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Text Chapter 642 Starting to burn money

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    ps: Sorry, I have a cold, fever, and dizziness, so I will transition to a chapter today.

    Nagata Tieshan was right, Yang Qiu is very busy now.

    The sudden stop of imports of all goods except resources caused a chain reaction internationally. The first was the diplomatic pressure from Britain, France and the United States.  Secondly, due to the sudden closure of the Chinese market, which is the most promising country, and the frantic withdrawal of investment from all parts of the world by the United States, Britain and France, which were originally in better condition, began to be affected, and Japan and Germany, which were most controlled by the US dollar, fell into a bankruptcy frenzy.

    While countries are putting pressure on China to expand exports, they are also taking active self-rescue actions to try to keep the crisis out.

    On the third day after Li Yuanhong signed the presidential decree, the United Kingdom announced that it would stop importing 57 products from China in retaliation. However, the list excluded aviation, silk, tungsten ore, tung oil and other commodities. The former was because countries wanted to understand China's mysterious aviation manufacturing capabilities.  , the latter is a strategic material that Europe lacks and dare not stop importing easily.  In addition, the British government also announced that it would stop all silver and gold transactions, ban the export of gold and silver, cancel the gold standard, and raise tariffs to the highest level in history.

    This approach of the United Kingdom was a bad start for the world's trade barriers. Soon after, France began to implement similar policies. The two countries used their huge colonies as a backing to try to avoid the crisis. At the same time, the two countries also increased their exports to the Soviet Union.  Strength, snatching the already scarce world trade resources, this result directly led to the collapse of Japan and Germany, which have small markets!

    By February 1930, the economic crisis was irreversible.  Everyone can only watch their country's economy decline.  In just over half a year, US$50 billion evaporated from the U.S. stock market, two-thirds of the country's families became impoverished overnight, tens of thousands of companies declared bankruptcy, and the unemployed population soared to 6.5 million!  Other countries are also having a hard time, with 3.7 million unemployed people in Germany, 2 million in France, and 1.3 million in the United Kingdom.  Japan has 1.13 million, Italy has 1.1 million, and China has 650,000.

    Although everyone is nervous about the first unemployment and economic crisis.  Because they had never experienced it before, Yang Qiu firmly took advantage of the crisis to implement industrial reforms and sold off state-owned factories in non-important fields.  Even if it results in unemployment.

    By the end of January 1930, the Presidential Office, Prime Minister Office, Parliament and central departments of the Republic of China had moved to Beijing, and the city of Beijing, which had been deserted for 19 years, was once again noisy.  The institutions of various countries in China also relocated soon after, and Nanjing was handed back to the Jiangsu government. As for the original central industries, except for those with commemorative value, the rest were auctioned and sold to raise funds.

    The new presidential palace is several times larger than Nanjing. The elegant oriental garden style made Li Yuanhong, who was being criticized by the whole country, feel a little more comfortable.  The boiler heat was sent to the second floor through pipes, making the small study as warm as spring. The three top leaders of the Republic of China sat around the stove.  Wang Zhengting was also sitting next to him with documents in his arms. The fact that he was sitting here speaks volumes.

    Even Li Yuanhong glanced at him.  Then he turned around and said: "Chen Hua, I heard that the American Ambassador has visited your house seven or eight times this month alone. He didn't curse, did he?"

    "hehe"

    As soon as he finished speaking, Hu Weide couldn't help laughing.  The United States is undoubtedly the most anxious after the ban on imported goods, so Nelson Johnson has come to "visit" several times this month alone.  And the intervals are shorter each time.  However, Yang Qiu has kept his mouth shut and his attitude is ambiguous, which makes the United States even more anxious.

    Yang Qiu disagreed, picked up the tea cup and blew: "He is anxious about his things, I will do mine, we are not philanthropic boys. The economic crisis is already hopeless. According to the current situation, it will not be possible to recover in three to five years, and this hole will be ignored  We couldn¡¯t fill it even if we wanted to.¡±

    At first, everyone still had doubts about Yang Qiu¡¯s prediction, but today they realized that he was actually in control.  Facing such people, it is really hard to think of any confrontation, because they don't know if they have the same idea, the army will arrive at their doorstep tomorrow.  Li Yuanhong has been president for 15 years with this mentality, and his term will end in more than three months. Even if the whole country is pointing the finger of economic crisis at the presidential palace, he has no intention of doing anything.  There was only one thing he wanted to know: "Chen Hua, what are you going to do next?"

    As of today, the previous layout has been very clear, so Yang Qiu said readily: "The more anxious the United States is, the more it needs us. As long as they don't do anything excessive, they will support it. I am prepared to spend 2 billion US dollars."  The order was exchanged for Hoover to support the establishment of the Saudi family. The money was mainly used to purchase building materials, factories and refining equipment from the United States. The rest was used to purchase advanced equipment, metal materials and patented technologies that we cannot usually buy. As long as we  By joining hands with the United States to support the establishment of Saudi Arabia, Britain and France will not have much choice.¡±

    Hu Weide nodded. At this time, an order of US$2 billion is enough to knock on the door of the US Congress.  The temptation to support the Saudi family in establishing a state, to provide loans from China, and to purchase all American goods was simply irresistible to Hoover, who was in urgent need of employment.  Even if Britain and France know the mostEven if the relationship is deteriorating, we will not choose to use force at this time.  After all, wars between major powers cannot be started simply by fighting. Both sides must consider the gains and losses.

    "I have roughly calculated that after the launch of the Saudi nation-building plan, it will also be of great benefit to our country's shipping, construction materials, oil refining and other industries. If the Saudi family can be set as a model, Arabia and the Persian Gulf will not be exclusive to the UK in the future.  Forget it, if this wedge is struck we will completely enter the game of competing in the world!" Yang Qiu's gentle voice could not cover up the excitement of Hu Weide and others.  Just 19 years!  From a backward semi-colonial country to officially participating in the world competition!  What a turning point this is.

    Li Yuanhong, who was born in Beiyang, once had a sweet dream of crossing the seven seas when he was young, but he didn't wake up from the dream until the disastrous defeat of the Sino-Japanese War.  Now that I see that Yang Qiu has realized his dream in less than twenty years and actively participated in world competitions, I can't help but sigh.  Then he returned to the topic and continued to ask: "At home, what are Chen Hua going to do?"

    Yang Qiu looked at Wang Zhengting, who took out Yan Xishan's statistical table: "This is a report from several departments of industry, commerce and finance." After handing the report to Hu Weide, he continued: "From the report, there is no obvious improvement in my country's economy. Changes, this wave of crisis is mainly caused by the lack of confidence in the external environment, interruption of foreign trade, and large-scale layoffs by American investors. In addition, the reform of the country's withdrawal from the country and the advancement of the people is also the main reason. After many factories were sold, they began to lay off overstaffed personnel, and increased The iron rice bowl in their hands has been shattered, and many workers have begun to worry about losing their jobs, tightening their belts and reducing consumption, resulting in a decline in purchasing power."

    Speaking of this wave of privatization, Li Yuanhong still had no explanation and asked: "Chen Hua, I have always wondered, wouldn't it be good to continue to remain state-owned? Why did you sell so many factories at once? Now outside  Everyone says that Li is a traitor who resells state-owned assets."

    "Haha It's really a sin for the teacher to take the blame for me. Yang Qiu is here to offer tea instead of wine to thank you." Yang Qiu picked up the teacup and drank it. He looked at the aggrieved Li Yuanhong and slowly put down the teacup.  While speaking, he gently turned the mouth of the cup with his finger: "In the first 15 years, domestic private industrial and commercial capital was small, and there were very few people across the country who dared to spend millions to invest, so they had no choice but to replace it with state-owned enterprises. Take cement as an example.  In the past 15 years, the state has built 117 cement plants, of which only 37 are privately owned. Most of the national cement market has been squeezed out by the state. Everyone only sees that the state is rich and jobs are stable, but they do not see that the private sector has increased its share due to market suppression.  The market is getting smaller and smaller, and the less money you make, the less money you make. If you have less money, no one is willing to continue to invest! The situation is not serious now, but in the long run, private capital will be cannibalized bit by bit, and eventually it will be  "

    ¡°Another Soviet Union?¡±

    As soon as Wang Zhengting blurted out, Yang Qiu nodded solemnly: "When the country was first built and was in ruins, nationalization was a good medicine, but the medicine was poisonous and would leave a lot of trouble over time. This reform is to squeeze out the accumulated savings.  After 15 years of poisoning and promoting market-oriented economic development, the country will only need to control railways, electricity, education, energy and other major industries related to the national economy and people's livelihood in the future."

    "It makes sense. The state is not a businessman. It is better to leave the rest to the businessmen themselves when it comes to important matters that affect people's lives." Hu Weide chuckled: "By the way, are you prepared to use the money from the sale of the state-owned factories this time?  Recover the equity of European and American investments?¡±

    Yang Qiu nodded: "Yan Xishan told me that so far, 3.5 billion has been recovered from the sale of the factory, and at least 8 billion will be recovered by the end of the year! Now the United States is eager to get 4.2 billion U.S. dollars of investment back to the country, and there is a tail left in the contract that year. They are sure  It¡¯s more urgent than us. I estimate that it will only cost 2 billion yuan at most to recover it all. With the remaining money, I plan to expand the scale of infrastructure construction and add the most basic projects such as education, roads, and electricity.¡±

    "Then you don't need so much." Li Yuanhong calculated and found that he actually had a balance of 6 billion, and began to think about how to spend the money.

    Yang Qiu frowned uncharacteristically and shook his head vigorously: "Not enough! Far from enough! Starting from this year, some major scientific research projects will be gradually launched. These projects are very expensive. If I calculate correctly, at least 1 billion people must be invested every year.  Yuan is enough." Not to mention Li Yuanhong, Hu Weide and Wang Zhengting were both shocked.  You know, it only costs 50,000 yuan to build one kilometer of railway now. One billion means 200,000 kilometers of railway every year!  What project costs so much money?

    "Nuclear energy, electronics, basic materials" Yang Qiu counted them one by one in his mind, but did not give any explanation.  Because the three people don't understand, let alone those who have never been in contact with them, how many people in the powerful European and American countries can understand it at this time?  Nuclear bomb research alone will consume at least half of the country's current power generation!  This means that in order to start, the power generation capacity must be doubled on the existing basis.  There are also large graphite plants, heavy water plants, and German gas centrifuges that I don¡¯t know if they can be obtained, which are much faster than burning money directly.

    He stood up and stretched, looking at the clear sky outside.??Xiaoxiao: "The weather is nice today. Teacher, are you interested in going to the military parade with me?".
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