Chapter 498 The end of ninety-seven
On July 2, 1997, the Asian financial turmoil swept through Thailand, and the Thai baht depreciated. Pen ~ fun ~ pavilion www.biquge.info not long after, this storm swept through Malaysia, Singapore, Japan, South Korea, China and other places. It shattered the scene of rapid economic development in Asia. The economies of some major Asian economies have begun to slump, and the political situation in some countries has also begun to be chaotic.
In this time and space, because of the butterfly effect of the dragon government, the Federal Republic of Salween absorbed about eighty percent of the Chinese and overseas Chinese funds in Southeast Asia, causing the ability of Southeast Asian countries to resist the Asian financial turmoil to fall off a cliff. Compared with another time and space, the Asian financial turmoil in this time and space is much more ferocious.
On July 2, 1997, Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system, which triggered a financial turmoil throughout Southeast Asia.
Because of the butterfly effect of the dragon government, the exchange rate of the Thai baht against the US dollar fell by 20 percent on that day, and the foreign exchange and other financial markets were in chaos. Under the influence of the fluctuation of the Thai baht, the Philippine peso, the Indonesian rupiah, and the Malaysian ringgit have become the targets of international speculators.
In August 1997, the Malaysian government abandoned its efforts to defend its currency, the ringgit. The Singapore dollar, which has always been strong, has also taken a hit. Indonesia was the last country to be infected, but it was the hardest hit.
In late October 1997, international speculators moved to Hong Kong, an international financial center, and the spearhead was directed at Hong Kong's linked exchange rate system. At the same time, the Taiwan authorities suddenly abandoned the exchange rate of the new Taiwan dollar, and the Taiwan dollar depreciated by 5 percent in one day, increasing the pressure on the Hong Kong dollar and the Hong Kong stock market.
On October 23, 1997, Hong Kong's Hang Seng Index plummeted by 1,300 points. On the 28th, it fell by 1,700 points and fell below the 9,000-point mark.
In the face of the fierce attack of international financial speculators, the Hong Kong SAR government reiterated that it would not change the current exchange rate system, and the Hang Seng Index rose to the 10,000-point mark.
In mid-November 1997, a financial turmoil also broke out in South Korea in East Asia, and on 17 November, the exchange rate of the South Korean won against the US dollar fell to a record 1,100 to 1. On the 21st, the South Korean government had to appeal to the International Monetary Fund for help, and the crisis was temporarily controlled. But on December 13, the exchange rate of the won against the dollar fell back to 1,800 to 1. The won crisis has also hit Japan's financial sector, which has a large amount of investment in South Korea. In the second half of 197, a series of Japanese banks and securities companies went bankrupt one after another. The financial turmoil in Southeast Asia evolved into the Asian financial crisis.
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The ferocious Asian financial crisis has dealt a fatal blow to the economies of all Asian countries, but the Federal Republic of Salween, which has long been prepared, has reaped a lot of benefits, especially the Panshi Investment Group, which has hundreds of billions of dollars in its hands.
With the help of Long Zheng's foresight, Rock Investment Group unwittingly shorted the Philippine peso, Indonesian rupiah, Malaysian ringgit, Korean won and the stock markets of the four countries before the Asian financial crisis.
By shorting the currencies of the four countries and the huge profits generated by the stock markets of the four countries, by the end of '97, the net assets controlled by the Panshi Investment Group had grown rapidly from $500 billion to $1,080 billion.
Taking advantage of the turmoil in the US stock market and the fall in Boeing's stock price, Long Zheng forcefully acquired the remaining 40 percent of Boeing's shares at a premium of $80 billion and 20 percent, thus taking full control of Boeing. The net assets controlled by Panshi Investment Group have also been reduced from $1.08 trillion to $1 trillion.
When Long Zheng wholly acquired Lockheed Martin Space Systems and Boeing in his own name, and the equity of the two companies changed, the U.S. government inevitably reduced the orders of the two companies.
In order to support the development of Lockheed Martin Space Systems and Boeing, Long Zheng, who has a large amount of money in his hands, has given each two companies a huge order.
Rock Airlines, which is taking advantage of the Asian financial crisis and is accelerating its seizure of the aviation market in Asian countries, has been seriously troubled by the shortage of aircraft in the process of its expansion.
The existing 200 aircraft are far from meeting the operational needs of Rock Airlines.
With 200 Boeing 767s and 200 Boeing 777s, Panshi Airlines, which has received financial support from Longzheng, has placed the largest aircraft order in the world's aviation history with Boeing.
Among them, the Boeing 767 aircraft is a twin-engine semi-wide-body medium and long-range transport aircraft produced by Boeing, which is mainly used to compete for the market formed by the retirement of Boeing 707, DC-8, Boeing 727 and other 200-seat medium and long-range passenger aircraft in the 80s. In 1972, a plan was put forward to cooperate with Italy and Japan in the production of three long-range aircraft, which was initially named 7X7, but the plan was not realized, and then after program demonstration and market research, Boeing announced the launch of the Boeing 767 development plan in February 1978, and in July of the same year, after obtaining a confirmed order for 30 767 from United Airlines, it began to fully design and develop work, and representatives of United Airlines participated in the whole process of design, so as to better meet the requirements of users.
The Boeing 777 aircraft is currently the world's largest twin-engine wide-body passenger aircraft developed and produced by Boeing, and the development program was officially launched on October 29, 1990. The Boeing 777 aircraft was originally named 767-X, the first Boeing 777 made its first test flight on June 12, 1994, obtained the European Joint Airworthiness Certificate and the FAA Type Certificate on April 19, 1995, was approved for a 180-minute double-engine extended flight on May 30, 1995, and the first flight was delivered to the user United Airlines on May 17, 1995. Sitting between the B767-300 and B747-400 in size and range, the Boeing 777 is characterized by flexible cockpit layouts, a large range and the ability of different models to meet changing market needs.
Whether it is a Boeing 767 aircraft or a Boeing 777 aircraft, it is the most advanced civil aircraft in the world today. In particular, the Boeing 777 aircraft has no rivals in the current civil aircraft sales market.
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In addition to Boeing's Rock Airlines civil aircraft order, Lockheed Martin Space Systems also received a valuable military order from the General Command of the Armed Forces of the Federal Republic of Salween.
In terms of military and security, the Federal Republic of Salween established the General Command of the Armed Forces, and Long Zheng became the commander-in-chief of the General Command of the Armed Forces for life. The General Headquarters of the Armed Forces consists of two major organs at the same level -- the Ministry of Public Security Administration and the National Defence Force.
The Ministry of Public Security Administration has set up subordinate institutions such as the General Office, Police Inspectorate, Personnel Training, Publicity, Economic Crime Investigation, Public Security Administration, Border Control Management, Criminal Investigation, Entry and Exit Administration, Fire Protection, Guards, Public Information Network Security Supervision, Prison Management, Traffic Management, Legal System, Foreign Affairs, Equipment and Finance, Anti-Narcotics, Science and Technology, Anti-Terrorism, and Information and Communication Departments, which are respectively responsible for relevant operational work.
The Ministry of Public Security Administration consists of 11 sub-divisions, which are responsible for the public security management tasks of 11 first-level administrative regions. Long Zheng concurrently served as the head of the Public Security Management Department, and the candidates for the eleven branch ministers were appointed by Long Zheng himself.
As the security administration, the Ministry of Security Administration is responsible for all security administration in the territory of the Salween Federal Republic. The Federal Central Government of the Federal Republic of Salween and the local governments of the eleven first-level administrative regions do not have separate security administrations and departments.
The Defence Forces are the only legitimate military institution of the Federal Republic of Salween, and the Supreme Council of the Federation of Salween also stipulates that voluntary military service is practiced in the Federal Republic of Salween.
The Saarland Defense Forces, including the Navy, Army and Air Force.
During the Indo-Burmese War, the Salween Army had 180,000 troops divided into six divisions. Among them, the first division of the army, which was reconstructed and expanded from the original garrison division, with a strength of 30,000, garrisoned in the capital Salween District, and Long Zheng personally served as the division commander; The Second Division of the Army, reconstructed and expanded from another part of the original garrison division, with a strength of 30,000, garrisoned in the Rock Kingdom, and Jenny served as the division commander; The 3rd Division of the Army, which was reconstructed and expanded from the 1st Burmese Surrender Army, the 1st Kayah State Republican Army, the 1st Kayin State Republican Army, and the 1st Mon State Republican Army, with 30,000 troops, was stationed in Myitkyina, the capital of the Republic of Kachin State, with a Shan serving as the division commander; The Fourth Division of the Army, which was reconstructed and expanded from the 1st Burma Surrender Army, the 1st Wa State Republican Army, the 1st Huabang Republican Army, the 1st Shan State Republican Army, and the 1st Kayah State Republican Army, with 30,000 troops, garrisoned in the important town of the Republic of Kachin State, Bamo, with a Mon serving as the division commander; The 5th Division of the Army, formed and expanded with 1 Burma Surrender Army, 1 Burma Surrender Army, 1 Kachin State Republican Army, 1 Kayah State Republican Army, 1 Kayin State Republican Army, and 1 Mon State Republican Army, with 30,000 troops, garrisoned in Taunggyi, the capital of the Republic of Shan State, with a Karen ethnic serving as the division commander; The 6th Division of the Army was reconstructed and expanded from the 1st Kachin State Republican Army, the 1st Wa State Republican Army, the 1st Huabang Republican Army, the 1st Shan State Republican Army, the Kayah State Republican Army, and the 1st Kayin State Republican Army, with a strength of 30,000 troops. With Long Zheng's order, the number of Burmese soldiers who volunteered to participate in the Indo-Burmese War soon exceeded 30,000, which made the top echelons of the National Defense Forces, including Long Zheng, frightened. It is easier to please God than to send God, and now that he has the opportunity to send them away, at least it is also the opportunity to distinguish these Burmese officers and soldiers, Long Zheng decisively formed a Burmese division again and went to the Indo-Burmese battlefield. With the last Burmese soldier joining the Burmese division and going to the Indo-Burma battlefield, a total of 50,000 Burmese officers and soldiers volunteered to go to the Indo-Burma battlefield, and the Salween Army quickly shrank to 130,000, although the corresponding number of Burmese officers and soldiers remaining in the Wehrmath Army also fell to 40,000. These 40,000 Burmese officers and soldiers either have family members and relatives in Salween, or have no sense of belonging to Burma, or regard themselves as nationals of the Salween Federation, or are simply cowardly and afraid of death. In any case, Long Zheng knew that the 40,000 Burmese officers and soldiers left behind had no possibility of rebellion. In the name of the Burmese Volunteer Army, Long Zheng reorganized 50,000 Burmese officers and soldiers into two divisions. 50,000 Burmese officers and soldiers were thrown into the Indo-Burmese battlefield with advanced weapons provided by Long Zheng, and the Indian army, which was caught off guard, was suddenly defeated. After successive defeats, the Indian army was forced to withdraw from the coastal state of Rakhine and hold on to Chin State with all its might.
After the end of the Indo-Burmese War, 50,000 Burmese volunteers soon returned to the battle sequence of the Salween Defense Forces.
In order to further control the Wehrmacht Army, Long Zheng once again reorganized the war sequence of the Wehrmacht Army. After the reorganization, the Saarland Army has 210,000 troops, in addition to the 1st Division, 2nd Division, 3rd Division, 4th Division, 5th Division, and 6th Division, there are also 30,000 Airborne Divisions.
The Salwein Navy has two major aircraft carrier battle groups: the Kuznetsov aircraft carrier battle group and the Virat light aircraft carrier battle group.
Among them, the Virat light aircraft carrier battle group, which has one light aircraft carrier USS Virat, 12 Sea Harrier fighters, seven MK-42 antisubmarine helicopters, one light aircraft carrier, one frigate, one cruiser, two Aliberke-class missile destroyers, two attack submarines, and two supply ships, is based on Little Andaman Island. The Kuznetsov aircraft carrier battle group has one Kuznetsov, eighteen Su-33 fighters, four Su-25UTG attack aircraft, fifteen Ka-27 helicopters, two Ka-31 helicopters, one Kirov-class missile cruiser, one Glorious-class missile cruiser, one Kara-class anti-submarine cruiser, two Modern-class missile destroyers, two Dreadnought-class anti-submarine destroyers, two Krivak-class missile frigates, and two Kilo-class conventionally powered attack submarines, based in Mawlamyine.
Compared with the powerful army and navy, the air force of the Salween Defense Force is very weak, with only ten Mi-24 helicopter gunships, ten tactical drones, and ten Mi-8 multi-role helicopters. (To be continued.) )