No one doubts Contini's determination to "rebuild the Italian heavy industry system in 10 years", and no one doubts that Italy will not be able to achieve this goal, because from 1922 to the present, Italian industry, especially heavy industry production, has maintained a momentum of rapid development, economists have done statistics, the average compound growth rate of 5 years is as high as 11%, and in 1928, due to a large number of projects put into production, the speed is faster, and it is expected to achieve 12.5%, thus further increasing the 6-year average compound growth rate. Although 1922 was a year of relatively low industrial output in Italy, and some of the factors involved in restorative growth, there was also a growing optimism in the economic community, given the growing share of the Coalition in the later period.

If Italy is measured by a growth rate of 12%, it can be doubled in only 6 years, even if it only maintains a growth rate of 10%, it can be guaranteed to double in 8 years.

Steel production: 4.53 million tons in France in 1922, 5.98 million tons in Britain, 980,000 tons in Italy, by 1927, France increased to 8.35 million tons, Britain 9.24 million tons, although they are all substantial increases, but Italy's growth is obviously more, reaching 2.19 million tons, and this year can exceed 2.5 million.

Aluminum output: 7,000 tons in France in 1922, 7,000 tons in Britain, and only 800 tons in Italy, but in 1927, France increased to 25,000 tons, Britain only increased to 10,000 tons, and Italy had nearly 16,000 tons.

Crude oil production: In 1922, France and Italy were basically zero, and Britain relied on Iranian crude oil to have more than 4 million tons, but by 1927, Italy directly increased to more than 6 million tons, France also had more than 2 million tons, and Britain was only more than 5 million, less than 6 million, and everyone knew that most of France's more than 2 million tons were obtained because Italy mined Algerian crude oil;

Power generation: 7.3 million kWh in France in 1922, 9.27 million kWh in Britain, 4.54 million kWh in Italy, half to double more than Italy in Britain and France, but by 1927, Italy's power generation increased to 12.07 million kWh, France was 12.58 million kWh, Britain was 14.5 million kWh, Italy almost equaled, this year Italy has 2 more power plants in operation, 1928 statistics can certainly see Italy surpass Britain and France in terms of power generation.

Another example is the production of automobiles, in 1922 France was 75,000, Britain was 90,000, and Italy was less than 20,000, Britain and France had a 3-4 times advantage over Italy, but in 1927, France and Britain increased production to 190,000 and 210,000 respectively, but Italy also exceeded 120,000, France is only half more than Italy, and Britain is less than twice that of Italy.

Of course, the gap has widened in some places, such as the coal industry, Britain and France have achieved at least 50% growth, and Italy has not only not grown but has decreased slightly - this is caused by changes in the energy structure; Another example is the timber processing industry, Britain and France have doubled, but Italy has only grown by less than 20%, the reason is that Italy has no colonies to extract timber in large quantities, all timber is produced in Italy, and there are so many forests, the United Group has to limit the scale of mining in order to protect the green, Italy has to build a large number of timber, what to do? Widely imported, the British and French colonies, the Balkans, Eastern Europe and even the Soviet Union supplied Italy with timber.

It is worth mentioning that almost all the sleepers used in the newly laid railways in Italy were imported from the Soviet Union, and the Soviets relied on this sleeper after sleeper to exchange the Ansaldo naval guns from the Italians, in exchange for the technical drawings of the Caracciolo class, in exchange for the Fiat car factory, which established factories in the Soviet Union to produce trucks and cars, in addition to the large number of wooden furniture in the decoration of the new house was also made of Soviet birch, cedar and other boards.

Another example is the mining industry, there are no minerals in Italy, but the stone is very good, so almost all the bauxite, alum, chromium, tungsten, tin, lead, and copper used by the United Group are imported from abroad, the Soviet Union and Turkey provide a part, and Britain and France also provide a considerable amount - this spillover effect in turn has increased the advantage of Britain and France over Italy, but there are no mines, and nothing can be done. Fortunately, now with Jiangxi tungsten mine, a large source, scrap steel can be exchanged for materials from the Far East.

Although Italy's advantages in some areas are very obvious, but because they have not been publicized for a long time, they seem to be very low-key, such as the civil aviation industry, whether it is the total number of airports, route mileage and even the number of civil aircraft in Italy is the sum of Britain and France, United Airlines is the world's first large aviation enterprise with more than 1,000 aircraft, of which there are more than 200 aircraft that are performing civil aviation tasks, which is almost the same as other companies. But the other 800 planes are the power of the Second Air Force: the floating airfield aviation unit set up by the president has more than 270 aircraft, nearly 200 are carrier-based, and more than 70 are seaplanes; The Desert Patrol in Libya and Algeria has more than 300 aircraft; The domestic black paratroopers and aviation clubs took over the remaining aircraft, and in terms of the number of planes, they were almost on par with the nascent Italian Air Force, and tied for fourth place in the world air force - the top three were the United States, Britain, and France, and if the two air forces were combined, Italy could rank second in the world.

Even in the most fashionable field of naval aviation, in the face of the aircraft carrier system that has been built by the United States, Britain and Japan, United Aviation is not lagging behind, the newly commissioned F2 fighter has a 450 hp air-cooled engine, the main structure uses hard aluminum alloy, and the maximum speed exceeds 275 km / h. Carrying 2 12.7mm machine guns, both speed and firepower, are the most top-notch among the mainstream powers, Japan's carrier-based fighters are not even at the level of F1, just introduced and ready to take back production, after 2 years they will realize that the 3-layer deck of the Akagi is a king-size chicken rib, and the A2 attack aircraft that has just been tested on the ship, although it is hung with the name of a special postal aircraft, is the first torpedo attack aircraft that flies at a speed of more than 200 km / h, It is capable of carrying a torpedo weighing 800 kg to attack, which is comparable to the T2D and T3M of the US Navy.

Unlike these countries, which need to go through a complicated process of demonstration, budgeting, allocation, and bidding, United Aviation does not need to go through such a complicated and cumbersome procedure at all, as long as Contini says a word, the plane can be directly done - so that there is an advantage in overtaking in corners, and even the Germans have secretly trained more than 60 naval aviation in the process.

Behind the superiority of the air force is the superiority of the aviation industry and the engine industry, although this is not completely clear to the outside world, it does not mean that it does not exist.

The outside world understands that the president is bent on bringing heavy industry up, as for Italy's traditional advantages of light industry, he doesn't care, and he doesn't think it should be managed: Italy's fashion industry should be full of flowers, competing for beauty, and needs different cultural heritage and artistic style support. Therefore, Contini is very tolerant of these smoke-free industries in China, as long as he supports the leader and approves of fascism, he will help and support him as much as possible, just like the elite of the United Group has designated certain Italian fashion brands, which has strengthened the power of fashion.

Of course, Contini is not not involved at all, after all, the United Group also has relatively heavy consumer industries such as motorcycles, radios, household appliances, etc., and relatively high-tech civilian industries such as PVC pipes, aluminum alloys, and telecommunications, and is also preparing to enter the fields of chemical fiber and textile raw materials, but this is only a spillover from other industries, not to replace domestic development.

Economists agree with this idea: in the past, although Italy's total industrial output value ranked at the bottom of the powers, but there were many, but the structure was unreasonable, too much soft, too little hard, too much light, too little heavy, after the emergence of the United Group, it improved Italy's soft and hard structure, optimized the proportion of light and heavy, and also created a good space for light industry through the improvement of infrastructure: perfect transportation and popularization of electricity have brought about the multi-point flowering of light industry layout, new residences, new urban areas, The construction of the new commercial belt has brought about an increase in the demand for light industry, a steady increase in wages, a gradual reduction in the unemployment rate and an expansion of people's consumption potential, and the export of the United Group has also driven the sales of light industrial products - no matter what European and American countries think of Italy's political system, at least no one denies the delicacy and fashion of Italian products, and Italy is far superior to the Soviet Union in this regard.

After Contini shouted the slogan of "rebuilding an Italian industrial system in 10 years", the public opinion and economic circles did not think that he was bragging but thought that he was more conservative, and these drummers immediately became a water army on the stock market, especially every time the United Group held a press conference, it would always give reporters a little exquisite gift: sometimes it was an Italian silk scarf, sometimes it was an Italian style lighter, sometimes it was a full set of United Food, and the new product tasting gift box also brought a few small resin toys, which are rare things on the market. This gave them a great influence on the generous United Group, applauding the president's vision, applauding the prosperity of Italy, and applauding the large American equipment companies that were able to obtain orders from Italian industry – a win-win situation for both countries in the United States! It is a model of great power relations in the new era!

Although the investment community does not know how Contini intends to repay the current 3 billion plus 2.4 billion US dollar loans, it does not prevent them from blowing up the market value and stock price, and Contini's view that "the Dow Jones index 300 points is the starting point of a new round of bull market" was vigorously advocated by them, conservatively seeing 400 points, optimistic about 500 points, and the stock commentators who are not shocking and dying, "In another 10 years, the Dow Jones will rise above 1,000 points, and another round of the big bull market in the United States is not an unattainable dream!" ”