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Text Chapter 705 Chen Shaokuan¡¯s Problem

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    As Beijing enters midsummer, the scorching sunshine shines on the glazed tiles of the Forbidden City, reflecting the golden glow and making the vermilion walls more solemn.  But this wall has trapped generations of emperors within it, preventing them from hearing the thunder and seeing the magnificence. They can only understand the country and the world from memorials.  This is sad and must not continue!  Therefore, after taking control of the country, Yang Qiu resolutely prohibited the use of royal buildings and gardens for government purposes.

    Yang Qiu was walking in the Forbidden City, which had been closed and protected for 20 years. Walking beside him were Finance Minister Xu Xiujun, Speaker of the Republic of China Hu Weide, and Deputy Speaker Wang Zhaoming.  The four of them took the opportunity of Congress's lunch break to inspect the world's largest national museum, which is about to be opened to the world. Seeing that the protection measures are very complete, Hu Weide laughed: "The newspaper just said that the museum is going to open, and then  Many people called me to ask me about the specific time, haha. It seems that the Forbidden City is still very attractive."

    "People are always curious. I used to be wary when I looked at it from a distance, but now I have the opportunity to come in without breaking the bank." Xu Xiujun also said with a smile: "Although I dare not say that the country is peaceful and the people are safe, but the national income has increased significantly in recent years, I guess  After opening, it will receive at least one million tourists every year, which will be of great benefit to Beijing's economy."

    "You, now everything is related to the economy."

    "There's nothing I can do about it. Who asked me to take care of the money bag now? There are too many places where the country spends money. If we want to catch up with Europe and the United States, the amount of funds is really too big, so now I am counting on gold bricks falling from the sky.

    "Xu Xiujun spread his hands and showed helplessness. Although it was a joke, it also revealed the real situation of the development of the Republic of China. Even though it was already the world's largest economy, it was even worse than its neighbor Japan on a per capita basis. Especially Yang Qiu  After coming to power, major projects have been launched continuously, and the accumulated fiscal deficit has reached tens of billions! Chinese people are very afraid of borrowing money. They always think that having a surplus every year is the best, but now they have spent several years at once.  All the subsequent financial income was spent. It showed how worried he was, and he always felt like a big mountain was weighing on his chest.

    Hu Weide was also well aware of the pressure on the Ministry of Finance. He looked at Yang Qiu and asked, "President, can devaluing the currency really solve such a large fiscal deficit problem?"

    Yang Qiu came to Congress today to participate in the discussion of the "Currency Reform Bill". This bill was mainly proposed in response to the bundling of gold and devalued currencies in Roosevelt's New Deal.  According to Gu Yuwen's prediction, if the RMB cannot be devalued as soon as possible, American goods will continue to flood in and impact the domestic market, so this matter cannot be delayed.  So after he told Gu Yuwen's prediction, he looked at Wang Zhaoming: "Currency depreciation is the general trend. Although our country is not a big exporter of industrial products, its export volume is also increasing year by year. Moreover, our country is currently the largest importer of industrial goods after the Soviet Union.  ¡¤In particular, although heavy industry has made great achievements, it still lacks some foundation compared with Europe and the United States, so it is more necessary to devalue and increase exports to guard against dumping and impact from the United States."

    Seeing Yang Qiu staring at him while talking, Wang Zhaoming felt nervous for no reason, secretly laughing at himself for being scared of him all these years.  But since he is an opposition party, he still has to ask clearly, saying: "We all know about protecting industry and exports. But is a 40% devaluation too much at once? Will it cause soaring prices and cause market chaos?"

    After Yang Qiu came to power, he abolished the National Development and Reform Commission, took back power, reduced government staffing, and handed over government financial supervision and budget approval powers to Congress, and arranged for Democratic Party Chairman Wang Zhaoming to serve as deputy speaker and chairman of the Congress Finance Committee.  Doing so has aroused great opposition within the national society because it will create many financial constraints for the government.  Fortunately, the National Socialist Party is currently the only one, so there will basically be no major problems in passing the budget. In the future, Yang Qiu also hopes to establish a complete financial system with supervision and control.  Of course, another purpose of proactively asking opponents to supervise their own finances is to make clear to everyone the determination that the Republic of China¡¯s state system will not change again.

    Wang Zhaoming did quite well in this position, but he was not as good as Gu Yuwen and others regarding the relationship between economy and currency, so Xu Xiujun intervened and introduced him: "Devaluation is actually the issuance of additional currency. Based on last year's output value, it is equal to an additional 136 billion yuan."  . Of course, the market will not increase so much at once, because the fiscal deficit owed in previous years must be wiped out first, and then the remaining money will slowly become circulating currency by increasing food purchase prices, increasing government projects, relaxing loans, etc.  .So what the president is most worried about now is not devaluation, but workers! Our country is different from Europe and the United States. The factory welfare system has only been established for ten years, so Congress needs to strengthen legislation to continuously adjust the minimum wage standards for workers in each province, so that money can truly circulate in the hands of the people.  Get up, don¡¯t be crushed to death.¡±

    Wang Zhaoming opened his mouth, this trick is amazing!  It is equivalent to printing a lot of money first, and then using methods to support industry and commerce, increase government investment, and raise food purchase prices and wage standards to make it flow into the hands of ordinary people.  This may seem like an average family has a lot of income, but in reality?Increasing the value of goods and devaluing the currency is actually the same, and the real beneficiaries are business and the government.  Industry and commerce can use easy loans to increase investment in the circulation process, and the government can use the extra money out of thin air to smooth out tens of billions of deficits, and also start a large number of welfare construction projects.

    After thinking about it, he smiled bitterly in his heart. Before, it was military politics, and now it is economics. When will the Democratic Party come forward?  Although Wang Zhaoming thought so in his heart, he did not dare to delay such an important currency reform bill in action. So the next day, after discussion, Congress unanimously passed the currency reform bill submitted by the Presidential Palace.

    Since Wang Zhengting was on a foreign trip, Yang Qiu personally deployed the implementation of the bill.  According to this bill, the Republic of China not only became the second country in the world to significantly devalue its currency after the United States, but also immediately increased the purchase price of grain that year, and formulated a new minimum wage for industrial workers based on the scale and speed of economic development in each province and city.  fee standard.  Finally, in order to supervise the implementation of the bill in various provinces and cities, Zhang Wenjing, Xu Xiujun and others were asked to lead the central supervision team to the provincial parliaments to explain the importance of the bill and supervise the implementation of the bill on the spot.

    Bei Zuyi also immediately took action to significantly reduce the central bank's benchmark loan interest rate and bank reserves, and promote the loan grant ratio of banks across the country.

    The promulgation of the "Currency Reform Act" poured another pot of hot oil on the already hot economy of the Republic of China. The central government in Beijing not only took this opportunity to wipe out tens of billions of deficits in one fell swoop, but also placed a large number of national orders and gradually began to increase the price of tungsten and manganese.  , copper and other raw material reserve quantities.  Although the absorption amount is far from reaching the standard of war reserves, it shows that Yang Qiu has gradually prepared under economic cover.

    Because the amount was not large, the outside world did not notice the hoarding of strategic materials, but the military was particularly sensitive to it. When they learned that the bill passed the central bank and began to spend a lot of money, the navy and army immediately quarreled, and the officers even  They have come up with expansion and replacement plans one after another.

    The purpose is simple, to increase military spending.

    The most active one is of course the navy. Although Japan has said that it will build two treaty battleships to replace the Ise class, this kind of trick can only deceive foreigners. The navy will not think that Japan will really eliminate the Ise class.  What's more, there is accurate information that the Japanese Navy will build a 460mm super battleship and 4 heavy cruisers. As a result, the gap that has just been narrowed by the delivery of all 4 Beijing-class ships has widened again, so Chen Shaokuan arrived early in the morning.  Dragging Bingwen to the presidential palace, hoping to use the relationship between Bingwen and Yang Qiu to persuade him to increase naval military spending again.

    But as soon as he entered the door, he found that Qin Zhangshu and Zhang Xiaozhun were earlier than him, and he immediately twitched his lips.  When Qin Zhangshu saw him, he even jokingly shouted: "Hey, isn't this Houfu? It's so early."

    "Commander Qin and Chief of Staff Zhang, you're early too." Chen Shaokuan didn't expect to meet these two men.  However, he also knew in his heart that the Republic of China was the country that was most affected by the June 20 Mutiny. Moreover, this time the Japanese military department was planning to expand the army and increase the number of troops stationed in North Korea and South Sakhalin Island, so Qin Zhangshu and Zhang Xiaozhun were so anxious for the first time.

    Chen Shaokuan didn't want to mention military expenditures for the time being. He looked at his watch and it was still early. So he took Bingwen and sat down face to face and asked: "Run Nong, who is this Tojo Hideki? What ability can he replace Nagata Tieshan?"

    The fact that Tojo Hideki replaced Nagata Tetsuzan as the Chief of Staff of the Japanese Army surprised everyone, because according to the establishment of the Japanese Army, the Chief of Staff was already a very high position, so everyone always believed that even if Nagata Tetsuzan died, Yuoka should be responsible for it.  People like Murura Neiji, Suzuki Teiichi or Itatasei Seishiro took over, but unexpectedly an unknown figure suddenly appeared.

    Zhang Xiaozhun had some impressions of Tojo Hideki and said: "Intelligence said that Tojo Hideki and Okamura Neiji and others were very close. Nagata Tetsuzan spoke highly of him. Even the president used to ask people to pay special attention to this.  people."

    "Oh? The president has taken care of him?" When Chen Shaokuan was thinking secretly, Bingwen sitting next to him also took note of this person and asked: "Chief of Staff, what about Nagata Tieshan?"

    "Hirohito now just wants to imitate Meiji in politics. Nagata Tetsuzan was seriously injured this time, so he made an excuse to send him to the East Timorese garrison commander. He also said that the environment there is better and more suitable for recuperation."

    "False benevolence and righteousness!" Bingwen snorted in his heart.

    Chen Shaokuan did not want to mention military expenditures for the time being, but Qin Zhangshu did not let him go and said with a smile: "Houfu, isn't your naval tonnage already full? Do you want to follow Japan's example of withdrawing from the treaty? If you don't withdraw, where will you come from?  Continue to build ships according to the tonnage?" Knowing that he was reminding himself that the navy should not grab too much military spending, Chen Shaokuan did not fight back, but instead showed a trace of embarrassment on his face.  Because the Navy really can't come up with much to deal with Japan's shipbuilding plan this time, unless it really withdraws from the treaty.

    what can we do about it?
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