Chapter 719: Heavenly Problem

When the US side realized that something was wrong, they hurriedly expressed through diplomatic channels that they were ready to make concessions on the SAL matter in exchange for a compromise from the Chinese side and calm the situation, in an attempt to get the Chinese side not to significantly reduce its holdings of US bonds in order to temporarily stabilize the domestic financial situation and ensure that the domestic economic situation would not be seriously disturbed by this sudden financial change.

However, China's long-prepared economic warfare plan was no longer moved by the US compromise, but was carried out vigorously and resolutely, leaving no respite for the US side at all.

It is precisely because of the fact that certain forces in China are too entangled with the interests of the United States, and even in the Politburo, it is difficult to guarantee that there will be no cents, and for the sake of their own interests, the news will be stabbed out in advance, so Vice Premier Wu's economic war plan has always been kept in a state of high secrecy, and the entire set of economic war plans can only be known to No. 1 and No. 1 and No. 2 and the people around them during the planning process, and the secrecy has been achieved to the greatest extent.

In this way, Vice Premier Wu only got the Politburo in one fell swoop when the time was ripe, and the No. 1 and No. 2 leaders took the lead in expressing strong support for the plan at the meeting, and the unprecedented victory on the battlefield has made the No. 1 leader enough to go down in history, if he can win another game economically, then the No. 1 leader will go further in the annals of the Chinese nation and enter the ranks of great men, so when Vice Premier Wu found him with this plan, he carefully calculated the feasibility of the No. 1 leader before letting Vice Premier Wu do it.

The hand of the No. 1 and No. 2 leaders made the Politburo bigwigs, who had been kept in the dark, only echo in a hurry, and although the interests of some people will suffer heavy losses because of Vice Premier Wu's plan, there is no way at this time.

Vice Premier Wu officially presided over this battle without gunpowder under the authorization of the No. 1 chief, and coordinated the implementation of this hugely influential plan through the Zhōng Yāng Economic Work Committee, coordinated the economic and trade, foreign affairs, national defense, media and other aspects, and launched various actions that had been prepared step by step in accordance with the plan, so that by the time the US finally reacted, the Chinese side had quietly completed the entire deployment.

Although there was no smoke of gunpowder in this war in the economic field, the thrilling part of the war was no less than a close fight on the battlefield; in the course of the negotiations of the various negotiating groups launched by the Chinese side with all its might, the United States fought one after another with wits and courage in the backstage of the competition, and it was with great difficulty that one economic and trade agreement after another was completed.

With the signing and entry into force of those bilateral renminbi settlement trade agreements, China has officially begun to reduce its holdings of U.S. bonds, and the huge amount of capital that has been released by China has been used by China to increase its holdings of European debt, and on the other hand, it has begun to invest in countries that have signed bilateral trade agreements with China, and has begun to fulfill its commitments in the negotiation process, so that funds can flow into countries in Asia and Africa that are in urgent need of foreign capital to invest in infrastructure construction and resource extraction and processing industries.

China is the largest holder of U.S. bonds, this sudden large-scale reduction of U.S. bonds, seriously affected the international financial giants' information on the dollar, began to shake the hegemony of the dollar in the international economy and trade, the international financial market's recognition of the euro and the renminbi began to greatly increase, many countries began to take the initiative to plan to include the renminbi in their foreign reserve plans, according to this trend, it will not be long before the renminbi will quickly replace the status of the rì yuan, becoming the world's third largest international currency.

More importantly, after the extensive use of RMB to settle with the local currencies of the signatory countries, the settlement method of bilateral trade has been greatly simplified, the cost of currency conversion has been reduced, and the purchasing power of the signatory countries has been enhanced, which has made the price of China's industrial products more advantageous than before.

In particular, domestic household appliances have been greatly upgraded after adopting SAL's Ark platform, allowing household appliances to enter the real intelligent era, while SAL's Ark platform is currently only sold to domestic enterprises, so in the competition with the biggest competitors of rì and South Korea, Chinese companies not only occupy a cost advantage this time, but also begin to have a technological advantage for the first time.

Although there is still a large gap in terms of brand, due to the existence of SAL as a giant enterprise with an international reputation, the status of domestic industrial products in the international arena has been gradually improving in recent years, and the market share is expanding, so under the stimulus of a more preferential bilateral trade agreement, the trade volume with the signatory countries has increased significantly, so that in the case of Sino-US trade, China-China trade, and China-India trade shrinking, China's total foreign trade still rises after a short period of impact.

This greatly relieved Vice Premier Wu, who commanded the entire economic battle, which used currency as the main combat weapon, won a temporary victory in the first round.

However, Vice Premier Wu did not dare to let up on this, because the battle is far from over, and in order to ensure a relative balance in trade with the signatory countries, the Chinese side will export a large number of high-quality industrial products for industrial use, while also taking into account that there are almost equal imports from these countries.

With the European Union, the Commonwealth of Independent States and other countries, it is good to say that the two economies are relatively complementary to each other, but for most Asian and African countries, there are not so many things worth importing from China, so the second step in Vice Premier Wu's plan is to carry out large-scale resource development for these countries.

Comparatively speaking, compared with the developed countries of Europe and the United States, China has been nearly 100 years late in this field, and it is only now that it has gone out to participate in the development of the world's resources, which is too far from the Western countries in terms of difficulty and investment. At present, the remaining countries with greater development potential for China are war-torn Africa and Central Asia, where infrastructure is relatively underdeveloped.

It is necessary to develop the local special commodities and resource products of these Asian and African countries to meet the needs of domestic imports, and at the same time to create a good cycle of simultaneous growth of imports and exports in bilateral trade, which is ten times more complicated and troublesome than the large-scale development of the East China Sea and the South China Sea.

This is because the countries that have been left to China to develop resources are all extremely impoverished regions in the world today, and they do not even have very basic infrastructure, and transportation, communications, energy, and so on are all frighteningly backward.

But this is the actual situation we are currently facing, limited by our current military and economic strength, we are not yet able to share the global resource feast, provoke a war to grab those resources that are easy to develop, so we can only develop in places that these Western countries do not look down on.

However, Vice Premier Wu looked at the huge capital demand figure calculated in the plan, and couldn't help but turn white, and sighed, "One trillion?!" Where will this money come from? In the capital, Vice Premier Wu and his staff tried their best, but they couldn't find a feasible plan.

On the other hand, private capital has just undergone a huge amount of fund-raising in the East China Sea and the South China Sea, and the attraction of this large-scale development in Africa is far from being as safe as the oil development in the East China Sea and the South China Sea, and the road of raising funds from the public is obviously not going through in the short term.

In this way, a huge financial problem lies in front of Vice Premier Wu, which is directly related to the success or failure of his entire economic counterattack.

(There's another chapter later!) )