Crazy Entertainment System

Chapter 513 Taking Action

"Alright, let's not talk about this anymore. I've finished what I needed to say, and I won't disturb your work any longer, otherwise some people will start criticizing me!" Chen Yu smiled lightly, stood up, and took his leave.

"What are you saying! But then again, I will consider your question carefully and give you an answer as soon as possible," the old man said softly. Chen Yu's words touched a nerve; he knew that some things had reached a point where they had to be done.

The impact is simply too great, and we cannot and dare not make a decision lightly.

But the pressure from Chen Yu's words made him realize that it was time to make a decision.

"Yes, I gave Si Kun 72 hours!" Chen Yu said with a light smile.

The old man frowned. There was a hidden meaning in those words. Giving Si Kun 72 hours was a way of telling him that he had also given him 72 hours.

"This guy!" The old man couldn't help but smile bitterly, feeling that his official position was now serving Chen Yu.

After seeing Chen Yu off, the old man immediately held a conference call.

The teleconference lasted for 20 hours. The following evening at 8 PM, dozens of leaders continued the meeting.

This meeting lasted for more than 20 hours.

The atmosphere in the capital was tense, with everyone speculating about what had happened.

Otherwise, the meeting wouldn't have lasted so long, nor would it have included such a large-scale recollection. Everyone left with a blank expression.

Six hours after leaving.

A red-headed document from the central government was issued.

Everyone was stunned when they saw the official document. They hadn't expected it to be related to a project.

Moreover, the scale and scope of this action are simply unbelievable.

To support this plan, numerous special task forces were established, and official media outlets such as Xinhua News Agency were authorized to report extensively on it.

The old man held the list and information given to him by Chen Yu.

They directly identified the suspects, and one by one, the big tigers were brought down, and one by one, the construction companies and real estate companies were put under investigation.

The shoddy construction projects have also been exposed. Seeing the massive number of such projects and the shoddy workmanship, everyone is disheartened. How could such projects have been built?

The accountability process has been fully launched, and arrests are being made on all fronts, including those who have retired or immigrated abroad.

For those who flee abroad, issue a red notice.

At this moment, China once again finds itself at the forefront of global attention.

Countless media outlets around the world are shocked by the sheer number of substandard construction projects, while simultaneously admiring the official's boldness in this instance.

They also began reporting on it and called on their own countries' authorities to review the project.

In just one week, thousands of construction companies went bankrupt, and tens of thousands of people were arrested and their funds seized.

Seeing these figures, the old man and the others were shocked.

Chen Yu's 20 trillion is no joke.

Meanwhile, all personnel involved in the official engineering quality inspection department were arrested.

There is no upper or lower limit.

All of this was met with cheers and shouts of "Long live!" from the entire nation.

A week after a comprehensive review, the authorities held a press conference to formally announce that Xuzhou had become a special administrative region under the central government.

This news shocked the world. Zhou Xu's big move had long been noticed by those who were interested. However, in the middle of last year, Zhou Xu began to clean up some polluting companies and shell companies one after another.

The number of land sales by colleagues also began to decrease, and land sales were suspended in September of last year.

Suddenly, real estate speculators from all over the country flocked to Xuzhou with cash, ready to buy properties. However, they discovered that real estate transactions in Xuzhou had been halted a week earlier, and strict enforcement was in place. Those caught not only faced confiscation of all their money but also imprisonment.

But money can be a powerful motivator. Overnight, housing prices in Xuzhou jumped from around 2000-4000 yuan per square meter to 2-4 yuan per square meter! This tempted real estate companies. That's a tenfold profit!

So they started secretly selling the house.

However, they had already been targeted and were caught red-handed during the transaction.

They made direct arrests, seized the real estate company's assets, froze all funds and assets, and confiscated all transaction funds. There was absolutely no room for negotiation.

In just one day, 80% of the real estate companies in Xuzhou were seized, and of the remaining 20%, 80% received warnings of varying degrees and were stripped of their land purchase rights for one to five years.

What's most ruthless about the official action is that this disqualification doesn't just apply to this one company, but to all the subsidiaries and companies invested in by this company. Anyone involved in these companies is disqualified from purchasing.

A series of swift and forceful measures caught all real estate companies off guard; none of them expected the authorities to act so decisively and ruthlessly!

The housing prices in Xuzhou returned to normal after three days.

And people's lives have returned to normal.

At the same time, no building materials company, real estate company, or construction company in China dared to cut corners and produce shoddy projects anymore, and those that were still working on projects took remedial measures.

Once the project begins, there's no turning back; what awaits them is imprisonment.

Meanwhile, all those involved in the 7% substandard construction of the future city core were arrested, and none were spared.

The authorities acted swiftly and decisively, seizing fines and accounts receivable, and compensating Chen Yu according to certain breach of contract regulations.

Some intelligent people realized that the root of all these problems likely lay in the future urban development of Zhouxu, which in turn lay with Chen Yu.

These builders never dared to have any more crooked thoughts; it was a bloody lesson. Several of them were executed without probation.

This was a stark warning, one they will never forget.

At this moment, the old man and Chen Yu were sitting together.

"You weren't disappointed this time, were you?!" the old man said with a smile.

"You weren't disappointed, were you?! 20 trillion is more than enough. Shouldn't we use one-third of that for infrastructure development in Xuzhou?" Chen Yu laughed.

Upon hearing this, the old man almost picked up the teacup on the table and smashed it.

One-third and one-half remain.

I thought it was a Chinese cabbage!

Whether it's one-third or one-half, it's still an astronomical figure.

"I said we're building a special economic zone, it wouldn't be right if we didn't spend some money, would it? I'm just an ordinary citizen, and I'm investing trillions of US dollars. No matter how tight the government's finances are, they can't be less than that, right?!" Chen Yu said with a light smile.

"Don't try to provoke me, I'm not buying it. It's your business to invest trillions, but our country's annual fiscal revenue is only six or seven trillion. Don't even think about taking out a year's worth of fiscal revenue to build up Zhouxu!" the old man said irritably.