Beiyang reactionaries

"In principle, I agree with the report of the Economic and Development Commission."

532

The second five-year plan of the Economic and Development Commission is a very large plan, involving all aspects.It's just that the Economic and Development Commission should focus on the development of four industries on the basis of the original, highlight these four industries, and then launch 23 key projects according to these four industries.

And around these 23 key projects, there are still a lot of supporting industries that need to be developed together by the Economic and Development Commission.Because of the first five-year plan, everyone has enough experience.After the establishment of the first five-year plan, many departments did not cooperate smoothly, which caused a lot of trouble.Even in the first year of the first five-year plan, there were fierce fights and quarrels among various departments, and even accusations were made at cabinet meetings.

But it's better now.

The first five-year plan allowed various departments to have a good run-in, and also let the Economic and Development Commission know how to develop them in proportion.It will not be a situation where one department invests more and another department invests less.On the contrary, it is to understand how the two departments should cooperate with each other, how to invest in proportion, and so on.

In fact, Liang Huankui didn't tell the whole story at the meeting.

The key projects of the second five-year plan are four major aspects, 23 key projects, and 23 supporting projects around these 117 key projects.

Although the supporting items seem to be only coordinated, they are also very important.

Just like a coal factory.

Start with a complete set of equipment, lay your own railroad tracks, and manufacture the trains you need for your own coal factory.In order to accomplish this, among the 117 supporting projects, there are several projects to build train manufacturing factories.

So that's the amount of money that needs to be spent.

Duan Xun listened to Liang Huankui's report at the meeting, and carefully read the report on the second five-year plan.Finally, the second five-year plan of the Economic and Development Commission was approved.With the approval of Cabinet Prime Minister Duan Xun, the second five-year plan officially became the cabinet's development plan for the next five years.

After the meeting, China once again invested in vigorous construction.

The second five-year plan is the five-year period from 1930 to 1934.However, starting in the second half of 1929, various departments have begun to work.

The Economic and Development Commission has also begun to frequently approve several large projects.

For these large projects, the Economic and Development Commission and local governments began to coordinate, and also coordinated with major banks.Because the Economic and Development Commission is unable to provide enough funds to promote these projects.Although the Economic and Development Commission is in charge of China's economy, it allocates a lot of financial funds every year.But in fact, the Economic and Development Commission has never had enough funds.Because the Economic and Development Commission covers too many industries, all those industries need investment.The little money in the hands of the Economic and Development Commission is not enough every year.

Although there is a lot of financial investment in domestic industrial construction, most of them rely on bank loans.This time too.The Economic and Development Commission will not be able to spend so much money to promote these projects for a while, so it borrowed a sum of money from the bank to promote the projects.

Start to integrate some small and medium factories, cooperate to establish large companies, and promote the second five-year plan.

"Very serious?"

"It's not serious, it's very serious."

Zhang Jiaao nodded.

After the approval of the second five-year plan, the government is already very busy.However, after more than four months of busy work, on November 1929, 11, the cabinet held another meeting.But it's not because of China's own affairs, but because of big things happening in the United States on the other side of the ocean.

"Prime Minister, this is the situation in the US stock market in the past ten days, and the situation is very serious."

Great Depression.

The Great Depression arrived in the United States.

The causes of the Great Depression in the United States have been analyzed in millions of articles, and no one can say which one is the most correct.But to put it simply, the United States is producing more and more things, but people's purchasing power has not kept up.Before the Great Depression in the United States, industry and finance prospered, but the growth of everyone's purchasing power was limited.The result was a massive excess of industrial production in the United States.

What does the United States rely on to prosper its economy.

exit.

100 years later, the United States is a big importer, with a trade deficit every year, buying items from all over the world.But in this era, the United States is the most powerful exporting country in the world, exporting a large number of products to all parts of the world every year.The result is that half of the world's gold is currently in the United States, with more than 5000 tons of gold reserves.The US gold reserves are astonishing, and this did not start after the end of World War II.Within ten years after the end of World War I, the world's gold was frantically pouring into the United States.

why?

It is because the United States dumps industrial products all over the world.

Moreover, the scale of foreign investment in the United States has been increasing in recent years.After the end of World War I, the United States invested an average of 11 billion U.S. dollars in various countries every year.In other words, the United States has invested more than [-] billion U.S. dollars in foreign countries in the past ten years. What kind of investment scale is this?But so much money is also a big burden for countries such as Britain, France and Germany.

The European powers suffered heavy losses in World War I. In order to restore their economies, they could only accept investment and loans from the United States.But the money has to be paid back.

However, there are too many investments and loans in the United States, and the annual interest rates are so astonishing that even old industrial powers like Britain and France are struggling.In order to pay back the money, they take another method.That is to start reducing imports of industrial products from the United States.

Because American industrial products swept European industrial products, the result was that European money continued to flow into the United States through trade.It will make the economy of European countries that are already bad economically more difficult.

Therefore, in recent years, the world's powerful countries have increasingly rejected the United States. The old imperialism headed by Britain and France not only rejected American products from entering their own countries, but also surrounded those colonies and semi-colonies.High tariffs are imposed on American products.They use this method to improve their own industrial capacity, and also use this method to reduce the outflow of funds.

As a result, US exports have been greatly challenged in recent years.

It is not without reason that isolationism prevails in the United States.It is because European countries unite to reject the United States and prevent the United States from participating in international affairs.

In addition, the purchasing power of the United States could not keep up, which gradually led to problems in the American industry, that is, overproduction.After entering 1929, American industrial output had begun to have problems.

In order to maintain purchasing power, the United States began to stimulate consumption by means of installment payment.At present, the annual installment payment method stimulates consumption by more than 20 billion U.S. dollars. In recent years, it has been calculated to be 70 billion U.S. dollars.

What scale is this.

It is twice the current fiscal revenue of China.However, the salary growth of American workers has been limited in the past ten years. Such installment payments are not so easy.When the money cannot be repaid, it will be a disaster for the entire financial system.

But crazy Americans, looking at the crazy stock market, are indulging in madness one by one.Although some people have seen the problems of the US economy, but in front of the crazy crowd, these are nothing.

"The U.S. stock market has plummeted by almost 30% in the past ten days, wiping out $200 billion in market value."

"$200 billion? Huh."

Duan Xun smiled bitterly.

What does it mean to be rich? The United States is now called rich.A big crisis, the stock market evaporated 200 billion US dollars.Now the world does not have the concept of GDP, but when the GDP comes out, China's current GDP is estimated to be about 200 billion US dollars, and will not exceed 300 billion US dollars.But the market value of one stock market evaporated is 200 billion US dollars.

This is a strong America.

Now the GDP of the United States is estimated to be about 2000 billion US dollars.Not to mention the entire United States, the market value of General Motors alone before the stock market crash was 50 billion US dollars.

"What do you think the U.S. economy will be like in the future?"

Duan Xun asked Zhang Jiaao directly.

In fact, when the U.S. stock market just had problems more than ten days ago, the Chinese consulate in the United States didn't care much.After all, it is normal for the stock market to fluctuate and fluctuate.

Unexpectedly, in the next few days, the US stock market did not improve at all, on the contrary the stock market began to plummet.The entire United States was in a state of panic, and only the Chinese consulate in the United States passed the news to the country.

The Ministry of Foreign Affairs immediately passed the news to the Economic and Development Commission.

The relationship between China and the United States in recent years is not too bad, and of course there is no such thing as a good relationship.However, American capital has been investing in China for several years, becoming the country with the largest investment in China in the world.Although China and Japan have signed a "trade agreement", the relationship between the two sides is very good.

But economically, Japan's economy can't even keep up with the United States.Although Japanese factories have also begun to return to China to open factories, compared with the funds invested in the United States, they are really nothing.

Just the Benxi Iron and Steel Works established by the United States Steel Corporation in Benxi is a large project with an investment of nearly 4 million yuan.How can other countries compare.

Therefore, the Economic and Development Commission also attaches great importance to it.

Because there are still a lot of funds promised by the United States, if there is a problem in the US economy, the promised investment will not be realized.Therefore, the Economic and Development Committee immediately reported Duan Xun's big event.