Pengcheng of Chu State. Vertex M. The new capital of the fastest updated Chu State. However, compared with other cities in the Central Plains, especially cities like Xinzheng and Handan, Pengcheng looks a little shabby. After all, they are cities in the traditional sense, and in recent years they have not developed or improved urban construction. Pengcheng looks more like a country town than a metropolis. This made the minus feel very dissatisfied.

After South Korea's Xinzheng proposed a new Jimo plan to build a million urban population, the Chu side also issued a plan for Pengcheng with a population of one million. However, the document was pressed in Fan Zeng's hands and was not sent. The reason is, lack of money.

"In addition to the establishment of the First Naval Fleet by the Xiang family. In the middle and lower reaches of the long line, the Second Naval Fleet was formed. And in the eastern coastal area of Xuzhou, it even demanded the establishment of a third naval fleet. Although their composition is mainly pirates, however, the king has already given them the number and establishment, that is, they can become the army of our navy, but in this way, the military expenses will be very high, plus, urban infrastructure, and various subsequent development costs. Fiscal funds are unusually tight. Chen Ping said worriedly.

"The 500,000 gold provided by the Qin government is simply pediatric in the face of huge numbers." Chen Ping said to Fan Zeng.

"How much does it cost?" Fan Zeng asked directly.

"A minimum of 7.5 million gold is needed to maintain the current situation, and the subsequent costs may be even more. Much scary. Chen Ping said. This part of the expenditure is mainly military expenditure, the Chu army has an extremely large army size, the size of the army has one million people, although the water is very large, but the cost of this million army is unavoidable, in addition, there are the three major fleets of the newly established navy, don't look at the initial size of the navy is only less than 100,000 people, but the scale of his expenses is almost the same as the army. The cost of a large number of warships far exceeds the cost of weapons purchased by the army. The army is too large, and defense spending exceeds the overall budget. This made it impossible for the newly formed Chu government to raise funds to expand in other areas. And this part of the cost will affect the policy of the Chu State for a long time. The king of Chu meant that he didn't want to cut more troops, and the tax revenue was at the lowest level in the country's history, which completely left Fan Zeng with no choice. Military spending exceeds the entire budget. Such a government is inactive and unlikely to make much change.

"In the case of taxation, the major nobles have actively paid taxes, but this part of the funds, the total sum is only two million two million gold, plus these funds have to be left to the local state government for construction, this part of the funds is calculated, and the amount in hand is only one million gold, which is all our income." Chen Ping said.

"In addition, we need interest on bonds every year. About half a million gold, this. Chen Ping said with great embarrassment.

"We're basically still insolvent." Fan Zeng said.

"Yes. Mr. Prime Minister. If we continue like this, it will be difficult for the government to sustain itself, and we must come up with a solution that can solve all the problems once and for all, otherwise the consequences will be very serious if we continue like this. Zhang Mao on the side said. His new finance minister, he is from South Korea, studied in Qin, and studied asset management. Because of his professional opponents, Fan Zeng was hired as the Minister of Finance in the Cabinet.

"Do you have any solutions?" Fan Zeng asked.

"In addition, there is one more thing, the Qin side sent a telegram, let's think about what our advantages are? I think that the Qin side may have something in the next Xianyang Economic Summit, after all, the only one who can have a large amount of funds is the Qin State Bank. Think of a way. Fan Zeng said.

"My idea is to revitalize our assets, we have a large number of assets in our hands that cannot be disguised, they are fixed and illiquid, if we can use these assets as equity capital, set up a bank, or a business, I think, as long as there is an injection of liquidity, they can be disguised." Zhang Mao said.

"In addition, they are all actively entering the market now, and I think this can be done in this regard." Zhang Mao said.

"Hmm." Chen Ping nodded, feeling that what he said made very sense.

"Tell me, what you think. Like, wait, etc. Fan Zeng waved his hand.

"I mean, for example, the state government, you can set up a bank for the state government. On the one hand, it is necessary to solve the problem of capital introduction, and on the other hand, it is necessary to introduce funds to revitalize the fixed assets in their hands. In addition, there are enterprises, all kinds of trading enterprises, and we need to open up a large number of overseas colonies, sell our goods, and dump them into other countries, so that a lot of wealth can be concentrated in our hands. It's not just going to increase taxes. On the other hand, it can also make them rich. Zhang Mao said.

"But the most important point, I analyzed it. It is believed that the greatest bad assets are in the army, that is, the army is a department, or organization, that consumes only a lot of money and does not generate value. Zhang Mao thought about it and analyzed.

"Hehe, we can't disband the army either. If this is done, the state of Chu will have no national defense. Fan Zeng said with a helpless smile.

"No, no. Mr. Prime Minister, I don't mean that, that's what I think. Zhang Mao said.

"Treat the army as a bad asset, or let our army be a mercenary army, let them break it down and use a part of it for protection trade, or use the way of state cooperation, the way of cooperation between the state and individual trading companies, on the one hand to obtain benefits for the trading companies, on the other hand, we can let the trading companies feed the army in a way of settlement, so that our government does not have to do this. After all, military spending is too great, and the army is the biggest bad asset for the entire new government. We have to deal with it, otherwise, we have 99% of our 100 profitable projects, but we have huge losses because of one. Zhang Mao said.

Fan Zeng and Chen Ping looked at each other. Zhang Mao looked at the relationship between the two people in puzzlement, or Zhang Mao himself is Korean, and he looked at the problem from the perspective of asset management, which allowed him to see the crux of the whole problem from an outsider's perspective. And this key is just said in the key positions of Fan Zeng and Chen Ping, the army, which is the biggest non-performing asset of Chu State. This bad asset has caused huge losses, and Chu must solve this problem, otherwise, he will really be dragged to death. This is a situation that the state of Chu does not want to see.