NOVPUB
Chapter 732: Chapter 635 - Compromise (Subscription requested!)_1
2.1 trillion RMB.
Worth close to 260 billion US dollars, which is twice Myanmar’s current GDP.
This is an astronomical number for Myanmar. Lang Cai truly doesn’t know how these people below dared to propose this project. Their audacity is truly sky-high.
A bunch of ’talented’ individuals indeed.
This is basically half of the funding from the report Deputy Leader Ling recently submitted.
Even if we go by the previous loan amount of 800 billion RMB, as long as it’s managed properly and we follow the report submitted by Ling, it will definitely drastically improve Myanmar’s domestic economic situation.
However.
If we follow Ling’s plan, the piece of cake they get won’t be that big.
That’s because many of the projects need to be done by Huaxia. Plus, all of these projects are crucial ones with high technical requirements that they cannot take on.
Therefore, there comes this even bigger ’crazy’ plan. Once such massive funding is handed down, the ample funds from the non-critical projects will make those below drool with greed.
This can’t be allowed to happen.
In Ling’s previous plan, they had to risk accumulating enormous debts to seek Myanmar’s development, like walking on a single-plank bridge, it was already risky. If they really escalate Myanmar’s debt to this scale.
That would be playing with fire.
A fire even he, Lang Cai, would be unable to extinguish.
At the same time, Lang Cai felt a vague unease in his heart, as though the ship known as Myanmar had already sailed in a direction he couldn’t predict. Although they had Huaxia as a role model, the situation in Huaxia and Myanmar is not the same.
Because they also lack experience.
The future of Myanmar.
Lang Cai has a feeling that he can’t grasp it. When he thinks about Myanmar incurring debt on such a scale, his sense of unease intensifies.
What to do if you feel uneasy?
Of course, hold a meeting to resolve it.
And so.
Everyone who attended the meeting on October 15th, except for Ling, was present.
Lang Cai sat at the top with a gloomy expression.
He didn’t speak.
An oppressive silence blanketed the conference room.
One by one, Myanmar’s high-ranking officials kept their heads down, busy with their own work, pretending to look at the documents in their hands.
They obviously knew the contents of the meeting.
They also felt that their subordinates had overstepped this time, but they were helpless as their subordinates also had their own interests to consider. They couldn’t lose out while looking out for others. Everyone wanted to make a fortune in this matter.
Money.
No one thinks it’s too much.
"I’ve read the reports you’ve submitted, and I’ve carefully calculated the total loan amount this time, all together, do you know how much it is?" A somewhat hoarse voice of Lang Cai echoed.
At this point, Lang Cai paused, tapped the wooden desk a few times, narrowed his eyes, and said in a harsh tone: "2.1 trillion RMB, is this the report you’ve made?"
The echo filled the conference room.
The room fell silent.
They also looked a bit shocked.
The amount was over twice as large as expected. But why? Many department’s planned quotas were only increased by 30-40%. Where did the extra amount come from? Some people looked around, wanting to see who was so audacious.
However, no one stepped forward, but from some people’s bowed heads, they understood something.
Lang Cai continued: "Among you, the least increase is 20% based on the basis given by Ling, the average is 30-40%, these I can understand. However, some people have flipped the amount two to three times.
"Especially the construction and electricity communication departments. Do we really need to build so many high-rise buildings and base stations, and ultra-high voltage transmission networks? Ladi, the head of the department, you speak first."
This is the director of the Myanmar construction department.
When his name was called, Ladi shivered and quickly explained: "President Lang Cai, the thing is, the ’Xin’an City’ in the Myanmar Economic Zone is being built entirely according to the standards of a modern city, I’ve seen their city planning.
If it’s built successfully, Xin’an City will undoubtedly be the largest and most modern city in Myanmar, with the most high-rises. I think we shouldn’t lose to Xin’an City. That’s why I added some high-rise and super high-rise building plans to the new city design. It is also beneficial for the city’s image and conducive to attracting investment."
Ladi felt that his reasons were absolutely valid.
"..."
Lang Cai wanted to say something, but he felt Ladi had a point. They couldn’t be outdone by a region. In Ling’s original proposal, they were merely constructing a few industrial cities, but not modern cities, which cost less.
Now, for the sake of national image, Ladi ’considerate’ plan has nearly tripled the investment amount. He could be said to be upholding ’greater values’.
However.
The plan certainly looks good.
It catered to our ego.
But it’s hurting our wallets, big brother. Can’t we think of the bigger picture?
Lang Cai had to say, "Manager Ladi, your idea is good, but we also have to consider Myanmar’s actual situation. We don’t need unnecessary buildings.
The selling points of our investment are not modern urban planning or economic policies aimed at modernizing the cities, but rather improving Myanmar’s economic structure, developing a variety of industrial structures, improving living standards, education, health care, and not wasting money on this kind of thing."
Ladi hurriedly said, "Yes, I’ll make the adjustments when I get back. But, there needs to be some impressive buildings, otherwise after the clients visit, they’ll think ’Xin’an City’ is the capital."
This remark directly stimulated Lang Cai.
He glared at Ladi fiercely and scolded, "What kind of talk is that...," but he knew that it was motivated by interests, and Myanmar also needed some impressive works.
Gossip can bother people too.
"Alright, I understand. But the current plan is definitely not suitable. Reduce, besides Yangon and Naypyidaw, all other city landmark buildings should be largely cut or even removed. There’s definitely no way to spend that much money."
Lang Cai compromised.
I believe that just by doing this in one department, almost 20 billion RMB can be saved.
"Yes," Manager Ladi happily said.
As long as there is some, local interests are just a backdrop.
"Deputy Leader Kundun, speak for the electricity and communication sectors. Why did they also exceed so much?" Lang Cai turned to Kundun, who was in charge of this sector.
Called out by Lang Cai.
Kundun quickly explained, "Our country has very rich water resources, but more than a third of the people nationwide do not have electricity, and the rest cannot guarantee full-day supply.
Therefore, I believe that we need to strengthen the power sector, construct high-voltage transmission lines on a large scale, and enable every household to have electricity 24 hours a day as soon as possible. Deputy Leader Ling’s plan only addresses the demands of the industrial growth and the power supply issues of major cities. I believe we can extend the scope.
As for communication, it goes without saying. Our country’s communication network is comparable to those backward countries in Africa, with outdated technology and narrow coverage.
Therefore, based on Ling’s proposal, the communication department believes we can move forward more quickly and rapidly establish a set of complete and cheap commercial communication networks, which not only serves the people but also generates large profits."
In response to Lang Cai’s question.
Kundun’s answer was very smooth. This is also the reason given by the lower-ranking officials. It wasn’t original to Kundun, but since Lang Cai wanted to hear it, Kundun had to say it again.
Seeing that Kundun had ’ready answers’,
What else could Lang Cai say?
This kind of thing is so annoying. Many of the party’s are mixed with national interests, the interests of the people. It’s not easy to refute some requests. They claim to stand for the ’greater good’ and take the moral high ground. Regardless of how well they perform in the future, they can’t be wrong.
Lang Cai decided, "Just like before, revise it again. Keep the overspending within fifty percent. Otherwise, Myanmar’s tax surplus may not even cover the interest."
The last line is a reminder to everyone present. If they continue, Myanmar’s debt will become unbearable for the economy. But overall, Lang Cai compromised again.
"Yes, we’ll revise it as soon as we get back." Kundun quickly agreed.
"Okay, hurry up. As for everyone else here, I won’t go into details. Revise all the plans. We have five days left. Ling is coming. Don’t scare him off with our plans." Lang Cai said, rubbing his forehead.
After saying this,
It was naturally time to adjourn the meeting.
After the meeting,
One by one, the managers returned to revise their plans with great enthusiasm. Why were they so pleased? Because Lang Cai had already agreed to the overspend, as long as there were additional projects, fifty percent of which already represented huge interests.
Lang Cai exhaled a sigh.
He was thinking about how to convince Ling to shell out more money.
It’s not easy being in charge.
...
In the Shanghai Stock Market.
Tang Qing listened to the content of the meeting hosted by Lang Cai reported by the Command Room.
After listening, he was a bit disappointed.
He really hoped that these guys would be more outlandish, but Lang Cai was too timid.
Tang Qing was the one standing. This wasn’t about billions, but hundreds of billions of RMB. No matter how careful an agricultural country like Myanmar is, it wouldn’t be excessive. Tang Qing knew he was a bit impatient, but he thought it was so slow.
But it doesn’t matter.
This is just the first round of loans.
There’s another round. Tang Qing looked forward to it.
But next time.
The loans Tang Qing would manage would not be against the US dollar or RMB, but completely against the Asia Dollar.
