"Wei Wu Wei" Measures Pass, Stocks Tumble
The laissez-faire economic reforms proposed by the Concord Party and Jien-Democrats finally passed the Grand Assembly. In response, the Dengzhou Index of high tech companies finally crashed, leaving many in the tech industry worried about the ability to stay in business. This followed recent corporate bankruptcies of numerous large businesses, forcing investors to consider eliminating large and bloated companies for leaner, more competitive small enterprises. For certain, Yingdalan companies are going to have to learn that the government is not going to come to the rescue and will support the educations of individuals who will hopefully replace them.
With the new budget, the Government now has the ability to fully implement reforms that will jump start the economy. The increase in education spending has been invested in teaching students more about business, economics, math, and science. Yingdala recognizes that knowledge economies with highly tech manufacturing are preferable to any other. The education reforms should jump-start innovation and greater technical know-how.
Advances in the science and technology budget also seek to generate new sources of economic might for the nation. Much of this money is being channeled to new forms of sustainable, high yield farming, better medicine, and an improvement in military technology. This is coupled with greater defense spending, which the Government hopes will support the defense sector. Seeing as this area is one of the few the Government must actually play a role, the Cabinet has issued orders for total naval reformulation and modernization to deal with the growth of piracy. Yingdala is, after all, a trading nation. The seas must be free for commerce.
Hopefully, with the rock bottom of economic performance coming soon, the only way for the economy to go is up.