., Xiaoyu, what should you do if you have produced so many products?... Xu Fan pondered for a moment and asked again, "Your GDP in five years is about 140 billion Huayuan. The GDP is nothing more than consumption, investment and exports. According to last year's data, our residents' final consumption rate has dropped below 60%. If we follow this estimate, at least 56 billion will be solved by investment and net exports in the next five years. The planned investment we calculated just now is 40 billion, and the remaining 26 billion, how do you plan to solve the annual export of 26 billion. Your annual export volume is close to the sum of Europe, which will cause all the great powers to besiege."

"Uncle, you forgot to forget about a few things." Zheng Yu smiled.

"What?"

"You forgot that the consumption rate this year is low because of the war, and the empire adopted the ratio of key daily necessities." Zheng Yu said, "Now that the war has been over, the whole society is optimistic and consumption will recover. Even if a lot of funds need to be invested in reproduction, considering the increase in labor income and the universal benefits of tax reform for the middle and lower classes, even if our consumption proportion cannot be returned to the pre-war period, it is no problem for more than 5. This gap that can be compressed is at least 16 billion."

"Well..." Xu Fan was slightly stunned, but had to admit that Zheng Yu was right. He couldn't help but look at the boy with a strange look. "Even if I assume that investment is considered profitable, the export is still a bit too much. We only had one billion a year before the war."

"I am quite optimistic about overseas demand. Although Europe and the United States were in an economic crisis before, with the help of this Asian War order, the United States, Germany, and even France began to set off a speculative boom. Industrial production recovered rapidly, and the stock market was rising steadily, especially electrification, railways and highway investments. The cheap oil of the Empire also promoted the demand for automobiles. Now all countries have a great demand for raw materials, automobiles, household appliances, motors, etc., and the Empire's exports this year have exceeded expectations. In terms of agricultural products, our tea has overwhelmed the tea in India and Sri Lanka through twenty years of industrialization operation, export license system, and brand management. In terms of cotton, the American long-length cotton we cultivated in Xinjiang has been localized. Because of the climate, our cotton quality is better than India's, and the domestic textile industry is more efficient. Now light industrial products are very popular in South America, Central Asia, Africa and even Europe."

"We have opened up the market through war this time. Although the German order has not been announced yet, the time is getting faster. This is a live advertisement. This part has always been high profits.

We have surpassed the international combined harvesters of the United States in the Empire. Now the McCormick family is preparing to jointly build a factory in the Northeast with us to bring in all the American products. We have another platform for reference. If you have the opportunity in the future, I will also eat them. In terms of construction machinery, the Empire's construction practice has accumulated the automobile industry and supported the second largest infrastructure market in the world after the United States. We are now in the lead. We are preparing to cooperate with the Germans to further expand the chain, early and evening, railways, highways, ports, logistics and warehousing, and mining machinery.

"The raven wire lights are not just patents. Now, in addition to ours, there are only the United States, Spain and Portugal. We can monopolize this business for a long time. I am also planning to do a big business of ready-to-wear exports. In short, I am not worried about exporting."

"What about domestic demand?" Xu Fan looked at him. "You should know how fast the output will grow if these investments continue. Your domestic demand cannot be viewed statically. The people in our country have always liked savings and advocated frugality. How can you make them money? It depends on your social security? Even if it is residential investment, the root cause is still the residents' consumption of residential housing. Even all other investment sources are the amount of demand power that consumption can provide. This power cannot rely on external demand, only domestic demand is the basis."

"You are right, the demand is still the domestic demand." Zheng Yu nodded. "The primary driving force for starting domestic demand is the government. Production itself creates demand, and demand will promote production.

In addition, the continuous increase in demand also requires more fair distribution... At this stage, the government must legislate the market environment through legislation, constrain improper competition, encourage innovation and efficiency improvement: on the one hand, it must improve the redistribution of social resources, start from the second step, and promote social organizations to supplement the three distributions: on the other hand, it must leverage credit through direct investment and stimulate private capital. The role of the government, at the level of direct participation, is not only a demand itself, but also a role model for demonstration, and is also the core of enhancing the long-term confidence of the people in the economy."

"In key financial and new industrial fields, on the one hand, the government should invest in and open demonstration and backbone enterprises, and on the other hand, it should leverage demand through government infrastructure planning and investment, fully mobilize bank leverage and private capital, and drive the economy from both supply and demand."

"In addition, you actually have another problem that you didn't expect."

Xu Fan looked at the student quietly.

"It's not just a social security issue, but the total labor remuneration will not always maintain this ratio. In addition to the five-year plan..., I also need to formulate a ten-year plan for per capita labor remuneration. The disposable technology of residents will double in 1915 compared to 19.05 million, reaching a level of at least 50 Huayuan yuan.

Zheng Yu said seriously, "I want the people to share the growth of the country, so that they can truly feel that life is getting better and better, so that they can get out of the insensitive incompetence of thousands of years of governance and chaos, and it is better to die well, so that they can understand that the three generations of governance in the illusory world are just a lie to let them know their destiny and respect the heaven and the ancestors. Society should have been moving forward all the time instead of always turning around in the same place, so that they know that as long as they work hard, they can live a better and better life, and that this country will be from a mi-believe in the saints and desire for the next life to a rational and rational attitude towards the present. At that time, the prosperity of the entire society will be more than the present." "Through the wage requirements and social security system of wartime economic control, the basic guarantees of workers have been established.

In the next five years, trade unions will play a greater role. The labor-management communication and coordination mechanism will be gradually improved with the direct intervention of the government. This is the best guarantee for stabilizing workers' consumption confidence. The strong external demand, the development of new regions, and the increase in government's economic confidence in the whole society will promote social investment confidence, thereby ensuring the compromise of the investors' share of workers' income." "In addition, due to the large difference between national income and overseas, we have a long-term problem of domestic prices significantly lower than the international price level. In the next stage, loose credit and the gradual welfare economic prosperity of the whole society, coupled with the rise in international food prices caused by the Russian civil war, will naturally push up domestic inflation. Coupled with the wealth effect brought by the stock market and urbanization, savings moving and consumption growth are inevitable...

"In addition, there are also the renewal and expansion of buildings caused by urbanization and rural prosperity, which will greatly increase residential consumption." Zheng Yu continued, "Current urban residential buildings are from low to high: collective dormitories provided by enterprises, public rental housing provided by the government, and high-end apartments sold normally in the market." "At present, the government provides a public rental apartment suite that can be shared with four bedrooms and one living room, regardless of the land price, and the construction cost is approximately 150 Huayuan, and the monthly rent is two Huayuan. If four households share the rent, each household will be 50 yuan.

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In the future, the government plans to increase investment in the construction of at least 2 million units per year.

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To be continued...