readx; After several years of development, the Chinese Empire has developed relatively quickly in terms of housing loans, which is also a kind of overdraft consumption, which began a long time ago. Pen, fun, pavilion www. biquge。 info

Therefore, the economy of the Chinese Empire had developed rapidly before, but the people had to repay the mortgages, which limited the growth of domestic demand to a certain extent.

However, the down payment is high, so the degree of overdraft is not high, and the housing price is not too high, so many people have already repaid the loan.

The main market for mortgages began to shift to inland areas, and the mortgage market in coastal areas began to saturate.

Because of the continuous release of housing loans, the economic growth rate of the Chinese Empire is much faster than that of the United States, but the overdraft consumption of the Chinese Empire is still in the category of basic living facilities, and it has not yet involved goods such as cars, because cars are still luxury goods and have not become necessities of life.

However, as long as car loans are issued on a large scale and most people buy family cars, then cars will become a necessity of life.

After several years of all-round frenzied construction, the economy of the Chinese Empire at this time still maintained a very stable and high growth rate, thanks to the continuous supply of funds from the Asian Federal Reserve.

Under this frenzied construction, the Chinese Empire gradually gained the ability to engage in large-scale overdraft consumption.

At the same time, the Chinese Empire is also expanding its automobile production capacity, and its speed can only be said to be beyond the reach of Americans.

Among them, Zhongsheng Group and Huasheng Group have successively entered the family automobile manufacturing industry and competed with East China Group. The East China Group retains the monopoly production of engineering vehicles and trucks.

Sometimes there is a great advantage to competition, which is to be able to innovate continuously.

China's three major groups, in the civilian field of competition at this time tends to be fierce, the three parties use the same technology, at the same time the three groups are also constantly making innovation, so that the industry in the world to maintain a high competitiveness.

When one group makes an innovation, the other two groups will quickly follow suit, but they will have to pay a certain royalty to the innovative group, so that the innovative group has a cost competitive advantage.

The production capacity of family cars has grown wildly, which is in preparation for the next large-scale car loans.

The production capacity problem must be solved first, otherwise even if the car loan is issued at that time, there will not be enough capacity to produce.

At the same time, the Chinese Empire also vigorously built up transportation, and under the continuous frenzied construction, railways and highways were extended to the Russian region.

Only when the roads are cleared can there be no restrictions on the transportation of raw materials.

As a country with a population of 500 million, once the Chinese Empire uses the overdraft consumption model, it will consume huge resources, but with the resources currently controlled by the Chinese Empire, it is completely enough to consume, even if the population grows to one billion, the Chinese Empire can even consume global resources to supply national consumption.

In this world, resources are not actually limited.

There are only so many kinds of limited resources, among which agriculture may be the biggest constraint, for example, in China in later generations, the main reason for not being able to overdraft consumption is first of all agricultural constraints.

At this time, the Chinese Empire was very developed in terms of agricultural productivity, enough for the people to eat and drink, and the territory expanded a lot, and the sphere of influence was also very large, so it was not impossible to support a billion rich people.

As for water resources or something, there is so much water in the sea, are you afraid that you will not be able to use it up?

Iron ore and other resources, even if a billion very wealthy people are to consume them, although theoretically they will be consumed soon, but as long as the development of recycling technology is enough.

The lack of resources is just a false concept created by the United States in later generations.

In the context of the advent of free energy, resources are not scarce.

In the case of the need to consume a lot of resources, it was very wise for the Chinese Empire to build the railway into Russian territory, and at the same time to start the construction of Russian mines was also a precautionary act.

In Russia, the money released by the East China Bank is mainly housing loans.

Houses in Russia are more expensive, but they can't do without them. In particular, a large number of people moved to the east of the Volga, which was not too developed, so houses became the primary construction target in Russia at present.

Housing loans have also led to the development of steel, cement and other construction-related industries, and a large amount of money has been put into the market, which has enabled the Russians to solve the employment problem and stimulate other consumption.

Most of those steel, cement and other manufacturers were built by the capital of the Chinese Empire.

Most of Russia's resources were controlled by the Chinese Empire, and the prosperity of the market made the Chinese Empire have enough profits to build mines and transportation facilities.

The real estate currently under the control of the Chinese Empire alone was enough to constantly exploit the Russians.

The Russians owe a lot of money to the bank just for the problem of housing, and Nicholas II will provide the Russians with basic living materials for the sake of rule, but it does not mean that they are willing to build affordable housing like the Chinese Empire, which also leads to a bit of high housing prices in Russia.

Coupled with the continuous increase in money, housing prices are also rising.

Some Russians have become very rich in such a prosperous market, so they buy some assets controlled by the Chinese Empire at high prices, and even go to the Chinese Empire to invest and buy assets on a large scale.

Many of the assets of the Chinese Empire were bought by the Russians.

The Chinese Empire did not restrict the large-scale purchase of assets by these Russian capitalists, but only sold them to the Russians at a higher price.

Anyway, how much the Russians buy now, they will still have to spit out in the future.

When the Russian economy collapses, most of the assets of the Russians will have to be confiscated by the banks or sold to the capitalists of the Chinese Empire at a low price.

The sale at this time is a million profits.

For those promising assets, Huaxia will sell them to the Russians at a very high price, and at the same time guide the Russians to buy some assets that are meaningless.

In particular, some things that make Russians feel that they have bought a lot of face, such as some landmark buildings, Russians buy them at a high price.

In fact, there are some Russians who have so much money that they don't care about profits and losses, and they are very bold in their actions.

The overdraft consumption of the Chinese Empire had not yet been carried out on a large scale at this time, but it would not be long before that.

The year 1924 was the final stage of preparation for the Chinese Empire, and most of the construction plans were completed ahead of schedule with the enthusiasm of the Chinese people.

In 1924, the inland transportation environment was greatly improved, and the main railway roads in the inland provinces were basically completed, and at the same time, in terms of railway branch lines, the local government axe was also organizing private capital to build.

In the 13 years from the Republic of China to the Chinese Empire, from the Xinhai Revolution to 1924, the Chinese Empire has successively built 150,000 kilometers of railways.

The speed of its construction is simply appalling.

Basically, the whole people built roads, and most of the funds were built by the Chinese Empire with bank loans, and some of them were built by raising railway bonds, and some of them were built by private capital.

But most of it is funded by political axes.

At this time, the political axe of the Chinese empire was already in debt, but the political axe was still able to hold on, because the political axe could issue banknotes.

But the debt is an objective fact.

For these debts, the Chinese Imperial Government is confident that it will repay them, because at this time it is the political axe that owes the debt, and the people have not yet made large-scale overdraft consumption.

Once the people make an overdraft, then the railway system will continue to receive benefits, so it will be easy to pay off these debts.

When the national consumption overdraft reached a certain level, the Chinese Empire also repaid its debts through the benefits of railway operations during the boom period.

It doesn't matter if you can't pay it back, when the people overdraft and consume to a certain extent, the people will owe a lot of money to the bank, and when the economy collapses, it is equivalent to the people owing a lot of money to the political axe, and the political axe can use the money from the overdraft to build some projects that have less income than investment, but have to be built, or directly start a war with other countries, and then this debt is nothing.

Throughout the economic development of the Chinese Empire, in the early stage, it was the political axe that overdrafted consumption and invested a large amount of money in infrastructure construction, thereby creating a large number of jobs for the people.

This model could theoretically last indefinitely, as long as it was through the continuous issuance of banknotes.

This is also a model adopted by China in later generations, but this applies to the early stage, when the construction reaches a certain level, the political axe will have to issue a large number of banknotes to maintain the operation, that is, increase the seigniorage.

However, the Chinese Empire did not increase seigniorage much at this time, but borrowed money from banks to build the project, and the money from the banks was drawn from the national savings.

Although the bank's money comes in and out, and 100 yuan can even be repeatedly loaned to 100 people, after all, there is a limit, and with the growth of the economy, the bank's reserves must also continue to increase. Moreover, banks lend money not only to political axes, but also to investors and citizens.

Therefore, by the end of 1924, the central political axe of the Chinese Empire was no longer able to maintain such an overdraft construction policy, and even in 1924, the central political axe of the empire had to issue an additional seigniorage of 50 Asian dollars to maintain such an overdraft construction policy, in general, it was already very reluctant.

At this time, the baton must be handed to the national consumption, otherwise the economy will collapse. If it is to remain non-collapsing, it can only increase seigniorage in large quantities, or let national consumption continue to drive the economy.

The plan of the Chinese Empire was to hand over the baton to the people for consumption.

Both issue a large number of banknotes, but this is different.

The issuance of seigniorage by the state is equivalent to printing stamps for the political axe to spend, so the money is equivalent to taking it directly from the pockets of the people, which is tantamount to an 'indiscriminate attack'.

Although the tickets in the pockets of the people will also depreciate, they have the tickets that the bank lends to them, and these tickets have caused a lot of commercial activities, making the market very prosperous, so that the enterprises will expand the number of employees, which will also pull jobs, and a large number of jobs will make the whole country have jobs, and even if the tickets are depreciated, their work remuneration will also rise.

(To be continued)