Chapter 450: Two Decisive Battles
After the establishment of the empire, it vigorously carried out infrastructure construction, developed industry and commerce, and promoted economic growth. At the same time, the reform of the "western Sichuan model" was carried out throughout the country, and all land was nationalized and distributed to landless and landless peasants. Guiding landlords to invest in industry and commerce has effectively solved the problem of land annexation that has been prominent in China for thousands of years, and has improved the living standards of the people.
Since 1895, the empire's economy has grown at a rate of more than ten percent per year, and the country has flourished. At the end of the nineteenth century, China was not actually poor, but its wealth was in the hands of a small number of large landowners and magnates. After the establishment of the empire, all the remnants of the Manchu Qing Dynasty were swept away, and a large amount of development funds were obtained, which made the empire's economy rapidly prosperous. Under such circumstances, the people became more and more identified with the nascent empire. Especially in the foreign wars of the empire, one victory after another also greatly stimulated the national pride of the people. So much so that in this war, although many people were worried, everyone was still very supportive of the empire. Everyone knows that the good times now are all brought by the empire. If the empire is defeated, then all the good days will be gone from them again. Therefore, the people hoped that the empire would be able to win this war. It's just that the enemy is too strong, and at the beginning, the people were a little worried.
Well, now that the Empire has completely taken the initiative in the war, victory seems to be not far off. This made the people rejoice, and they no longer had to be afraid. At this time, the Imperial Ministry of Finance, in conjunction with the Imperial Bank, sold a total of 500 million Chinese yuan of treasury bonds to China for a period of three years with an interest rate of 5 percent. The royal family first subscribed for 100 million, expressing the royal family's support for this war.
When the government bonds began to be sold, the people were boiling. In their opinion, the sale of national debt by the state is that the emperor borrows money from the common people! In this era, in everyone's concept, the whole world is not the king's land, and the shore of the land is not the king's minister. The whole country belongs to the emperor, and if the emperor wants money, he only needs to make a holy decree, and the people have to obediently give their wealth! Everyone knows that fighting a war must be very expensive, but the emperor did not forcibly seize the property of the common people, but used the method of borrowing, not to mention interest. This shocked the people and paid for government bonds. When there is no way to serve the country, everyone also regards the purchase of national bonds as a kind of support for the empire. In particular, those who have made money in industry and commerce have been generous. Most of the common people in the empire are living in poverty, and although life is getting better and better, they have no spare money. And these big industrial and commercial bosses are different, they are all with huge sums of money. Under such circumstances, the 400 million national bonds were sold out in less than two days. And there are quite a few people who don't buy it. In particular, the common people are even more strongly demanding that the empire sell more national debt, and they also want to express their support for the empire.
In the end, after consulting Wang Yuze, the Ministry of Finance once again issued an additional 500 million yuan of treasury bonds, which met the requirements of the market. With a national debt of one billion Chinese dollars, it is enough to ensure that the imperial ** team will continue this war. Moreover, if the war had ended early, there would have been a lot of surplus. At that time, it can be used to invest in infrastructure construction to compensate for the impact of the war.
In the current empire, almost all the forces have been united, and all the citizens are doing their part for the empire to win the war. In such a united country, no difficulties can stop the Chinese nation!
"Your Majesty, this is the latest information from the Admiralty, and the Americans are starting to make a difference. All officers and men of the US Navy have canceled their vacations, and the San Diego Naval Base has also been placed under martial law. Our people also found that a large number of vehicles transporting weapons and ammunition, entered the San Diego Naval Base. It is clear that the US Navy is preparing for war! On the evening of May 1, Navy Minister Zhang Cheng met with Wang Yuze.
"Americans? They finally can't hold their breath! Wang Yuze frowned. After the war began, Wang Yuze was very satisfied with the US Government's attitude of declaring no war. The Pacific Fleet of the Chinese Navy has become a weakcoming of the Chinese Navy. After the U.S. Navy regained its strength, the Chinese Navy's Pacific Fleet did not defeat the U.S. Navy.
"Your Majesty, the Americans have been warned by the British that if they continue to take a declaration of no war, the British will cut off any American technical assistance and recall all the experts. The Americans must have been forced to do nothing. In addition, the empire was constantly transporting troops to Hawaii
, which certainly stimulated the Americans as well. After the Americans guessed the intentions of the Empire, they obviously planned to strike first! Navy Minister Zhang Cheng explained. As far as the United States is concerned, when the combined fleet of Britain, France, and Russia goes on an expedition to China, it is the best opportunity for them to make a comeback.
"Is the Pacific Fleet sure to hold the Hawaiian Islands?" Wang Yuze asked. He knew that the strength of the Pacific Fleet, which is no match for the US Navy, would be very difficult to win. But the importance of the Hawaiian Islands is needless to say, and it must be in China's hands. Otherwise, China's Pacific strategy will be greatly affected.
"Your Majesty, the Pacific Fleet is weak, and the number of warships is less than half of that of the US Navy's West Coast Fleet. The performance of the battleship, too, is not much of an advantage. Therefore, if war breaks out, it will be difficult for the Pacific Fleet to win! Navy Minister Zhang Cheng said.
"So, does the Admiralty have any plan to save it?" Wang Yuze asked. The Hawaiian Islands can't afford to lose!
"Your Majesty, after thinking about it, the Admiralty intends to merge the detachment of the Home Fleet into the Pacific Fleet! The home fleet only kept the new battleships and cruisers! Navy Minister Zhang Cheng said.
"Merge the home fleet detachment into the Pacific Fleet? So, after the strength of the home fleet is weakened, is there still any certainty that it will defeat the combined fleet of Britain, France and Russia? Wang Yuze said with a frown. Although, Hawaii is very important. However, the most important thing now is undoubtedly to defeat the combined fleet of Britain, France and Russia, and this is the most important thing!
"Your Majesty, the two 'Sichuan-class' battleships of the detachment are much behind in performance compared with the 'Zhonghua-class' battleships. Although it is not inferior to the British naval battleships in service, it will not have much impact on the strength of the home fleet. On the contrary, after the removal of the 'Sichuan-class' battleships, the operations of the home fleet will be more flexible. At the same time, the performance of the 'Sichuan' class battleships is more powerful than that of the US Navy's active battleships, and after joining the Pacific Fleet, it can effectively improve the strength of the Pacific Fleet. In this way, Hawaii's safety can be guaranteed! Navy Minister Zhang Cheng said. Six battleships, 8 armored cruisers, 22 cruisers and 30 destroyers of the US Navy on the west coast put a lot of pressure on the Pacific Fleet.
"Alright then, merge the Home Fleet into the Pacific Fleet. Instruct General Li Dingxin that Hawaii cannot afford to lose! The Pacific Fleet, even if it can't defeat the U.S. Navy's West Coast Fleet, must ensure the safety of Hawaii! Wang Yuze said. Only by defending Hawaii can we threaten the US mainland and weaken the United States, China's biggest enemy in the future, as much as possible.
"Yes, Your Majesty!" Zhang Cheng replied.
Soon, the Admiralty made adjustments. The 'Sichuan-class' battleships 'Sichuan' and 'Xikang' of the home fleet and the 'Chengdu-class' heavy cruisers 'Xi'an', 'Xining', 'Lanzhou' and 'Wuhan' have all been assigned to the Pacific Fleet. In addition, Zhang Cheng, Minister of the Navy, further strengthened the strength of the Pacific Fleet, and included all the remaining 'Leshan-class' light cruisers equipped by the Chinese Navy into the Pacific Fleet. At the same time, ten new destroyers were transferred to the Pacific Fleet. In this case, the warships of the Home Fleet are all the latest battleships, heavy cruisers, light cruisers, and destroyers, while the Pacific Fleet is composed of old battleships, heavy cruisers, and light cruisers. However, even if the warships of the Pacific Fleet are old-fashioned warships, their performance is not inferior to that of the US Navy. Even though the Sichuan-class battleships have been in service for several years, their performance is still stronger than the strongest Illinois-class battleships in service with the US Navy. The 'Chengdu-class' heavy cruisers are also far more powerful than the US Navy's 'New York'-class armored cruisers. The strengthened Pacific Fleet is not inferior in strength to the US Navy's West Coast Fleet.
May 1899 was relatively peaceful. On the northern battlefield, the big battle on the Irkutsk side has not yet begun, and at the moment it is only a small fight. The war in the South Seas is still going on, but it does not affect the overall situation. For China and its enemies, the main battles now are the battle of Irkutsk on the land battlefield and the decisive naval battle between the Chinese home fleet of the Navy and the combined fleet of Britain, France and Russia. These two wars will have a direct bearing on the direction of this war. If China can win these two wars, then China's rise can no longer be stopped! China will become the world's emerging top power. The eyes of the whole world have also focused on these two decisive battles!