By 1932, the Great Depression had reached its climax. It was a nightmare memory for workers all over the world. The recession in Europe and the United States has reached its peak, with 13.7 million people unemployed in the United States, 5.6 million in Germany and 2.8 million in the United Kingdom. It is estimated that in 1929 the operating rate of the entire industry in the United States reached only 80 per cent, and the amount of investment (in 1958 dollars) fell from $40.4 billion in 1929 to $27.4 billion in 1930 and then to $4.7 billion in 1932.

Germany is even worse, burdened with the heavy debt pressure of the Versailles system, and the French economy is frantically forcing debt to Germany. The Weimar government had no choice but to repay its debts with the inflation of the Great Printing Bill, which led to the devaluation of the mark at a terrible rate. At that time, the face value of Germany's currency had reached 20 billion, and the value of buying an egg was equivalent to buying 30 million in the past. depicts a man who forgets that a basket of money is on the street, the money is thrown to the ground, and the basket is taken. The mark has become waste paper, and the unemployment rate of the German people has long exceeded 50%.

Grain prices have risen at world prices, and almost all the capitalist industrial countries are facing the dilemma of bankruptcy.

At a time when the world is in mourning, only two countries present a completely different situation. That is the USSR and China.

The sub-planned economy of the Soviet Union did not have any unemployment problems at all, and the powerful planned bureaucracy adopted a production model that distorted supply and demand and forced distribution. The state arranges all the people's consumption, including food, clothing, shelter and transportation. As long as the system does not fail, there will be no such thing as an economic crisis.

The situation in China is even more interesting, with fixed food prices, a stable currency, and a lot of infrastructure investment. Compared with world investment, China's large investment is very "forward-looking". According to statistics, since 1926, China has spent more than 15% of its total industrial and agricultural production on scientific and technological research and development and education. The trade balance policy protected China's economic territory, and China no longer had to provide gold to the United States during World War I, but only used the gold deposited in China as collateral, and the United States and Britain were willing to provide credit to China for China to purchase American and British goods.

In the Western Pacific Economic Circle, China's economy is stable, the currency is stable, and supply and demand are stable. As an important settlement currency in the Western Pacific Economic Circle, the renminbi has shown a super stable posture based on China's huge economy. As long as the Western Pacific can be integrated into China's economic circle and participate in China's economic circulation system, it can rely on the Chinese market to get a stable life. From large ships to small needles and threads, China can produce them. China is a market that imports a large number of raw materials and high-tech products. If the price of certain goods is really low, China will even import them. Of course, the premise is that you are willing to settle in RMB. In just a few years, the renminbi's credibility has been established.

All of this depends on the development of China's banking services, and several of China's major commercial banks have established their own overseas branches in many cities in Southeast Asia to implement non-local remittance settlement business. When you go out to do business, you can't carry bundles of money on your shoulders, and even more so when you cross the ocean to do business. For example, if someone deposits 1 million RMB in the China Construction Bank Manila branch in Manila, and then withdraws the 1 million RMB from the China Construction Bank branch in Guangzhou, China, then the easiest thing is to contact the Manila branch in Guangzhou to determine whether there is such a thing. It is also necessary to determine the reliability of the deposit receipts, withdrawal slips, etc., carried by the withdrawer. It is also necessary to determine whether this guy belongs to a fraud gang, and whether he has taken advantage of the time difference to go to the Guangzhou branch in China to withdraw money again after withdrawing money from other branches.

If there are only three or five orders, then the bank's special telegraph communication can still withstand it, but the larger the amount of data exchanged, the longer it will take. Moreover, the amount of many services is not large, and the priority rate of sending telegrams is ranked last for the access and withdrawal of dozens of dollars. Banks have always been one of the largest customers of computer networks and the most security-minded. It's not for nothing.

In the 1930s, wireless telegraphy had already spread around the world, and if there had been no telegraph earlier, there would have been such a thing as "endorsement", that is, some foreign payment withdrawal slips, with the credit guarantee of the big banks. If the list is a fraudulent list, the big bank will have to take on the list with "endorsement". This is also one of the origins of the modern credit system in Europe and the United States. Foreign countries attach great importance to "signatures", because after signing they have to assume responsibility.

The biggest difference between the People's Party and the Soviet Union is that it attaches great importance to the construction of financial and banking sectors. China has been building on this for many years, and during the Great Depression, the Bank of China finally went to the Western Pacific. It has become an important financial force in the Western Pacific region and one of the most important economic pillars of the Western Pacific economy.

It is inevitable that the Netherlands will not be able to attract the wind, for example, and the attitude of the Netherlands is clearly different from that of the United Kingdom. With the support of China's banks in Westpac, overseas Chinese finally found a big backer. In the past, the money they earned could only be kept at home, or in Dutch banks, and the richer ones could be put in English banks. The People's Party has also been operating hard in Southeast Asia for almost two decades, and with the services of Chinese banks, most of the overseas Chinese keep their money in Chinese banks.

Before the economic crisis, the Netherlands may have been able to turn a blind eye to this, but after the economic crisis, a large number of foreign banks failed, especially in the Asian colonies of the Netherlands, and a considerable number of banks failed because Chinese overseas Chinese withdrew money from Dutch banks and deposited them in Chinese banks.

As the Great Depression intensified, the Netherlands needed to withdraw money from its colonies back to Europe to bail out its economy. It's just that there is no money to draw. The mentality of the colonists was simple, that is, to constantly draw blood from the colonies. The colony is like the pig farm of the colonists, the pigs are fattened just to eat more meat, and the feelings of the pigs themselves are not at all what the colonists want to care about. They are forced to care, and only for the sake of eating meat more effectively and for a longer time. Overseas Chinese have China as their backer, and the Dutch really find it unbearable.

The BJP was quick to get the news and reacted calmly. This thing just happens sooner rather than later, and it's impossible not to happen. Now that the Netherlands has been made the target of war, the only question for the BJP is to ask, "Is China ready for war?" ”

It would be an expedition across the sea, the type of war that China has not fought in hundreds of years. This will also be a war that will change the situation in Southeast Asia, and there is no turning back from the so-called bow. Once this step is taken, there is no turning back for China. Chen Ke really wants to prepare for a few more years, the in-depth research of electron tubes has begun, and the research of transistors and lasers has also reached the final stage, and I don't know when I will get a breakthrough. No one in this world understands the significance of these two technological breakthroughs better than Chen Ke. As long as there is a breakthrough, as long as the simplest single-chip microcomputer can be put into practical application, China is unlikely to fail. This is true even in the face of the United States.

However, many things are not subject to China's will, and once the Netherlands makes a move, China must respond with a tough attitude. It's an option that can't be found. Because the Netherlands dares to take the lead, if China only knows how to protest, it will trigger a chain reaction throughout Southeast Asia. China's presence in Southeast Asia will immediately suffer great losses.

By June 1932, Chen Ke finally gave the order to prepare for war. China has thus entered the orbit of war.