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Text Chapter 106: Today and Tomorrow

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    In 1927, the Central Bank of the Republic of China successively lowered deposit interest rates, further triggering an upsurge in people taking money out of banks for investment.  High-Quality Updates Amid this investment frenzy, stocks are heading higher.  The number and scale of construction projects have stunned countries all over the world.  By issuing additional shares, the consortium has absorbed huge amounts of funds, and then invested these huge funds into various construction projects.  Local governments and the central government have also absorbed huge amounts of funds through the issuance of bonds, and the money has been invested in infrastructure construction.  In 1928, the stock exchange index of the Republic of China continued to rise, and the economy of the affiliated countries had experienced tremendous development this year.  North Korea, Vietnam, and Ryukyu, these are the ones with a higher status among the many dependent states of the Republic of China.  The infrastructure of these three kingdoms has been built to almost the same level as that of the Republic of China.  This infrastructure mainly covers roads, electricity, water conservancy, etc. There is still some gap with the Republic of China in terms of living facilities, but the gap is not too big.  The foundations of the two countries, the Republic of the Philippines and the Republic of South China, have also reached the standards of the Republic of China. Their infrastructure is very developed. In terms of living facilities, the Han residential areas are very developed, which is basically the same as that of the Republic of China.  The development of the Kingdom of Siam is not far behind.  Japan¡¯s industrial infrastructure is equally good because Japan is one of the most beneficial vassals of the Republic of China. It is rare for a group of small Japanese to work hard and not complain.  But in terms of living standards, Japan is far behind North Korea, Vietnam, and Siam.  After six years of construction in Russia.  Peace has been restored and society is in a stable stage.  The Russians are full because they are heavily engaged in resource extraction and labor in some low-level industries.  Social security is also okay.  Living standards are also getting better and better because of the massive investment from the Republic of China.  Many people in the dependent countries have already driven cars and have become the main car consumers at this stage of the Republic of China.  Anyway, if you can have a full stomach and live a so-so life, the workers will not cause trouble.  The Russians accepted Nicholas II again, and Nicholas II once again became the Russians' little father.  The Republic of China has invested heavily in industrial infrastructure in those satellite countries, and roads are the most important.  Because roads are the key to whether the power of those client countries can be used after the war begins.  With roads, the mineral resources of the subject countries during the war could be transported to the Republic of China.  A large amount of investment has increased the income of the people in the subject country.  It has greatly increased their consumption capacity, large-scale production, and large-scale consumption, and has also greatly improved the living standards of the people in these dependent countries.  High-quality updates, although not as high as those of the Republic of China.  But it's not bad.  They can enjoy relatively low prices for industrial products because many of them are produced using their cheap labor force, but the prices for agricultural products and consumable products are relatively high.  ¡°Cars can¡¯t be eaten, so it¡¯s no problem to give them cheaper.  As for the issue of eating meat, people in the Republic of China now eat meat as a necessity for life. However, in countries like Japan with criminal records, the Republic of China considers eating meat to be a waste.  Therefore, the living standards of the Japanese people are limited to a certain level.  Consumable products are a waste of resources.  Automobiles and other products.  It is not consumable, so it can be consumed in large quantities by the people of the subject country.  In order to increase the automobile consumption of the dependent countries, the Republic of China also lent them money to consume automobiles.  The money will naturally have to be repaid in the future, and interest will be compounded.  The increase in automobile consumption has greatly digested the excess automobile production capacity of the Republic of China.  The situation of these dependent countries is just like the United States' treatment of Japan and South Korea in the future. On the surface, they are rich in high-rise buildings, cars, and electronic products, and they are well-dressed, but in reality they are relatively poor in terms of food and drink. Regarding resources,  The utilization is economical.  This is the case with the dependent countries of the Republic of China. That is to say, Russia did not follow a thorough conservation route because of its rich resources. The Republic of China is a consumption-oriented country. In order to pursue effects and performance, it does not care at all about consuming resources. Anyway, those resources are obtained from other countries.  Imported from the country.  How can we boost the world economy without consuming it?  The economies of those dependent countries have achieved such tremendous development, and the appearance of the entire country has undergone such huge changes, which has also made many countries eager to join the Third World Alliance.  The rulers of the member states of the Third World Alliance are also very satisfied with this governance method, which is similar to leasing the country to the Republic of China, because they have enjoyed the benefits.  They themselves have become rich, they can live and drink all day long, and their lives are much better than those of the rulers of the Republic of China.  The rulers of the Republic of China are also the national capital group, and the consortium is part of it and is also itsauthority in.  Although China's national capital businessmen have a lot of money, they do not live a life of extravagance. They are more economical in manpower and live a good life, but they do not live a life of extravagance.  Those rulers of the vassal countries no longer have any ideals, they just enjoy life, and many of them are extravagant and lustful.  Moreover, the ruling class in many countries has formed an interest network closely related to the Republic of China. There are definitely many high-income classes, but the middle class has completely collapsed.  High-quality updates In many dependent countries, most of the people are low-income, the middle class is collapsed, and the high-income people are piled up, which looks very deformed.  The comprehensive development of the members of the Third World Alliance has attracted the attention of the world. The Republic of China has successfully promoted the economy of its affiliated countries. This is something that European and American consortiums cannot do at this time because their high-end industries are not advanced enough.  Most of the commanding heights have been occupied by the Republic of China, making it difficult for their related industries to develop. Naturally, there are not many industries that can be subcontracted to the member countries of the League of Nations for development.  The League of Nations has also changed due to the emergence of the Third World Alliance. At this time, it has completely reduced to a military alliance.  The world has basically formed a confrontation between the League of Nations and the Third Alliance. There is an arms race, but the economy is entangled. The relationship is very complicated, but to a certain extent, it is relatively simple. It is nothing more than the result of various compromises.  .  The U.S. economy has also developed rapidly in the past two years.  However, its population and international market are occupied by the Republic of China, resulting in the development speed of the United States being far behind that of the Republic of China. The U.S. economy barely exceeded 200 billion US dollars this year.  The economy of the Republic of China exceeded 750 billion Yanhuang coins two years ago, and the total amount in Gyeonggi Province in two years has reached a terrifying 1.08 trillion.  Trillion mark, according to this annual growth rate of about 20%, the total economic volume will reach about 1.3 trillion next year.  Both the United States and the Republic of China are engaged in bubble economies. Both economies have a certain degree of water content, but the water content of the United States is greater because the industrial technology of the United States is inferior to that of the Republic of China.  The things built are lower grade, and the products produced are also lower grade.  ??As far as cars are concerned, they are also cars sold for 500 yuan.  The automobiles of the Republic of China are one generation ahead of the United States.  As for the currency exchange rates of both parties, the American consortium is trying to inflate the bubble even more to catch up with the construction speed of the Republic of China and at the same time strengthen the competitiveness of commodity exports.  The rate of issuing additional banknotes is faster than that of the Republic of China.  Although the total amount is not as good as the additional banknotes issued by the Republic of China, the ratio is greater. Therefore, the exchange rate between the two parties is 1:1.3, and 1 yuan of Yanhuang coins can be exchanged for 1.3 US dollars.  The main factors that restrict the United States from catching up with the Republic of China are population and industrial technology.  The industrial technology progress of the Republic of China is so rapid that European and American countries are overwhelmed.  Although the United States has stolen a lot of advanced technology from the Republic of China through technology theft, the Republic of China has too much technology in reserve.  Many times the United States has just launched a product with the same technical level as the Republic of China.  It won't take long for the Republic of China to introduce more advanced products.  Then the original products were sold at lower prices, while the higher-end products launched by the Republic of China continued to make huge profits, making huge profits, making American products unable to make any profits at all in the international arena. At most, they only earned a hard-earned money.  .  How many people are there in the United States?  The Republic of China can let Japan and other dependent countries earn that hard-earned money, but the United States cannot.  When it comes to price wars, the United States is thrown out of the equation because the Republic of China has formed a system of subcontracting backward industries to subsidiary countries.  The United States still has a lot of labor force engaged in military service, which has reduced the labor force and the population growth rate is relatively slow. Even if it is growing rapidly, the growth now is only babies. It will take more than ten years to be able to work. The United States really cannot afford to wait.  .  This stalemate makes the U.S. government and European and American consortiums feel very powerless. They are relaxing their military construction and are afraid that the Republic of China will suddenly break out and liquidate them all.  However, military construction and economic development are no longer strong, and the gap with the Republic of China is getting wider and wider. Even the economic development of the dependent countries that have taken refuge in China is very rapid, but the European and American consortium is still engaged in armed colonization, that is,  The colonial labor force can only be used to mine the minerals, and then exported to the Republic of China and its affiliated countries in exchange for money.  This year the military was also preparing for war. It first began to manufacture production line equipment for various strategic equipment to apply the developed technologies.  However, it is only to reserve production line equipment first, and has not yet truly entered the production process.  In terms of transportation conditions, highways are built and a large number of ships are built.  Ocean-going merchant ships are very useful in wars. To fight across states, sea transportation is necessary.  At this time, the tonnage of the ocean-going merchant ships of the Republic of China had exceeded 40 million tons.  The economic model of the Republic of China is to import low-grade products from dependent countries and then export high-grade products.  At the same time, the Republic of China and its affiliated countries exported various products to countries around the world, ranging from high-end to low-end.  Then we import raw materials from countries around the world.  The Republic of China and large-scaleInvest in those subject countries.  This economic model has promoted the vigorous development of the ocean transportation industry.  Most of the maritime interests are captured by the Republic of China.  In order to cope with the transportation needs during the war, the consortium's shipbuilding companies frantically issued additional stocks to attract private capital after going public, and then invested the money they attracted in the construction of ships, regardless of market demand.  Instead, he was thinking about war.  During the war, many ships were bound to be sunk.  Manufacturing in advance can not only make preparations, but also stimulate the current economy. As for when the problem breaks out, it will be an economic depression period.  The aircraft manufacturing industry has also entered the final stage of production. A large number of airports have become the construction targets in this final prosperous period and are another good construction industry that drives the economy.  Because fuel costs are subsidized by the government, aviation operating costs have been reduced. They are only shared among every taxpayer, but they have contributed to the prosperity of the aviation industry.  A large passenger aircraft was successfully manufactured this year. The main difficulty in manufacturing large passenger aircraft lies in the use of correct alloy technology.  In this regard, Jiang Yu does not have any foresight advantage, but he can experiment!  The Republic of China has no shortage of money and can experiment with various alloys.  In terms of materials technology, the consortium has built a large-scale research center to conduct repeated experimental research on various materials. It costs a lot of money every year, but for the current excessive productivity of the Republic of China, it is just right.  Use up that idle labor.  In terms of material technology, Jiang Yu still has great advantages. Although the material manufacturing technology blocked by Europe and the United States in later generations is not known, the general material technology is known.  The preparation and processing methods of ordinary materials are considered very advanced in this era.  Today, many products of the Republic of China cannot be manufactured in Europe and the United States. First of all, there is a gap in material technology, but also a gap in precision manufacturing.  The precision manufacturing industry in this era is not very advanced. After so many years of catching up and developing, China¡¯s precision manufacturing industry has surpassed Germany in both technology and scale.  After long-term experiments and the application of computers, the scientific research speed of the Republic of China has skyrocketed again, and the alloy manufacturing technology of large passenger aircraft has been successfully developed.  A lot of money was burned in order to research this technology.  And this technology will only be controlled by NATO countries and the Soviet Union in later generations.  The Soviet Union obtained large passenger aircraft manufacturing technology through theft. They placed an order for 500 passenger aircraft with Boeing, then visited the production workshop in the name of supervising quality, and then used special shoes to absorb metal debris from the ground, and then took it back for study  , and then successfully manufactured a large passenger aircraft.  Although the Republic of China spent a lot of money on research on materials technology, the returns are huge.  The emergence of large passenger aircraft means huge profits.  It also means that the Republic of China has the ability to manufacture very large military aircraft, but generally speaking, except for transport aircraft, military aircraft do not need to be as big as passenger aircraft.  However, transport aircraft are very useful, and the military has developed advanced large transport aircraft.  The passenger aircraft production line can be converted to the production of military aircraft at any time.  Therefore, the aviation investment in the Republic of China is also very crazy. In order to absorb more private capital, the public opinion channels controlled by the consortium vigorously promote this as a sunrise industry. Invest early and make a fortune early. Aviation stocks are also extremely popular in the securities market and become an economic bubble.  One of the stocks that rose the most on the eve of the crash.  Tomorrow will be bad, but most investors will die tonight.  (To be continued)
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