In October, the autonomous provinces of East China entered the autumn harvest of the new year.

This year is of special significance, because the planting area of cash crops in East China Autonomous Government has greatly exceeded that of last year, and the soybean planting area alone has reached 30 million mu. The planting area of sugarcane has reached 30 million mu. The cotton planting area has reached 40 million mu.

The sharp increase in cotton and sugarcane planting area is naturally inseparable from the financial support of banks, which absorbed one-third of the funds by agricultural reclamation companies last year.

However, when the autumn harvest arrives, it also means the arrival of victory.

40 million acres of cotton are distributed in various provinces, of which Henan, Shandong, Jiangsu provinces are the most, and there are some in Jiangxi, but Jiangxi's cotton planting area is on a downward trend, because Jiangxi is not suitable for large-scale cotton planting.

The output of cane sugar is expected to reach 45 million tons, so the price of sugar has plummeted, all the way down to 25 yuan per ton, but this price is still a windfall for sugar mills, and the output value can reach 1.1 billion yuan.

Cotton is even worse, 40 million acres of cotton harvested 18 million tons of cotton, cotton prices also fell, from 150 yuan per ton to 100 yuan per ton, the output value reached 1.8 billion yuan.

18 billion catties of cotton, what kind of concept is this?

At this time, there were 430 million people in China, and the per capita population could receive 41 catties of cotton, or 20 kilograms. Cotton is not just for clothes, quilts, pillows, curtains and so on are also cotton, and it is naturally impossible to wear 20 kilograms of cotton for clothes.

The per capita cotton consumption of 20 kilograms is similar in later generations.

However, in this era of China, the per capita demand for cotton is far from so high, at this time China's per capita cotton demand is about 4 kilograms, and the cotton demand of the three provinces of East China Autonomous Region is the highest, reaching 7 kilograms per capita.

Later China did not produce so much cotton, because there were many Chinese in later generations, so a lot of land had to be kept to grow food.

In this era, there are only more than 400 million, and there is no land pressure in China, so many people who can grow grain have been used by the Ministry of Agriculture to grow cotton.

Coupled with the high yield of cotton, this year's cotton production has skyrocketed.

This year's surge in cotton means that China's textile industry will rise completely, and this cotton production has completely exceeded that of any country.

Textile mills in the provinces of East China received cheap cotton at this time, and textiles became extremely popular.

In order to cope with this autumn harvest, Xia Jun specially exchanged nearly 200 million points of equipment for the textile industry, and textile factories opened one after another.

Since those industrialists really don't have much money in their hands, most of them choose to exchange shares for equipment. At the same time, Xia Jun also exchanged the design of many clothing styles to strengthen the deep processing of products.

In the case of these cottons, some of them are exported directly, some are woven into cotton cloth for export, and the last part is processed into finished products for export.

At present, the capacity of deep processing is not too large, and cotton production has skyrocketed, and the textile production capacity is not high, so a lot of cotton has been exported.

These exported cotton can be sold for 150 yuan at the beginning, because there is still a lot of cotton in the back, so in order to sell cotton, the price is reduced to 145 yuan.

The price of cotton in China has decreased, because the supply of cotton is a bit more, and the cotton of other countries has naturally fallen.

After other countries followed suit, the price of cotton in China was reduced to 140 yuan...... The price continued to dive in this way, and finally dropped to about 110 yuan per ton of cotton.

In contrast, the price of cotton in China is even lower, and the price of cotton has plunged to 100 yuan, but at this price, the agricultural reclamation company still makes a large profit.

The output value of 1.8 billion yuan, the cost is about 70%, plus taxes, there is still 15% profit.

More importantly, if the price of cotton has plummeted this year, the cotton planting area of other countries will also be affected next year, and business will be easier next year.

The cotton yield of other countries is not as good as that of China, and the production cost is naturally higher, so even if the price of cotton rises next year, other countries will not be able to compete.

Naturally, those cotton-producing countries can protect their cotton industries by establishing tariffs, but the problem is that not every country in the world can grow cotton, and those countries that can only rely on tariffs to survive are not connected to the international market.

Of course, cotton is not sold all at once, cotton is sold slowly, cotton harvesting is also divided into five or six, or even seven or eight, plus processing and so on, you can sell for a whole year, from this year's cotton harvest, sold to next year's cotton maturity.

China's textile industry in such a situation, first of all, in the price of raw materials, but also in transportation.

Those textile mills can directly spin cotton into finished products and sell them, while many other countries have to buy cotton from China, spin it, and ship it out.

Therefore, as soon as the autumn harvest arrived, the profits of various textile mills skyrocketed.

Britain and Benese have basically lost their markets in China, and the textile mills in East China have suddenly lowered the price of cotton cloth, which is really unbearable for them.

However, some American businessmen have made money by investing in textile factories in East China, but the cotton cloth produced by the textile factories invested by these American businessmen cannot be sold in East China, because the garment factories do not want their cotton cloth, and the people who can make their own clothes do not recognize the kind of goods that are not labeled with 'Made in China' or have a fine product trademark.

Therefore, most of the textile mills of American capital take the export route.

For these foreign capitals, Xia Jun also has a way to rectify them, and now he has raised export tariffs, and then refunded national capital.

However, you can't be too desperate, after all, Xia Jun also has investments in the United States, so the company that also gives American capital a tax refund.

But for the textile mills in Yuben, although they can buy cotton at the same price, they can sell very little in China, and because there is no way to enjoy tax rebates in exports, they have been hit hard, and the textile mills have collapsed one after another.

However, China's ethnic barriers have not yet been fully established, and there are still people buying foreign goods outside the jurisdiction of East China's autonomous political axe, so there are still some foreign-funded textile factories remaining, but they can only survive.

In the aquaculture industry has also developed rapidly, and now in the export of chicken and pork, the export quota of the East China Autonomous Political Axe has increased to 500 million yuan.

While exporting meat, the East China Autonomous Government also buys calves from abroad, including beef cattle and dairy cows, and the scale of breeding is expanding rapidly.

At this time, China has become an agricultural powerhouse, and has completely gotten rid of the state of importing agricultural products. Of course, the exception is that agricultural products that cannot be grown, such as rubber, still rely on imports.

In addition to these main cash crops, the output of citrus, bananas, lychees, longan, pineapples, tea, camellia, tung oil, sumac, moso bamboo, cedar, camphor, sericulture, rape, green plum, fungi and other cash crops has also expanded.

This year's agricultural output value has risen to more than 10 billion yuan, which has already exceeded the agricultural output value of any other country, and the agricultural output value of this country is only a pitiful 3.5 billion yuan.

And China's agricultural output value is not more than 10 billion, and the output value of other provinces has not been counted! The total value of agricultural output is expected to reach more than 15 billion yuan.

Prices of agricultural commodities did not fall during the autumn harvest in many cases, except for those that soared in cotton and sugar.

First of all, the Ministry of Agriculture has carried out regulation and control, the planting area of crops is relatively reasonable, and the agricultural products whose output has skyrocketed can mainly be exported.

This year's total output value of industry and agriculture can reach 20 billion yuan (for the whole of China), and the total output value of the service industry can reach 22 billion yuan, and the printing of 300 million yuan of Fuxing currency, plus the Ministry of Education's printing of 20 million yuan of auxiliary currency, will only account for about 1.5 percent of the total output value.

The central bank's seigniorage is generally set at no more than 2% of the gross output value, so it does not cause inflation in the market, but rather curbs deflation.

If this ticket is not printed, then the amount of money in circulation in the market will decrease, the prices of agricultural products will inevitably fall, and when deflation comes, many industrial and agricultural owners will inevitably go bankrupt.

Therefore, this seigniorage must be collected, and the tickets must be issued.

The second version of the Fuxing coin was more elaborately designed, with Xia Jun's avatar canceled on it, and Yuan Shikai's avatar was not used, so it was issued nationwide.

At this time, China has adopted Fuxing currency, which can be exchanged for gold and silver not only in the Bank of East China and the Industrial and Commercial Bank of China, but also in other banks and banks.

Due to its strong anti-counterfeiting function and strong currency value, Fuxing Coin is widely accepted.

The Central Bank of East China is basically equivalent to collecting seigniorage on the whole country, and at the same time, Fuxing coins have also achieved initial influence internationally, and there are already some Fuxing coins circulating in the market in Nanyang and Australia, where there are many Chinese.

There are also some countries that have reserved Fuxing currency as foreign exchange, but the reserves are not much, and the gap is far from the pound, and the lack of gold and silver reserves is also a major weakness of the East China Autonomous Political Axe, but because the export volume is higher than the import value, this is not a problem for the time being.

At this time, the clouds of war had begun to loom over European countries, and Britain, Germany, France, Russia and other countries began to draw capital in response to the coming war.

China's sudden rise in the textile industry and sugar industry, although Britain is very resistant, but it does not have the energy.

Everyone can see that a major war is inevitable in Europe, and many countries or consortia have begun to stockpile war materials, but most of them do not have many stockpiles.

Whoever thinks that this war should end soon.

Neither the Allies, represented by Germany, nor the Entente represented by Britain, France, and Russia, saw this as a protracted war.

On the other hand, Xia Jun's East China Autonomous Political Axe has no money to reserve war materials, and now where does the political axe have any spare money to reserve war materials.

And most of the money of those businessmen is invested, and there is not much money left.

The only money is the bank, and no matter how the money flows, most of it circulates within the bank. However, if you use the bank's money, you will have to pull down the railways and loans.

At present, the largest area of bank investment is the railway and the cultivation of cash crops, and the industrial lending is much smaller than these two aspects, the main reason is that Xia Jun directly exchanges equipment from the system, and the factory exchanges shares for equipment.

The degree of intensification and commercialization of cash crop production is relatively high, and the potential for comprehensive utilization is great, but it requires a high investment of human, material and financial resources. Therefore, the banks also lend very much money on cash crops, which is also in response to the agricultural policy of the political axe.

After all, under the condition that there is no pressure on grain, the surplus land is naturally used to grow cash crops, and the sales of cash crops in the international market are large.

Now the agricultural reclamation company is still continuing to expand the scale, which is again asking for money, and the scale of railway construction is soaring, and now that China's provinces have stabilized, railway construction has naturally become a primary project.

By this year, the railway networks of Fujian, Shanxi, and Zhejiang provinces were basically completed, and as soon as these railway networks were completed, factories were built along the railway lines.

The railways in Anhui and Jiangsu are still being repaired, but the railway from Shanxi to Wuchang is already about to be opened, and the railway to Guangdong will also be opened to traffic.

It will take two months before the railway to Shanxi can be opened.

These railways were built at a very fast pace, and they were basically rushed at night, and there were workers working on them even at night.

So the bank doesn't have any money!

Xia Jun has no choice, he has reserved materials or something, now he only reserves arms, and he doesn't have much else to reserve, and most of the funds are invested in infrastructure construction and expanding production capacity.

The arrival of this autumn harvest has also made the people of East China provinces richer, and the internal demand has been further increased, and the construction industry has gradually become one of the pillar industries.

…… Huang Xing, who was arrested by the East China Autonomous Axe, also began to be tried in October, because the Beiyang Army mobilized a large number of soldiers and horses to encircle and suppress Bai Lang, Bai Lang did not jump out of the encirclement as in the original history, and was quickly exterminated by the Beiyang Army, and the evidence of the Kuomintang's collusion with the thieves was also found.

Huang Xing, the commander-in-chief of Yuan, once sent a letter to Bai Lang, saying: "Self-sufficiency advocates righteousness between Hubei and Henan, invincible, high-rollers and heroes, and the response of people with lofty ideals, will sweep away the Central Plains in the future, annihilate the culprit, and the great achievements under the feet can be immortal in the world......

After the letter was seized, the East China Military Court also held a public trial for Huang Xing.

The East China Military Tribunal sentenced Huang Xing to 68 years' imprisonment and 68 years of deprivation of political rights on the charges of collusion under Article 18 of the "Law of War."

The verdict was supported by the people, and Yuan Shih-kai issued an edict designating the Kuomintang as a chaotic party, and expelled members of the Kuomintang from the National Assembly in October.

Yuan Shikai expelled the Kuomintang, and the National Assembly became a one-party world of constitutionalists.

Regarding this incident, the East China Autonomous Political Axe remained silent, and Xia Jun did not respond to any questions, basically acquiescing to Yuan Shikai's behavior.

On the issue of Sun Dacang, the two sides reached an agreement that Sun Dacang was wanted throughout the country and offered a reward of 100 yuan.

This bounty is indeed low, in the eyes of Yuan Shikai and Xia Jun, Sun Dacang's worth is only worth 100 yuan now, because Sun Dacang has no chance.

It doesn't matter if he catches it or not, Sun Cannon was completely spurned by the people in the Second Revolution, especially in the autonomous provinces of East China, where the people have accepted the idea of revivalism and are not at all interested in Sun Dacang's revolution.

Now Sun Cannon can only hide in Yueben, and it is basically impossible to return to China.

Now even Nanyang is not interested in Sun Dacang, and Nanyang has basically become the world of the Baath Party.

The Nanyang Chinese now have a higher vision, and it is no longer an era when they can get their support by casually blowing around.

The Baath Party has not only propaganda in Nanyang, but also practical actions. Not only did they not raise money, but they had money to help the Nanyang Chinese.

Not every Chinese in Nanyang is very wealthy, and many of them are also in need of relief.

The East China Autonomous Government not only gave them relief, but the Nanyang Chinese wanted to set up factories, and the East China Autonomous Government gave them the same support as technology and talents. At the same time, the East China Autonomous Government was still smuggling arms to Nanyang, organizing local Chinese to conduct military training, and organizing young Chinese in Nanyang to return to China to study, and so on.

The Nanyang Chinese suddenly found that someone was in charge of them, and no one was in charge of them as before, and many Nanyang Chinese felt warm.

It's a care from your homeland.

As for Sun Dapao, their Kuomintang is now a chaotic party, and they are not welcomed in Nanyang. When many Nanyang Chinese hear about fundraising, they will first ask if it is a fundraiser from the Baath Party, and if not, they will not give a penny.

In such a situation, the Kuomintang became more and more unhappy, and Sun Dacang reorganized the Kuomintang into the Chinese Revolutionary Party in order to better carry out its activities.

However, the Communist Party of China is still not easy to mix in Nanyang, for the Nanyang Chinese, the domestic revolution has been successful, and the East China Autonomous Political Axe is also working for the interests of the Nanyang Chinese, and they do not have any need to fund a messy party, which will only add chaos to the East China Autonomous Political Axe.

The Chinese Revolutionary Party has also been mired in internal quarrels because of the current problems, and many party members have begun to [***], and they have shaken their faith.

Many revolutionaries came to believe in the revival ideas of the Baath Party, and truly realized that the revolution before the Manchu Qing Dynasty was aimed at overthrowing the Manchu regime, and that the current revolution is only for power.

Even the Black Dragon Society, which has the shadow of the political axe, no longer pays much attention to Sun Cannon, in their opinion, now Sun Dacang has gradually lost its use value.

…… On 21 October, Guangdong and Shanxi provinces officially announced their merger into the jurisdiction of the East China Autonomous Government, with Yan Xishan and Chen Jiongming serving as governors.

The two have special statuses, so they are not restricted from engaging in business, but they are restricted from increasing investment in Guangdong and Shanxi provinces.

This does not have much impact on the two, and now there has been an investment boom in the seven provinces of East China, and in this investment boom, there is a sufficient rate of return for industries everywhere.

The formation of the seven autonomous provinces in East China has also given the East China Autonomous Government a lot of responsibility.

Whether it is education, medical care, water conservancy, or construction, these are all the responsibilities that the East China Autonomous Government needs to undertake.

However, the fiscal revenue in 13 years is relatively large, and next year it should be able to cope with these problems.

After the autumn harvest is over, the financial budget of the East China Autonomous Government for the new year will also be launched, and all departments are busy with statistical data or surveys, all of which are preparing for the new year's financial budget, and they all want to get a little more money in the new year's budget.

(To be continued)