readx; It is an indisputable fact that Britain has the largest number of gold-mining colonies in the world, but it is clear that it will be a long process to restore Britain's gold reserves. Pen × fun × Pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

As early as the first year of the First World War, China threw out all the pounds in its reserves.

At that time, the British pound had not depreciated in the world, and countries still welcomed the pound, and the pound thrown out by China was quickly digested by other countries.

Paper money is not used internationally in every country.

This has a lot to do with exports, if there is nothing to export, then paper money is basically not accepted by any country, because you can't buy anything, it's just a pile of waste paper.

As such a large colonial country, Britain's paper money is naturally very purchasing power, and it can be bought in all countries of the world, so it is widely accepted.

However, as the world war continued, the pound began to depreciate.

Many countries that have stockpiled large sums of pounds began to pay for the military spending of the British.

At this time, China still owes a debt to the pound, and the value of the pound has shrunk by 21%, and if the interest is included, the banks that lent to China will still lose money.

Not only did they lose interest, but they also lost some of their principal.

China, on the other hand, has made money, not only borrowing money to develop, but also not having to repay interest, and even the principal can be repaid less.

At the beginning, the East China political axe was crazy to borrow, which was a very happy move for many banks, because a large number of loans were given to the East China political axe, and the East China political axe could only cut the meat to repay the loan in the future.

East China's original borrowing behavior has been criticized for a long time.

But after the First World War, China was able to easily repay its loans without paying interest, which was a very good deal.

The status of the world financial center in London, England is about to be guaranteed, and the Asian dollar that Xia Jun plans to issue is a currency that can buy goods in the member countries of the Asian economy, so it also has a strong ability to pass.

In the future, the world's monetary pattern will be three-legged in the initial stage.

The newly rising US dollar and the Asian dollar, as well as the hundred-legged pound sterling, will have their own place in the world.

Then the pound withdrew from the stage, turning into a competition between the US dollar and the Asian dollar.

How much money for how much gold is just a concept, and in a country with developed exports, it is impossible for many people to exchange money.

Especially in a country like China, national capital firmly closes the door, international capital cannot enter China, and foreign exports are firmly locked in the external market, which can constantly create a trade deficit.

The trade deficit is the trade deficit, and the trade deficit on foreign exports can be used to buy precious metals and raw materials.

In addition to collecting seigniorage, China can also use the Asian dollar as the basis for international credit and insurance business, which can also allow China to exploit the world.

More importantly, the Asian dollar can build a strong defense against the economic bubble created by the US Federal Reserve.

For example, the Federal Reserve issues additional dollars and then lends money to banks at low interest rates.

However, because China has strong foreign exports, the member countries of the Asian dollar economy do not need to import anything from the United States, and their own currencies can import raw materials and some commodities from other countries, so naturally they do not need the dollar, and no matter how much American banks make low-interest loans, they will not be able to lend to China. Because the members of the Asian dollar economy do not have any demand for the dollar, the dollar is just a pile of waste paper and cannot buy anything at all.

It is impossible for the United States to extend its loans to the member countries of the Asian dollar economy, and no matter how the members of the Asian dollar economy are hit by the economic crisis, their wealth will not be plundered by the American banks, and the real estate of those enterprises that cannot be supported by the economic crisis will also be taken over by the Chinese banks.

And the trade deficit has intensified, and China can even get gold from the United States.

However, China's export has a weakness, that is, light industry exports are developed, while heavy industry has insufficient production capacity and can only meet domestic demand.

Because of the end of the First World War, there was a lot less production of munitions, and this part of the production capacity could be converted to other exports, so it was better.

This year, China's total production of ordinary steel has broken through from 21 million tons to 30 million tons, which is only 13 million tons short of catching up with the United States, and in terms of special steel production, China has exceeded 800,000 tons, far surpassing the United States.

In terms of steel exports, the United States still has the advantage.

U.S. steel has pricing power, but Chinese steel is cheaper to produce, because it is not exported in large quantities, so it does not compete with U.S. steel, but it also makes Chinese steel exports highly profitable.

With the development of China's heavy industry, the competition between China and the United States in heavy industry will also become stronger and stronger.

Xia Jun doesn't care too much about steel exports, after all, steel is also a raw material, and it is more profitable to sell it into machine tools, automobiles, aircraft, ships, and machinery.

However, China has an advantage in steel such as building materials, because the production cost is 30% lower than that of American steel companies, which is a huge competitive advantage.

In 1918, China's Engel consumption index fell from 32 percent to 27 percent, and the coastal provinces were already living in a state of great affluence.

The inland provinces and northern provinces also began to enter a phase of relative affluence.

Moreover, with the development of the aquaculture industry, the quality of national living standards has been improved by leaps and bounds, and it has become a country whose quality of life has surpassed that of the Western world from a semi-feudal and semi-colonial country ten years ago.

For the ever-improving quality of life, the people also became more fond of the Reich Führer.

In addition, the merchants in China who advocated the freedom of Mingzhu were suppressed, and those who were free of Mingzhu received economic and policy support, so they were quickly drowned in the sea of people.

Many citizens demanded that Xia Jun ascend the throne immediately, and the people of the provinces often complained: "When will the head of state ascend the throne!" Wait until your hair is gray. ”

There are also some old people who are also looking forward to Xia Jun's accession to the throne every day, afraid that they will not see that day when they die.

At this time, the elderly in China could get a pension every month, so that they could live without worrying about food and clothing, as the so-called old people have support, and the few have education, and the empire has realized this social process.

For the coming 1919 year, the military spending of the Reich increased sharply.

Last year, the army's military expenditure was overdrawn by 100 million yuan, and this year it is about to start a war with the Soviet state on the Western Front, and in addition to the expansion of the army, the army's military expenditure has increased to 1.8 billion yuan.

This is a sum of money that must be invested as a land power country, and if it is a sea power country like the United Kingdom, they do not need to invest so much money in the construction of the army in peacetime.

The military expenditure of the Navy is 1 billion, and the funds for the manufacture of warships are in place, and now it is only training and maintenance, and the military salaries of sailors have been paid.

Since the training in the Navy is insane, it is also expensive.

The Air Force's budget is 500 million yuan, and it has not built many aircraft, mainly in research and development, and the construction of military airfields.

After deducting military spending, there is still 10.7 billion yuan in the budget, which will be handed over to other departments for budgeting, and military spending will be budgeted in advance in the future.

Military spending will be China's top secret, and no one will know about it except for the top military and political leaders, and this involves an armament issue.

The post-war world situation seems to be peaceful, but in fact all countries are trying to weaken the armaments of other countries and increase their own.

This year's budget is very sufficient, and all departments have got a lot of money, especially in construction, but those key railways are to be repaired with political axes, because some railways with high construction difficulties will not be repaired by private capital, because there is not enough rate of return, and repairing them is tantamount to doing a loss-making business.

It is different to repair the political axe, which looks at the problem from a strategic perspective.

Money is just a pile of paper, and if necessary, the political axe can also print a lot of money, and of course it can also raise money by raising ordinary taxes.

At this time, China's political axe is very light in terms of taxes, which is undeniable, especially for the people at the bottom, which is basically equivalent to no taxes and benefits.

The empire's taxes were mainly commercial taxes, as well as some windfall taxes, luxury taxes, and personal income taxes for the middle and upper classes.

This made the empire's society very stable, since the gap between the rich and the poor was not obvious, because the social contradictions were very minor, almost equal to none.

In addition, the Huaxia Society restrained the behavior of merchants, so that merchants could not possess those resources that were in short supply in society without restrictions, which also prevented social contradictions from occurring.

The result of the absence of social contradictions is that the rule is firm, and there are fewer and fewer citizens who oppose the imperial political axe, and even some of the groups whose interests have been damaged by the old society are now rarely attacking the imperial political axe everywhere.

…… With the arrival of the end of the year, Hangzhou held the first East China Film Festival, the first East China Film Festival held a very strict process, named actors, directors, screenwriters and other personnel must be present, unless it is a reason not to come.

The East China Film Festival is a platform for China to promote China to the world, and actors, directors, and screenwriters are a window to spread China's social situation to the world.

Therefore, the empire has strict requirements for these artists, and as a public figure, they cannot do anything that damages the reputation of the country.

Similarly, they should not engage in any behaviour that could have a negative impact on the adolescent.

Because they are public figures.

That's the price of being a public figure.

The East China Film Festival has a strict holding system, and the participants try on the dress one month in advance, and the order of appearance is what it is, as for whether they can win the award or not, whether they go to the cold bench, no artist has the right to ask. If you want to play a big name, then remove yourself from the entertainment industry!

What Xia Jun wants to build is the world's most prosperous film base, and a large film factory that is constantly bombarding the world.

Therefore, artists can't have too much of their own personal will, and artists can't be too free.

Any film shot at the same time must pass the review before it can be screened, and any film that is shown internationally and has the potential to damage China's image must be cut.

Chinese movies should be made more atmospheric and dreamy, not only the scenes should be larger, but also the plot should be a little entertaining, and at the same time add some elements of justice, and continue to show China's advanced and civilized side.

At this time, the Hollywood Oscars had not yet been established, and China was one step ahead.

(To be continued)