Rebirth: Super Banking System

Chapter 1796: Chapter 1622: For the Future of All of Us (Please Subscribe!)

Finance.

Local governments must pay attention.

Because it involves how much money they have to spend, unlike the central government, which can print money, local states cannot. This is the root of the two parties’ different degrees of importance attached to money.

The former focuses on specifics.

The latter on macro-level.

Therefore.

Subsidies are indeed necessary.

“In that case, it’s okay.”

Kan Qin nodded.

In this way, the local issues are resolved. It’s simply that their finances are slightly reduced, which Kan Qin didn’t argue with Ling about; the largest purse is held by Ling. He says okay, so it’s okay.

Without these.

It won’t affect next year’s budget because taxation has been increasing. Just the ’oasis’ solution alone can contribute more than one hundred billion Asia Dollars in taxes to the Myanmar Economic Zone this year.

This is not exaggerated.

The governance of one hundred thousand square kilometers at a contract price of 1.5 trillion, although only the down payment has been made, the governance period is three years, and the remaining payments will be made in installments, but averaged out, it’s still substantial.

One hundred billion.

Among which.

At least thirty billion will be paid.

Adding to the increase in taxes from other industries, finances are still ample.

“You can take back this document; we’ll discuss it at the meeting tomorrow and strive to implement it as quickly as possible. My intention is to start these policies officially from the first of next month.”

Ling said.

“So fast?” Kan Qin was a bit surprised.

New policy.

Completing the procedures within half a year is considered fast.

“As usual, let’s start in the Myanmar Economic Zone first.” Ling added.

“Understood.”

Kan Qin breathed a sigh of relief.

Fortunately.

It’s not implemented directly nationwide, or that would be too rash. When the pie was smaller, fewer enterprises, and the commodity economy was not active, such policies were quick, and the impact wasn’t too big.

Now it’s different.

The growing economic scale means that any actions, especially taxation policies, should be approached with caution.

The Myanmar Economic Zone has always been the testing ground for new policies; how could I forget.

However.

The economic size of the Myanmar Economic Zone, especially in terms of import and export trade, covers more than eighty percent of the companies nationwide, showing regional development imbalance.

But also understandable.

The Myanmar Bank Group started there; the main exported goods are produced there, and for treatment, most people choose to go to the Myanmar Economic Zone; the other states combined can’t compete.

Well.

This trade promotion policy.

Might as well be fully implemented.

…

After Kan Qin left.

Ten minutes.

Another person came to Ling’s office.

Miao Ye.

Head of the Myanmar Economic Development and Reform Commission.

“Please take a look at this first.”

Ling took out an identical document, handed it over, the matter was urgent, it should have been communicated with Miao Ye first, but Kan Qin was closer, and the meeting is tomorrow, so it was done based on proximity.

“Yes.”

Miao Ye took it.

Carefully read through it.

“Your intention…” Miao Ye looked up after reading; he still didn’t know the extent Ling wanted to achieve; the department he manages has great power, but its existence is also to carry out Ling’s directions.

Thinking back.

Lang Cai was in power.

He let Ling manage this seemingly ornamental department.

Now.

It’s ranked first among the ministries and commissions.

“Tomorrow’s meeting, next month on the first I hope to start implementing in the Myanmar Economic Zone, what do you think?” Ling asked, although it’s an executing department, the respect that should be given is necessary.

Upon hearing.

Miao Ye was also surprised.

Too fast.

But what Ling wants to do, he supports; as a descendant of Chinese, he wasn’t well-treated in Myanmar before, but Ling didn’t care about this, first breaking norms to promote him as Naypyidaw’s mayor, and then to head a committee.

High rank and authority.

Following Ling.

Is his only choice in a foreign country.

“Your goal is to enhance the international credit and influence of Asia Dollar; this method is good, tax subsidies can also ensure states don’t suffer losses, implementing in Myanmar Economic Zone isn’t much of an issue.”

Miao Ye gave the conclusion.

A subsidy.

It’s just a matter of money.

Small matter.

“There is another matter related to this; I plan to increase the coverage of commodity and project loans to countries, your task is to find suitable countries and limits.”

“Including, but not limited to, the countries already enjoying it; projects can be categorized into general and special, such as the oasis, special loans can be given, allowing purchase of this item and services only.”

After listening.

Miao Ye smiled bitterly in his heart.

Others have money.

It’s continually accumulated.

As the saying goes, when you have grain in your pocket, you won’t panic, but when you have money, you like to scatter it out, totally not by conventional rules. Speaking of, isn’t the international status of Asia Dollar enough by now?

So many countries acknowledge it as a reserve currency.

Regional influence isn’t weak as well.

Non-PRS loans are enough, still not satisfied, don’t know what Ling’s positioning of Asia Dollar is, challenging Euro, Dollar? How’s that possible? Miao Ye just doesn’t believe it.

Too crazy.

“Understood.”

Despite doubts.

Miao Ye didn’t hesitate a bit in nodding.

Ling’s goal.

Is the purpose of the department he manages to exist; previously Ling implemented many radical policies, everyone didn’t understand, but eventually, facts proved their foresight wasn’t far enough.

Since Ling took office.

No policies have ever failed.

Understanding requires implementation.

Not understanding also requires implementation.

Before leaving.

Ling said something to Miao Ye.

“Asia Dollar, as a new sovereign currency, its foundation is too shallow. If it just rests on past glory, it will soon lose vitality, so it must be set in motion.”

“For the future of all of us.”

Those last ten words.

Filled Miao Ye with strength.

For all of us.

Clearly.

Ling isn’t whimsical, nor does he really like to disperse money, but he is working for everyone’s future. Even if Miao Ye still doesn’t understand everything, he knows it’s also doing something for himself.

…

After returning.

Miao Ye reread the document again, finding many policies somewhat ’baffling,’ like the stipulation that government bidding must use Asia Dollar, but doesn’t restrict the opposition from using it to exchange for foreign currency.

For instance.

Previously.

A billion-dollar airport project was won by a Huaxia Company. Well, if they had enough RMB, they’d directly pay the company in RMB for the engineering payment, Asia Dollar wouldn’t be used during this.

However.

In the new regulation.

An additional step is added.

That’s the bid contract only grants Asia Dollar; as for whether the company with Asia Dollar finds Myanmar Central Bank to exchange for RMB, or directly exchanges with Huaxia Central Bank, no restriction is made.

Theoretically.

Besides increasing the Asia Dollar proportion in international trade payment documents of Myanmar, it doesn’t have any practical impact.

Miao Ye was speechless.

Why such a redundant move?

Almost meaningless, right? Just like previously Zhang San trades with Li Si, now Wang Wu is added, yet Wang Wu charges no service fee, doing the left-hand to right-hand action.

No.

Counting in the subsidy.

It’s even a loss.

Miao Ye couldn’t understand.

Forget it.

No matter.

As it won’t have any substantial negative impacts anyways.