Chapter 4007

Of course, their total assets did not decrease because they had a house, and their total assets were even appreciating because their house prices were rising. But what was the use of this? Unless they sold the house, the money in their hands would not be as much as before. But who would be willing to sell the house?

Not to mention that a family might only have one house, and they would have nowhere to live if they sold the house. Even if a family had several houses, seeing housing prices rising sharply, they would not be willing to sell them; they were still waiting for the house to appreciate.

In short, most ordinary people needed to use their family's lifelong savings to buy that house, and they still had to use a large part of their monthly salary to pay off the mortgage. This caused their consumption to downgrade, they dared not take risks, lacked innovative spirit, and were unwilling to engage in low-income scientific research and technical industries.

And in this life, after this game, the situation had changed a lot. In this life's package of economic stimulus plans, there was no such huge amount of currency put into the market, so this would not cause inflation, and housing prices would not rise sharply like in Su Xinghui's previous life.

Preferential policies tilted toward high-end manufacturing and high-tech industries, which was also a gratifying result. This would allow capital to spontaneously gather in these industries. Over time, it would naturally allow these industries to have relatively large development.

As for the problem of industrial upgrading, high-end manufacturing and high-tech industries had preferential tax policies, while those backward production capacities and traditional industries had no preferential treatment, so they would naturally be eliminated slowly. In this way, wouldn't industrial upgrading be completed naturally?

In addition, the state would significantly increase investment in scientific research, especially scientific research investment in universities, which was also great news. Currently, China's scientific research investment was still too low. Although some scientific research achievements had been made over the years, overall, compared with developed countries in Europe and America, it was still far behind in many technical categories.

The consequence of insufficient scientific research investment was that the income of China's scientific research personnel was very low. In China, the income of a top scientist might not be as good as an ordinary practitioner in the financial industry, or even as good as a vendor setting up a stall on the roadside. How could such a reality attract the most top-notch talents to engage in the scientific research industry?

In fact, China's best students basically went to study finance and software industries because the income in these industries was the highest. Like those basic disciplines, very few of the best students would go to study them. Even if there were those who did scientific research among the best students, many of them went abroad. They engaged in the scientific research industry abroad, and their income was much higher than in China, and the vast majority stayed abroad and never came back.

This loss of talent was very heartbreaking, and this also made the development of China's scientific research cause very slow. And scientific research was the most fundamental thing of a country. If scientific development couldn't be developed, what was the use of building more houses?

Now the state had increased investment in scientific research, which meant that the income of scientific research personnel would also increase. The increase in the income of scientific research personnel would attract more high-end talents to this industry and engage in scientific research work.

Increasing investment in scientific research didn't just mean the increase in the income of scientific research workers; it also meant that the equipment of scientific research institutions, including universities, could be more advanced, and the conditions and environment for doing scientific research would also get better and better. This would allow those highest-end talents to stay in China more.

Doing this, although it couldn't be immediate and make China's scientific research level advance by leaps and bounds, it could slowly consolidate the strength of China's basic research and increase China's technical foundation. Over time, there would definitely be a day of thick accumulation and thin hair.

For example, those powerful European and American countries, didn't their scientific research path also come this way? Japan invested very heavily in scientific research in the last century, and as a result, in this century, their Nobel Prizes had a trend of gushing out. As long as China increased investment in scientific research, sooner or later there would be such a day of gushing out of scientific research achievements.

This package of economic stimulus plans made many people very satisfied. However, there were also many people who were dissatisfied. Among them were Su Xinghui's opponents. The huge investment they counted on from the state fell through, and the hope that housing prices would rise sharply also fell through. It was impossible for them to make a big profit from it.

In addition, those European and American countries were also very disappointed. They of course hoped that China would over-issue currency, which was good for them and could help their economic recovery. They had also been lobbying the Chinese government to introduce a relatively aggressive package of economic stimulus plans and had achieved very good results.

Just when they thought China would introduce economic stimulus plans favorable to them, the package of economic stimulus plans introduced by China disappointed them greatly. China did not put a huge amount of currency into the market as they wished, but adopted a relatively mild economic stimulus plan, which didn't have much effect on their economic recovery.

What made them most uneasy was that China's policy would make China's technological strength more and more powerful, and would also make China more and more powerful. And a China that was too powerful was also not in their interests.

The lead of European and American countries in the world had lasted for more than a century, and they of course didn't want their leading position to be caught up and surpassed by China.

Besides these people being very disappointed, the most disappointed might be those enterprises in the building materials industry.

Many enterprises in China's building materials industry belonged to backward production capacity. Originally, with China's economic development and scientific and technological development, these enterprises with backward production capacity, especially those small enterprises, would be slowly eliminated.

Of course, they didn't want to be eliminated, so this package of economic stimulus plans became their last straw because if China significantly increased investment in infrastructure and real estate, the demand for building materials would naturally increase significantly, which would naturally save these building materials enterprises.

The news that came out before was that this package of economic stimulus plans would invest heavily in infrastructure and real estate, at least trillions of investment. But once this plan was introduced, it disappointed them greatly.

The state would not invest heavily in infrastructure and real estate industries, and these building materials enterprises would be doomed to be eliminated.

In short, the introduction of this package of economic stimulus plans made some people happy and some sad. However, the introduction of this plan also determined the direction of China's economy for the next ten years or more, which was crucial to China.

Once this package of economic stimulus plans was introduced, many of China's technology stocks rose in response, including Hanhai Technology, Jinfeng Technology, Xuanwu Technology, Hengxing Microelectronics, etc., all hit the limit. This news was too good, and it would be unreasonable for these stocks not to rise at this time.

Only at this time did Su Xinghui let out a long sigh of relief. He finally successfully reversed the direction of China's economic development. If it developed according to the direction of his previous life, it would have gone astray.

Although the package of economic stimulus plans in his previous life did indeed successfully stimulate economic recovery in a short period of time, the evil consequences brought about were also very great.

This plan not only caused inflation and soaring housing prices, but also prevented China's backward production capacity from being eliminated, and also prevented China's industrial upgrading from being completed. China's GDP growth was indeed very good, but the quality of GDP was not flattering.

In fact, this time, China had a very good opportunity to complete industrial upgrading. Although China's export industry was affected, China had the largest market in the world, and its own domestic demand was enough to make many industries full.

As long as China didn't blindly over-issue currency, worked steadily, and then used policies to guide at the right time, eliminated backward production capacity, and completed industrial upgrading, it was just around the corner. But that economic stimulus plan made this opportunity lost in vain, and the dream of industrial upgrading became a bubble.

This matter made Su Xinghui always regard it as a regret. After his rebirth, he had always hoped to change this matter and pull China's economic development back to the correct direction.

However, how easy was this matter? For such national affairs, if you want to change, you must have huge strength. But what is gratifying is that Su Xinghui finally did this, and completed it very beautifully. This will be decisive for the development of China's economy in the next ten years or more. ===== CHAPTER 4009 =====