This paper agreement is actually a bond transaction. Pen % fun % Pavilion www.biquge.info

As a belligerent in World War I, China did not receive much reparations at the Paris Peace Conference. Although they sent millions of troops and suffered hundreds of thousands of casualties, first, all the military expenses were supported by Britain and France, and second, even the Americans did not take advantage of it, let alone China.

Therefore, the total amount of reparations amounting to more than 20 million marks, China has not received a single percent!

The reparations of 2.1 billion marks were the final harvest of China's participation in World War I. The only thing to be thankful for was that, because of the heavy responsibility of intervening in the Russian Revolution, Britain and France agreed to settle the 2.1 billion marks to China at the end of 1920 when Germany paid its first reparations. In addition to this money, the 50 million pounds of intervention military spending promised by Britain, France and the United States will also be handed over to China at the same time.

That's a lot of money at over £100 million!

But China, which had already begun to attack the Soviets, was clearly unable to hold out on to the payment of reparations. Money is needed for the huge pensions for the disabled soldiers, money for the army in Russia, money for the construction of fortifications, money for emigrating, and the Chinese government, whose exports plummeted because of the end of World War I, cannot wait for this huge amount of money to arrive. In fact, if there is no John? Huntelaar's $100 million interest-free loan arrived, and the Chinese government was already bankrupt.

It was at this time that China and the Huntelaar consortium signed this agreement!

According to the content of the agreement, the Huntelaar consortium will pay the 2.1 billion marks and 50 million pounds sterling compensation for the acquisition of China at the original price, which means that the Huntelaar consortium will directly hand over the money to Chinese, and the money owed by the Germans will be directly handed over to the Huntelaar consortium......

As soon as the agreement was announced, it caused a sensation all over the world!

In the shocked eyes of countless people, the Huntelaar consortium did another unexpected thing. No one can understand why someone would be willing to buy a debt for cash, and at the original price! Even the Chinese who have received great benefits, many of them cannot understand, they only know that after this money is credited, their own crisis is temporarily over.

But......

"Mr. President, this is only temporary!"

At the time of signing the agreement, Mr. Mark, the head of the Huntelaar consortium, shook his head and said: "You have to take into account one thing, that is, with the end of the war in Europe, we will no longer buy Chinese goods on a large scale, and with the current situation in your country, there is no market for such a huge amount of industrial goods, so ......"

After listening to Mr. Mark's words, Duan Qirui's smile suddenly disappeared without a trace.

The China of this world is no longer the China of another world. With the full support of the Huntelaar consortium and the stimulation of the First World War, China's industry has developed rapidly in recent years, which can be said to have exceeded the same period in history by several times! For example, China's steel industry has increased its steel output several times in just five years, exceeding 1.5 million tons in 1919! This figure is not worth mentioning compared to the United States, but it is very impressive compared to its neighbor Japan.

But most of these products are exported.

The Chinese population is huge, but most of them are still very poor and cannot afford to consume these expensive industrial products. For example, more than one million tons of steel is a small number for the future, but it is a big number for China in this era, and the demand in all aspects is really not so much......

Duan Qirui, who has learned a lot of economic knowledge in recent years, naturally knows the hidden crisis.

If China had followed the same path as the rest of the world, the crisis would not have been so great, but the world had taken a completely different path, and the scale of industry had increased several times, and the end of the First World War would have been difficult.

"So ......"

After a slight pause, Mr. Mark said indifferently: "Mr. Huntelaar has long expected this situation, and has made a plan for your country a long time ago, Mr. President, would you be interested in hearing it......

……

New York, North America.

After reading the telegram from the Far East, John once again stood at the window of his study, lost in his recent habitual contemplation.

"China's affairs are a little difficult to handle!"

Narrowing his eyes slightly, John shook his head secretly.

According to the telegram, although Duan Qirui and the government were very interested in the plan, they had been hesitant because the amount of money needed was too large. If it is decided to implement it, it means that not only will the money obtained from the Huntelaar consortium be invested, but the government will continue to generate a large deficit every year, which is really a bit unacceptable for them who are already afraid of borrowing money!

But......

"In any case, this opportunity must be seized!"

After taking a deep breath, John clenched his fists hard.

The outbreak of the First World War not only killed tens of millions of people, but also caused a very uneven prosperity in the world economy that followed. Several major countries faced different fates after the war. Of course, the United States benefited the most, and they ushered in their own golden age by lending to Germany and spending on domestic credit; The French are also good, and they have also achieved economic growth on the basis of huge reparations and trade protectionism from the Germans; Even the defeated Germans, despite domestic turmoil, regained their position as the world's second most powerful country by renewing their industrial equipment with huge foreign debts; Of the major powers, Britain was the only country that was more miserable, its economy was in decline in the face of international competition, a large number of workers began to lose their jobs in 1921, and his small ally Japan was weak and uncompetitive, and there were one economic shock after another......

Now one of these countries must be added to China.

The industrial and financial development spawned by the war was bound to usher in a sharp decline after the loss of the largest market after the war. In fact, from the second half of 1919, this rapid decline had already begun, but under the strong intervention of the Huntelaar consortium, it did not affect the development of China, after all, China's industrial scale was still relatively small.

But this kind of thing can't go on forever.

So John had to find a way for China's development in the next few years, and as a time-traveler who didn't know much about the economy, the only thing John could think of was to increase investment in infrastructure to promote economic development. Anyway, for China now, there is no infrastructure at all, and it is the time for large-scale investment.

The money from the purchase of German debt was used just in time.

Of course, this amount of money is too small for the whole of China, because the government still has to solve all kinds of troubles, so after pondering in the study for a long time, John called the head of his finance team: "Mr. Lai Fuli, within three days, I want to know how much money I have to use now!" Please note that I mean all the funds that can be used ......"