Reborn as a Noble’s Son
Chapter 1031 - Chapter 1031 Chapter 987 Secretary Nies Principles

Chapter 1031: Chapter 987 Secretary Nie’s Principles Chapter 1031: Chapter 987 Secretary Nie’s Principles After years of leadership experience, it isn’t hard to discern from Nie Zhenbang’s resume that from the very start, he was almost exclusively in party and government leadership positions. The role he held for the longest time and devoted most of his efforts to was within the governmental system. Nie Zhenbang’s reputation for economic management also emerged from this.

The once-famous Liangxi development, and later on, the Bashu Speed–these all represented Nie Zhenbang’s glorious achievements in the field of economic construction.

When it came to state-owned enterprise reform, an issue Nie Zhenbang had encountered numerous times throughout his governing career, he was quite familiar with it, even having served as the chairman of Huaxia Group.

State-owned enterprise reform, this term, signifies trouble, and even petitions; being hard to please everyone is fully exemplified in this aspect.

Generally, as state-owned enterprises, most of them have existed since the founding of the nation. The first major issue these enterprises face is the burden of a large retired workforce, which is a primary factor dragging down state-owned enterprises.

Additionally, the prevalent practice of job inheritance in the last century–where a position is passed from father to son, and then to grandson, like a hereditary system–often means that in many enterprises, most of the parents are workers and many of their children take over their parents’ positions to continue as workers. Consequently, it’s hard to estimate how skilled the workforce is. This group is also the main force behind current layoffs.

Lastly, a difficult issue for state-owned enterprises lies in disciplinary inspection and supervision. State-owned enterprises are unlike party and government bodies; the oversight over them is not as stringent, leading to corruption within their power structures and the decadence of their leadership tiers. Many state-owned enterprises have not been crushed by the market, but rather hollowed out from within by their own leaders.

The main contradictions in the restructuring of state-owned enterprises are centered around the loss of state-owned assets and the reallocation of laid-off workers, among other issues.

With these thoughts, Nie Zhenbang looked at He Yusheng beside him and couldn’t help but admire his astuteness. Undoubtedly, at this moment, He Yusheng’s raising of this issue was a stroke of genius.

One couldn’t deny that He Yusheng had thoroughly researched the perfect timing and the political study. He Yusheng understood clearly that as the Travel Expo’s preparation work began, and with Secretary Nie’s support, Wen Baogui would certainly use this opportunity to establish his prestige within the provincial government, leaving He Yusheng with no chance to counterbalance it.

Now, by bringing up the restructuring issue of Hongcheng Machinery Factory, if he could earn Secretary Nie’s approval, He Yusheng could likewise borrow influence; to the other provincial leaders, it would appear that Secretary Nie is impartial, with Governor Wen responsible for the Travel Expo and Vice Governor He for enterprise reform–merely a division of labor.

Although Nie Zhenbang saw through He Yusheng’s ulterior motives, he had no intention of voicing them. As a superior, sometimes you engage in tactics of balance, what was known in ancient times as the arts of the emperor.

Looking at He Yusheng, Nie Zhenbang spoke slowly, “The restructuring of Hongcheng Machinery Factory? I remember that Xiao Hong’s parents work there. Wasn’t it said that the factory had been transferred to Hongcheng city’s control, becoming a city-managed state-owned enterprise? How come it has made a round and now it’s back under provincial control again?”

Nie Zhenbang’s words left He Yusheng somewhat stunned. The fact that Secretary Nie knew about Hongcheng Machinery Factory’s situation completely exceeded He Yusheng’s expectations. How had he not uncovered this information beforehand?

However, for He Yusheng, there was still not much to worry about. After all, he had come prepared, but the upcoming report would have to be completely truthful and realistic.

He Yusheng paused, then nodded and said, “Secretary Nie, you’re right. Hongcheng Machinery Factory was indeed transferred from the provincial State-owned Assets Supervision and Administration Commission to the Hongcheng State-owned Assets Supervision and Administration Commission two years ago. However, at that time, Comrade Yao Dingguo, the Secretary of the Hongcheng City Municipal Committee, did not approve of this matter. The handover procedures were never completed, and currently, in terms of organizational structure, Hongcheng Machinery Factory is still under the jurisdiction of the provincial State-owned Assets Supervision and Administration Commission, but in terms of actual operation, it belongs to the Hongcheng State-owned Assets Supervision and Administration Commission. This has created the current awkward situation, where the city of Hongcheng doesn’t want this burden, yet the province believes it has already been transferred to the city. This issue has been left hanging all this time. Now, with Hongcheng Machinery Factory running at a loss year after year, the city no longer wants to manage it, and without financial support, the factory is like a child who has lost its mother. Its condition is deteriorating by the day, and if this goes on, I’m afraid it is bound to cause major disturbances.”

Hearing He Yusheng’s words, Nie Zhenbang needed no time to think; he could easily guess the situation. Hongcheng Machinery Factory must have been deliberately handled by He Yusheng in this way, intending to shift this burden to Yao Dingguo. Unfortunately, Yao Dingguo was also wary and accepted it in name but not in reality. This led to the current predicament of Hongcheng Machinery Factory.

Nie Zhenbang pondered for a moment and then nodded, “Hm, it’s time for restructuring.”

Nie Zhenbang was very clear about this: since Hongcheng Machinery Factory was not bankrupt, this meant the factory workers were having a hard time. They couldn’t receive their wages and had nothing to do. If this dragged on year after year, it might lead to major incidents when the workers protested. Indeed, it couldn’t be delayed any further.

After some thought, Nie Zhenbang looked at He Yusheng and asked, “Old He, on your end, do you have any leads regarding the restructuring? What exactly is the plan–renovation, overall transfer, sale, or some other approach? Do we have a specific plan in place?”

He Yusheng nodded, “Secretary, that’s exactly what I wanted to report to you. The province has convened several coordination meetings with the comrades from the Hongcheng City Municipal Committee, and we have come up with a set of plans. Overall, technological renovation is no longer meaningful. Currently, we are considering introducing investment to transfer Hongcheng Machinery Factory as a whole. We have already had several discussions and negotiations with Dongying Ling San Heavy Industries, and we have reached a preliminary agreement on the price, but there is a significant disagreement regarding the arrangement of the employees. Ling San’s stance is that they will not accept any of the workers.”

Upon hearing this, Nie Zhenbang’s brow immediately furrowed. Refusing all workers meant that it would be a bare-bones acquisition. Without a second thought, Nie Zhenbang immediately said, “Isn’t that nonsensical? What did you guys say?”

Nie Zhenbang’s tone had already clearly conveyed his thoughts, and upon hearing this, He Yusheng naturally knew how to respond.

“Our suggestion is that the issue of retired workers will be handled by the province and Hongcheng City. A portion of the funds from the sale will be used to pay for the retirees’ medical insurance and social security, transferring their social security relationship from the factory to the social security center, ensuring that all retired workers’ wages are properly settled. This would allow Hongcheng Machinery Factory to enter the fray with less burden. As for the current employees, they could be assessed by Ling San, with the option for competition for positions. For those who are not qualified, we will sever their employment based on years of service and provide resettlement for laid-off workers. However, Ling San insists on not accepting any workers, and in addition, they are demanding a complete tax waiver for five years, a fifty percent reduction for another five years, and that Hongcheng City Municipal Committee allocate a portion of industrial land at the most favorable prices to Ling San. Taking all these conditions together, it is impossible to agree, so the negotiations have been at a stalemate.”

The more Nie Zhenbang listened, the angrier he became. Nie Zhenbang didn’t have a high opinion of the Dongying people to begin with, which had nothing to do with being a nationalist. But now, the conditions proposed by Ling San were simply excessive.

This kind of situation was not uncommon in the country. Nie Zhenbang was very aware that in many places within the country, in the one-sided pursuit of political achievements through investment, inviting world-renowned enterprises like Ling San would be considered a political achievement. To illustrate with the simplest example, given two enterprises where one is an international giant and the other a domestic private company with the same level of investment–perhaps the domestic enterprise may even generate higher benefits–most locales would choose the international giant because the brand itself was a gimmick and a halo.

This led to the government’s attitude emboldening these international giants to be demanding, always seeking policies. The Dongying people were undoubtedly most skilled at this. From their perspective, their investment was essentially bestowing a halo of attracting foreign capital on the government, for which the officials ought to be grateful. Giving more preferential policies wouldn’t harm the official’s interests, so what’s there to hesitate about? Thus, Ling San was so aggressive in their demands.

Looking at Ling San’s conditions, it was clear that once they took over the factory and land of Hongcheng Machinery Factory, they would definitely sell it off and possibly even make a profit.

Considering this, Nie Zhenbang’s face turned solemn, and with a serious expression, he looked at He Yusheng and said, “Old He, regarding the conditions put forward by Ling San, my stance is to disregard them. My principle is to treat everyone fairly, regardless of whether the capital is domestic or foreign. In terms of tax policy, we must follow our standards, at most, three years of exemption followed by two years at half. Additionally, strict regulations must be in place for the resettlement of workers. Otherwise, we would prefer not to cooperate with Ling San. You will personally oversee this matter and conduct thorough research, taking into consideration the opinions of the representatives of the workers of Hongcheng Machinery Factory. When appropriate, we can hold an on-site working meeting at the factory, and I can make a trip there. The overarching principle is that we cannot, in pursuit of investment, compromise the interests of the country and the well-being of the people. When it comes to this major issue, there is no room for negotiation.” (To be continued. If you enjoy this work, you are welcome to vote for it with recommendation tickets and monthly tickets on . Your support is my greatest motivation.)

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