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Solipsistic dictatorship

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The twenty-seventh year of Guanghua was another year of economic prosperity for the Chinese Empire. Pen, fun, pavilion www. biquge。 info┃-?---┃Shumiqun4∴8065In the context of the general economic weakness of the world and the distant recovery period, the high economic prosperity of the Chinese Empire has made other countries envious and jealous.

The Chinese Empire did not participate in the First World War, and the mainland was not affected by the war, which was the basis for the high economic development of the Chinese Empire after the war. During the World War, the Chinese Empire did a lot of arms business with the Allied and Central Powers, and made a lot of war money. The capitalists of the Hua Empire made huge profits during the war, and stored sufficient funds for the renewal of fixed capital and the expansion of production, and the improvement of industrial management and the thorn of the technological revolution provided a guarantee for the economic development of the Hua Empire after the war.

The Chinese Empire seized a large number of overseas territories of the United States through the war with the United States, and the sugar industry in Hawaii, the gold mining industry in Alaska, the rubber industry in the Philippines, the cocoa and tobacco industries in Cuba and other world pillars all fell into the hands of the Chinese Empire, and the 20 billion dragon dollars war reparations seized from the United States were the direct driving force for the high economic expansion of the Chinese Empire after the war.

At the same time, the Spanish flu has caused great damage to European and American countries, and has dealt a heavy blow to the already fragile economies of Europe and the United States, which can be described as worse.

In this way, it is not surprising that the Chinese Empire has become a super-economic power under the economic growth and decline of the Chinese Empire and the European and American countries.

The god of industrial production development in the post-war Chinese Empire. In the nine years from 1918 to 1927, the Chinese empire's steel output increased from 44.9 million tons to 56.4 million tons, an increase of 26 percent. During this period, along with the large-scale low global steel demand in the post-war period, a large number of steel companies developed during the war closed down and closed down one after another, while the Chinese Empire experienced the impact of mergers, reorganizations, and bankruptcy of tens of thousands of steel companies one after another, and successfully survived the difficulties, and evolved from the Free Iron and Steel Company to a monopoly steel group with only more than 20 people, ensuring the leading position of the Chinese Empire's steel industry in the world.

The steel production of various countries decreased sharply after the war, the steel production of the United States fell from 32 million tons in 1916 to 5 million tons in 1926, Germany fell from 18.52 million tons before the war to 8.4 million tons, Britain fell from 7.44 million tons before the war to 5.2 million tons, and France's total output by 1926 was less than 3 million tons, and the gap of more than 5 million tons needed to be imported from the Chinese Empire. The steel connoisseurs of Turkey, Greece, Austria, Hungary and other countries were basically razed to the ground by the war, and 90% of the steel needed to be imported from the Chinese Empire. The Soviet Union's steel production after the war was basically scrapped, and there was still a production capacity of 160,000 tons before the war, and for a considerable period after the war, due to the lack of funds, equipment and raw materials, it was even difficult to produce pig iron. However, since the opening of the Soviet trade port, the Soviet Union tightened its belt and imported a complete set of steel production equipment and technology from the Chinese Empire at great expense, and by the end of 1926, the Soviet Union's steel production had sprung up, reaching 5.86 million tons. This has to be said to be a miracle, which has made the countries of the world fear this socialist country.

The power industry revolution carried out by the Chinese Empire during the Great War has developed rapidly after the war. The power generation capacity increased from 71.3 billion kWh in the 17th year of Guanghua after the war to 116.7 billion kWh in the 27th year of Guanghua, an increase of 65%. Emerging industries include automobile, electricity, electrical and electrical appliances, wireless gas, aviation, and film. Automobile production increased from 8,000 in 1900 to 420 million in 1927, and the use of automobiles promoted the construction of roads and bridges and the development of tourism, and contributed to the tremendous growth of petroleum, tire manufacturing, road construction, and the steel industry, with gas stations all over the country. During the Tang Shaoyi cabinet, stock prices skyrocketed, the Beiyang Securities Industrial Index rose from 192 points before the war to 288 points in January 1927, the employment rate of workers was 98, and radios, washing machines, refrigerators, air conditioners, and cars became mass-produced consumer goods. Small towns quickly became large cities with concentrated populations, and the scale of residential buildings during the war was greatly reduced, opening up a vast market for residential buildings after the war, and dozens of skyscrapers were like mushrooms. The standard of living of the Chinese surprised Europeans and Americans, and people called this period "the glorious era". In 1927, 91% of the cars used in the world were produced by Huahuang or assembled at overseas bases authorized by Huahuang Company. The radio has become a popular device in the homes of ordinary people in the Chinese Empire, and has become a must-have for newlywed families in the Chinese Empire. The automobile industry, the electrical industry, the petrochemical industry, the biomedical industry and the construction industry became the main pillars of the economic prosperity of the Chinese empire in the 20s. Gross national income (GNI) increased from 1919 to 192 dragon coins. Per capita income increased from $620 in 1919 to $681 in 1927. The Chinese Empire's capital exports abroad increased from 7 billion dragon coins in 1918 to 27.2 billion dragon dollars in 1927 (neither of which excludes the debts owed to the Chinese empire by the countries of the First World War), and the Chinese empire's merchandise exports increased from 100 million dragon coins in 1919 to 1927 billion dragon dollars. From 1919 to 1927, the productivity of the entire industrial system of the Chinese empire increased by 40 percent, and agriculture by 26 percent. Beijing, Tianjin, and Shanghai became the world's top three financial centers, while London fell to fourth place, New York became fifth under the control of the Chinese empire, and Berlin was relegated to sixth place.

However, along with the economic boom, there are also many hidden crises.

First of all, there is the long-term slump in agriculture. The prices of agricultural products have fallen, and many farmers have fallen into heavy debt, and some have lost their farmland and left their homes. Many farmers have also gone bankrupt, and farmers' incomes are low and their purchasing power has greatly decreased. The main reason for this was that after the war, agricultural production in Europe and the United States had returned to the pre-war level, the output of agricultural products from the Chinese Empire had been greatly reduced, and the production of light industry using agricultural products as raw materials had not grown rapidly, resulting in the phenomenon of oversupply.

Secondly, some industrial ministries, such as textiles, coal mines, shipbuilding, tanning, etc., have been in a state of depression for a long time, and many workers are unemployed. In addition, due to the high degree of enterprise concentration and the prevalence of mergers and acquisitions, small enterprises have been squeezed out, and the distribution of wealth has become very different. According to the 1926 report of the Imperial Commission of Commerce on the wealth and income of the country, "the largest capitalists in the country, who make up 1 per cent of the population, own 59 per cent of the wealth; Small capitalists, who make up 12% of the population, own 33% of the wealth; The vast majority of the population, which accounts for 87 per cent of the population, including industrial workers, small farmers and small shopkeepers, has only 8 per cent of the wealth." By 1927, 15 large conglomerates controlled 80% of the power of the entire Chinese Empire, and 20 conglomerates controlled 98.5% of the inter-provincial transmission circuits. In 1927, about 30 percent of the total household income of the Chinese Empire accounted for less than 14 percent of the country's total income.

Of course, in terms of the per capita income of the Chinese Empire, it is still the highest in the world. The gap between the rich and the poor is only relative to the citizens themselves, and if compared with the people of the same class in Europe and the United States, the citizens of the Chinese Empire are still the richest.

Fourth, during this period, the Chinese Imperial People's prevailed installment credit purchase system, in 1924, the Chinese Imperial Department of Finance has stopped the subsidy bill for luxury goods such as automobiles, but the people have been inseparable from the car, by 1927, 60% of the cars are sold in installments, and the national taste continues to improve, ordinary scooters have not liked, pick expensive cars. Others, such as refrigerators, washing machines, air conditioners, and luxury homes and villas for Si people, are also purchased on credit.

Fifth, during this period, speculation was rampant, with a large number of stocks, bonds, and other negotiable securities issued, large business owners and financial oligarchs engaged in speculation, and ordinary citizens of the Chinese Empire were also involved in the craze of buying stocks in search of making a fortune.

Moreover, the underlying factors of the international economy have also deepened the severity of domestic economic problems. By 1925, countries in Europe and other regions owed a total of 13.3 billion dragon dollars to the Chinese Empire. The poverty of Europe and the high tariffs of the Chinese empire caused the overseas markets of the Chinese empire to shrink day by day.

Of course, local officials in the Hua Empire were also responsible for these problems. For the officials of the Chinese Empire, they themselves are not short of money, because the imperial government pursues a policy of high salaries and pensions, and the income of the officials is enough for him and his family to live, coupled with the strong supervision of the Independent Commission Against Corruption and the People's Procuratorate, the problem of bending the law and embezzlement is extremely low, and there has not been a single one for several years. However, the imperial officials all want to climb up, they have no living burden, but there is political pressure, every year the imperial central government selects and promotes officials by political performance, so the provincial and local city and county officials often blindly call on the local people to do things, blindly invest in construction, such as real estate development, bank credit, industrial stock investment, etc., do not need businessmen to come forward, political officials will take the initiative to call for to improve political performance, which has buried a lot of problems and hidden dangers.

Every country has a variety of problems, and behind the prosperity of the Chinese Empire, these hidden problems show that although the economic development of the Chinese Empire is at the forefront of all countries in the world, the ominous signs of the economic crisis have begun to appear.

In fact, all problems will eventually be reflected in financial problems, and the cabinet of the Chinese empire has held several meetings to discuss countermeasures.

After the war, the Chinese Empire was the country with the most gold in the world, with 25,000 tons of national gold reserves and about 9,000 tons of private gold reserves, accounting for 95% of the world's total gold. This huge gold reserve ensured the stability and prosperity of the gold standard economic system of the Chinese Empire, and the dragon coin became an international currency, a hard currency that could be exchanged directly with gold. However, in terms of the annual production of gold in the world, it is not the largest.

The annual gold production in the mainland of the Chinese Empire is only about 90 tons, and the statistics of Guanghua 276 show that the annual gold mining in the area south of the Great Wall of the Chinese Empire is extremely low, with a total output of less than 5 tons. However, with the continuous development of the northern Xinjiang region by the Chinese Empire, the gold mines in Siberia became the main gold production base of the Chinese Empire. The main gold mines are concentrated in the Kolonma region of the Magadan region of Siberia with an annual output of 22 tons of gold, the Khinganling gold mining area of the Tengda Wai Khingan Mountains of the Amur region with an annual output of 13 tons of gold, the Ardan and Aronna regions of the Siberian region with an annual output of 25 tons of gold, and the upper Yeseny gold mining area in western Siberia with an annual output of 15 tons of gold. In addition, western Xinjiang and southern Xinjiang contribute about 5 tons and 3 tons of gold respectively every year.

As the overseas territories of the Chinese Empire, Alaska, Cuba, Bo and other places can also contribute about 10 tons of gold every year.

However, the gold mining companies of the Hua Empire controlled a large number of gold mining areas in the territory of the various federal member states of the Gongrong Circle, contributing more than 120 tons of gold to the Hua Empire every year. Significant gold mining areas include the Burdington Goldfields in Australia producing 20 tonnes of gold per annum and the Kalgoorlie Goldfields producing 25 tonnes per annum; The Grasberg gold mining district in Papua contributes 56 tonnes of gold annually to the Chinese Empire.

Overall, the Chinese Empire can obtain about 220 tons of gold per year, but this can only barely sustain the economic prosperity of the Chinese Empire. The reason is that the Chinese Empire became the only economic power in the world after the war, and the economic growth was strong, and by the 27th year of Guanghua, the GDP of the Chinese Empire had exceeded the 100 billion dragon dollar mark, with a high growth rate of 20. According to the calculation of the sum of the sum of the currency in circulation should be 1.5 times the GDP growth rate and twice the circulation of goods, the central bank of the Chinese empire should issue an additional 20 billion to 30 billion dragon coins in the 28th year of Guanghua to be used for the needs of world circulation, so as to ensure that there will be no inflation and deflation problems and maintain economic growth to the greatest extent.

However, the Chinese Empire was based on the gold standard, and the dragon coins and gold were subject to strict equivalent pegging laws, and the issuance of dragon coins must be measured by the amount of gold reserves in the national treasury. However, the gold mining volume of the Chinese Empire in Guanghua in the 27th year was only 218 tons, the gold used for the treasury reserve was only 180 tons (the others were purchased by the private sector), and the gold returned to the treasury after overseas trade settlement was only 300 tons, according to the legal standards for the issuance of dragon coins in the Hua Empire, only 7 billion dragon coins could be issued, and the shortage of gold had begun to restrict the economic development of the Hua Empire.

Of course, the central bank of the Chinese empire is not as honest as it was 20 years ago, when it was regulated by the central banks of the United Kingdom and the United States, and the issuance of dragon coins was strictly linked to the amount of gold reserves. As the most powerful country in the world, the Chinese Empire has been recognized by the people of all countries in the world, so the Central Bank of the Chinese Empire did not strictly implement the Dragon Coin Issuance Act in the nine years after the war, but issued an additional more than 30 billion Dragon Coins according to the total amount of existing gold reserves of 20.

The flow of 30 billion dragon coins into the money market in the past nine years did not cause damage to the economy of the Chinese Empire, but played a role in promoting it, because the Chinese Empire seized a huge indemnity of 20 billion dragon coins through the American war, and the United States could not afford this indemnity, so the Chinese Empire emptied the gold and silver reserves of the US treasury, demolished the production equipment of the major industrial bases in the United States, plundered the mineral resources of the United States, and shipped them back to China. In this way, the actual industrial value added of the Chinese Empire expanded out of thin air, so the additional issuance of dragon coins filled this gap without causing inflation and currency depreciation.

In 1927, the world's new GDP was 30 billion dragon dollars, but the global gold output was only about 600 tons, which is far from being used to measure the new GDP. However, the United Kingdom, France, Germany, Italy, the United States and other countries are trying to restore the gold standard, and the competition for gold has led to the fact that countries are unable to assess the reality of the situation, and the confidence in the gold standard makes its new currency issuance far below the economic growth rate. The Chinese Empire has huge gold reserves that cannot meet the demand for money supply for economic growth, not to mention Britain, France, the United States and Germany, whose economies have been severely damaged by the war, resulting in an extreme shortage of gold, and the world monetary system based on the gold standard has seriously restricted the economies of various countries.

Although the gold standard has seriously restricted the economic development of various countries, for the Chinese Empire, the firmness of the dragon coin and the stability of the currency value have made all countries in the world full of confidence in it, so it is impossible to cash out gold with the dragon coin on a large scale, that is to say, the Chinese Empire does not have to worry about the occurrence of the gold run crisis.

But this is a hidden danger after all, because the production capacity of gold can no longer keep up with economic growth, and effective measures must be taken to deal with it.

The cabinet eventually worked out several proposals, but the bill to abandon the gold standard was rejected. The Cabinet decided to massively increase gold production capacity and reserves in order to meet the amount of money in circulation necessary for economic development.

Domestically, the empire's major gold mining and exploration companies have received government incentives to encourage them to increase gold mining. As a hard currency, silver can also provide an aid to gold, so the cabinet also sent letters to the provinces, states, cities and counties requesting that the reserve of silver also be put on the agenda.

At this time, the Chinese Empire had silver reserves as high as 200,000 tons, but the vast majority of them were in the hands of ordinary people. To this end, the Cabinet instructed the Ministry of Finance and the Imperial Bank to start issuing large quantities of silver dragon coins for circulation in the market, because most of the necessities of life in the market such as food, clothing, and other goods were within a few dragon coins, and the coins were enough to buy them. In this way, the large-scale issuance of silver coins could offset some of the lack of gold reserves.

Of course, this is not a cure. The cabinet's focus was on the overseas gold market, and the gold deposits of overseas European and American countries were eyed, which led to the financial strategy of the Chinese Empire began to shift to the gold producing areas around the world, and the national policy of influencing the Chinese Empire was also tilted towards these regions, and controlling the gold mining in these areas became the main means of the Chinese Empire in order to stabilize the economy.

Under the policy tilt of the Chinese Empire and the protection of the Chinese Empire's armed forces, the major gold mining companies of the Chinese Empire have successively extended their magic grips to all parts of the world, and a global gold plundering plan has begun.

From the 20th year of Guanghua to the 27th year of Guanghua, more than 100 mining group companies of the Chinese Empire have successively entered other parts of Asia, Europe, America and Africa. In the Americas, the Chinese empire took control of the Belladero gold mine near San Juan, Argentina, which could mine 957,000 ounces of gold per year. The North Lagunas gold mine in Santiago, Peru (770,000 ounces of gold per year) and the Yanacocha gold mine in Cajamarca (with an annual output of gold ounces) were also controlled by Hua Empire, and most of the gold was sent back to Hua Empire. In addition, Peru, as the world's largest silver producer, has a local holding of more than a dozen silver mining companies, and tens of thousands of tons of silver are shipped back to the Chinese empire every year, alleviating the huge pressure of the lack of hard currency brought about by the huge economic growth of the Chinese empire.

Similarly, the Chinese empire did not relax towards the United States. As the United States is the world's third largest gold producer, the Chinese Empire used its military presence and privileges in the United States to forcibly occupy the Stuart Gold Mine (with an annual output of 1,088,000 ounces of gold) and the Cortez Gold Mine (with an annual output of 1,421,000 ounces of gold), the largest gold producing areas in the United States, and forced the US state of Nevada to sign a transfer agreement with the Chinese Empire, so that the Chinese Empire not only controlled several important financial and industrial cities in the United States, but also controlled 80 of the gold producing areas of the United States. It has played a key role in curbing the recovery of the U.S. economy.

In the Pacific region, the Chinese empire has stepped up its exploration of gold deposits in Australia and Papua and renovated existing gold deposits to increase production capacity on a large scale.

Of course, the Chinese empire has never forgotten South Africa, the world's largest gold producer. It is precisely because South Africa's annual gold production accounts for 50% of the world's gold production that the Chinese Empire will spare no effort to lead the joint invasion of South Africa. It could kill two birds with one stone, not only to hit the British economy, but also to mine a large amount of gold to meet the needs of the Chinese Empire's high economic growth.

With the invasion of Pretoria, the capital of South Africa, only the Republic of South Africa remained in South Africa under the leadership of the United League, but the United did not transfer power to the Republic of South Africa, but established the United Occupation Committee, which was controlled by the League of Nations. In fact, it is the Chinese empire that dominates, with France, Italy, and Britain assisting, and Germany has been squeezed out by the other four countries of the Security Council because of its secret help to South Africa, and cannot get the real right to speak.

When Cai Yi commanded the joint ** attack on Pretoria, he deliberately ordered the British, French, German and Italian teams to feint in the east, west and north, while the Vantage ** attacked the south and was the first to attack Pretoria.

Cai Ye did this for only one purpose, that is, to preemptively occupy the treasury of the Republic of South Africa and achieve the goal of monopolizing the treasury of gold and other wealth.

On April 2, the United ** invaded Pretoria and destroyed the government of the Republic of South Africa. According to Cai's plan, the vanguard of Vantage was the first to occupy the treasury of the Republic of South Africa, which contained more than 200 tons of gold, more than 2,000 tons of silver, more than 8,000 carats of diamonds, and more than 60 million rand (4 million dragon coins) in cash, all of which were seized by the Chinese Empire. In order to cover up the crime of banditry, Vantage** transferred all the property before the other union** entered the city, and blew up the treasury, together with the asset archives of the Ministry of Finance of the Republic of South Africa, and burned it down, claiming that the South African Republican Army had transferred the assets, and all the evidence had been destroyed anyway, even if other countries guessed that the Chinese Empire had done something, there was no way.

Before the war, South Africa mined 200 tons of gold a year, and in 1926, Britain stepped up its plundering of South Africa's gold mines, resulting in an annual gold production of 600 tons in 1926. However, most of the gold in the Republic of South Africa has been plundered by the British, and although more than 450 tons of gold have been obtained this year, more than 250 tons have been given to Germany in exchange for German arms. Therefore, the Hua Empire only got more than 200 tons of gold, but this is also a huge windfall, which provides a huge guarantee for the Hua Empire to issue additional dragon coins next year.

In addition to plundering property, another purpose of the first entry into Pretoria was to control the South African Republican Army Air Force Command and equipment logistics warehouse, from which Germany received advanced weapons and equipment such as Hinkel fighters, Messersmit bombers, and German No. 1 tanks that Germany had provided to the South African Air Force, and at the same time, it also obtained the design drawings and instructions for these advanced weapons and equipment, so that the Chinese Empire could master the most advanced weapons systems of the German side and further make a correct assessment of the strength of the German army.

It was not until the next morning that the rest of the United ** troops entered the city one after another, and by this time the South African Republican Army had surrendered, although a small number of troops continued to conduct guerrilla warfare in the countryside.

After the establishment of the United ** South African Occupation Committee, the Chinese Empire immediately led the United ** to occupy all the gold mines, diamond mines, platinum metal mines and other key places in South Africa, and then convened a coalition committee to discuss the partition plan.

After a long bargain, the countries reached an agreement, Britain got six gold mines including Caltonville with an annual output of 1.1 million ounces, France got the Kestober gold mine in the upper Waal River with an annual output of about 700,000 ounces, Germany got three Orkney gold mines in the Free State Province of South Africa with an annual output of about 600,000 ounces, and Italy got the Hum TDM gold mine in the lower reaches of the Waal River with an annual output of about 400,000 ounces. The other 30 or so small-scale gold mines were distributed to the other League members according to their contribution within the coalition.

The Chinese Empire, on the other hand, only demanded the Elandslan and Herutfrye gold mines near Johannesburg, which together produced 900,000 ounces of gold per year.

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