After three years of rapid development, the economy of the Chinese Empire has far surpassed that of Britain at its peak. All kinds of heavy industry, light industry, mining and metallurgical industry and other traditional industries have become the world's largest share, steel, machine building, steamship and locomotive production, and even the emerging petroleum smelting, rubber industry, sugar industry, all of which are growing rapidly.

Moreover, as the empire continues to recruit professional and technical personnel to the West, the industrial and technical personnel of the Chinese Empire are becoming more and more substantial, and after more than ten years of vigorous development of education, the technical personnel of various industries have trained a group, and now, it is time to harvest, a group of middle and higher education schools that have been trained since childhood and a group of students who have studied abroad have begun to become skilled craftsmen in all walks of life.

And because of the contribution of this large number of professional teams, the industrial economy of the Chinese Empire is like a wild horse that has escaped from the loose, soaring all the way out of control.

Agriculture and industry, as well as commerce and trade, have benefited society as a whole. In the words of later generations, the GDP data of the whole society has maintained a rapid growth rate of 25 or even 30 percent per year, although the growth rate has dropped a little in recent years, especially after surpassing the United Kingdom and becoming the world's largest country, the growth rate has also maintained a growth rate of more than 15%.

In terms of agriculture, because of the reclamation of a large amount of arable land, the expansion of land such as the Mekong Delta, the alluvial plain of the three rivers in Northeast China, Java and other South Sea paddy fields and plantations, as well as the vast farms of North America, coupled with the extensive use of holy fertilizer, the most important grain has almost doubled compared with the original Manchu heyday, while the population has only increased by less than 100 million people, so that the food of the entire agriculture is equivalent to more than double per capita.

In addition, under the proposal and advocacy of the Imperial Cabinet, agriculture was fully promoted a large number of cash crops, and it was no longer a simple purchase and sale of agricultural products, but was reprocessed and even turned into light industrial products.

Between the mountains, the production area of tea carries forward its advantages and improves the scale of tea production and quality; The planting of mulberry trees has made the silk industry more developed, and the planting of cotton and flax in large quantities has provided fundamental raw material guarantee for the cotton and linen textile industry. Sugar cane in the south and sugar beet in the north have provided a large number of cheap raw materials for the sugar industry, and the sugar industry of the Chinese Empire has occupied the world's main sugar market, and the cultivation of tobacco has made the tobacco of the whole world almost monopolized by the Chinese Empire.

In addition, animal husbandry, aquaculture, and the fishing of freshwater fish and marine fish gave the people of the Chinese Empire a rich source of fishery food. In particular, the mastery of the vast steppes in the north, the occupation of Kazakhstan and Mongolia, Siberia and the Australian continent gave the Chinese Empire the world's largest cattle and sheep grazing land, and the construction of railways made transportation more convenient, and the empire provided more and more meat, although fresh meat is still difficult to transport and provide over long distances, but bacon, cured meat, jerky and canned meat and other secondary processed meat products began to emerge in large quantities, so that ordinary people began to taste and have cheap meat.

In terms of industry, there have been earth-shaking changes and remarkable achievements.

In terms of mineral and metallurgical industry, the main industry is iron and steel industry and coal mining, followed by oil mining and refining and the mining of gold, silver and copper, phosphate rock, limestone and so on. The steel industry, the steel output of the Chinese Empire today has increased significantly compared with 350,000 tons of steel, 5.2 million tons of pig iron, 92 million tons of coal, and 3.2 million tons of holy oil three years ago. Last year, in 1867, the Chinese Empire's steel production, including its overseas territories, reached 1.06 million tons, 9.3 million tons of pig iron, 230 million tons of coal, and 4.8 million tons of holy oil.

At the same time, the total output of the major countries in the whole world, Britain, France, Austria, Italy, Germany, the United States of America and the Federation of America, is only 520,000 tons of steel, 8.2 million tons of pig iron, 180 million tons of coal, and only 120,000 tons of oil. Almost more than half of the major industrial wealth of this kind was created and owned by the Chinese Empire.

Other heavy industries, such as machine building, military weapons, shipbuilding, and railway construction, determined the leading position of the Chinese Empire because of the production of coal and steel.

In terms of light industry, the Chinese Empire has obvious advantages and is unbeatable. The cotton textile industry with the largest output value, after more than ten years of development, introduced machinery and technology from the West, has now become the country with the largest cotton cloth output, not only basically meeting the needs of self-sufficiency, but also exported to Europe, Africa and South America and other places, squeezing the market occupied by the British less and less, making the European textile industry dominated by Britain enter the era of depression, and many textile factory owners have gone bankrupt. On this basis, the textile industry of the Chinese Empire, with the advantages of sufficient capital, abundant and cheap labor, and a huge number of local and overseas raw material planting areas, has formed a huge synergy to make the textile output value become the world's first three years ago, and now three years later, it occupies 60% of the world.

In addition, the rest of the light industry, such as sugar, rubber, papermaking, printed books, food, traditional Chinese medicine, daily chemical and daily miscellaneous, leather, ceramics, hardware, building materials, handicraft products, etc., is an overwhelming advantage, firmly occupy the first position in the world, products in addition to the domestic, but also let the Western countries pay huge wealth every year to buy exquisite goods.

In a word, the materials of the Chinese Empire ushered in a great abundance, especially after the field army of the Chinese Empire, the Pacific Fleet, and the Indian Ocean Fleet won one after another, and the merchants and capital of the whole world were very clear about their choices, and they invested their capital in the Chinese Empire, which was developing rapidly. Take advantage of the development speed of this newly rising world's largest military and economic power, and ride this accelerated train to let your wealth grow rapidly.

In fact, it is precisely because the materials of the Chinese Empire are constantly being created, and although the gold and silver currency in circulation is also growing, the magnitude is far less than the growth of the material wealth of the whole society, and because of the development of imperial transportation, the sharp increase in industrial and commercial trade, and the more frequent transactions, which makes the available currency more and more tense, although the Chinese Empire tries to issue holy coins, but after all, the amount of precious metals such as gold and silver is limited, and the Chinese Empire implements the financial rules of the gold and silver standard, and cannot issue paper money without restrictions. More are issued in gold, silver and copper metal currency, and among them, although the supply of copper is very sufficient, the value of copper coins is too small, even if they are desperately issued, they cannot meet the monetary needs of the circulation market, and the money is becoming more and more valuable.

In order to alleviate the predicament of lack of money, the major commercial banks have made profits, thrown out preferential policies, and under the drive of commercial banks such as Industrial Bank and Nanyang Bank, the interest rate on loans and deposits in the market has been greatly increased, and the annual interest rate of loans has risen directly from the original 6.5% to 8%, and then continued to push up to 9%, and the four major state-owned banks controlled by the imperial court, such as the Industrial and Commercial Bank of China, the Imperial Bank of Communications, the Imperial Construction Bank, and the Agricultural Bank of China, can only follow up. Interest rates across the empire jumped directly by more than 10%.

The impact of the world's largest emerging economy is undoubtedly enormous. It is good to say that the interest rate of the capital invested by the Chinese Empire in the United States was much higher than 10 percent, but if it was less than 10 percent, it directly began to evacuate and return to China. Like the original batch of funds lent to the southern Confederate States of America with only 8% interest rate, now that the American Civil War has ended, and the Chinese Empire has also occupied the western region of the United States as desired, this batch of low-interest funds has been sharply withdrawn, and they have hurried back home in search of higher returns.

It has to be said that capital is profit-seeking. At the same time, the working capital of European countries, North and South America, especially those of the old European bankers, has withdrawn the funds originally invested in Europe and the Americas, and organized them into the mainland of the Chinese Empire or the empire-controlled Australia, the Hexi region of North America, or the two horse companies in South America, etc., to obtain interest rates of up to 10%.

For a time, international capital, with precious metals as the carrier, especially gold, frantically poured into the territory of the Chinese Empire.

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