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Volume 2: Three Pillars Chapter 11: New Year, New Beginning

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    "Of course it's not completely free help. Necessary interest is still required." Looking at Zhang Anle's disbelieving eyes, Baldun explained with a smile.

    "This has surprised me. I will keep your help in mind. I wonder what the amount of this loan and the annual interest are?" It is a matter of course to pay interest on the loan, and there is no free aid in the world.

    "I received a notice that the amount of this loan should be about 100 million pounds. When converted into U.S. dollars, it is about 500 million U.S. dollars, which is 1 billion silver dollars. The annual loan interest is about 4%. If your country feels that this amount of money is a bit small,  , we can help China coordinate loans in other European countries." Baldun revealed what he knew.

    The annual interest rate of 4% is acceptable. The preliminary estimate of the required funds for the First Five-Year Plan is around US$4 billion, which is definitely a large amount of money.  However, for Zhang Anle, more than 4 billion is not an astronomical figure. If you still remember, you should know that the initial funding given to Zhang Anle by the system was 4 billion US dollars.  In recent years, Kergan has made billions of money by taking advantage of the economic prosperity and stock market boom in the United States. For Zhang Anle, the British's financial assistance is not as important as understanding their intentions.

    "This is indeed a generous loan. I also know the role Jazz played in it. I will never forget your contribution." Zhang Anle said sincerely.

    Zhang Anle¡¯s words made Baldun smile. Many cooperations made him know that Zhang Anle is a very generous person and he will not treat him badly.

    "But I'm afraid it will take some time for the domestic delegation to come. You also know that for us Christians, Christmas and New Year are the most important festivals every year." Baldun was afraid that Zhang Anle would use the money, so he said a little embarrassedly  .

    "Of course, I can completely understand, just like we don't want to travel far during the Spring Festival." Zhang Anle replied with a smile.

    Seeing that Zhang Anle didn't mind, Baldun felt relieved.  After chatting about other things, Baldun stood up and left.

    After seeing off Baldun, Zhang Anle sat in the office.  Are you starting to think about what the British¡¯s true intentions are?  Is it really because they think China's development plan is promising and want to make a fortune from it, or is it purely an aid to a friend, as Bardun said?

    After the end of World War I, Britain received huge reparations from Germany.  After several years of recuperation.  Britain's economy had recovered and exceeded pre-war levels.  However, due to peacetime, the British shipbuilding industry and steel industry have stagnated.  Many banks have money but don't know where to invest it. China's sudden rise has given them an opportunity.

    After China defeated the Soviet Union.  The British government feels that it should raise the level of relations with China.  This time, China's five-year development plan has given the UK an opportunity. China needs a lot of funds to develop its economy, and the UK is not short of funds.  At this time, loans to China are a timely help, which can increase China's goodwill towards Britain.

    The British know that a country like China cannot remain backward forever, and it is only a matter of time before the Chinese dragon takes off.  What the UK has to do is to maintain good relations with China and safeguard its interests in the Asia-Pacific region.  They seized the opportunity when Japan rose in the past, and now they cannot let the opportunity slip away. Fortunately, the relationship between China and Britain is still good.

    The loan bill to China was quickly passed by the parliament, which led to Baldun's request for an audience.  Although Zhang Anle could not completely guess the British intentions.  You can probably tell about 70% or 80% of it. In short, Britain has no ill intentions toward China.

    New year, new atmosphere, although the British loan has not arrived.  It will take some time for Kergen's inspection to be completed, but the five-year development plan has still begun to be implemented.

    As part of the five-year development plan, the "Priority Development Plan for Five Provinces and Two Cities" was implemented first.  Road planning and major projects in five provinces and two cities have begun implementation.  A large amount of labor force in Shandong and Henan came in handy. In China, where the degree of mechanization is very low, road construction and industrial facility construction require manpower to complete.  Although the Chinese New Year will be in one month, many people are willing to earn two yuan before the new year to have a prosperous New Year.

    Roads under construction can be seen everywhere in Shandong, Henan, Hebei and other places. The cement plants built before in Henan and Xi'an are now operating at full capacity every day.  The construction work of cement plants and power plants in Shandong and Hebei is also in full swing.  Accompanied by Li Mingzhong, Zhang Anle came to inspect the Pingdingshan Heavy Industry Base planned a year ago.

    The power plant and cement plant in Pingdingshan have been completed long ago and have started normal production. The mining of iron ore and coal mines has also begun. Workers on the steel plant construction site are busy in full swing.

    "The development speed of Pingdingshan is much beyond my imagination. It has only been one year for youBeing able to build an industrial base like this shows that you really take this matter to heart.  "Zhang Anle looked at the busy construction site and sighed.

    "To be honest with the Commander-in-Chief, we in Henan are afraid of poverty. Now that the Commander-in-Chief has given Henan such a good development opportunity, of course we must seize it tightly." Li Mingzhong said from the bottom of his heart.

    "Not only Henan, but the whole of China is afraid of poverty. Today's China is like a dry land. Water is needed everywhere, but we only have so much water. China is so big that we cannot develop simultaneously across the country. We can only concentrate  We will prioritize the development of some areas, and then radiate from these areas to the surrounding areas to drive the development of other areas. In this five-year plan, we have planned five industrial centers in Northeast China, Henan, Sichuan, Shanghai, and Guangzhou. These five industrial centers  The division of labor is different, and the responsibilities are also different. Shanghai and Guangzhou are light industry centers, and the other three are heavy industry centers. Five industrial centers will be completed in five years, plus the original Mongolia and Baotou, our industrial base will be completed  ." After hearing what Li Mingzhong said, Zhang Anle said with deep feeling.

    "This is the foresight of the Commander-in-Chief. I have read the five-year plan in detail. This is indeed very suitable for the reality of our country. Only by concentrating national strength on developing basic industry and heavy industry can we better develop the country's economy.  As for the light industry, there are also relevant policies to encourage private capital to invest. This plan is very comprehensive and is exactly the same as the previous three-year development plan of the Northwest District." Li Mingzhong flattered him nakedly.

    "Hahaha, this plan was worked out by Premier Gu and Mayor Lin. It is naturally the same model as the three-year development plan. By the way, people from Star Flag Bank came to inspect this time. Did they say anything?" Kergen  It wasn't just herself who came to inspect this time, several shareholders of Star Flag Bank also came, but Hoover didn't come, and Zhang Anle didn't get to see this important person in the United States. Every family has a car and every family has a pot.  A president with a chicken.

    "The Star Flag Bank delegation is satisfied with our development speed, but they do not believe that the economy can be improved through planning. One of our translators told me: One of the foreigners said that this is the whim of the Chinese leaders. The economy should be done by  The market decides. Excessive government intervention in the economy is not a good thing for the economy." Li Mingzhong said what he had always remembered.

    "Foreigners have always advocated freedom, and this is no exception in the economic field. They pursue a free economy. They have a saying that the government can just be the night watchman of the market. But there is no absolute freedom in the world. Too much economic freedom is like  A runaway horse. It doesn't matter if the horse's temper is good. If the horse's temper is bad, the rider will be thrown to the ground. Sooner or later, foreigners will suffer a big loss in the free economy. Only then will they  Understand the benefits of the plan." Zhang Anle said disapprovingly after listening to Li Mingzhong and thinking about the economic crisis two years later.

    "Haha, I don't know much about the economy. But I know that as long as we implement our development plan, our country will become more prosperous and powerful, and that is enough." Li Mingzhong said with a smile.

    "You are right. Whether it is planning or freedom, as long as it can develop the country's economy, it is a good means." Zhang Anle looked at the industrial base down the mountain and nodded.

    Li Mingzhong looked at Zhang Anle and said nothing.  Following his gaze, the industrial base at the foot of the mountain has begun to take shape.  The five-year plan will definitely be successful, I firmly believe it.  Li Mingzhong looked at Zhang Anle, who looked confident, and told himself in his heart.

    After returning from the inspection in Henan, Zhang Anle became more confident about the five-year plan.  He felt that he had underestimated the desire and determination of the Chinese people to develop, and that they were willing to do their best to improve their living conditions.  What they lack is an opportunity. Just like Henan, they were given an opportunity, and what they gave themselves was an answer beyond their expectations.

    A week after returning to Beijing, the Star Flag Bank inspection team also concluded its inspection in China.  There are still some differences among them, although everyone is willing to provide loans to China after further inspection.  It's just that everyone's opinions are not unified on the loan amount.  (To be continued)

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