Chapter 253: Strategic Resource Reserves

The pollution of rare earth refineries is very large, such factories will naturally not be placed in China, and the annual demand for rare earths is not large, so it is better to set up factories abroad.

Rare earth refining in Rashid Arabia can transfer pollution abroad.

In fact, compared with the competition for iron ore, coal and oil, rare earth resources are not so tragic, and the demand for rare earth itself is not too high.

Although it is known as industrial vitamins or industrial gold, there are still many rare earth resources.

At this time, China is buying cheap rare earths all over the world, not because it can use so much, but now the price of rare earths is indeed very low, and the main producing countries are Brazil, India and the United States.

Brazil's traditional exporter of rare earths is mainly to Germany, while India is currently the largest exporter of rare earths, and the United States also exports rare earths.

Since the price is so low, it is natural to buy more and come in.

The market is volatile, and those things that are bound to be used will definitely appreciate in value if you buy a little more when the price is very low.

The appreciation of rare earths will be a very long process.

First of all, we must consume the rare earth resources of other countries, turn their advantages into disadvantages, and then sell them back at a high price.

In other words, a country is rich in rare earth resources, so China's rare earth prices are pushed down, and then a large number of purchases are made.

When the country's rare earth resources are almost mined, and their advantage becomes a disadvantage, then China will sell back the rare earths bought cheaply from them at a high price.

Compared with rare earths, iron ore, oil, coal is like the difference between the main ingredient and monosodium glutamate, the amount of monosodium glutamate is small, but it must be used to make delicious dishes.

Originally, according to the normal amount, the world's rare earths can be used by all countries for a long time, but if a country frantically buys rare earths and concentrates rare earth resources in its own hands, then the result will naturally form a monopoly.

This is a long-term process, and at this time, China's main rare earth mining country is the United States, at this time the price of rare earth is not high, and the United States rare earth export tariffs are not high, so the future focus of rare earth mining is mainly in the United States.

The United States is the second country in the world in terms of rare earth reserves, while China is the world's first country in terms of reserves.

But China's rare earth resources are mothballed.

If you control resources, you will control the lifeblood of the world economy, which is the main direction of China's development at present.

The Chinese Imperial Political Axe also had a system of going to court, but there was no need to bow down, and a large pilgrimage was held once a week, and a small pilgrimage was held from time to time.

Due to the visit of the Arab Kingdom of Rashid, Xia Jun felt the need to re-discuss the issue of resource reserves, and the imperial government also gave a policy.

Soon Xia Jun convened an internal court to discuss the issue of strategic resource reserves.

Xia Jun put forward the concept of strategic mineral resources at the internal strategic meeting, and the strategic mineral resources are coking coal, rare earth metals, tungsten, tin, antimony, molybdenum, indium and other 21 strategic mineral resources, which are included in the main competition direction of China's resource competition in the world in the future.

Strategic economic resources are coal, oil, iron ore, copper ore and other 11 kinds of industrial minerals and energy, which are also key areas of competition in the future, but also key areas of reserves.

The relevant person in charge of the East China Group also attended the meeting and reported on the resource reserves of the East China Group.

"Since last year, East China Group has invested a total of 500 million yuan in low-cost energy and mineral reserves, including 100 million barrels of oil stored in arched mines in Fujian, Jiangxi and Zhejiang provinces, as well as nearly 8 million tons of iron ore...... "The person in charge of the resource reserves of the East China Group made a report on the resource reserves of the East China Group, "This year, the Resources Reserve Department of the East China Group decided to increase mineral mining in Hunan, in order to expect to increase the oil storage capacity of 200 million barrels by using the arch mines......"

"What is our financial situation now?" Xia Jun asked Finance Minister Xu Shuguo, who hurriedly got up and reported: "In the first three quarters, we collected a total of 9.6 billion yuan in various taxes, and in October, we collected 1.1 billion yuan in taxes, and collected a total of 10.7 billion Fuxing coins. This year's tax revenue is expected to exceed 113 billion. The central bank has not yet issued seigniorage. โ€

"That's a lot of money!"

"Wouldn't next year's budget be extremely generous."

The following suddenly whispered, so much money, it is really scary, and now the East China political axe is definitely rich. The main reason for such a high tax is that many of the arms export interests of the East China Group have been given to the political axe, which is basically divided in half.

Now there is more money in the political axe, and there is also more money in the East China Group.

Li Shengguo listened to Xu Shuguo talk about seigniorage on the side, and said: "It's better not to issue seigniorage this year, because a large number of precious metals flow into China, in order to exchange for these precious metals, the central bank has issued nearly 10 billion revival coins this year, and such a large number of banknotes have flowed into the market, although we have not issued seigniorage, but it is very likely to cause inflation." โ€

Exports are exchanged for precious metals, which are not well circulated in the market, so they are naturally exchanged for banknotes, which are distributed to workers and enough to buy raw materials, and the rest are profits.

"This shouldn't be a problem, seigniorage can continue. Although we have printed tens of billions of Fuxing coins last year, these money are actually in the hands of the Imperial Treasury and the East China Group, and generally do not flow into the market on a large scale. Xia Jun said, anyway, the real money is there, and inflation is only internal inflation, and the money still has strong purchasing power in the world.

And now China is also suffering from inflation, because the production cost is already very low, which is one of the support policies provided by the East China Group to other enterprises.

The people's livelihood will not be affected, because the agricultural productivity is now very high, and the material material can keep up with the growth rate of wealth.

At least in the case of agricultural products, as for industrial products, some industrial products are indeed out of stock.

This year is also a year of rapid prosperity for the Chinese people, and after becoming rich, domestic demand has increased, coupled with strong demand for exports, the production speed of some industrial products cannot keep up with the speed of market sales. A seller's market has been formed in some commodities.

A certain degree of inflation can stimulate economic development, so Xia Jun is not afraid of inflation, he understands that China's current ability to withstand inflation, as long as it does not exceed a certain bottom line, has no negative impact on China, but can stimulate economic development.

Just as purchasing power has increased, people have begun to increase production to meet internal needs, and if material things cannot keep up with the growth of money, then there will be problems. But now China's material growth rate is not slow, but very fast. At present, China is not generally wealthy, and the newly wealthy Guoming Cook still consumes some goods that can be manufactured without too high technology, and does not belong to the industry field that is restricted because of the scarcity of talents.

"According to the growth momentum of the previous quarters, this year's GDP can reach about 43 billion yuan, and the seigniorage will be collected at 2 percent, that is, 860 million yuan of revival coins will be printed. Then it is not a problem for our total fiscal revenue this year to exceed 13.86 billion. Xu Shuguo concluded.

"According to the budget of previous years, next year's budget will definitely not need so much money, the central bank currently has 9,000 tons of gold, gold reserves have 600 tons, it is better to increase the reserves of 500 tons, gold is also a strategic resource." Li Shengguo suggested that the issue of gold reserves was raised first.

The 8,000 tons of gold in the banks do not belong to the Central Bank, because these banks are deposited in the Central Bank, and the banks exchange them for paper money and may spit them out.

"Is it necessary to save so much?" You Zhengbin asked puzzled.

Li Shengguo nodded and said: "Of course there are more, now we basically have no foreign exchange reserves, as soon as the foreign exchange is in hand, we will throw it out to buy things, and the entire reserve will have more than five million US dollars of foreign exchange, as well as these 600 tons of gold, if we do not increase the gold reserves, our financial shock resistance will be very poor." โ€

"Increasing the gold reserve by 500 tons, this is okay, this was originally discussed in next year's budget, so let's solve it in advance by the way today!" Xia Jun nodded and said, anyway, the gold reserve will be carried out sooner or later, isn't it five hundred tons of gold? It is less than 1 billion yuan, and this year's fiscal revenue is too high.

In later generations, the United States engaged in 8,000 tons of gold reserves, which were saved when the war was made money, and it was also related to the large inflow of gold into the United States.

At present, there is no ban on gold exchange in any country in the world, so gold also flowed into China with the outbreak of World War I.

"Reserve 500 tons of gold, that is, 800 million yuan of revival coins are needed, just issue a seigniorage, and the banknotes are also printed, and you can directly move 500 tons of gold into the warehouse." Li Shengguo said with a smile.

"Alright! Let's cut to the chase, in terms of reserves of strategic mineral resources for the military industry and strategic minerals for the economy, how much money can be squeezed out for reserves next year? Xia Jun asked Xu Shuguo.

"I guess I can come up with at least a billion!" Xu Shuguo thought for a while and said, last year's financial budget was only more than 5 billion, and this year it has skyrocketed to more than 13 billion. But now China's territory has become larger, and there are more places to use money.

One billion Renaissance Coins can buy a lot of resources.

In particular, when the East China Group has its own mining and mining company, as well as its own ocean-going cargo ships, strategic resources are very cheap.

"Strategic reserves are imperative, but it is also cost-effective to invest too much money, after all, these things will be squeezed, at least in the near future we will not face the danger of being blocked by maritime traffic, we can slowly make strategic reserves." Xia Jun said, "What do you think? โ€

"What the Fรผhrer said is reasonable, and the minister seconded it."

"The minister seconded the ......"

"The minister seconded the ......"

(To be continued)