readx; If it is not possible to provoke a war in the Caucasian world, then China can only go into battle shirtless with the Third World Alliance, which is not an unacceptable result (this sentence in the previous chapter missed a word, the keyboard went wrong, and the sweat died). Pen, fun, and www.biquge.info

…… In 1926, the Chinese Empire's economy grew at an extremely rapid rate, even more so in 1926 than in 1925.

With the two consecutive reductions in the interest rate on savings by the Federal Reserve of Asia and the release of large loans, the investment of private capital was very enthusiastic, and the amount of investment was 1.5 times that of 1925.

In contrast, the United States is also developing very fast, and the pattern is similar to that of China today.

In 1926, US President Coolidge had been in power for three years, and the former President Harding was assassinated in 1923 because he favored some American monopoly capitalists, such as the Morgan Group, which caused the dissatisfaction of other monopoly capitalists.

After Coolidge came to power, the United States carried out large-scale economic stimulus, forming an era called the 'Coolidge Boom'.

During the First World War, the United States was slow to update its production technology, but after the war, the United States, with its abundant capital strength, quickly updated the production technology of various industries.

Among them, in 1920, the United States introduced assembly line operation and assembly line operation technology from China, which was first used by Ford.

This set of management model, called the 'East China model', first appeared in the production workshops of the East China Group, and was quickly accepted by the manufacturers of China's industrial system.

When the United States introduced this production management technology, much of the industrial production of the Chinese empire adopted this model.

When the Americans discovered this mode of management, they suddenly came to their senses, believing that the Chinese Empire was able to develop so rapidly and its commodities were so competitive in the international market because of the adoption of advanced production management methods.

Coolidge prosperity was born in an environment of technological innovation.

As a result of the great reduction in production costs, many US goods have begun to lose their competitiveness from those of China as in the past.

In 1919 alone, there were only 7.5 million cars in the United States, and by 1920, there were 26 million cars in the United States, and by 1926, there were 1.2 family cars for every six households in the United States.

Its output value accounts for 8% of the country's total industrial output, employing workers accounts for more than 5% of the country's total number of workers, and 15% of the country's steel output is used in automobile manufacturing.

The automobile manufacturing industry has also driven related industries such as rubber, gasoline, tanning, and glass manufacturing.

By contrast, by 1926, the Chinese Empire had been overtaken by the United States in the scale of family car manufacturing, and the annual number of car manufacturing was 26% less than that of the United States.

But in 1926, 63 percent of the number of cars in the Chinese Empire other than the United States were made in the Chinese Empire.

The Chinese Empire has always surpassed American automobiles in automobile exports, and American automobiles have few advantages in exports, and they are not comparable to China in terms of production costs, and there is also a certain gap between them and Chinese automobiles in terms of surname and appearance.

The reason why U.S. auto production is so high is because the overdraft consumption in the United States has played an effect, and domestic demand in the United States has boosted the auto manufacturing industry.

But by 1926, the automobile manufacturing industry of the Chinese Empire suddenly took off.

In 1926 alone, the Chinese Empire sold 6 million family cars, directly exceeding the emergency stop car sales in the United States.

However, in the engineering vehicle and truck manufacturing industry, the Chinese Empire from 1919 to 1926, has been suppressing the United States, the Chinese Empire as a country with weak infrastructure, railway transportation is relatively underdeveloped, so the road transport has been very fully developed, which greatly boosted the scale of the automobile manufacturing industry.

The Chinese Empire has been stabilizing the United States in terms of truck production scale and production technology, which has made the Chinese Empire monopolize 75% of the international market for large and small trucks.

As a result of the Hangzhou Agreement, the Chinese Empire competed on an equal footing with the United States on tariffs, so a large part of the international market was seized by the Chinese Empire.

This was unexpected by the United States, and this also curbed the speed of development of the United States to a certain extent.

Because Western countries are more dependent on imports, the unemployment rate in the United Kingdom, for example, reached 10.2% at its lowest during this boom period.

By contrast, the Chinese Empire and the United States have very low unemployment rates, with the United States having a population of only 3 million, compared to about 5.3 million in China.

Many of the unemployed in this part of the Chinese Empire were semi-unemployed, mainly those who were idle, or those who were wealthy and did not work, and it was basically difficult to say that they could not find jobs under the large-scale economic stimulus.

Both the Chinese Empire and the United States have adopted policies to stimulate development, and the development of the construction industry in both countries has been very rapid, compared to the Chinese Empire.

After all, the Chinese Empire is inferior to the United States in terms of infrastructure, so the output value of the construction industry of the Chinese Empire has been about 6 times that of the United States, reaching an output value of 250 billion Asian dollars.

Compared with the prosperity mode of the United States, the Chinese empire's way of doing business is still different to a certain extent, which is mainly manifested in investment guidance.

The United States is introducing funds into the stock market, and there is a saying in the United States at this time that you want to make a fortune and buy stocks. The Chinese Empire has imposed some restrictions on stocks, such as lowering the limit from 10% to 5%, but the stock market is still booming, and there is a large limit almost every day.

The stock market plays a huge role in this development model of overdraft consumption, mainly for the role of fund-raising, mainly for those listed companies to raise funds.

The method of exploitation is to let investors buy stocks first, so that the listed companies will have more funds, so that the listed companies will increase their investment.

Listed companies raise capital by constantly diluting their shares in order to absorb more capital.

However, after the economic collapse, the first share crashed, so that the capital chain of the enterprise was broken, and a large number of investors were trapped, so they had to cut the meat and sell.

When it falls to a certain point, banks take the opportunity to buy up those valuable stocks, which can generate huge gains every year when the economy recovers.

When the shares of a certain enterprise reach a certain level of control by the bank, the enterprise becomes a bank-controlled enterprise, and the bank takes advantage of it to become the largest shareholder.

However, the current infrastructure of the Chinese Empire is not yet perfect, so in terms of guiding investment, the government has made frequent moves, and the Ministry of Construction has launched new projects almost every day and raised funds for construction across the country.

These projects are also generally listed and issued in the form of shares.

A large number of railways, highways, and power stations were built in this way.

Huadong Group also issued a large number of value-added shares, the so-called value-added stocks, that is, the original shares are not sold, and Xia Jun is still 100% controlled.

These value-added stocks will only have a return benefit when the earnings of East China Group increase.

As the largest monopoly group in the Chinese Empire, the East China Group's GDP accounts for about 55% of the country's GDP, and these value-added stocks are very popular.

This led to the continuous rise in the price of the value-added shares of the East China Group, and the East China Group grabbed a large amount of money from the market, all of which were invested by the East China Group in the crazy industrial infrastructure.

Most of the industries of the East China Group are closely related to the war potential, so the East China Group is the top priority in making money in the stock market.

It is tantamount to letting investors spend money to help the East China Group build now, and when the economy collapses, these value-added stocks are worthless.

No matter what country it is, the essence of the stock market is the same, it is used to collect money, but some means are more clever, and some means are lower.

The low-level means are all iron roosters and never pay dividends, so that the stock market is sluggish and it is impossible to circle more money.

A large amount of capital poured into the stock market, causing the assets of listed companies to skyrocket, accompanied by crazy industry construction.

In 1926, the Chinese Empire fully established a bank credit system, and citizens could easily borrow money from banks to spend.

In the face of a favorable employment environment and rising wages, many people have started to buy cars when they have bought houses.

Some people already have a house before, so they take out a direct loan to buy a car.

At the same time, telephones were installed, refrigerators, air conditioners, televisions, vacuum cleaners, washing machines and other large electrical appliances, such as tape recorders, which were already very popular in the Chinese Empire in 1926, and almost every household had a large tape recorder, which could listen to the radio and play music tapes.

The phenomenon of taking out loans to buy these large goods is becoming more and more common, this society has a comparison mentality, you have me to have it, so you take out a loan to buy, I also take a loan to buy, anyway, you have to be afraid of something.

Among the many commodities, civilian telephones were the first to be popularized on a large scale.

Civilian telephones began to be popularized at the time of the establishment of the empire, at this time the people generally had a stable income, and the East China Group raised a lot of funds, so the telephone lines were drawn everywhere, and the monthly rent of the telephone was not very expensive, which was nothing in terms of the current income of the people of the empire, so the telephone began to be widely popularized.

Telephone technology has also changed, and it is no longer a hand-cranked model.

In terms of power generation, the Chinese Empire increased from 50 billion kilowatts in 1919 to 130 billion kilowatts in 1926, while the United States increased from 60 kilowatts in 1919 to 80 billion kilowatts.

In 1919, just after the end of World War I, the American industry at that time had not carried out a large-scale update of technical equipment, so many of them used the equipment of the first industrial revolution, so the power generation was only 60 kilowatts, and the Chinese empire jumped directly to the second industrial revolution and used a large amount of electricity, so the power generation had reached 50 billion kilowatts in 1919.

In the oil industry, the United States extracted 86 million barrels of oil in 1919, and by 1926 it had soared to 280 million barrels.

In terms of oil extraction, the Chinese Empire had already reached 200 million barrels per year in 1919, and at this time it had soared to 800 million barrels per year.

China and the United States, under the continuous development, are no longer the same heavyweights.

China's economy was already suppressing the development of the U.S. economy before it was massively stimulating consumption, and when the Chinese empire stimulated consumption, the economy began to throw the U.S. behind at a rapid pace.

In 1926, the total economic output of the Chinese Empire had reached 400 billion Asian dollars, while the United States only had 140 billion US dollars, and the gap between the two sides had reached 60 billion US dollars.

In this year, the Chinese Empire still cut a large part of the economic aggregate in literal figures, and the published GDP has reached the same level as that of the United States.

This caused panic among the bankers on Wall Street in the United States, and the Chinese empire said before that it would not play the bubble economic model, which was like a fart, and now it is not done?

The United States was so prosperous during this period that the American bourgeoisie proclaimed that capitalism had achieved "permanent stability".

At the same time, the American bourgeoisie also preached that 'the East China model has defeated [***]", and the so-called East China model refers to the assembly line production model pioneered by the East China Group.

The Chinese Empire also recognized to a certain extent what the American bourgeoisie preached, and Russia was also prosperous at this time, but the unemployment rate was also about 8%, and although tariffs were established, after all, they were in the same alliance countries, so they could not establish too high tariffs, and many things still had to be imported from the Chinese Empire.

But Russia does appear to be prosperous on the surface, the Russians are building the real estate industry like crazy, and the cars are imported in large quantities from the Chinese Empire.

After getting a lot of loans, the Russians also began to invest on a large scale in the construction of real industries, such as power facilities, communication facilities, transportation facilities, etc., and a large number of projects began to be built.

The Russians seem to be very rich, investing everywhere, even in the Chinese Empire.

The Chinese Empire naturally welcomed it, after all, this money, whether in China or Russia, was within the reach of Chinese capital.

No matter where the money flows, it is within the scope of exploitation.

The Chinese Empire has been engaged in an overdraft consumption policy in Russia for four years, and the Russians already owe a lot of money, and the Empire is considering whether to use a knife to slaughter it.

However, considering that a sudden economic collapse could cause discontent among the Russians, or a temporary lack of people to carry the blame, slaughter has not yet begun.

The empire is waiting, once the US economy collapses, it will immediately collapse the Russian economy, and when the time comes, the United States will bear the blame, as long as it controls public opinion and points the finger at the United States.

Even if some people know that this is a ridiculous statement, but the mainstream public opinion is in the hands of the Chinese Empire, so what can it be?

According to the development momentum of the United States, it is estimated that it will not last long.

The Chinese Empire began in 1925, and it has only been two years now, and it can still be sustained.

…… Soon entered 1927, the Chinese Empire built and launched the Qi Jiguang in the summer, and it took nearly five years from design to launch.

The British and American alliance was not far behind, and built a super battleship named the 'Sea Power class', with a displacement of 50,000 tons.

Between the two alliances, the momentum of the naval arms race has been fully formed.

Britain and the United States said that the navy of this alliance had advantages in itself, so their main purpose was to deal with the powerful Chinese navy.

Therefore, the initiative in this competition is in the hands of China, and China is like a morning glory, which can be pulled wherever it wants.

In the eyes of Britain and the United States, the Chinese Empire is like a clown jumping off the beam, no matter how they jump, they are full of confidence, thinking that the Chinese Empire will definitely not be able to jump out of the palm of their hands, and they adopt the strategy of static braking and timely follow-up.

At this time, the economic aggregate of Western countries, including the capital, exceeded that of the Third World Alliance. On the surface, of course, this is true.

But in fact, China's annual GDP has reached $60 billion compared to that of the United States, and neither the United Kingdom nor Britain, France, and Germany have a GDP of $60 billion.

With the development of the Chinese Empire, the United States-led alliance of Western countries, plus the Soviet Union and the Soviet Union, its GDP is indeed higher than that of the Third World Alliance to a certain extent, but the problem is that this alliance is not too clear at this time, and the more clear is that Britain and the United States are called the Soviet Union, and France and Germany are also currently in this alliance, but France is not very active in encircling China, and Germany does not see any problems at this time, and the German political axe is heavily dependent on the American economy, once the United States has a cold, Germany will inevitably catch a cold.

At this time, Britain and the United States made an erroneous judgment, believing that they had enough superior resources to play this 'double superiority naval policy' with the Third World Alliance.

Britain and the United States called the Soviet Union this alliance, and its division of labor was roughly as follows: Britain and the United States were responsible for sea power, and the Soviet Union and France were responsible for land power. Among them, Britain shares land power to a certain extent, and the United States also focuses on the development of sea power and air power, and is also responsible for the development of land power.

The main thing is that the United States is the treasury and military factory of this alliance.

Originally, Britain and the United States wanted to compete for the position of the world's leaders, and the United States said that it was a sworn enemy in Asia, and that the Soviet Union and capitalism were fundamentally opposed, but they united for a common purpose -- to contain China.

At this time, the world is already openly opposed to two major alliances.

Originally, the world was dominated by these Western countries, and the Chinese Empire carried the banner of colored races, raised the slogan of national freedom, and united developing countries to contend with Western countries.

There will be two camps against each other, mainly because the Chinese Empire expanded too violently in the First World War.

Although the Chinese Empire did not participate in the two major war camps during the First World War, it fought several local wars, won in these local wars, recovered a large number of lost territories, and expanded its territory.

This poses a serious threat directly to Britain and the United States.

Britain and the United States themselves want to balance the balance between the countries of the mainland, and China's development has made the 'world island' of Asia, Africa and Europe unbalanced.

If you open the map, you will find that most of Asia has been occupied by the Third World Alliance, represented by China and Russia.

At the same time, the Third World Alliance also extended its hand to Western Europe, which by this time had extended to Poland and bordered Germany.

The Soviet Union has been surrounded, and the Soviet Union has been semi-surrounded.

If the Soviet Union and the Soviet Union were to finish up again, an unprecedentedly huge military alliance would be born on the Eurasian continent, and the good fortune of Britain and the United States would come to an end.

In addition, China is an Asian country, a yellow country, which has threatened the dominance of the white race in the world.

Although it was also a yellow country before, the problem is that it is just a small country, and Britain and the United States do not need to be too deliberate against it, because the strength of this has not yet developed to the extent of shaking the dominance of the white race.

However, in the original history, after the First World War, he was also left out in the cold by the British, and he was lukewarm to this ally.

In general, the book has never been accepted by Europe and the United States, and even after World War II, it was nothing more than a dog, a slave, and a journalist in the United States.

(To be continued)