Before Wu Tong could speak, Mu Guoxing said again: "During this period, I have been repeatedly thinking about the reasons for the sharp decline in the economy of Jiangnan Province. Now, there are problems in real estate exhibitions. If these problems are not completely solved, the economic bubble will accumulate more and more. Once it is destroyed, the consequences will be unimaginable, and it will be difficult for Jiangnan's economy to recover."

"Secretary Mu is a little harsh!"

Mu Guoxing glanced at Wu Tong who was speaking and said, "Director Wu, don't think I'm an alarmist statement. Now real estate builders, speculators, and several people with interest relationships are colluding with government officials and engaged in an unfair game with the people in the vulnerable group. The real estate market is like a bottomless vortex, desperately absorbing the hard-earned money of the country and the people, and then uses a so-called distribution system of market rules, according to rights, size and amount of capital, to the pockets of some vested interests, and the ones who are hurt are our country and the vast majority of ordinary people. Both are senior cadres of the country and have a profound economic theoretical foundation. I think you won't see this."

Wu Tong laughed: "Secretary Mu, it's terrible according to your description. The effect of the real estate market to drive the economy is obvious. Real estate developers have also created huge wealth for the country during the development, and have also led to a rapid growth in local fiscal revenue. Secretary Mu cannot deny this aspect? There will also be problems of this or that in the reform, which requires us to correct it and return to the right path. But we cannot give up the choking and erase the benefits of real estate to economic exhibitions."

It seems that Wu Tong had made sufficient preparations before coming to Jiangnan. His purpose of coming to Jiangnan this time is now very clear. He debated with the economic development policies implemented by Mu Guoxing in Jiangnan in the name of discussion, and wanted to persuade Mu Guoxing to give up the rectification of the Jiangnan real estate market and restore the original arrangement Qian Fengxin had done.

"Director Wu, Zhan Real Estate can indeed make GDP grow rapidly, but can you please tell me where the huge amount of funds needed for Zhan Real Estate come from? How many built buildings are affordable to ordinary people? What channels does the funds used by the housing speculation group get?"

Wu Tong was slightly stunned and immediately said: "In real estate development, we have indeed received support from the banking industry, but this is also done according to market laws. Prices are determined by supply and demand. I don't think there is anything wrong with it."

Mu Guoxing smiled and shook his head: "According to the situation in Jiangnan Province, banks' funds account for more than 80% of real estate development, which means that the operator can operate with less than 20% of the funds. After all-round speculation, the price of houses is getting higher and higher, reaching an astronomical number. People need to pay a generation or generation of savings to buy a house. The housing speculation group can easily obtain funds due to the poor supervision of banks, and also act as accomplices in this regard. When the financial crisis came, the capital chain broke, and they threw this burden to the bank, causing a large amount of funds to be occupied and unable to support the development of the real economy, thus causing a large number of industrial workers to be unemployed and causing social turmoil. If this continues, this situation is very dangerous, and it may shake the foundation of the country."

Mu Guoxing looked at Wu Tong and continued: "It's okay if you don't want this kind of GDP that harms the interests of the people. On the surface, fiscal revenues are growing faster, but in fact they are all land-selling finances, losing the support of the real economy. Our economic development is a sourceless water without roots. Jiangnan Province's rectification of real estate does not mean to kill all real estate developers, but to bring them back to a healthy and orderly development path. Only in this way can our country's economy have a long-term and healthy growth stage."

Wang Guoxue smiled: "I just said that Jiangnan Province will not want real estate, and the economic benefits of real estate are still obvious no matter how you say it."

Mu Guoxing nodded: "Minister Wang is right. It is not necessary to rectify the real estate market. Real estate is not a matter of not neglecting real estate. If you do this, you must consider comprehensively. To develop any industry, so that the development of this industry is more in line with the actual situation in the local area and the country's economic macro-control policies."

Wu Tong said: "Secretary Mu, what we learned is not like this. Southern Real Estate suffered huge losses in this rectification. We also heard that Donghai Real Estate has also been severely suppressed this time. The Real Estate Market Rectification Committee of your province not only recovered a large amount of land that had been sold, but also made the real estate developers pay huge compensation for land occupation. Isn't this killing the chicken to get eggs?"

Mu Guoxing smiled: "It seems that Director Wu still has some understanding of the situation in our Jiangnan Province, but what you hear is one-sided words. We have indeed recovered a large number of land that has been idle for more than two years. As the deputy director of the State-owned Assets Supervision and Administration Commission, you should also understand the purpose of Kaiser. Kaiser hoarding land is to make higher profits. We take it back to promote the acceleration of the utilization of land and crack down on Kaiser's speculative behavior in the real estate market. This is also in line with the spirit of the central government's instructions."

Wang Guoxue asked in confusion: "Secretary Mu, will the land you have recovered for free be listed for sale again in the future? Isn't this a piece of land sold twice to increase the cost of opening a business?"

Mu Guoxing shook his head: "We have reached an agreement with Southern Real Estate. In the future, we will use this land to invest in real estate development and jointly open the property with them. After obtaining the corresponding value of the property, we will sell it to people who really need housing at a cost price."

Wang Guoxue smiled: "Secretary Mu, you have a good method. This has fundamentally stabilized housing prices. However, in this way, your fiscal revenue will drop significantly, which is also very unfavorable to your local economic development."

Mu Guoxing realized that Wang Guoxue had a kind attitude to discuss the rectification of the real estate market, while Wu Tong had the intention of finding faults or pleading for real estate developers. It seems that although the two people came in the same purpose, their points were completely different.

"Secretary Mu, Director Wu and I come here this time mainly because we have something to talk to you. The state-owned Nanhai Company has also invested huge amounts of funds in the real estate market in your province. They have also received documents from the Jiangnan Real Estate Remediation Committee to recover the 1,800 acres of idle land in Nanhai Company for free. This way, the losses will be huge. Can you please make some compromises?"

This sentence should have been spoken by Wu Tong, the deputy director of the State-owned Assets Supervision and Administration Commission. When Wang Guoxue said this sentence, it was a bit like overdoing the matter. Mu Guoxing thought for a moment and understood that if he agreed not to take back the land of Nanhai Company, Wang Guoxue would definitely continue to raise the same problem with Donghai Real Estate next.

Mu Guoxing smiled: "State-owned enterprises, like private enterprises, must also act in accordance with market laws and regulations, and must obey the constraints of national laws and regulations. There is no privilege in this regard, and the central government does not have this regulation. If you want to prevent Jiangnan Province from reclaiming this 1,800 acres of land, you can ask Vice Premier Gao to ask the Central Committee for instructions, and we will follow the documents to the Jiangnan Provincial Committee."

Wang Guoxue understood that Mu Guoxing proposed a condition that could not be done at all. Gao Xu was the adopted son of Mr. Mu. He was in charge of state-owned assets. It would be impossible for him to issue this document. Besides, this is also a policy formulated by the central government. How can it be changed at any time?

Wu Tong was a little disappointed. Mu Guoxing didn't even sell the face of the State-owned Assets Supervision and Administration Commission, let alone other people. It seems that this trip to Jiangnan will be back empty-handed again. It is impossible for Donghai Real Estate to not hand over those thousands of acres of land, and it is impossible for him to not pay the compensation for idle land.
Chapter completed!