Chapter 681: Optimization of Economic Structure

Everyone looked at each other in blank dismay.

They couldn't understand.

They truly couldn't understand.

Everyone was staring blankly at Liu Zheng.

Including the Prince of Wei and the Prince of Yong.

Sustainable development—this term had appeared from Liu Zheng's mouth for the first time.

The Prince of Jin couldn't help but ask, "What is sustainable development?"

Liu Zheng smiled slightly: "Sustainable development must be an economic development model that is natural, social, ecological, economic, balanced, and healthy, and one where the government needs to intervene when necessary. It must adhere to the principles of fairness, sustainability, harmony, demand, efficiency, and step-wise progression!"

Everyone.

Was left completely stunned.

Who could understand this?

But for some reason, they just felt it made a lot of sense...

"Highlighting the theme of development, development is fundamentally different from economic growth; development is a complete phenomenon that integrates multiple factors such as society, technology, culture, and the environment!"

Liu Zheng chuckled: "And Jinzhou, it doesn't even have a complete basic economic structure, yet you tell me, it's perfect?"

"Where is the perfection?"

"Productivity is insufficient, and you tell me it's perfect?"

"Where is the perfection?"

The whole room was in an uproar.

More new terms!

Economic structure, productivity!

The Prince of Jin raised an eyebrow upon hearing this.

Liu Zheng knew that if he couldn't stun these wealthy patrons today, he would have no hope of securing the coal of Jinzhou! Without coal, that Industrial Revolution would be nothing but a pipe dream!

He drank another large cup of wine, paced out, and laughed.

"The economic structure of Jinzhou is singular and deficient; in Liu Zheng's view, if it continues to develop like this, there is absolutely no way out! Economic structure refers to the spatial relationship between various elements in an economic system. It includes workshop structure, industrial structure, and regional structure!"

"It is further divided into industrial structure, distribution structure, exchange structure, consumption structure, technical structure, and labor structure!"

"Prince of Jin, may you answer one more question for Liu Zheng?"

Liu Zheng looked at the Prince of Jin with a smile.

The Prince of Jin nodded.

"In all of Jinzhou, is there a single production line that can make ready-to-wear clothing? That can provide heating, or even, that can manufacture a single button?"

The whole room was in an uproar, with discussions breaking out, unable to stop.

Although what Liu Zheng said consisted of new terms, they were all in Vernacular Chinese. While there were many wealthy people present, there were also quite a few scholars. After all, they had come to support the Prince of Jin.

These terms and rhetoric were actually not hard to understand.

Industry, distribution, exchange, consumption, technology, labor.

It was obvious.

Although Jinzhou looked very prosperous today, in reality, only commerce and the service industry were highly developed.

Everything else was almost zero!

This kind of development was undoubtedly deformed.

Cloth had to rely on the south; steel had to rely on Liangzhou; Weaponry and Equipment had to rely on Liangzhou. This was where the structure had gone wrong.

If a war were to break out...

The future of Jinzhou was unimaginable!

The entire room was stunned by Liu Zheng.

There was dead silence.

Yes, structural problems, the quality of the people, war preparedness...

What Liu Zheng said hit the nail on the head. In an instant, the arrogance of everyone in the room vanished.

The Prince of Wei and the Prince of Yong exchanged a glance.

This kid had too much in him...

Especially the Prince of Yong, who had once thought he was an old friend of Liu Zheng and that he already understood him well.

Yet now it seemed.

It was far from enough...

The things in this young man's belly were as vast as the sea.

Turning the tide.

In such a situation, he could actually turn the tide.

The Prince of Jin was going crazy and stood up abruptly: "Vice Minister Liu, please continue!"

All of Jinzhou was going crazy.

Who could have imagined.

The banquet that the Prince of Jin had originally intended to use to embarrass and humiliate Liu Zheng had ended up becoming an academic exchange conference.

People were more shocked and more fascinated the more they listened.

Finally, the Prince of Jin ran down from his host's seat and sat right next to Liu Zheng.

The Prince of Jin was a good Feudatory King.

He was still very attentive to the development of his territory.

Liu Zheng naturally would not be stingy; on his first day in Jinzhou, he held an academic lecture.

It lasted until midnight.

Seeing this situation, the Prince of Jin urged everyone to go back and rest early.

The next day.

It continued.

Only this time, it was not in the banquet hall, but at a drill ground outside the Prince's Mansion. What left Liu Zheng between laughter and tears was that when he arrived at this place, the drill ground was already packed with people; officials and wealthy merchants dressed in brocade robes had all brought their family stewards or pageboys.

Liu Zheng spoke.

They took notes.

The topic of this day.

Was "Sustainable Development of Society and Economic Structure"!

In fact, Liu Zheng was also taking this opportunity to convey a message to the imperial court.

First, his confidence in the planning of the Liaodong Economic Special Zone.

Second, the problems that Longyan is currently facing, or is about to face.

Third, the changes and patterns about to emerge in the entire world, the impact on Longyan, and how Longyan should regulate itself to truly catch up with those Western countries.

As for whether people understood it.

He did not know.

But he still believed in the wisdom of the Longyan people. Because looking at the current situation in Jinzhou, the sprouts of capitalism were already growing. As long as Longyan did not experience a regressive dynasty like the Great Qing, with the arrival of the Industrial Revolution, the development of capitalism was only a matter of time.

And looking at the development of the entire human society in his past life, the industrial division of labor in capitalism ultimately led to the concentration of industries in different countries, thereby creating what we generally refer to as macroeconomic structural problems. However, the focus on structure did not arise because of the emergence of structural problems.

Early economic theories rarely paid attention to structural problems. In the era of Adam Smith, leveraging natural resource advantages was the mainstream philosophy of industrial development; the successive long-distance voyages of Italy, Spain, Portugal, and the Netherlands, and Britain's development of coal and wool textiles during the Industrial Revolution, were all inseparable from local geography and resources. Furthermore, at that time, the capitalist market was in the process of forming, and production exhibited a trend of infinite expansion; almost all industrial products were profitable, so structure naturally did not receive attention. Adapting to this situation, new technologies were highly regarded, and inventors became the "Noble" of society, the decisive force of production. Whoever possessed new technology and promoted it widely in production possessed the right to speak in the world economy and politics. After the Industrial Revolution, Germany's rise in Europe, and after the electrical revolution, the United States' overtaking, were all reflections of the spirit of technology. This situation lasted until the sixties and seventies of the last century.

The shift from a seller's market to a buyer's market changed people's indifference to structure. In the early stages of capitalist development, the industrial economy mainly relied on Taylor's management philosophy and assembly line production technology to drive it, which determined that production moved step by step toward the largest possibility frontier. At that time, even those industrial countries without comparative advantages could always find their target markets globally, but as time passed, this situation changed. At first, industrial countries without comparative advantages felt their markets were gradually being swallowed by industrial countries with comparative advantages, and later, those industrial countries with comparative advantages also felt the market was shrinking.

At the same time, more people discovered this fact: that some industrial products were easy to sell and profitable, while others were difficult to sell and not profitable. This was the structural problem. The Wa were the first country to recognize the structural problem; although there are mixed opinions on whether industrial structure was the cause or the result of the post-war economic revitalization of the Wa, an excellent economic structure was undoubtedly the main factor in the Wa's progress.

When the Wa formed a world economic strategic triangle with the United States and Europe, the country's focus on structure actually exceeded its focus on technology.

Consequently, economic structural adjustment became an important part of macroeconomic policy.

This is why Liu Zheng wanted to build a Research Lab.

And it is also why Liu Zheng wanted to prepare the economic structure planning in advance.

Because.

Once this is planned well, for the next few hundred years, Longyan will absolutely be at the forefront of the world.

Likewise, it will certainly maintain its status as the Celestial Empire, unshakable.

Powerful.

Only by being advanced can one be powerful.

Only by achieving a head start can one be advanced.

Regardless of whether it is technology, economic theory, or economic structure.

Liu Zheng's current vision is no longer placed solely on Liangzhou.

If possible.

He would not mind starting the optimization of industrial structure from Jinzhou first.

Once this "policy essay" was released, the entire academic world of Longyan was in an uproar.

Quick, quick, quick!

That man.

He is going to publish (show off) again!