Time flew by, and in a flash into 1914, the arms race was still in full swing, and countries were vying to be the first to make dumplings.

There is no doubt that the British Empire will still come out on top, with its powerful shipbuilding industry to stabilize the rest of the world.

The Germans who followed closely behind did not give in too much, setting a record of launching 100 warships in a year, which amazed the whole world!

Against the backdrop of the arms race, the news that Bulgaria had completed the "Third Five-Year Plan" was covered up. Ferdinand, who has always been low-key, naturally has no intention of making a big noise, and making a fortune in a muffled voice is the king.

Of course, this is impossible, the eyes of ordinary people are attracted, but politicians from various countries still show concern, but that's all!

Many people are still waiting to see the joke of Bulgaria, if it is just to increase industrial capacity, the British Empire can surpass Germany and the United States at any time as long as it wants, the question is what to do with the industrial products produced?

The problem of overproduction has been seriously plaguing the United States and Germany for a long time, and if a new economic crisis is not handled well, a new round of economic crisis will erupt.

Fortunately, Ferdinand suppressed the development of the financial industry, otherwise the Bulgarian stock exchange market would have gone crazy by now.

However, the price paid is also serious, in terms of economic aggregate, due to the lack of stock market, by the end of 1913, Bulgaria was only on par with the Italians, you must know that the current Italy can only be regarded as half of Italy, and the economic gap between the north and the south is huge!

According to the predictions of economists, if Bulgaria opens up its financial market, then the country's economic aggregate will immediately develop by leaps and bounds, and it is not a dream to double its fiscal revenue within three years, and surpassing Austria-Hungary is just around the corner.

And then there is no then, the bubble economic aggregate, although it can increase fiscal revenue, but also facilitate sheep shearing, but it cannot increase the war potential!

Besides, Ferdinand still wanted to blow up the population? In his opinion, the dividends brought by Bulgaria's economic development are far more reliable than the consumption of a group of rich people in the ethereal stock market!

By the end of 1913, Bulgaria's annual steel production had reached 3,486,000 tons, rounding off the target of 3,500,000 tons.

Compared with steel production, coal production has developed by leaps and bounds. With the development of the economy, the demand for coal is also increasing day by day, and where there is demand, there is a motivation for mining.

Kosovo has become the largest coal-producing base in Bulgaria, and in 1913 the coal output in Kosovo alone exceeded more than 16 million tons, and the national coal output exceeded 33 million tons!

Not to mention the production of ships, the targets set were low, and in addition to the Black Sea route and the Mediterranean route, ocean shipping Bulgaria is still rarely involved, and it can basically be satisfied for its own use.

By the end of 1913, the total tonnage of Bulgarian ships had suddenly increased to 820,000 tons, of which a quarter was the tonnage of warships.

……

Of course, none of these figures can be compared with the top powers, but Bulgaria is not without its advantageous industries, at least in the production of automobiles and aircraft, it is at the forefront of the world.

If Ferdinand had been a little thick-skinned, he could have declared Bulgaria the world's number one air power! Whether it is the performance or number of aircraft, as well as the number of pilots and crew members, it is temporarily ranked first in the world!

As for how long this advantage can be maintained, no one can know, anyway, as soon as a world war breaks out, all kinds of military technology will explode!

However, Ferdinand is still very confident that the development of any technology is inseparable from talent. Since aircraft are just getting started, and the development of aircraft technology is mostly driven by hobbyists, with the exception of Bulgaria, almost no government funding is available in all countries.

Against this backdrop, Ferdinand naturally wielded his hoe and poached people all over the world. Without sufficient reserves of professional and technical personnel, it is difficult to promote the development of aircraft technology!

……

While Ferdinand was celebrating the successful completion of the "Third Five-Year Plan", a shocking news came.

"Your Majesty, we are in trouble, since the first half of this year, most of our enterprises have a backlog of products, and if it continues, the economic crisis may break out!" Economy Secretary Nicolas Cage said worriedly

"What's going on? Is it all industries, or are they just a few industries? Ferdinand asked with concern

Economy Secretary Nicolas Cage thought for a moment and said: "There is more or less overcapacity in almost all industries, especially in the field of light industry, and the product backlog is even more serious!" ”

Ferdinand was shocked, it stands to reason that we have moved a large number of Greeks to Syria, and we have imported a large number of laborers in Russia, coupled with our rapidly growing population, we should be able to consume a large number of light industrial products, how can the problem be more serious than light industry?

Ferdinand continued, "Have you found out why?" Is the market shrinking, or is our capacity increasing? ”

Nicolas Cage explained: "Your Majesty, the main thing is that our production capacity has increased, and although the local market has also expanded, this rate is far less than the growth rate of our industrial capacity!"

In addition, after the situation in Russia stabilized, their industry began to recover and began to seize our market, but this is not the main factor!

What's more, a large number of German goods have recently appeared on the markets of various European countries, and the Germans have also lowered their prices, estimating that even their production costs are not enough, and this batch of cheap goods has robbed us of the market in the European region. ”

The word "dumping" suddenly came to Ferdinand's mind, and it never lingered anymore, and it was clear that the Germans were not having a good time now!

Bulgaria is a big copycat country, its products are known for being cheap, and its products still have a place in European countries, and now that the prices of German goods have also dropped, the impact on Bulgarian industrial and commercial products is naturally greater.

Heavy industry is less affected, mainly because Bulgaria's current exports are dominated by light industry, and most of the products in the field of heavy industry are self-produced and sold, except for the machinery produced in small quantities, which can be sold to the Russians.

The rest of the products such as steel and coal are consumed by themselves, ships cannot be sold at all except for the domestic market and foreign markets, poor countries cannot afford them, and countries that can afford them can produce them themselves, and they don't need them at all!

Ferdinand asked cautiously: "Is this situation only happening to us, or is it happening in other countries?" ”

Nicolas Cage said without hesitation: "This time all European countries should not be spared, and no one can be immune to the foreign dumping of the Germans!" ”

Ferdinand sighed slightly, and after hesitating repeatedly, he said fiercely: "The Ministry of Foreign Affairs will contact Britain, France, and Russia, and everyone will work together to raise the tariff on imported German goods!" ”

"Your Majesty, it is not difficult to raise the tariffs on the Germans, but it is likely to lead to unforeseen consequences!" Foreign Minister Metev said hesitantly

The dumping by the Germans will certainly harm the interests of the capitalists of various countries, and it is not difficult to push for a restrictive bill, but the consequences of doing so are very serious!

It is clear that now the German economy has problems, and if even overseas markets are lost, the German business community will have only one way to go, to support Wilhelm II to break the current world order!

It is known that it is known, but the actions of the Germans have already affected the interests of Bulgaria, and Ferdinand had to intervene.

In his opinion, the world war is going to break out anyway, one day earlier and one day later, and this effect is not very big for Bulgaria!

"So, now that we can prepare for war, the Germans have no choice!" Ferdinand said lightly

The world market is so big in total, if you take one more, naturally I can only take one less. With the rise of Bulgaria, naturally it also got a share, and this one happened to be the last straw that broke the camel's back!