Lijiazhuang. The telegram sent by Ma Heng paid more and more attention to the local economic problem, because it had a lot to do with the next step of the Republican Army to establish a base area.

"The situation in Hedong is like this. Most of the villages, towns and cities were looted, and the loss of people was not significant, of course. Massacres on a certain scale occurred in some villages. But because of the presence of the White Polish Army, the losses were not very large, and they were controlled to a certain extent. Jia Xu said to Shang Wu. Ma Heng is also actively conducting reconnaissance of the surrounding area. Their reconnaissance effect is still relatively large, so their situation is still relatively good.

Shang Wu was watching Ma Heng's reconnaissance report. A large number of displaced people appeared. Because of the disaster of the war, the main purpose of the Huns' visit this time was to loot property, and the population was large because of the burden. If you can, you can drive away, and there are still relatively few killings. Plus because of the absorption of the White Polish Army. There are overall massacres, but they are relatively small.

But in this way, the local economic order has completely collapsed. The establishment of base areas is in fact the rapid establishment of a new economic order.

"I'm worried about the population, the displaced people, and the construction problems, the current funding gap is still very large, relying solely on the strength of the military, it is difficult to achieve further development. I think we should mobilize the power of the banks to get into it, let the banks have a land business, and through land reversal, loans, let them build factories in the local area, and attract displaced people. At the same time, give them more opportunities to develop such things, and then the situation may be better. Shang Wu said.

"Let the bank go? Are they viable? Jia Xu said worriedly. He worries that banks will take advantage of the opportunity to make a fortune. After all, banks are opened by businessmen, and the nature of businessmen will make some problems more serious.

"You're thinking too much. I'm sure the banks will do something like this, after all, it's spring ploughing. It's best if we can recover, and the banks can do that so that we can establish a new base in the local area. Use the junta to exercise the relevant powers. And if they can handle the business of the relevant banks, they can drive the development of more industries, and we need to know that many people are actually not willing to follow Bai Bojun. What they want is a stable place and a good home. If the banks could provide some money, they would build factories and the workers would settle down. In this way, the local economy will develop. Shang Wu said.

"We first want to encourage the banks to go over there, and they will play a bigger role because our interest rates are fixed within a certain range, which is a lower interest rate. The burden is comparatively less. At the same time, the junta can provide guarantees for them to develop, so that some military products can be produced locally. Attract some of them, but most of them can be engineering needs, so that we can solve a lot of things. In fact, this is the beginning of a new order, and if we can solve such problems well, most things will be solved very well. Shang Wu said.

"Is the bank's funds sufficient?" Jia Xu took his notebook and recorded it. At the same time, ask such a question.

"Of course, it will not be sufficient, the current bank interest rate is still very high at 2.5 percent, and I decided to let the banking department reduce the interest rate. At the same time, banks are allowed to go public. In particular, commercial banks go public, and the government funds the purchase of bonds issued by banks, as well as stocks. In this way, give them the greatest financial support. How, you see? Shang Wu asked Jia Xu.

"The specific measures should also be explained to them. Of course. The most important thing is the lack of some officials, we found that some local administrative units in Hedong, such as counties. County. They were basically breached. In your words, they are anarchic. In this case, it is difficult to carry out a lot of things. This is a big problem for them. Jia Xu said worriedly.

"Then we'll create new administrative units. State. State of your choice. At first we could appoint governors, but. But the members of the parliament must be elected by themselves. This is an important step for stability, and it's also an important step for the locals to get involved. Shang Wu said. Shangwu has been pushing for the improvement of the parliamentary system.

For example, in Handan. The parliament is coming into play.

According to the Republican Army's Senate and House of Representatives elections, an average of 10,000 people elect one senator. Such proportions. In Handan, more than 60 people appeared at once. Most of them are representatives of the local economy. For example, super farmers with more than 10,000 acres of land. Although most of the money is borrowed from banks, the land is the largest. There are also factory managers, technical engineers, and businessmen. Among them, the proportion of businessmen accounts for 27 percent, which is quite high. Because once elected as a councillor, it is possible to run for mayor of Handan City. There is also the opportunity to be elected governor of another state. The status of merchants has increased dramatically. Many times businessmen are afraid to think about it.

Shangwu wanted to take this opportunity to establish relevant order in the chaotic east of the river. Because the situation here is already very telling. The local economic order has been severely disrupted, and they need a new economic order. After the establishment of the economic order, it was necessary to overthrow most of the political buildings, because his economy had undergone great changes, the status of merchants had been greatly developed, in contrast, the concept of scholars had been greatly changed, and a large number of craftsmen and technicians had joined it, and this impact was a huge impact on traditional Confucianism. Only by establishing such a new economic order can we ensure that everything continues.

"Hmm. Good. We need to get things better as soon as possible. Jia Xu nodded and said. The War Department, in fact, is evolving into a new political organization, the State Department. Or it can be called the Executive Yuan. Because of the delicate relationship between the peculiar and the orthodox emperor, the base area established by the Republican Army was equivalent to a larger local government. It can also be called a country within a state. However, nominally they are still not a state, just a local government. But Shang Wu is actively developing his economic, military potential. In order to prepare for the future statehood. In fact, Jia Xu has known about this for a long time. And he believes that the potential of the Republican Army is the largest one.

Handan. Securities trading market. The stock market began to see a wave of declines for unknown reasons. Everyone was speculating about what was going on. The first to fall was Hedong bonds. That's the new land bond.

"What the hell is going on? It actually fell. Many investors panicked. Because before, they also thought that the market was developing better. But now, there has been a decline, and it is difficult for them to explain why such a situation is in place.

"I don't care, I don't care, there is still some money to be made, once it falls, I'm afraid there will be nothing." A businessman said anxiously. Then he took a pencil and made a quick sketch, and then ran to the trading desk to trade.

"Wait, wait, it's impossible to fall, it's impossible." A businessman said. But a lot of people are selling. He felt that he was going to do the same.

As a result, there are still a lot of people who go to sell some stocks. For a while, panic continued to spread.

Outside the stock exchange. Li Li was enjoying his lunch. There is a food stall outside. They can get a manufacturing for free. And then it's set up here. The IRA will not interfere under normal circumstances. Because the IRA as a whole is in a state of encouraging commerce. They also do this for some subsistence. Of course. There is also a lot of money to be made.

Li Li is enjoying one of his pancakes. This food is delicious, and if it is paired with the right sauce, it is still better. It's a delicacy. He thought the food was still delicious.

"Something is wrong. Something big is wrong. An investment friend who Li Li had known for a long time ran out and shouted loudly.

"What's wrong?" Li Li asked after trying a bite of the pancake.

"It's falling. fell. Stocks are all down. The investment friend said very anxiously. Li Li didn't seem to react yet, he actually took another bite of the pancake.

"Come with me. What to do? As he spoke, the other party threw down the money. He took Li Li and ran away.

"Hey. Change. Looking for your money. The vendor shouted. It's a pity for people. The people have long since run out.

What Li Li saw was that the entire stock market was full of frenzied selling. The fear in the market is extremely widespread, and in such a situation, many things are actually difficult to carry out. It would be best if they could solve this situation, but the problem is that their state is not well solved.

"What should I do?" His friend asked.

"Calm down, calm down, don't panic. Such a fall, I already expected. We still have good funds in hand, you go to the bank and ask. Can you borrow? If you can, preferably. Borrow as much as you can. Li Li said.

"What?" The other party asked suspiciously. He felt that this was the time to sell. Who knows how cheap this thing is.

"We're going to buy. Buy, you know? No matter. We must not miss such an opportunity. Li Li said.

His companion's face was full of confusion.