Beiyang reactionaries

If the collected gold and silver are used to buy materials abroad, the collateral in the hands of the Bank of China will decrease rapidly.This is likely to cause confusion.

Once someone wants to exchange foreign exchange and exchange gold and silver, the Chinese government does not have enough gold and silver reserves.

What to do then?

Will it cause the collapse of the entire country's credit.

"No need to pay."

Duan Xun asked very worried questions, but Wang Yongjiang was very direct.

And very decisive.

"No need to pay?"

Duan Xun was puzzled.

I couldn't figure out what Wang Yongjiang meant.Wang Yongjiang looked at Duan Xun, then at the cabinet members, and said: "Prime Minister, international trade developed rapidly in the period around the twentieth century. Various countries adopted lower tariffs, adopted preferential country negotiations, and made The country’s trade developed rapidly. But the European war interrupted the vigorous development of international trade. After the European war, the world’s powerful countries have begun to adopt policies of raising tariffs and depreciating their currency exchange rates in order to protect their domestic industries. Even the United Kingdom has been Countries that advocate international trade have also begun to lose their strength and are preparing to raise tariffs. According to the current situation, there will soon be a tariff war and a trade war among countries in the world."

Tariff wars.

In fact, it has already begun.

This has a lot to do with the impact of the European War on European industrial countries and the establishment of the Soviet Union.Governments in various European countries are under great pressure, worried about domestic labor movements.Therefore, in order to protect the domestic industry, everyone is consciously reducing imports.

The way to reduce imports is through tariffs.

Countries are raising tariffs to reduce imports.At present, some countries have raised tariffs on some commodities to 60.00%.

The tariff war has greatly affected export-oriented countries.

Especially the United States, the emerging largest industrial country in the world, and Japan, which relies heavily on exports.These two countries have suffered greatly.

Therefore, the two countries also began to take retaliatory measures.

"Prime Minister, our country's industrial products are not very competitive in the world. In the history of our country, the products exported were mainly tea and porcelain. In recent decades, the main exports are only some basic resources. Such as tung oil, pig bristles, Or the natural rubber, soybeans, and peanuts that we signed with Germany. And minerals such as antimony ore, tin ore, and coal. We will not be able to export other industrial products in the future, not to mention now. Our country After industrial development, the domestic market can be considered first.”

"go on."

Duan Xun began to understand what Wang Yongjiang meant.

"Therefore, in fact, our country's economy is basically isolated from the world economy. Even if our country's industry develops, it will be the same for a period of time in the future. For the people of our country and most of the enterprises, they will not be able to do so for a long time. They know how to deal with foreign countries. All their lives are completed in the country, which means that many people will never use foreign exchange for their entire lives. As long as paper money is used throughout the country, the paper money will accompany them for life. They will not use gold and silver in the future.”

Closed.

Duan Xun already understood what Wang Yongjiang meant.

The Chinese economy is closed.Although China also does business with foreign countries, in fact most of the economic activities only take place at home.As long as banknotes are used throughout the country, only banknotes are in circulation in the country.

Gold and silver exchanged for banknotes can be used as foreign exchange.Because of these gold and silver, it is impossible for most domestic factories and people to have the opportunity to reuse these gold and silver and foreign exchange.

Worried about the world economy affecting the exchange rate of Chinese currency?

Think more.

Anyway, it is very difficult for Chinese industrial products to get out of China, and they cannot be sold at all.What Wang Yongjiang meant was to turn China's economy into a relatively closed economic model.

Strictly control the currency flow.

Duan Xun hesitated.

Because Duan Xun didn't know if it was good or not.Closing the Chinese economy, especially the strict control of currency flows, will make China gradually more closed.

And if it is too closed, will it affect the relationship with the great powers?After all, the big powers are now looking for new markets, and China has a large population and a large market.

"Will there really be fewer places to use foreign exchange?"

"Yes. Compared with the huge domestic gold and silver reserves, the amount of foreign exchange spent each year is very small. Even if we expand the import of machinery and equipment, the same is true. Prime Minister, for now, we can completely follow the world in the future. Countries raise tariffs and raise taxes on foreign products to reduce imports. In this way, they help the development of domestic factories."

"Will this affect our exports?"

"Will not."

Wang Yongjiang is very confident.

"Prime Minister, the composition of our country's exports is different. We currently export mostly raw materials. As long as European countries and Japan develop industries, they will inevitably need raw materials. However, my country can provide large quantities of raw materials, so this is a necessity. As long as It’s not that the price is too outrageous, they must be importing these raw materials from our country.”

"kindness."

Duan Xun already understood what Wang Yongjiang meant.Anyway, Chinese industrial products cannot go abroad, so they simply follow the world to raise tariffs.

Use this method to support domestic national industries.

However, what China exports are raw materials, and the world's industrial countries have to have what they don't want.

"We have a special discussion on this."

Although Wang Yongjiang understands what he means, it already involves financial management.There is not much use in continuing the discussion here.So Duan Xun said: "Prime Minister Dai, this way. We are only discussing some major aspects at this meeting. Since Premier Dai has some doubts, I will bring some people with me, and Premier Wang, the Ministry of Industry, the Ministry of Commerce, the Ministry of Energy, the Ministry of Energy, etc. Discuss carefully with the Ministry. Discuss and pass project by project.”

"Yes."

411

"Prime Minister, Prime Minister."

1923 10 Month 18 Day.

The door of the Supreme Court.

The Anhui businessman's case against the cabinet officially started today.

This is a completely open trial. Those who want to observe the trial submit an application, and after getting approval, they can observe the trial.Of course, the seats are limited, and there are only a small number of people who can finally get the seats to observe.But it still attracted the attention of the whole of China.Reporters from the largest newspapers in the country gathered at the court.Before and after the trial, these journalists were allowed to take pictures and ask questions.

But during the trial, no one was allowed to take pictures.If you disturb the order of the court, you can be directly expelled from the court.

Therefore, before the trial started, a large number of journalists were already squatting at the gate of the court, wanting to get first-hand information.When the cabinet responding team appeared, the reporters frantically surrounded them.Three floors inside and three floors outside, directly surrounded the cabinet responding team.

why?

They already knew that among the cabinet responding team, Yang Yongtai, as the deputy prime minister of the cabinet, would personally respond to the lawsuit on the first day of the trial.In other words, Yang Yongtai, as a cabinet representative, will sit in the dock.

Among the cabinet responding team that came today, besides Yang Yongtai, who had already been confirmed, there were also many cabinet leaders present at the scene.What made the reporters crazy was that even Duan Xun, the prime minister of the cabinet, was present in person.

Of course, with so many big shots here, the security force at the gate of the court is also very strong.In addition to the court's own bailiffs, the Cabinet Guard was here.

Seeing these reporters coming, the security forces immediately moved forward to separate these people.

"There are only four or 10 minutes left to leave the courtroom. Time is precious, and we only give you 15 minutes. The journalists whose names I call can ask questions, and other journalists hope that they can be quiet."