Leader Jing was not optimistic about Lin Sanqi's sudden idea of establishing a "special industrial zone" in Bao'an County.
With the current domestic economic strength and scientific and technological level, it is difficult to set up a power plant, let alone an industrial park?
But now listening to Lin Sanqi's description, it seems that his entire plan is well thought out and feasible.
This made Leader Jing's heart begin to surge with anxiety.
Because this is not just dancing on the red line, but actually stepping over the red line. The capitalists are back again?
Thinking of this, Leader Jing pondered for a moment and decided that he still had to make some things clear:
"Comrade Sanqi, I also studied abroad. What you are talking about is completely based on capital operations, such as your proposal for public-private joint ventures to set up factories, and your domestic sales and foreign trade.
But you also know that our country implements a policy whereby all means of production belong to the collective, and the collective redistributes resources. This is how we can concentrate our efforts on major tasks. This may be somewhat unreasonable, but it is also what we have to do.”
Lin Sanqi knew what Leader Jing was worried about. In fact, he was not opposed to the collectivist system.
Because he traveled through time from 60 years later, he had a God's perspective. In order to travel through time, he also checked a lot of information and had his own judgment in his mind.
The exceptions are the old rogue capitalist countries, because their history of development is actually a history of piracy, relying on foreign colonization and brutal plundering of foreign resources to meet domestic economic development and technological innovation.
But take the emerging countries after World War II. If strongman politics emerges, the national economy will develop rapidly.
For example, our neighboring country, South Korea, has rapidly developed from an agricultural country into a developed country through the strongman rule of three presidents, Park Jung-X, Chun Doo-H, and Roh Tae-Y.
Therefore, as long as we focus on developing the economy, work wholeheartedly for the country and the welfare of the people, and the whole country is united in construction, the country will quickly become prosperous and strong.
Lin Sanqi did not have any doubts about the system or any opposition to it; instead, he supported it.
Of course, you should not learn from the Filipino soldiers. A good country was ruined economically by a certain 10% man, and the country was directly pushed back into poverty. This is a major drawback of strongman politics.
Lin Sanqi looked at the closed door and believed that no one would dare to eavesdrop, so he became bolder:
"Leader, my idea is that we can develop a multi-ownership economy while adhering to the collective system."
(Lin Sanqi felt strange when he said this. Why did he feel like he was taking a political exam?)
Leader Jing seemed to be thinking about something, and then he gestured, "Don't stop, keep talking."
"Leader Jing, think about it, a country as big as ours can't have just one economic system, right? Such a one-size-fits-all approach doesn't align with the philosophical implications of Marx and Engels. We need to look at this dialectically.
For example, I built an infectious disease hospital in the capital, which was actually a disguised contracting system. I didn't want state investment, I wanted to be independent and responsible for my own profits and losses. In fact, my original proposal was already unorthodox.
The result? Far from causing any adverse effects, the Capital Infectious Disease Hospital became the most advanced hospital in China. Patients received timely treatment, hospital staff incomes increased several-fold, and the national treasury breathed a sigh of relief.
Therefore, whether it is other public hospitals in the country or our privately contracted hospital, the final result is actually the same, which is to serve the people and to develop our country's medical industry.
Since the leadership allowed me to innovate and reform the medical industry, I think they should be bolder and try other economic models, such as public-private partnerships.
Leader Jing smiled slightly:
"Comrade Sanqi, you may not know this, but we've actually been practicing public-private partnerships since 1954, and we've achieved very good results. So far, 99.9% of private factories and workshops nationwide have become public-private partnerships. You're not calling this innovation."
Lin Sanqi slammed the table:
"Look, leader, since the state allows public-private partnerships, then the plan I proposed is within the scope permitted by the rules and does not touch the bottom line, right?
However, my public-private partnership is different from what is being done in China. In China, the public-private partnership is that the state invests in and purchases equity in the original private factory, or the factory is voluntarily donated, and finally the factory becomes state-controlled.
But my public-private partnership is different. I'm going to start from scratch and build a towering structure on a blank sheet of paper. This won't harm anyone's interests, nor will it put the national treasury at risk in the slightest."
Leader Jing smiled:
"You're giving me an economics lesson, kid. Okay, keep going. Don't worry, even if you're wrong, our conversation today won't get out of this room."
Lin Sanqi thought that he didn't have to worry about the news getting out. Anyway, his family was in Hong Kong now, and he had the ability to travel through time, so he had no worries.
Of course, on the surface, he still had to act a little shy:
"Leader Jing, this is what I thought, and it's actually done this way. The state provides the land and workers, and holds a 49% stake. Our Lin family provides the capital, technology, and equipment, and holds a 51% stake.
Why must our Lin family hold the controlling stake? It's because I, the Lin family, have the final say. Your situation back home is too complicated. If the Zhang, Li, and Wang families all try to get involved, who will have the final say in this factory?
This is modeled after the domestic system, where the Lin family has the final say in the factory. This will reduce unnecessary internal friction and arguments, and we can work together to run the factory well and produce results as quickly as possible."
Leader Jing thought to himself that this little guy was quite cunning. He knew that private holdings would not be allowed in the country, so he came up with this explanation.
The key point was that he used the national system as an example, which did make some sense, so he didn't interrupt Lin Sanqi.
"Also, although our Lin family holds the controlling stake, the state will receive 90% of the dividends, and our Lin family will receive 10%. We can write this into the contract, and even our descendants cannot change it."
When Leader Jing heard that, he was really shocked.
This is equivalent to the Lin family setting up a factory in the mainland. The Lin family made all the investments, but in the end they only got 10% of the profits.
This is simply giving a huge sum of money to the country for free, even an immeasurable amount of wealth.
Leader Jing was somewhat moved, and the way he looked at Lin Sanqi was different.
Leader Jing understood how dire the domestic economic and financial situation was and how they had gotten through the past three years. He could hardly sleep all night.
If one is not strong-willed, it is impossible for an ordinary person to become such a high-ranking official.
If the Lin family's factory could really give the bulk of its profits to the country, it would definitely be a great thing that would benefit both the country and the people. How could he bear to refuse?
In fact, what Leader Jing didn’t know was that the reason why Lin Sanqi dared to agree to only 10% profit was because he would have made a fortune with 10% profit.
This is the only "special industrial zone" in this country. It is engaged in both domestic trade and export. How much profit can this special zone generate?
Moreover, the products that Lin Sanqi acquired in 2014 were monopoly commodities in 1962, and the pricing power was in its own hands.
Even if the profit is only 10%, it would probably be an astonishing fortune.
Having too much private money is not necessarily a good thing. Lin Sanqi even thought that when the Lin family made enough money, they should stop making money in time and hand it all over to the country, leaving no shares for the Lin family to buy peace of mind.
If his descendants are ambitious, he can start a business in another industry to avoid direct competition with domestic companies.
Leader Jing tapped the table with his hands and looked at the map of Bao'an County. His heart was no longer as calm as before.
"Comrade Sanqi, if the country allows you to open this industrial zone in Bao'an County, what products will you produce?"
Although Lin Sanqi's proposal is very innovative, I believe that once it is made public, the majority of voices will be against it.
Leader Jing needs to assess whether this industrial zone has a future (or financial) and is it worth the risk? This is definitely not a small matter.
Lin Sanqi thought for a moment and replied:
"I originally wanted to focus on medicine. I have many patented and effective drugs, some of which even the US covets. I wanted to build a pharmaceutical industrial park within the six square kilometers of Sha Tau Kok.
For example, the global market for anti-tuberculosis drugs alone is worth billions of dollars. Leader, just think about it. China doesn't even have $100 million in market capitalization right now. So you can imagine how much money we can make."
Leader Jing nodded:
"Producing drugs is a good idea. Everyone needs to take medicine, and those who oppose it also need to take medicine. They should consider whether to oppose it. But from your tone, you don't intend to limit yourself to drugs?" (End of this chapter)
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