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In 27 years, the economic situation of the United States and China has always been hot, and the economies of Britain and France have begun to make great progress, but the most eye-catching performance is Germany, the third year of the Dawes plan, their economy has successfully recovered to the pre-war level, once again surpassing Britain and France, becoming a Western country second only to the United States, and the largest economy in Europe.

Europeans are also very optimistic about the economic outlook, and even Germany, a defeated country, has survived, so why should other countries not be optimistic? If people are optimistic about the economic prospects, they will spend more money, they will create a larger consumer market, and if nothing else, the economy in Europe will grow faster next year.

Just after 27 years, Yang Chao issued an order that defied economic common sense, so that Yangzi Bank began to tighten the monetary base.

Yangzi Bank is so large, and the various moves it makes are sometimes greater than the impact of the central bank, so it is impossible to slow down the market, but the market development has been too blind in recent years, and everyone seems to be unable to see the ceiling of the market.

Therefore, the behavior of Yangzi Bank is actually a wake-up call for them, independent economists in the economic field have made predictions of economic crises, but no one listens, because this kind of prediction is made every year, there are predictions that the economy will collapse, there are predictions that the economy will continue to prosper, it will be more prosperous, no voice can set off too much wind and waves, in a crazy economic boom, everyone does not think about tomorrow, only about how much money can be earned today.

Compared with European and American politicians, who spend their days fooling the common people, telling them that civilized countries have completely eradicated poverty, China's optimism is far from it.

However, some people still responded, although Yangzi Bank is an independent accounting legal person, but there are many related banks, only Yangzi Bank controlled by the big money bank, big banks there are 30, these 30 financial enterprises, these 30 financial enterprises, these years have developed into a national large financial enterprises, the least money bank has also laid a business network across the country.

Yangzi Bank originally controlled these financial industries, but did not spend money to buy, but exchanged for their own shares, so the owners of these money banks and banks are also shareholders of Yangzi Bank, Yangzi Bank can not hide its own shareholders from shrinking the bank, and also explained the reason to them, that is, Yang Chao believes that the market is overheated risk, so he wants to recover cash to deal with the cold winter.

The last time Yang Chao contracted the monetary base was when the European war was about to end, at that time no one saw the possibility of an economic crisis, so at that time Shanghai's financial industry suffered a lot of losses, but at that time, everyone's hand to make a fortune in the European war was soft, and these financial enterprises controlled by Yangzi Bank did not see it, so they did not follow the policy of Yangzi Bank and continued to lend aggressively, and as a result, they suffered heavy losses in the post-war economic crisis.

This time, they learned to be obedient, and most of them chose to follow Yang Chao's strategy, but they were not as thorough as Yang Zi Bank, and they still chose to keep some of the least risky loans, such as the loan to Zhang Jian's Dasheng Group, which was considered the safest business.

In order to prevent the market from collapsing, Yang Chao also released smoke bombs to the outside world, saying that Yangzi Bank recovered cash in order to do a big business, such as providing funds for some research projects in Yangzi Laboratory.

In addition, the national economy was so prosperous that Yangzi Bank's move to withdraw cash only caused a very small fluctuation, and soon other banks took over the share of Yangzi Bank.

In recent years, the power of Shanghai's banking industry has further developed, and the 31 large financial enterprises controlled by Yangzi Bank have exceeded 100 million capital, and the largest Shanghai Commercial and Savings Bank has taken the lead in reaching 1 billion scale, but Chen Guangfu's sense of smell is very sensitive, he chose to follow Yang Chao to the greatest extent, and also began to do light assets, began to recover the due industrial loans and not continue to lend out, turning cash into convenient tickets, such as treasury bonds, railway bonds and public housing bonds.

Next year is 29 years, Yang Chao's move is obviously in response to the world crisis caused by Wall Street in the United States, this big crisis is obviously inevitable, because the economic situation is there, the US economy has been overheated for several years, all relying on loose monetary policy stimulus, once the financial collapse, it is a comprehensive collapse, and it is impossible for the financial not to collapse, the accumulated bubble is getting bigger and bigger, and it is only a matter of time before it bursts, so the postponement, the more serious the crisis.

If the Americans had punctured this bubble the year before last, they would only have to experience a normal economic crisis, but this time they have a Federal Reserve, a strong central bank and an easy monetary policy, so that the economic bubble in the United States has been suppressed, so it has been completely unbalanced, and once it bursts, the United States will experience a hard landing.

Yang Chao does not believe that China can avoid this super crisis that will affect the world, but he hopes to maintain China's economy on a soft landing and not have short-term collapse-like symptoms.

However, the net assets of Yang Zi Bank are too large, it has exceeded 5 billion taels, if it is withdrawn from the economic system at once, the country can not stand it, so Yang Chao has to deploy in advance, and began to tighten cash at the beginning of 28 years, and slowly drain the funds in two years, the impact on the economy can be minimized, and at the same time, it will also give other banking industries a chance to swallow this market.

At this time, the experiment of the Lijin-Dongying express train was very successful, but there were still some minor problems, such as the problem of contact with the power grid under the operation, and the ballast between the railway sleepers was always shattered under the high-frequency vibration of the rails.

This section of the electric high-speed railway track, using expensive steel sleepers, sounds a bit incredible, and the cost of using steel as sleepers is too expensive. However, steel sleepers are not the first to be used here, the Germans built the Jiaoji Railway, using steel sleepers, and the Germans did not hesitate to work at that time.

The reason why steel sleepers are used instead of wooden sleepers is because steel sleepers are more stable than wooden sleepers, but the price is really high.

Just 40 kilometers of single-line test track, 20,000 tons of steel were used, the economy has been prosperous in recent years, the price of building materials has soared, the price per ton of steel has not been less than 10 taels of silver, this is 200,000 taels of silver, plus other building materials, labor and equipment, a kilometer costs 50,000 taels of silver, more expensive than the Jiaoji Railway, this is only a single-track test railway, if the construction of double line and long line, but also consider other projects such as tunnels and bridges, the cost is afraid to double, 1 kilometer to reach 100,000 taels of silver, high-speed rail really costs.

But Yang Chao still promised Siemens that if they can solve all the problems, then Yang Chao is still willing to invest in construction, and he is not afraid of spending money.

Isn't it just to prepare for war and famine now?

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