CPPCC members suggestions export of Chinese version Marshall

Source: Internet
Author: User
Keywords Marshall
Tags administration agency change cost developing countries development development plan exchange
China News agency, Beijing, July 13 to cope with the current export downturn, the National Political Consultative Committee members, the State administration of taxation, the former deputy director of the Shanda 13th at the meeting presented the Chinese version of the "Marshall Plan", that is, "harmonious World Plan" or "shared development plan." At the consultative meeting of the CPPCC, Shanda submitted that due to the impact of the financial crisis, the current international market situation has emerged a "substantial" change, "high-quality low-cost" export strategy has not been able to achieve China's goals.  However, the surplus of a considerable amount of infrastructure capacity, a large amount of foreign exchange reserves and a very high renminbi credit is China's two important resource advantages. "China now has a considerable number of developing countries with resources to develop but no money to develop, and these countries have a strong demand for infrastructure and no money to build."  "Shanda believes that China's resources and the resources of these countries can be combined to enable each other to develop and share the benefits of development." Shanda's "harmonious World plan" or "Shared development plan" is almost a replica of the US Marshall Plan. He said that the Marshall Plan, after the "Second World War", not only helped revive Europe, but also benefited the United States greatly.  From an economic point of view, the situation we are facing today is similar to that of the US after World War II, where there is a lot of overcapacity. According to the introduction, the "Marshall Plan" is the United States to take out its gold reserves of two-thirds (about 13 billion U.S. dollars) to lend to recipient countries, let them buy things in the United States. That is, the U.S. surplus capacity into the U.S. government's debt to the recipient countries. The United States is using a variety of forces to make sure that the countries that borrow money are not. At the same time, the Bretton Woods system was established under the United States, which provided 35 dollars for an ounce of gold, and the recipient would have to use gold to repay the debt without the dollar.  The capacity output, combined with national debt and the Bretton Woods system, made the United States the biggest beneficiary of the Marshall Plan. Shanda suggested that China build a "harmonious world plan" or "shared development plan" funds (including 100 billion dollars or other foreign exchange scale, 3 trillion yuan) on a scale of 500 billion dollars to Asia, Africa, Developing countries such as Latin America announced China's willingness to provide state loans to friendly countries for infrastructure construction in borrowing countries.  Channels can use the existing Sino-African Cooperation Forum, the Shanghai Cooperation Organization, the ASEAN Free Trade Area and so on. At the same time, the loan is mainly commercial, but the interest is lower than the average commercial loan. The Chinese government only asks for interest rates higher than US Treasuries after deducting the risk. A small amount of credit can be unpaid. The borrower's government is a borrower who voluntarily applies for a project loan and fulfils its debt-servicing obligations.  Project construction and procurement should be carried out in Chinese enterprises. Shanda in particular, the plan, a total of 500 billion dollars of funds is small, help speed up the pace of internationalization of the renminbi, help to reduce foreign exchange reserves, avoid long-term depreciation risk. The core content of the plan is: the State undertakes the loan risk, the enterprise output excess capacity, the RMB internationalization, the Trinity. Finish)
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