There was a celebratory atmosphere in the Qinzheng Palace, and the faces of everyone present were red and glowing. Liu Xian, who was sitting on the dragon chair, couldn't close his mouth happily.

"Good! Good! It's really good! Liu Xian praised three 'good' words in a row. This time, Huaxia Bank, together with the three major state-owned banks of transportation, development, and industry and commerce, successfully withdrew funds before the collapse of the US railroad stock market, and made a total profit of more than 20 million US dollars, or 2 billion Chinese dollars.

No! The value of $20 million is more than two billion dollars. Because Huayuan was brought to Europe, foreigners did not recognize it at all, and the dollar was also a hard commodity in Europe.

A few years after the end of the twelfth economic crisis in the Western world [1873-1879], the thirteenth economic crisis came as scheduled. Liu Xian relied on a novel he had read in his previous life, and he had no feeling for the twelfth economic crisis, but he could clearly know the time and cause of the thirteenth economic crisis.

As a result, China has successfully made a big profit in this economic crisis that began in the United States this year!

In the face of a general economic downturn in the United States, the value of $20 million can be more than last year's $30 million, or even more.

Thinking about Liu Xian is exciting!

The government's fiscal deficit this year will certainly not exceed 15 billion yuan. According to the plan, this year's fiscal deficit may only be 12 billion. It's so blissful! The whole cabinet was overjoyed.

There is an economic crisis in the United States, and Europe will not be idle. Looking at the last economic crisis, as soon as the United States had a problem, the whole of Europe was also seriously ill.

Because the time came to the late 70s of the 19th century. The United States has succeeded in replacing Britain in terms of total industrial economy, reaching the largest place in the world.

After the crisis between the United States and Germany in 1873. Both governments have significantly increased the level of trade protection in their own countries. During the Civil War, U.S. tariffs were as high as 47 percent. After the end of the war. The protectionist Northern Industries Group won, while the free trade Southern Agricultural Group lost, and US tariffs were further raised. After the economic crisis of 1873, the United States continued to implement a policy of high tariffs, especially strengthening the protection of the textile and steel industries. At the same time, monopolies have emerged widely and become a non-state trade protection force. Protected by high tariffs and other measures, strong domestic demand in the United States has become a driving force for the development of heavy industry and light textile industry, and the competitiveness of major industrial sectors has increased rapidly. By 1878, when the crisis deepened in Britain. The dumping power of British products against the United States has been greatly weakened.

Also the economic crisis of 1873, Germany decisively abandoned the remnants of its free trade policy. As a result of the dumping of foreign agricultural products, which reduced the incomes of the Junkers landlords, the landlords and industrial capitalists agreed for the first time to raise state tariffs. In order to resist the entry of British steel products, German steel industrialists united with business owners in various industries to establish the Central Federation of German Industrialists and demanded higher tariffs. Bismarck also actively promoted the use of high tariffs to increase tax revenues and strengthen the empire's financial and military power. In this way, high tariffs are in the interests of Germany.

This has decisively contributed to the creation of trade barriers.

The trade protectionist policies adopted by the United States and Germany have become a global trend. With the exception of the UK, all other countries have turned. As a result, the competitiveness of the United States, Germany and other powerful countries has continued to increase, and their domestic markets have increasingly been occupied by their own industries. Britain's international market share is shrinking significantly, and even Britain's domestic market has begun to be invaded by goods from the United States, Germany and other countries.

Liu Xian said, "This is a historical tide that determines the decline of Britain." This is confirmed by the information provided by OEU on the development of the industrial economy in European countries. Fundamentally. This trend was formed because Britain did not turn its world economic advantage into a world political advantage. No effort has been made to foster free traders in each country and crack down on trade protectionists. Thus unable to determine or at least influence the internal affairs of its main competitors.

It is natural for Liu Xian to compare the United States more than a hundred years from now with the current British Empire, and the United States is better at turning economic advantages into political advantages. History believes in power, and only when countries are ruled politically can economic superiority be guaranteed.

One consequence of this protectionism is that the synchronicity of the world economic cycle has dropped dramatically. While one country is in economic crisis, another may continue to grow at a high rate. While one country's economy has begun to recover, another country may be mired in a Great Depression.

-- This is not the same as the situation in China. The whole West was an economy in the era of free trade, and they had nothing to do with China. Moreover, China's domestic demand [including the markets of various countries] can completely absorb industrial products.

Moreover, in the past, the impact of economic crises depended more on a country's international competitiveness and financial speculation. The UK is highly competitive and can pass on the crisis, and is less affected by the crisis, while other countries are often stricter than the UK. Financial speculation is strong, and it is deeply affected by the crisis. Since then, trade protection has had an increasingly important impact on the crisis. However, since the United States has surpassed the United Kingdom in terms of total economic activity to occupy the first place in the world, the impact of the US economic cycle on other countries is naturally greater. In other words, from the 1873 crisis onwards, the American crisis usually dominated the world economy's depression and boom.

As for France, Russia's biggest financier in Europe, China's biggest enemy today, is in the midst of a recession in France due to the ebb and flow of railroad construction in the United States, the shrinking of the financial market, the business of banks and securities companies falling into a trough, and the tide of bankruptcy in France. Because France is a usury empire.

When loan sharks encountered a financial crisis, it was difficult for the French to be stable.

How can this not make the kings and ministers of His Highness happy? As long as the French suffer huge losses, they will have no funds for the Russians to play the national economy and people's livelihood recovery. The war in Xinjiang, Liu Xian depends on how long the Russians can hold out!

……

Outer Mongolia, Tangnu Ulianghai.

The commander of the Mongolian Military District, Wei Ming, received a telegram from the rear, and the transmitter was the General Staff. The content of the message was the cancellation of combat operations, and the war would not develop in the Yenisei Valley.

The Mongolian Military Region, which had already assembled more than 13,000 cavalry and was preparing to come with a large number of military supplies, had all made efforts for half a year in vain.

On the same day, Wang Guosheng of Yili and Dong Fuxiang of Kashgar also received telegrams from the General Staff Headquarters in Beijing. The offensive order was cancelled, and the Xinjiang front moved to the defensive stage.

The first and second leaders of the two Xinjiang Military Regions were shocked in their hearts. What happened? Unexpectedly, the predetermined strategy was completely overturned at once. From counterattack operations to holding the line of defense.

All three military generals expressed their bewilderment at Beijing. But it didn't work, and they had to obey the order. Let the Slavs and Cossacks of the Yenisei Valley be confused. Why did the Chinese army, which had clearly gathered troops in Tangnu Ulianghai and raised and stockpiled a large number of war materials, suddenly disperse?

This is the fate of the military, the military. No matter how much preparation you have, no matter how adequate the conditions are, you can't compare to the perception that there is no zài in their minds - the overall situation.

With an order from above, all the preparations for several months will be done. Soldiers are to obey orders.

……

Kuala Lumpur, Malaya.

Kuala Lumpur at this time was not the Kuala Lumpur of Malaysia. At this time, Kuala Lumpur was a new city that had been established less than a decade from the ruins of war. The presence of tin mines has made it one of the wealthiest cities in all of Malaya.

The Chinese make up more than ninety percent of the city's population.

Because this is a colony of the British who treat life relatively mildly, and because there is a Chinese leader known as the 'King of Kuala Lumpur', Ye Ronglai.

Forty-five-year-old Ye Ronglai has been a 'Kapitan' for 21 years. It has been 13 years since he took over the baton from Kuala Lumpur's second Kapitan Liew Yan Quang in 1869 to help manage Kuala Lumpur, and his influence has been deeply engraved into every inch of Kuala Lumpur. Moreover, Ye Ronglai's rights have not wavered since the British intervened in Kuala Lumpur in 1880, even the British have maintained a high respect for him, because Ye Ronglai has an elite army of more than 1,000 people in his hands.

In the beginning, this force was only used to punish theft, and Kuala Lumpur became a Taiping town that never closed its doors at night, and became famous far and wide. However, from 1870 to 1873, the Malay royal family continued a four-year civil war due to various political and economic factors. Ya Ya Lai sent troops to assist the son-in-law of the Sultan of Selangor, Tunku Gudin, in his battle against Klang Tuhou Raja Mahti. The scope of the battlefield included Kuala Lumpur, which changed hands twice and burned three times. Yalai was betrayed by his allies and almost fell into a desperate situation, but after several hardships, he was able to recover Kuala Lumpur in March 1873.

This army in the hands of Yalai also won considerable prestige in the war. By the time Liu Xian looked at Nanyang, although Ye Yalai was quite wary of Liu Xian, the economic exchanges between the two places had never been severed. By the time Liu Xian's troops occupied the southern country and the general trend had been achieved, there were already more than 20 Qin army instructors in the army under Ye Yalai. Over the years, although the number of the Chinese army in Kuala Lumpur has been declining, from three or four thousand at the peak to a thousand now, its combat effectiveness has been widely regarded by the outside world as another 'Lan Fang army'.

In 1880, with the entry of the British, as the Sultan of Selangor positioned Kuala Lumpur as the capital of Selangor, a large number of Malays poured into Kuala Lumpur.

Then, every year, a large number of immigrants from Guangdong and Fujian have crossed the ocean from the mainland to Kuala Lumpur.

At the same time, 10 primary schools and two secondary schools have also been built in Kuala Lumpur. A group of selected teachers and gentlemen from the country have come here to open a new leaf for education in Kuala Lumpur.

Today, another group of Chinese immigrants has landed in Malacca...... (To be continued......)