Chapter 563: Forty Years of Glory of the Chinese Empire
readx;
"Shameless! It's just outrageous! β
On the ruins of Downing Street in London, after a massive bombing by the Luftwaffe, a dusty Churchill stood on the ruins and cursed loudly. Pen, fun, pavilion www. biqugeγ infoββ
People who don't know the inside story think that Churchill is scolding the Germans, because the Luftwaffe resumed its large-scale bombing campaign against Britain today after a pause of more than two months, and in today's bombing, the Germans dropped 15,000 tons of aerial bombs on London, and all the city of London except Chinatown was bombed, hundreds of thousands of houses were destroyed, hundreds of thousands of people were injured, and millions of people were homeless again. So, there is reason to believe that Churchill was scolding the Germans.
However, only the officials around Churchill knew in their hearts that Churchill was not scolding the Germans at all, but the Chinese. Because Churchill had just received reliable information that the Germans had resumed their oil trade with the Chinese Empire, importing 5 million tons of refined oil and 12 million tons of crude oil from the Chinese Empire, Germany's huge war machine was back in motion thanks to oil from China.
Originally, Churchill believed that after the destruction of the German oil industry in Romania by the combined Anglo-French air force, and a series of bombardments of the oil refineries in the German industrial area, the German war machine would be halted because of the lack of oil. This is evidenced by the fact that the Luftwaffe stopped its massive bombing of London for two months - the Germans ran out of fuel.
But now the Germans have resumed their bombing campaign against London, which shows that the Germans have solved the oil problem. Even if Churchill did not have the intelligence of the MIA in his hands. He could also guess that no country in the world could solve Germany's huge fuel consumption in such a short period of time, except for the Chinese Empire, had the ability to do so.
"Damn it! Which side are they on? β
Similarly, General Gan Molin, who was full of cannon fodder, couldn't help but complain after coming out of the bomb shelter.
"I think this war will again be in a stalemate like the First World War! It is clear that the Chinese Empire, in order to make money, will once again shape the scales of war, leaving us to fight endlessly until we are exhausted and drained of the last penny. β
Secretary of Defense, General Albertine, broke through the strategic intentions of the Chinese Empire in one sentence, and his analysis was so profound that Churchill and others were amazed.
"This must not be allowed to happen again!"
Churchill turned to the crowd and said, "We have to stop it!" Otherwise, in the endless consumption of the last world war, the savings of our British Empire for hundreds of years will be exhausted. In the end, it's a tie. Is it possible to wait another twenty years for a third world war? β
Albert patted the dust on his body and sighed, "How can you stop it?" When we go and say to the Chinese, 'You are not allowed to export oil to the Allies anymore,' do you think they will admit it? They will certainly reply to you, 'I don't understand what you mean, this kind of irresponsible accusation will affect the overall situation of China-UK relations.'" Then he put the evidence in front of the Chinese. Tell them that I have evidence, aren't you afraid of turning against the Chinese Empire? β
Gan Molin nodded, and said: "Yes, if there is no evidence, people will not admit it, if there is evidence, it is estimated that it will turn the face, after all, if the allies import oil from the Chinese Empire, the annual transaction amount will be as high as tens of billions of dragon coins, this huge amount of money is enough for the Chinese Empire to fully protect, and it will not hesitate to turn against us." β
Churchill let out a long sigh and complained with some confidence: "Then just sit back and do nothing?" The Germans had oil. Its military might soon overwhelm us. β
Albert said: "I think the Chinese Empire's fear of Germany is far greater than their concern for us, and it can be seen from their willingness to export the most advanced weapons and equipment to us to help us solve the crisis. βββ
Baldwin, the chancellor of the exchequer who had been silent, suddenly said: "It is not completely impossible to prevent Germany from obtaining oil from the Chinese Empire. β
Churchill turned to Baldwin and asked, "Tell me what you think!" β
Baldwin then replied: "Last year, the world's oil production was about 220 million tons, and the Chinese empire alone controlled 170 million tons of oil, of which the Chinese empire itself consumed about 70 million tons, and the other 100 million tons of oil were exported to the world in the form of crude oil and refined oil. Among them, Europe is the main consumption region. After the international economic crisis, European countries have adopted certain resistance activities against the oil of the Chinese Empire, for example, two-thirds of our country's oil is imported from the United States and Venezuela. β
Churchill asked, "We all know this, what is it that you want to say?" β
Baldwin smiled bitterly: "I want to stop the Chinese Empire from selling oil to the Allies, but I can't offend the Chinese Empire." Then there is only one way, and that is for us to buy all the oil that the Chinese Empire uses for export. In this way, the Chinese Empire will cooperate with us without losing its interests. β
Gammelin agreed: "That's a good idea!" Buy all the oil of the Chinese Empire, so that you can not only establish huge economic and trade relations with the Chinese Empire, pull him into our camp, but also block the demand for oil from the Allies! β
Churchill pouted and said, "Good is good!" But the problem is that with our current financial resources, we simply can't afford so much oil. β
Baldwin thought for a moment and said, "At the moment we can cancel the 11 million tons of oil imported from the Americas every year, and our strategic petroleum reserve is already less than 3 million tons, and we need to increase it to 20 million tons." In this way, we can free up a 31 million tons of oil shortfall and import it from the Chinese Empire. In addition, in alliance with other allies, oil was imported from the Chinese Empire. Together, we will buy out the oil of the Chinese Empire, so that Germany can be prevented from obtaining oil energy. β
"However, we all import crude oil from the Chinese Empire. Then there will be no buyers for the oil of the Americas, the oil of Borneo. The Germans can get oil from them! β
Churchill thought for a moment, so he said: "The Chinese Empire will not watch the oil of the Americas flow into Germany, they will definitely take action, we only need to cooperate, it is enough to cut off the channel of the oil of the Americas to the Allied countries." As for Borneo's oil, now that the Netherlands was occupied by Germany, intelligence reported that the Republic of Lanfang had received the tacit approval of the Chinese Empire and would soon launch the Borneo War to annex the Dutch East Indies. At that time, Borneo's oil will also not be able to be exported to Germany. β
Albert suddenly asked, "We want to monopolize the oil exports of the Chinese Empire." I'm afraid the price will be enormous. In terms of the style of doing things in the Chinese Empire, they will definitely sit on the ground and raise the price. β
Churchill nodded, sighed, and said, "So this is not a cure for the root cause, what we need is to end the war as soon as possible." Prevent endless consumption. β
"One year!" Baldwin affirmed: "We are frugal, as long as we hold on for a year, buy all the oil exported by the Chinese Empire in the next year, so that the Germans will not get oil for a year, and deplete Germany's current oil reserves, so that their planes and tanks cannot move, we will win!" β
Albert then asked, "What about the U.S. side?" If we abandon oil imports from the United States, we will cause huge economic losses to the United States. I heard that Roosevelt and Hitler were very close, but they were both Nazis. If virtue is united, how should we respond! β
Churchill laughed and said, "That's exactly what I'm going to see!" If the United States were to join the Allies, what do you think the Chinese Empire would choose? β
Everyone looked at me and I looked at you, but they didn't quite understand what Churchill meant. ββOnly Gan Molin smiled and said: "It turns out that what you said about dragging the Chinese Empire into the water at any cost is what you mean!" β
Churchill laughed a few times, nodded and said, "That's right! Although I don't understand why the Emperor of the Chinese Empire wants to encircle and restrict the United States in all kinds of incomprehensible ways, I know that if the United States joins the Allies, the Chinese Empire will definitely join our Entente. β
Albert thought for a moment and said, "That's true! No matter why the Chinese empire is so jealous of the United States. What they are doing now is based on suppressing the United States, and if they can pull the Chinese empire into the Entente camp, then it is worth giving up the United States. After all, the United States was more powerful than the Chinese Empire, and its influence on the outcome of the war was crucial. β
Everyone nodded. Agree with Churchill and Albert. So, the British government sprang into action. Together with France and other Entente countries, as well as the government-in-exile, a huge oil purchasing group was formed to raise tens of billions of dragon coins to prepare for negotiations with the Chinese Empire.
At the same time, the Ninth Five-Year Plan of the Chinese Empire was already in the works.
After more than 40 years of development, the Chinese Empire has made remarkable achievements in the political, economic, military and cultural fields.
In January of the 40th year of Guanghua, the Imperial Bureau of Statistics published the data on the main macroeconomic situation of the empire that year began in December last year under the title of "The National Economy Continues to Maintain Steady and Rapid Development."
In its annual economic report to the Diet, the Cabinet of Ministers takes stock of the top 10 representative economic data as a reference for members of the Diet to peek behind the clues behind the data and formulate the next five-year plan.
Due to the overall economic recession brought by the international economic crisis to the world, the GDP growth rate of the Chinese Empire has also been affected, and the growth rate has dropped from more than 20% five years ago to less than 12% in 39 years, but the per capita GDP has exceeded 500 dragon coins, surpassing the Netherlands to become the third in the world, and the per capita income of the first Switzerland is only 12 dragon coins, marking that the per capita income of the Chinese Empire has also entered the ranks of the most developed countries since Guanghua became the world's number one developed country in the tenth and eighth years.
The Imperial Ministry of Finance, one of the five provinces and nine ministries of the empire, calculated in its report to Congress: "In the thirty-ninth year of Guanghua, the Empire's gross domestic product (GDP) exceeded the 200 billion dragon dollar mark, reaching 201.6 billion dragon coins, an increase of 11.6% over the previous year at comparable prices." In the last five-year plan, the GDP growth rate of 11.6% in 39 years was not small compared with 19.4% in 35 years, and it was also the lowest growth rate since Guanghua 10-8 years ago (basically the same as the growth rate during the international economic crisis). In terms of quarterly GDP growth rate. The first to fourth quarters were 2%, 2.4%, 2.3% and 2%, respectively. Since the second quarter, it has also shown a trend of decline quarter by quarter, and the decline rate in the fourth quarter is larger. Month-on-month data is more indicative of short-term economic trends than year-on-year data. From the perspective of per capita GDP, the per capita GDP of the empire in 39 years is about 501.2 dragon coins, which is the first time that the per capita GDP of the empire has exceeded the 500 dragon currency mark, realizing that the per capita income of the empire has entered the ranks of the most developed countries and has become a veritable supereconomic power and power.
Affected by the international economic crisis, the Ministry of Industry failed to achieve the expected high growth rate in the last five-year plan, and the growth rate of industrial added value fell and was lower than the historical average. Since the GDP statistics are calculated based on the value added data. However, indicators such as fixed asset investment and total retail sales of social consumer goods are not consistent with the statistical caliber of GDP, so the industrial added value can better reflect the economic operation.
The MPs carefully considered the report of the Ministry of Industry. In the 39th year of Guanghua, the year-on-year growth rate of industrial added value was 11.9% at comparable prices. Compared with 13.7% in 30-8 years, there has been a significant decline. ββ Excluding the 36 and 37 years during the economic crisis, like the GDP growth rate, it also created the lowest growth rate since Guanghua 10-8 years, which is significantly lower than the historical average of 16-17% since Guanghua 10-8 years.
With regard to the report submitted by the Ministry of Foreign Trade, members of Congress clearly felt that there had been a significant decline in both foreign exchange reserves and foreign exchange accounts.
Throughout the treaty era, the year-on-year growth rate of the Chinese Empire's foreign exchange reserves and foreign exchange balance basically showed an inverted U-shaped trend, and the years before the economic crisis were in the high area, with the highest growth rate as high as 50%, but since the economic crisis, the growth rate has fallen sharply. By December of the 39th year of Guanghua, foreign exchange reserves and foreign exchange balances had long ceased to grow and had entered a pattern of substantial negative growth.
This is mainly stimulated by the outbreak of the Second World War, the national currencies of various countries have depreciated sharply, and the dragon currency of the Chinese Empire is the only currency in the world that continues to adopt the gold standard and is linked to gold, and it is also an international currency. This brings the negative growth of these two indicators to 11.7% and 12.3%.
With the outbreak of World War II, international countries have increased their holdings of dragon coins, because dragon coins, as the only international currency, are the only payment currency that can be used by various belligerent countries to buy international goods.
As a result, the number of dragon coins used for circulation in the Chinese Empire was massively reduced. The Imperial government is under tremendous pressure to be forced to appreciate in value. At the same time, despite the fact that the Chinese Empire carried out large-scale mining of gold and silver around the globe. However, in the 39th year of Guanghua, the empire mined 1,250 tons of gold and 113,000 tons of silver, but there was still a gap of up to 20 billion dragon coins issued during the same period. For this reason, in order to curb the appreciation of the dragon currency and affect the gold standard, the Imperial Bank had to issue additional banknotes to inject into the market.
According to the data reported by the Imperial Bank, the total foreign exchange reserves of dragon coins held by European and American countries are as high as 89.3 billion dragon coins, plus the gap between gold and silver, by the end of Guanghua 39, the Central Bank of the Chinese Empire has issued an additional 70 billion dragon coins of paper money into the domestic and international markets.
It is clear that the gold reserves of the Chinese Empire are far from being able to exchange paper money on a one-to-one basis, and theoretically indicate that the dragon coin has depreciated by two times the value of gold. However, due to the strong national power of the Chinese Empire, its national credit is the only SS-level standard in the world, so there is no risk that people around the world will sell their dragon coins to exchange for gold. The government of the Chinese Empire has an unshakable absolute national credit, which makes the Dragon Coin practically not at any risk of depreciation, but continues to have strong upward pressure.
Of course, if the dragon currency suddenly depreciates, for the Chinese Empire, there should be a loss of 60 billion dragon coins, but because of the huge foreign exchange reserves of more than 89 billion dragon coins held internationally, it will have to share half of the depreciation risk. Therefore, in fact, the losses of the Chinese Empire will be paid for by the people of the whole world. That is to say, half of the additional dragon coins issued by the Imperial Bank of China are actually equivalent to robbing the countries that hold dragon coins in the world, and it is a naked robbery.
The Reich MPs have put forward this seemingly "shameless" plan more than once, but the majority of the MPs believe that if the Reich government starts the printing press, it will issue more money on a large scale. Although in a short period of time, it was possible to rob the imperial government of huge wealth from the hands of people all over the world. But one in every four Chinese in the world, in fact, a quarter of the wealth is robbed from the hands of the imperial citizens, which is absolutely not allowed by the imperial citizens of the Chinese empire, which is already highly free, democratic and civilized. As a result, this "shameless" plan for a large-scale increase in the issuance of banknotes has been shelved.
But in fact, the Chinese Empire's gold standard has been shaken. Gold reserves could not keep up with the circulation of dragon coins, and sooner or later there would be a gold exchange crisis similar to that occurred in the United States at the end of the 19th century, so the Imperial Congress had to focus on it.
"Your Majesty means abolishing the gold standard and adopting a floating exchange rate system guaranteed by state credit!"
At the parliamentary debate meeting, Wu Zinan, the Minister of Finance of the Empire, truthfully conveyed the attitude of the Emperor Wang Chenhao. ββ
In Wang Chenhao's opinion. He believed that the dragon coin had now become the only universal currency in the world, and that the gold standard could be completely abandoned, so that whenever the Chinese empire encountered an economic crisis, it could start the printing press to issue more dragon coins on a large scale. That is, to adopt a policy of quantitative easing, to transfer the crisis of the Chinese empire to the whole world, so as to achieve the goal of protecting the empire itself.
Wang Chenhao's idea has always existed in his whole brain, and he always thinks back to the United States of his time, and whenever a crisis breaks out, he uses this means to transfer the crisis, and he has tried it repeatedly.
Therefore, Wang Chenhao is the person who adheres to this idea the most. However, Wang Chenhao had already delegated the executive power of the government to the Imperial Cabinet and the National Assembly, in order to protect the democratic system of the Empire. Wang Chenhao will not easily undermine its prestige, so the current Wang Chenhao only expresses his personal views on other things except for controlling military power, and is not coercive. Everything is up to the discretion and resolution of the Cabinet and the Congress.
As one of the most important senators of the Imperial Senate, he has been sending people to secretly carry out one thing, that is, to find the myths and legends of the American continent - Inca treasures.
According to Junard, the information he has indicates that the Inca treasure did exist. Moreover, top-secret Spanish documents leaked from the Spanish Civil War show that when Spain invaded the Americas, the Indians secretly transferred the entire Golden City. The so-called hundreds of tons of gold obtained by the Spanish army were only the tip of the iceberg of gold accumulated by the Indians for thousands of years. Tens of thousands of tons of gold were buried.
With the establishment of intelligence collection agencies by the CIA on the American continent, as well as the many discoveries made by the missionaries and expeditions of the empire in the Americas, it shows the real existence of the Golden City at that time. Moreover, the American continent is rich in gold and silver, and all this shows that the legend of the Inca treasure is true.
For Zhang Nade himself. As one of the founding fathers of the empire, he and his family were rewarded with enough property by King Chenhao to live without worry for several generations. Therefore, Zhangad did not want to take the legendary Inca treasure for himself. His real idea is to solve the difficult problem that the empire is facing today that its gold reserves cannot keep up with the speed of economic development, if the legendary Inca treasure can be found, then there will be a huge amount of gold available, which can ensure that the Chinese Empire will continue to implement the gold standard, and the hundreds of billions of dragon coins issued over the years will be guaranteed.
"I'm against it!"
Zhangnad again raised his objection, and this is already the twentieth time. Since Zhangnad's influence in the Imperial Assembly is very large, a considerable number of parliamentarians will choose based on his attitude.
After a vote in the House of Councillors, 510 seats were in favor of the gold standard and 490 were against, and the House of Councillors once again rejected the financial reform proposal submitted by the Cabinet and kept the gold standard unchanged. However, the number of people who opposed it was increasing compared to previous votes.
Wu Zinan held a private meeting with Zhang Nade and asked, "Senator Zhang, you should know very well that even His Majesty supports the abandonment of the gold standard. β
Zhang Nade nodded and said, "I understand! But Your Majesty didn't force me, did he? β
Wu Zinan smiled bitterly: "You know that Your Majesty will not easily interfere in government affairs!" β
Zhang Nade smiled, "Please give me some more time!" I will give a satisfactory account to Your Majesty and the Congress! β
Wu Zinan asked, "I heard about your detachment sending people to search for Inca treasures in the Americas. But that's a legend after all, and even if you do find it, if you don't have at least 5,000 tons of gold in it, it won't be able to cover the risk of the Imperial Bank's additional banknotes. βββ
Jonnard nodded. "I know the risk! But I also know that the Empire's current international credit capacity is sufficient to maintain the stability of Dragon Coins. So if that day comes, I won't stop it. After all, I love our country more than anyone else! β
Wu Zinan naturally didn't doubt Zhang Nade's loyalty to the empire, so he said: "I understand! I'll explain it to the Cabinet! β
After Wu Zinan left, Zhang Nade's secretary came in and said, "Lord Qiqi, there is news from the American expedition!" β
"Really?" Zhang's eyes lit up suddenly.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In order to cope with the impact of the increase in the number of dragon coins in the domestic currency market of the Chinese Empire, and in order to avoid the impact of the large issuance of additional dragon coins on the international credit of the dragon coins, the Imperial Congress finally agreed to the central bank's macroeconomic control plan after a series of discussions.
In the first six months of Guanghua's 39th year, the Imperial Bank lowered the reserve requirement ratio by 0.5 percentage points every month. As a result, the liquidity of the banking system has been loosened, the credit supply capacity has been greatly expanded, and the corresponding money supply growth rate has also begun to rise, which is especially obvious in the second half of the year. The year-on-year growth rate of broad money supply (M2) was sharply higher than the 11.7% growth rate in December 39-39. The year-on-year growth rate of the narrow money supply M1 increased even more, from 7.85% in December 30-8 to December 39
With the outbreak of World War II, in order to compete for various strategic materials such as oil, steel, grain, medicine, and munitions of the Chinese Empire, various countries exchanged gold and silver for a large amount, and the national foreign exchange reserves of dragon coins surged, resulting in the continuous tension of the domestic circulation of dragon coins in the Chinese Empire. The Congress once again rejected the proposal to abolish the gold standard, which put the central bank's plan to issue more money on a large scale on hold, so that the only way to increase the circulation of dragon coins in the market was to continue to reduce the reserve requirement ratio.
Fortunately, the Chinese people have a fine tradition of saving money, and the deposit amount in the major banks of the empire is as high as 6000 billion dragon coins. So there's still a lot of room to be released.
Thereupon. Congress approved the central bank's plan to cut the reserve requirement ratio by another 1 percentage point. Theoretically, this will stimulate the people of the empire to take out 100 billion dragon coins and put them on the market, thereby relieving the pressure of dragon currency appreciation. However, in reality, only about 50 billion dragon coins can be circulated in the domestic market, and the other 50 billion dragon coins will be sucked away by foreign banks, because foreign banks have to massively increase the reserves of dragon coins in order to pay for international trade, and the deposit interest rate is generally higher than that of the banks of the Chinese Empire, so a considerable number of imperial citizens will choose to deposit their money in foreign banks to continue to appreciate.
Of course, the imperial government had other ways to solve the problem.
With the report of the Cabinet of Foreign Trade Ministers submitted to the National Assembly for consideration, the empire's trade surplus began to pick up, and the net export contribution rate returned to growth from a negative situation. This provides parliamentarians with new solutions.
According to the report of the Ministry of Foreign Trade, in the 39th year of Guanghua, the trade surplus of the Chinese Empire was 55.1 billion dragon coins, an increase of 6.4 billion dragon coins over the previous year. Since the international economic crisis, the empire's foreign trade surplus has continued to grow negatively for ten years. This was facilitated by the arms exports of the Chinese Empire to the Entente and oil exports to the Allies. The doors of Europe's major belligerents were opened, resulting in a surge in export surpluses.
According to. Data on contracted orders provided by the Ministry of Foreign Trade. In the 40th and 41st years of Guanghua, it will obtain large-scale trade orders of more than 130 billion dragon coins from the two major European military blocs, which will make the dragon coins quickly flow back to the Chinese Empire and greatly cool down the pressure on the continuous appreciation of the dragon coins.
In addition to the actual appreciation pressure of the dragon currency and the theoretical depreciation risk are the current problems that the Imperial Congress needs to solve urgently, the real estate investment and sales of the empire have both fallen, and the short-term downward pressure on housing prices is also a major problem.
As early as the early thirties, the rapid development of the credit business and real estate economy of the Chinese Empire produced a huge bubble. The Imperial Chinese government's solution to this problem was to deflect the imperial credit crisis by shorting the dollar and imposing economic sanctions on Germany. Although the crisis was resolved at that time, the hidden dangers left over from the credit economic bubble could not be ignored. As the Chinese Empire triggered a global economic crisis in order to pass on the crisis, the international crisis soon acted on the foreign trade economy of the Chinese Empire, causing the imperial credit bubble crisis to show signs of a new eruption.
An imperial government with lessons from the past. Quickly came up with a coping strategy.
Since Guanghua thirty-three years. The imperial government implemented strict regulatory policies based on loan restrictions, purchase restrictions, and price restrictions, restricting the monopoly prices of imperial businessmen in real estate, automobiles, household appliances, and other industries, and introduced an anti-monopoly law for the first time, like the antitrust law in the United States in the last century, breaking the monopoly of the major imperial consortia on industries related to people's livelihood, greatly reducing the prices of real estate, automobiles, household appliances, and other people's livelihood-related prices, and at the same time prohibiting citizens from overdrawing personal credit on a large scale.
By the 39th year of Guanghua, the regulation and control of the imperial government had achieved phased results. The year-on-year growth rate of real estate development investment has stabilized at 1.9%, compared with 33.2% five years ago. People's livelihood products such as automobiles and home appliances have moved from the ranks of luxury goods to the ranks of ordinary goods. Antitrust laws have forced major conglomerates to adjust the prices of these goods to civilian prices (which are still luxury prices for domestic and international prices). The government's measures to restrict citizens from overdrawing their personal credit have also forced a considerable number of citizens to drop their credit lines sharply, and the number of people such as house slaves and car slaves has been reduced on a large scale.
In the last five-year plan, the risk of a latent credit crisis for the imperial government was greatly reduced. As a result, the Reichstag decided to maintain the current policy unchanged in the next five-year plan, and it is expected that after the end of the next five-year plan, the risk of a credit crisis will be completely eliminated.
For the Chinese Empire, more than 40 years of industrialization have caused the empire's urbanization rate to exceed 90%, and the proportion of urban and rural income has continued to shrink significantly.
In the 39th year of Guanghua, the urbanization rate of the empire finally exceeded 90%, reaching more than double the average urbanization rate of 41% in the world's industrialized countries, according to the League of Nations. Urbanization in other countries is slow, mainly because of land issues. The Chinese Empire, on the other hand, has a vast land area of more than 40 million square kilometers. The process of urbanization is unimpeded, and the land contradiction is the lowest in the world.
Of course, the empire was not without land contradictions. In the most developed areas in the east, due to the large population of the empire, and 60% of the population is concentrated in the developed areas in the east, more than a dozen cities with a population of tens of millions have appeared in these areas, and the extremely high population density has caused the price of land in these areas to soar, and the contradiction is the highest in the world.
In order to solve this problem, the members of the Imperial Congress decided to carry out the large-scale development of the western and northern regions and build large industrialized cities in suitable areas of western and northern Xinjiang. In order to divert the population pressure in the central and eastern regions.
Fortunately, at this time, the transportation network of the Chinese Empire such as road network, railway network, canal network and aviation network was very developed, coupled with the narrowing of the income gap between urban and rural areas in the empire, a considerable part of the population was willing to leave the central and eastern cities to develop in western and northern Xinjiang, plus subsidies from government funds, in the next five years. The Empire's plan to move 20 million people from the central and eastern regions to live in the west and north was likely to come true.
The last key issue for the Imperial Cabinet to submit to the National Assembly was the question of fiscal revenues. By the 39th year of Guanghua, the empire's financial revenue reached 4 billion dragon coins. It accounts for 20% of the gross national product, which is the smallest in the world. Mainly due to the world hegemony of the Chinese Empire, which ensured a stable international environment, the long-term low tax policy in the treaty era was one of the main factors for the rapid economic growth of the empire.
With the end of the treaty era, the outbreak of World War II forced the Chinese Empire to massively increase military spending. In particular, the imperial army has entered the jet age, the mechanization age, and the nuclear weapons age, and the military expenditure to maintain these three major items is huge, so it is imperative to increase taxes.
At the same time, another reason for the increase in taxes is that the imperial government has increased its fiscal spending on the national universal undergraduate education system, the universal health care system, the public social insurance system, the employment security system, and the culture, sports and media, so it is necessary to increase fiscal revenues to maintain the normal operation of these livelihood systems.
After the Cabinet decided to study and decide, the Imperial Diet passed a series of measures to increase taxes, and in the next five-year plan, the Imperial Fiscal Revenue will reach 40% of the GDP of that year. According to the calculation of the gross national product in 39 years, Guanghua will reach 8 billion dragon coins in fiscal revenue in 40 years. This fiscal revenue is equivalent to 40% of the total fiscal revenue of all countries in the world that year, which shows what a huge amount of revenue.
However, for the outbreak of World War II and the rise of Germany's military power, the real intention of the Chinese Empire to increase its fiscal revenue was to make the necessary military preparations in order to deal with any contingencies and ensure that the Empire's national defense security and global interests would not be affected.
As the Chinese Empire formulated the Ninth Five-Year Plan, the whole world was amazed, envious, and jealous. But the eyes of the world were focused on the battlefields of World War II, so the Ninth Five-Year Plan of the Chinese Empire was quickly ignored.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
On the European theater, the war between the Central Powers and the Entente was still largely at a stalemate stage. Although Germany received crude oil imported from the Chinese Empire, it regained its combat effectiveness. However, the Entente countries had powerful and advanced weapons and equipment provided by the Chinese Empire, and the superiority of the Anglo-French forces in equipment offset the superiority of the German army in combat quality.
However, by the beginning of the 40th century, the stalemate on the Nordic battlefield was broken. Although Finland was supported by a large number of advanced weapons and equipment from the Chinese Empire, it inflicted heavy losses on the Soviet army in the early days. However, with the continuous defeat of the command of the Finnish army, the advanced weapons and equipment have lost their suddenness, and the Soviet Red Army gradually figured out the performance and characteristics of these Chinese-style equipment, and carried out targeted operations. In the face of the formidable combat effectiveness of the Soviet Red Army, the Finnish army was gradually defeated.
On February 1~10, 1940, the Soviet army dispatched more than 500 aircraft, more than 300 tanks, and more than 440 artillery pieces to prepare for fierce advance aviation fire and artillery fire on the Finnish positions and their rear, and in the 24 hours before the attack, a total of more than 300,000 shells were fired, destroying most of the Finnish firepower points in the main direction.
In the early hours of February 12, Soviet troops resumed their offensive. After 3 days of hard fighting, Meretskov's 7th Army opened a breakthrough in the main defensive zone of the Mannerheim Line with a width of 5 km and a depth of 5~6 km, and put a rapid cluster into engagement. The Finnish army was forced to retreat to the 2nd defensive zone.
A week later, the 7th Army attempted to break through the 2nd defensive zone from the march, and its right flank was exposed by the slow progress of the 13th Army. In this case, in order to break through the 2nd defensive zone, the Soviet troops stopped the offensive again and adjusted their deployment. The Finnish army also took the opportunity to recuperate and transferred part of its forces north of Lake Ladoga to the south to strengthen the defense of the Karelian Isthmus. On 28 February, the Soviets resumed their offensive and quickly approached the Finnish rear defenses. The right flank of the 7th Army surrounded the Vyborg fortified area from the northeast, and four divisions of its left flank crossed the Vyborg Bay from the frozen sea, bypassed the city of Vyborg, cut off the road to Helsinki, the capital of Finland, and captured most of Vyborg.
Although the Finnish army still had a large number of advanced weapons and equipment imported from the Chinese Empire, it was on the verge of running out of soldiers. Although Britain and France expressed their willingness to send troops to Finland's aid, Germany threatened that if Finland accepted British and French aid, the war would spread throughout Scandinavia. Sweden, under pressure from Germany, refused to allow British and French troops to cross the border. Under these circumstances, the Finnish government asked the Chinese Empire to intervene.
On March 7, the Chinese Empire signed a trade contract worth 1.2 billion dragon coins with Finland, which will import large quantities of grain, oil, and various industrial products to the Chinese Empire. In exchange, the Chinese Empire sent a formal note to the Soviet Union, putting pressure on the Soviet Union to do the same.
On the 9th, Finland sent representatives to Moscow to negotiate peace with the Soviet Union. Under the mediation of the Chinese Empire, the Soviet-Finnish War came to an end.
According to the Moscow Peace Agreement of March 12, Finland lost Karelia, including Vyborg, Finland's second largest city, 10% of Finland's arable land and 1/5 of its industrial output. The 222,000 inhabitants, or 12 per cent of Finland's total population, were deported from their homes, and only a tiny fraction chose to remain as Soviet citizens.
Finland also ceded the Ribache Peninsula in the Barents Sea, four islands in the Gulf of Finland, part of the Sara region, and leased the Hanko Peninsula to the Soviet Union as a naval base for 30 years. This agreement was very harsh for Finland, and thus planted the bane for the outbreak of the next Soviet-Finnish war. (To be continued.) If you like this work, you are welcome to come to the starting point to vote for recommendation and monthly passes, and your support is my biggest motivation. )