Chapter 118 Currency Reform(1/2)
,
The return of the spn Kunming to the southwest is the thing that Zhang Shusheng has been most focused on in the past few years, apart from the war with Britain and France. In order to break the zero record and establish a de facto navy, he is almost trying to sell everything.
For the Kunming and for the official formation of the navy, he made too many preparations for the rainy day. First, he secretly arranged to seize the Jiangnan Shipyard, which had relatively mature conditions in all aspects, and then in the name of a Westerner, an American registered in Hong Kong
The company purchased important spare parts from capitalists in the United States and imported them back like a mouse moving to build this "new general-purpose seagoing ship" named above.
The subsequent construction of the Horseshoe Bay Naval Base also provided the necessary space for the final outfitting of the Kunming. In just half a year, the first truly medium-sized aircraft carrier in the Southwest will join the Navy in active service. The Horseshoe Bay Base will also become
In the long term, the Southwest Government's most important shipbuilding base, the manufacturing of warships and submarines, will develop step by step after successive large-scale investments.
Unlike the Army and Air Force, the Navy can produce an airplane or a tank by just running a production line, which requires nothing more than money and skilled workers, supplemented by well-trained soldiers. But for the Navy, the construction period alone is just as long as the aircraft and tank.
It is difficult to achieve, and as a combat weapon in the inevitable period of global arms deployment in the future, the navy is an indispensable link. Only offensive global sea power can ensure the progress of the war and the division of benefits after the war.
have enough say.
Although the Kunming suffers from a disadvantage in terms of displacement, it is completely different from the design concept of large battleships such as traditional battleships, with a new upper deck configuration, new landing auxiliary equipment, and even small and medium-sized steam turbines for propeller fighters under development.
Launchers, these new technologies that do not seem to be ultra-high-tech, have made the Kunming's combat effectiveness skyrocketing. After the formation of the army, a destroyer with the Kunming aircraft carrier as the core and dual anti-submarine and air defense missions will even be used in the future.
An aircraft carrier battle group with light cruisers as escorts, and a submarine carrier with a small number of submarines, will have a perfect performance when facing a Western aircraft carrier group of the same size.[
Fortunately, it was the construction of aircraft carriers. Aircraft carriers during this period seemed to be difficult to build, but when there were detailed drawings, design ideas, and enough skilled workers, they were relatively easier to build than battleships. Only those battleships that easily weighed tens of thousands of tons were the most powerful.
Complex.
It all looks great, except for one thing: money!
Southwest is really out of money!!!
When Zhang Shusheng received this news from the new Finance Minister Liu Dengke, he almost jumped up. How could there be no money?
I have worked hard in the past ten years, but I have not wasted my time. The Huize Industrial Center, the emerging Kunming Industrial Belt and the Guilin Industrial Belt have all been my key construction goals in these years. Of course, these modern factories and enterprises are indeed very promising.
, high-tech factories represented by high-end precision instruments, high-end automobiles, mid-to-high-end consumer electronics, small home appliances, advanced modern pharmaceutical factories, and modern daily chemical products; modern daily chemical products, mechanical processing, instrument manufacturing, and bicycles
Medium-tech factories, represented by motorcycle manufacturing, and general industries represented by clothing, cigarettes, food, and beverages, have all contributed a lot of wealth to the southwest.
This does not include the hidden profits handed over by Pan American Kenshi International and Pan Eurasian Trading Company, the heavy taxes imposed by Shusheng Company in extraordinary times, and the dividends from Xinhe Industrial and Lushi Industrial. Zhang Shusheng was all caught up in the Southwest "Government".
It can even be said that without these huge profits, Zhang Shusheng would never be able to arm the modern armed forces, which include one Guards Division, three elite divisions, eight garrison divisions, as well as reserve and police forces. Let alone engage in rural reform.
Land reform, education reform.
"...In terms of product competitiveness and profit margin, most of our products are extremely competitive even if they are exported to Europe and the United States. We are a de facto seller's market. Even for this reason, several foreign
The government intervened in the tariff incident. We later took many roundabout measures, which greatly reduced the concerns of trading countries.
The main problem currently is that there is a huge gap in industrial scale compared with developed countries in Europe and the United States. Let me give you an example: several advanced drugs represented by penicillin have always been our flagship products. However, they were previously located in Dongchuan
The output of pharmaceutical factories in the region has been difficult to meet global demand. In many countries, one pill is even more expensive than gold. Similar situations also exist in the automotive industry, home appliances and other industries.
problem. However, this problem will be fundamentally improved after the Kunming Industrial Belt and Guilin Industrial Belt complete the Southwest "Government's" third five-year plan.
In other industries, many of our products have become internationally high-end. Let me give you two examples: high-end clothing and daily chemicals, clothing designed by Huize's old clothing factories, new fabrics, and eye-catching design styles.
It will almost always become a "trend" in Europe and the United States. The most docked ships outside Fangcheng Port are not to pull cars and medicines, but to transport clothing and daily chemicals. They are really popular.
For example, daily chemicals, for example, a new model was released half a year ago. Before European and American countries could imitate this range of daily chemicals, the next generation of products with a new look came on the market.
Overall, we are only involved in some of the most profitable industries in the world, but compared to other countries, they are extremely profitable."
As the Minister of Finance, the 30-year-old Liu Dengke is under unprecedented pressure. He is the most aware of the financial tensions in Southwest China. Facing the Supreme Minister Zhang Shusheng, the Prime Minister Sun Changqing and the Deputy General Manager of Shusheng Company Sun Laixi, he can only speak bluntly.
It goes without saying that if a solution is not found, many investment plans in southwest China will be greatly affected.
Zhang Shusheng frowned. It can be said that this is the first time in twelve years that he has encountered a time when he has no money. In the past, his family had a small business and it was enough to move here and there to make ends meet. But now it is better. It is often short of a million or even
Ten million, and it is still measured in silver dollars.
"Exactly how difficult our financial situation has become, Dengke, please tell me." Normally, Sun Changqing is in charge of these matters, but Sun Changqing is not a professional economic talent after all. He only asked Zhang Shu to survive when he could no longer persist.
Think of a way. I have to say that Liu Dengke is indeed a talent, one of the few modern economic talents in the country. Even the German economics professors at Southwest University praised him and called him a master of macroeconomics.
"Let me talk about the revenue part first. Because our southwest has abolished a total of 163 types of exorbitant taxes and miscellaneous taxes in various places, and has not collected taxes from farmers. Therefore, in layman's terms, our current taxes are mainly tariffs, industrial taxes and commercial taxes.
, as well as personal income tax for high-income groups, etc. Although the three provinces of Yunnan, Guizhou and Guangxi are very large, the annual gross national product according to preliminary statistics in 1926 also reached 126.6 billion, which is roughly equivalent to one-tenth of the total GDP of Britain and France during the same period.
one
, the gp growth rate has also reached a historic 21. However, this gp value is only suitable for reference. First of all, we have only occupied the three southwestern provinces for a few years, and the impact of the huge agricultural scale here is very big, unlike
Britain, France, etc.
After 10 years of accumulation of industrial scale in China, based on the land of three provinces, in 1926, our total tax revenue was 29.6 billion yuan. And the additional revenue paid including Shusheng Company was 1.3 billion yuan. Our total revenue was
42.6 billion.
Expenditure part:
The total military expenditure was 08.4 billion! It was about one percent of the level of the British and French countries during the same period.
In 1926, investment in science and technology and industrial construction totaled 2.6 billion, including five small and medium-sized oil fields and supporting refineries, 127 large, medium and small mines, and a total of 215 large, medium and small factories with various direct investments, and various scientific research units.
65.
Regarding rural issues, the main input is seeds and fertilizers. Although the method of turning over public grains to compensate for the price of seeds and fertilizers was adopted, the actual special agricultural subsidies in the three provinces in 1926 reached 02.4 billion.[
The other two major investments are public utilities. In addition to medical and health services, the Kunming-Huizhou Highway, Kunming-Guizhou Highway, Guiyang-Guangzhou Highway are currently under construction, as well as the Kunming-Fangfang Railway, a key project of the third five-year construction plan, and hydropower stations in various places.
The laying of transmission lines in key cities, etc., only the installments in 1926
The investment reached 06.2 billion. In terms of education, because we adopt a six-year compulsory education and a 16-year free education, in education, including the construction of school buildings, subsidized student meals, teacher salaries, equipment procurement, etc., a total of 1926
The expenditure was 05.6 billion. There were also other expenditures of 02.4 billion.
All expenditures total 5.1 billion!!"
"Expenditures are more than revenues. Doesn't that mean that our government's finances are bankrupt?" Zhang Shusheng does not know much about economics. As a ruler, he only needs to manage people, but he did not expect to spend so much money.
.
"Shu Sheng, the missing part is all your own money." Sun Changqing interjected next to him.
Over the years, whether it was Sun Changqing or Sun Laixi who was in charge of Shusheng Company, they only needed to give Zhang Shusheng an extremely complicated financial statistics table every year. After Zhang Shusheng got it, he would not calculate it item by item at all, but would only hand it to Dreams
Just let him do the calculations for a clever little kid. All he has to do is pick out the mistakes and check for omissions and fill in the gaps. After having a considerable amount of wealth, he rarely cares about how much wealth he has.
According to his instructions, the profits of Shusheng Company, a super large group, will be stored in gold every July. Twelve years have passed, especially in the past few years, relying on the three provinces, Shusheng Company has developed extremely rapidly.
increase
With nearly 100 various large, medium and small subsidiaries, the net profit in 1926 had reached a staggering 2.5 billion. Zhang Shusheng didn’t know how much money he had now, so he exchanged it for gold and put it in Shusheng Company’s strategy
In the reserve.
Speaking of which, Shusheng Company's business ranges from various luxury goods, medicines, automobiles, daily necessities to home appliances and machinery. This profit is very normal. Especially in recent years, relying on the three provinces
Advantages, development is even more rapid. Zhang Shusheng armed with high technology
After 12 years of hard work, modern industry began to burst out with fierce sparks. It is expected that net profits will reach 300 million in 1928. Although there is still room for improvement compared to the giant trust companies in the West, in China, it is already well-deserved
A behemoth modern conglomerate.
It can be said that unknowingly, through the operations of several Western trading companies controlled by Zhang Shusheng, almost the entire West has begun to purchase Southwest products, with endless designs, novel styles, ease of use, etc.
Etc., Southwest’s products may not necessarily be the most sophisticated, but they must be the most attractive to consumers. In 1927, Fangcheng Port expanded the port for the third time, and unknowingly, it became one of the busiest ports in Asia.
trend.
With this Shusheng Company's strategic reserves, plus the secret reserves of Pan American Ken's International and Pan Eurasian Trading Company, Zhang Shusheng's 100% controlled capital has reached the level of a stealth capital king after 12 years.
high.
Although Zhang Shusheng had other uses for this terrifyingly huge strategic reserve, it did not mean that he was reluctant to spend it.
Therefore, whenever Liu Dengke said that he had no money, Zhang Shusheng would use a stroke of his pen, and Sun Laixi would take away a huge payment amount from Shusheng Company from Zhang Shusheng. A large amount of money would go in a circle from Zhang Shusheng's private pocket.
Southwest "Government". It's not that Zhang Shu is reluctant to leave.
He had to invest all the income of Shusheng Company, but thinking of the upcoming world financial crisis, he had to prepare enough gold reserves like moving ants, and he could not use them at will. The construction of Southwest is indeed short of money, but it does not mean that
It needs to be thrown in with restraint.
For example, during the construction of water conservancy projects in various places, the "government" adopted the method of mobilizing farmers to work and contribute. It was originally a project to benefit farmers. Farmers themselves were involved in the project, and the enthusiasm for the construction was extremely high. Countless reservoirs, small hydropower stations, and flood control along the river
This is how the project was constructed by saving money. At the same time, for example, the renovation of dilapidated houses in rural areas
The "government" always contributes a small amount of money, and then organizes the whole village to work together. Every household helps, burning bricks and tiles by themselves, building their own buildings, cutting wood by themselves, and building beams by themselves. Quite a few.
Because of the "government's" encouraging investment, people moved from huts to bright earth-tile houses or brick houses.
Various investments are necessary, and Zhang Shusheng knows this very well.
For example, if the military does not invest a large amount of money, how can we make aircraft? It seems that a fighter jet costs less than 100,000, but building hundreds of them would cost tens of millions. Tanks are not expensive, but those equipped with Guards divisions and main divisions
Nearly two hundred tanks alone cost tens of millions, and the number of guns, medicine, cannons, etc. was even more numerous.
It is inevitable to invest heavily in science and technology. Although Zhang Shusheng can come up with ready-made technologies, but to convert them into practical technologies, dozens of categories of scientific research institutes must be established every year. The same goes for factory construction, the third
In the Five-Year Plan, the focus of the Southwest is to strengthen the foundation of heavy industry. Just imagine, it is already so far behind the West. If we don’t invest even this small amount of money, the heavy industry in Southwest will never be able to get ahead. Let alone hundreds of millions, it will take a few more
Billions of dollars are spent every year.
To be continued...