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―――――― 1917, which was also a year of rapid economic development in China, foreign arms exports were relatively stable in this year, but the profits were obviously not as high as before.

Russia no longer imports arms from China, and its arms are sold by China to Germany, and the Germans do not have much money, so they can only sell them at a preferential price.

Although it is very profitable to sell it to Germany at a good price, after all, there is no windfall profit as before.

The Entente countries began to give priority to ordering arms and ships from the United States and the two countries, but they still had to order planes and combat vehicles from China.

Eighty percent of the planes and combat vehicles on the European battlefield were made in China, and with the expansion of the scale of the arms industries of the United States and the two countries, the price of arms has also dropped somewhat, and the stage of very large profits is over.

Historically, the United States was the only arms manufacturer that could fully satisfy the Allies, so the United States was a seller's market, and when China joined it, the market slowly turned into a buyer's market, so profits declined.

As a result, international capital is very hostile to China, and this world war is to a large extent a feast for international capital, and China is like a beggar who suddenly jumped out, stealing most of the delicious feast.

However, China's internal economy has developed greatly, and with the development of the export economy, China's capitalists and workers have begun to become rich, and the internal market has begun to flourish.

With capital and money, the national capitalists began to build infrastructure vigorously and continued to invest in industry, which in turn expanded the total economic output.

With the unification of the provinces, the people of the provinces joined this golden age of economic development, which led to a huge increase in China's output value in 1917.

Ma Liangsheng, director of the Bureau of Statistics, said in a loud and impassioned tone at the report meeting: "After four quarters of development, China's GDP has successfully broken through the 70 billion yuan mark last year to the 100 billion yuan mark, and the economic growth rate is 42 percent......

In 1916, the total economic output reached 70 billion yuan, mainly due to the contribution of arms exports, but this year, the profits from arms exports have decreased, and the share of foreign exports in the total economic output has also declined, and the development of the internal economy has become the main growth point.

Such a period of profiteering exports is rare in history and in the future, although a lot of money has been made, but the internal economy is still relatively weak.

In this year's development, the internal economy has begun to grow rapidly, even if it is out of this period of profiteering, China's tax revenue and people's livelihood will not be greatly affected, and there will be a period of economic prosperity in the future.

Summing up the history after the First World War, it can be roughly summarized as ten years of prosperity, ten years of depression, and almost another decade.

The sudden depression after the 10-year boom is related to the indulgence of international capital, and belongs to the 'economic plague' deliberately created by international capital in the United States; first of all, it is to take the opportunity to use the stock market to make money, and in the midst of the continuous rise of the stock market, many people from all countries are vying to buy stocks, and then international capital begins to flee, first of all, in the US stock market, so that the money of ordinary people in the United States is gathered in their hands.

As soon as the U.S. stock market collapsed, international capital continued to flee from the stock markets of other countries, triggering a global chain economic reaction, and the stock markets of major mainstream countries completely collapsed in a short period of time, resulting in the closure of factories and the collapse of the economy.

International capital uses this means to amass a lot of wealth, and the rules of the stock market are basically favorable rules formulated by international capital itself.

While accumulating a large amount of wealth, the economic depression has led to a depression in the people's livelihood within each country, thus forcing some countries to embark on the road of war, and international capital can make a lot of war profits.

The political axe of the United States turned a deaf ear to its own economic depression during the decade of economic depression, and for a merchant country, such a large-scale depression occurred, and the political axe also openly claimed that the economy was running well, and the catty of it can be imagined.

It can be said that the methods used by international capital to dominate the world are very sinister, and whether China can withstand the Great Economic Depression in the next 10 years is a rather severe test.

After the Great Depression, China's economic development can only rely on its internal economy, and its exports will be hit by a huge blow, so it will have to rely on its own operation to support it, especially the supervision and restrictions on the stock market must be strict, as long as the short-term speculation in the stock market is eliminated, then international capital will not be able to operate in China's stock market.

Therefore, although Xia Jun has put foreign exports in a very important position, he has never relaxed in the development of the domestic economy, and has begun to tilt major economies from foreign exports to the domestic market.

In later generations, China relied heavily on the export economy because of its own limitations, and now China does not have such limitations, that is, it can vigorously develop its internal economy and develop its export economy.

China's policy today is to earn capital by exporting its economy, and at the same time to prevent China's wealth from being siphoned off by international capital for its financial operations under its rules by restricting speculation under the rules set by international capital.

China is now looking for death compared with international capital and financial operation, so it is necessary to make use of its strengths and avoid its weaknesses, and use manufacturing to earn world wealth.

If we only rely on manufacturing and do not restrict the financial industry, then no matter how much money we make, people will easily play with the stock market and get rid of the money, which is equivalent to the people of China working for international capital and becoming the cows of international capital.

"This year, our steel production has increased from 15 million tons to 21 million tons, achieving a 40% increase in production, reaching half of the steel production of the United States, becoming the world's second largest steel producer."

It's only half, but it can also be seen that its development speed is so fast.

It took decades for the United States to accumulate production to exceed 40 million tons, while China only developed for ten years from the beginning of East China's political axe.

It can be said that it is very exaggerated to reach such a level in ten years.

This is related to Xia Jun's cheating, but this is just Xia Jun's private secret and will not be revealed to anyone.

Previously, Germany produced more than 21 million tons of steel, but with the outbreak of the war, raw materials could not be shipped to Germany, and steel production plummeted.

The attack on British merchant ships by German submarines also caused a sharp decline in steel production, and in this way, China's steel production increased to the second largest in the world.

"At the same time, China's gold mining has increased by 60% this year to 120 tonnes, making it the fifth largest gold miner in the world...... Ma Liangsheng continued.

China's gold mining has been started for a long time, but it is still only at the bottom of the world's gold mining rankings, because those gold-rich places are occupied by various powers.

In fact, there were a lot of gold mines in ancient China, but after the mining of the past dynasties, it was almost mined, and after several wars and colonial plunders by the great powers, a large part of the gold mined in history was outflowed.

With the outbreak of this world war, precious metals began to flow back to China.

However, there are some gold mines in China, but not much, with the recovery of Outer Mongolia, as well as the capture of Indonesia and Myanmar, plus some gold mining by East China Mining Company in Australia and South America, the gold mining volume has increased to 120 tons.

It won't be long before the Russian Far East will be occupied by China, where there are a lot of gold mines, but a lot of gold has also been dug up by the Russians.

"In 1917, the total amount of ore mined in the empire increased by 30% to 42 million tons, of which 16 million tons of iron ore were mined domestically."

In addition to domestic demand, iron ore is also exported to other countries, and the iron ore mined overseas is not completely shipped back to China, and at the same time, domestic iron ore mines have also begun to enter the mining stage, mainly to be less dependent on overseas imports, but at this time, the empire wants to consume the iron ore resources of other countries, so the balance between the two needs to be grasped.

"In 1917, the Imperial Coal Mining Industry mined 210 million tons of coal, 40% of the coal mined in the United States, of which 80 million tons were mined domestically and 130 million tons were mined abroad...... In 1917, 800 million barrels of oil were extracted, accounting for 90% of the world's oil extraction......"

China jumped directly into the second industrial revolution, so its coal consumption is far less than that of other countries that completed the first industrial revolution.

The empire relied heavily on oil and hydropower for its energy, and coal did not share as much as the countries that completed the first industrial revolution and were in the process of transitioning to the second. Although only 40% of coal is mined, China is the world's largest oil consumer.

In addition to most of the 900 million barrels of oil extracted for domestic demand, some of it is sold to other countries, and some of it is shipped back to China and stored in arched mines.

A large amount of oil exploitation has provided China with very cheap energy, which has injected blood into industrial development.

Since the main energy source in this era was still coal, the world oil consumption market in China, coupled with the East China Petroleum Company's large-scale oil exploitation, made the international oil price very low, and the competition was very fierce.

The United States' Mobil Oil Company has been hit the hardest, and oil extraction has been declining year after year, but with the increase in the use of internal combustion engines in the United States, the market has improved, but in the world market, most of the market share is occupied by the East China Petroleum Company.

In addition to selling oil, Huadong Petroleum Co.'s main profit is also those by-products of refining, and China has the most comprehensive and best technology for the by-products obtained from oil refining.

Plastic has become a fist product exported by China to the world, as well as toothpaste, soap and other cleaning products are also rampant in the world, liquefied petroleum gas is also popular in many countries, China's liquefied petroleum gas related appliances manufacturing has also developed extremely mature, these things are closely related to life, although the price of a single piece is not expensive, but the number is very large.

At the same time, this year, East China Petroleum Company used the technology purchased by Xia Jun on the exchange platform to create high-quality road asphalt, and asphalt roads began to appear in China.

(To be continued)