From the Hong Kong government's arrangement for Zhou Junnian to deliver a welcome speech, Zhou Nan knew what they meant.

In order to gain more favor from Zhou Nan, they considered many details very well.

Although Zhou Junnian's family is not the richest, it is not the most famous. However, the status of the Zhou family is the highest among the Chinese in Hong Kong.

The Chow family was the first Chinese to be allowed to live on The Peak on Hong Kong Island, and although they came from a family of industry and commerce, the third generation was in politics.

He became a barrister at 14 years, a Chinese parliamentarian at 29 years, and was awarded the CBE title at 38 years, which is a British official rank higher than that of a Justice of the Peace.

What's more, he also has the surname Zhou.

Zhou Nan's speech was mainly divided into three aspects, the first aspect was to thank the Hong Kong government for its welcome, thank the Hong Kong people for their enthusiasm, and synthesize his experience of passing through Hong Kong ten years ago and this experience, expressing his ties with Hong Kong and his blessings to the Hong Kong people.

The second aspect analyzes Hong Kong's future development positioning from a personal perspective. The future development prospects of Hong Kong as an international financial center, trade center, and shipping center were taken out in advance, and everyone was encouraged to participate more in the world economy.

This, of course, is also to encourage Chinese people to participate more in "smuggling".

Thirdly, he emphasized the cooperative relationship between South China and Hong Kong, and believed that there is a very broad space for cooperation between the two sides in terms of talent exchange, industrial cooperation and trade exchanges.

At the same time, he also sent the news that Nanhua was preparing to transfer some garment processing enterprises to Hong Kong as a good thing to Hong Kong citizens.

At present, Hong Kong has more people than jobs, which is also the biggest problem in Hong Kong at present. Garment companies are an industry with a very large demand for human resources, and although the profits are not high, they can solve many labor problems for Hong Kong.

Although Nanhua was newly established, the current development focus is not on the garment industry. However, Hong Kong's abundant manpower has more basic conditions than South China.

(Zhou's speech was originally a chapter that focused on the cooperation between South China and Hong Kong.) But none of this can be written now...... Only spring and autumn penmanship. Alas, these were superb! It's time to reimagine the mastery. ）

At the dinner, sitting on Zhou Nan's right hand side was Hong Kong Governor Alexander Grantham, and on his left hand side was Chow Junnian, who is now a member of the Legislative Council and the Executive Yuan.

In addition, several major generals, Mountbatten, and the Deputy Secretary for Politics also formed the lineup of the main table.

Although Zhou's speech was in Chinese, Grantham had lived in China since he was a child. The basic requirement for other Hong Kong-based officials before taking up their posts is to be able to speak Chinese or Cantonese, so they can understand Zhou Nan's speech, even if they don't need to translate.

During the dinner, Grantham has been discussing with Zhou Nan about economic cooperation between South China and Hong Kong.

Due to the chaotic situation in the country, the current outflow of capital from Hong Kong is very serious, and there is a shortage of jobs.

If people don't have food to eat, law and order will naturally not be very good.

Grantham is very enthusiastic about Nanhua's transfer of the garment industry to Hong Kong, at least, the Hong Kong government can arrange a large number of jobs.

Moreover, Hong Kong's labor is cheaper than Nanhua, and it is closer to the origin of the fabric, so Hong Kong has a greater advantage in the garment industry.

Although the labor force in Nanhua is not higher than that in Hong Kong, Nanhua's biggest investment is to build houses for all its citizens, which is a heavy economic burden.

Under such conditions, it is natural for workers to create higher value in order to maintain economic stability.

Therefore, the garment industry, which requires a lot of labor, but can only create low added value, and can not have heavy technology accumulation, lacks long-term competitiveness of the industry, is destined not to become one of the pillar industries of Nanhua.

Grantham also asked about some of the measures taken by South China in terms of economic policy, such as the provision of housing for its citizens, which is considered absolutely unrealistic by governments and economists today.

The biggest advantage of the government's direct provision of housing is social stability, but this has caused a great negative trend in the domestic consumer market.

Chinese people, in particular, are accustomed to saving money instead of spending.

Consumption without a house will deprive the people of a huge amount of expenses, which will lead to a decrease in the circulation of money and deflation.

The government cannot drive the consumption of the people, and it will not take long for it to cause a serious currency crisis.

If the government has no money in its hands, the country's economy will be affected, and there will be no money for imports. You can't issue additional currency yet, because the additional issuance of currency will only cause the credit of the currency to decrease and depreciate sharply.

For individuals, wealth can be measured in terms of the amount of money.

However, for a country, wealth is the amount of resources controlled, a good financial environment, a smooth flow of resources, and even the accumulation of industrial technology, but it cannot be measured by money.

How to master the balance between these is the most critical factor.

For example, in Zimbabwe in later generations, they issued a trillion bills and could only buy one egg. At this time, money has lost its original function.

No matter how much money you print, you can't buy anything, it's a piece of waste paper.

Today's government is still trying in every possible way to attract money from the hands of the people to spend and increase the liquidity of money.

This is the most rudimentary way to transition from monetary policy to credit monetary policy for gold reserves.

Even the United States, the world's leading power, does not dare to decouple the dollar from gold at the moment, because it will cause a sharp depreciation of the dollar and a collapse of credit.

They didn't dare to take this step, and they didn't dare to think about it at all, let alone think of it.

The current world economic policy, or trading system, is based on the Bretton Woods system, which was established in '44. That is, on the basis of the US dollar and gold as the world's currency.

But Zhou Nan knew very well that this system had completely collapsed in less than thirty years, and the main reason was that the production of gold was far from keeping pace with the development of the world economy.

Since then, the United States has slowly groped for a new financial policy that combines gold and credit money.

The issuance of the South Chinese Dollar was based on the people's foreign exchange reserves, and the government actually had no funds in its hands.

Most of the foreign exchange reserves of the South Chinese are based on the US dollar.

The establishment of Nanhua was supported by European and American countries, and Nanhua did not have the ability to take a different path alone, which was tantamount to being directly linked to the US dollar.

However, from the very beginning of its establishment, Zhou Nan was resolutely opposed to the formation of a fixed exchange rate between the South Chinese dollar and the US dollar.

Because from the very beginning, Zhou Nan wanted Nanhua to become a parasite, lying on this system and sucking blood, but he was unwilling to take risks together.

This is also because the South China Dollar was originally built on a self-imposed credit system and a joint approach combined with the US dollar.

Because directly from scratch, there is no foundation, which means that there is no previous financial burden.

Although it is risky to directly establish a credit system, because most of the citizens of Nanhua are businessmen and have sufficient foreign exchange reserves.

Therefore, as long as the credibility of the South China government does not collapse, the current financial system will not collapse.

The most reassuring thing about building credit is not the discovery of a big gold mine in Nanhua, nor the amount of foreign exchange earned by exports, but the stability of the country.

Instead of collecting gold, it is better to use the house directly as a support for government credit.

When the people have their own houses, and with constant property, they will have perseverance, and the bottom of society will be stable.

The stability of the bottom of society will also enable the ruling class in South China, that is, the merchant class, to have a stable consumer market, stable human resources, stable export trade, and finally stable career development.

At present, Nanhua also has abundant resources, which is the foundation of all development, and it is also the basis for external credit in addition to the internal environment to be recognized by all countries in the world.

As long as rubber, oil, timber, and tin ore can be exported in a steady stream, credit will not collapse for the time being. Even other countries will help stabilize the seemingly crisis-ridden financial system.

This kind of financial policy is kidnapping, kidnapping the merchant class internally, and European and American countries externally.

As long as there is a five-year development period, Nanhua's financial system will stabilize, and the longer it lasts, the more stable it will be, and eventually form a stable credit and monetary system.

This is something that only Nanhua can do.

Because there is no history, there is no burden.

Because there is no gold, you can only seek another currency underlying.

Moreover, because most of the composition of Nanhua is international trade merchants, and the whole of Southeast Asia supplies blood to Nanhua under the bloodsucking of these merchants.

Therefore, the establishment of this kind of credit currency can barely be supported.

It's hard to do that in any other country.

Of course, back to the consumer market, although the government does not need money for houses and does not rely on houses to absorb funds in the hands of the people, it will not let these funds remain in the hands of the people.

Because there is another way for people to be willing to pay for it, and that is insurance.

Most of the world's Western countries have a welfare policy, and only Switzerland is trying to follow the path of an insurance society.

The South China government has no foundation, and certainly cannot provide any welfare measures. So, how to implement the national pension in the future?

Of course, it depends on insurance.

After the establishment of the banking supervision system, Nanhua launched the South Chinese Dollar at the same time as the establishment of the national compulsory insurance policy.

In addition to compulsory insurance, there are also voluntary insurance programs, which have more names than the insurance policies currently in place in Switzerland.

Relying on this policy, in addition to maintaining basic living expenses, the people also have the burden of insurance, as well as the burden of upgrading various industrial consumer goods, and their salaries will return to the hands of the state in a circle.

However, Zhou Nan will certainly not tell them openly and honestly that Hong Kong does not have the conditions for South China.

Between the colonial ruling class and the exploited class, where can there be credibility?

Zhou Nan will not tell them that he took the lead in establishing a credit monetary policy in order to lie on the Bretton Woods system and suck blood.

By the time the Bretton Woods system collapses in the future, the South China dollar is expected to become the second largest international currency after the dollar.

At the very least, Japan will be suppressed industrially, and the currency will replace the yen in the international arena.

(Still adjusting my thinking, strive for more exciting next chapter)