Beiyang reactionaries

What an amazing handwriting.

But this is not unusual, Tanaka Yoshiichi is very clear.Because what China is doing now is actually not uncommon, and it is something that the Japanese have been playing badly for a long time.

Since the end of World War I, Japan can be regarded as "troubled by disasters."A lot of things happened.War, the Great Kanto Earthquake, and the financial crisis followed one another.After the end of World War I, Japan's fiscal deficit began to appear, but how did it survive these problems?In fact, it is playing loose fiscal policy.The Bank of Japan keeps printing money and lending money to big conglomerates to get them through.

The big consortia have survived, banks have survived, and factories have survived.

But this kind of stimulation has great side effects.The biggest side effect is that inflation in Japan is very serious, and most of the small and medium-sized enterprises are killed or injured.Only those big consortiums survived.

How much did Japan print?

China can't imagine it at all.For the disaster relief of the Great Kanto Earthquake, war expenses, and financial crisis, the Bank of Japan has all released water.I don't know how much it was printed.

I don't know how many times that of Japan's fiscal revenue.

Therefore, China's practice is not new to Japan at all.It's just that Japan has released too much water in the past ten years, and it can't be released now.It's just that he didn't expect China to choose such a large-scale release of water this time, with 30 billion flowing out of the market.

It can only be said that China is rich.

Now Japan's fiscal revenue is only about 30 billion yuan.But the basic capital for China's water release is 30 billion.

"Apart from this, the central bank in China cut the reserve requirement ratio by two points."

"Two o'clock?"

Tian Zhongyi thought for a while and asked, "How many deposits do these banks in China have?"

reserve.

Since the Bank of China's financial reform, reserves have been increasing, until now China's bank reserve interest rate has reached 16 points.

Originally, the goal of the Bank of China was to increase the reserve requirement to 20%.It was only because of the economic crisis that it did not continue.The current situation in the Bank of China is to deposit 100 yuan, and there must be a reserve of 16 yuan.

Now lower it by two points, that is, change the reserve requirement ratio from 16 points to 14 points.This is the release of funds by the Bank of China.

"We don't know the details, because the central bank of China did not publish accurate report data. However, when the Chinese government carried out currency reforms, it finally exchanged more than 20 billion, nearly 30 billion funds. After so many years, the Chinese government The fiscal revenue of the Chinese government has more than tripled, not to mention deposits. We have conducted simple statistics based on the bank data of the Chinese government, and the total deposits of the Chinese government should exceed 300 billion.”

"call--"

Tanaka Yoshiichi took a deep breath.

really.

China is a big country with rapid growth in fiscal revenue and bank deposits.It has increased tenfold in less than ten years. 300 billion, what scale of funds is this.Chinese people are already so rich.

Tanaka Yoshiichi said incredulously: "Is the data accurate?"

"There must be errors. But there will be no major problems overall. The deposits of Bank of China will only increase or decrease. At present, HSBC should be the most transparent financial bank in China. Because although the major shareholder of HSBC is the Chinese government, the Chinese government The government does not directly intervene in the operation of HSBC. Therefore, the system of HSBC still follows the model of the British in the past. Moreover, HSBC has many shareholders, so the company’s financials will be announced. When HSBC had problems five years ago, they were in The deposits in China are about 12 billion. After five years, HSBC has developed well. According to the latest data, HSBC’s current deposits are about 43 billion. In the past, HSBC was the largest bank in China, and even the largest bank in the Far East But the largest bank in China is no longer HSBC. The largest banks in China are Commercial Bank and Bank of Communications. These two banks are the largest banks in China. They also have China Construction Bank, China Merchants Bank, and Agricultural Bank. It is one of the largest banks in China. Besides them, many local banks have been established in China in recent years, so we calculate that the national savings in China should be about 300 billion. Or it should be more than 300 billion.”

"Reduce by 2%, that is to release [-] million funds."

"Yes."

Tanaka was silent at first, thinking carefully.

The current situation is too dangerous, Tanaka Yoshiichi must come up with a solution.Otherwise, Japan will go through the financial crisis a few years ago.He has to think carefully about how to get out of the current situation.

"With such an approach in China, there should be no shortage of various investments."

"Yes. Those banks have lent so much money, and many projects have already started. As far as I know, the Ministry of Industry, the Ministry of Railways, and the Ministry of Electric Power have launched many large projects. There are also many local governments who have many projects."

"China, China."

Yoshiichi Tanaka frowned deeply, thought for a while and said, "Master Zang, you are also aware of the current situation. European and American countries have started to raise tariffs again, and the economy is not good, and the import volume has dropped sharply. Now it seems that it is most likely to save our country. China is the only one that is exported. With such a large investment in China now, it must need a lot of things. I think it’s going to be troublesome. You should go and discuss with the Chinese government to see how to solve the current problem. If possible, let us both countries to increase trade and solve some problems with each other."

"it is good."

537

"Is Takahashi Qing coming?"

"Yes."

Yan Shichao nodded and said: "Prime Minister, both the Ministry of Foreign Affairs and the Ministry of Commerce have received a note from the Ministry of Foreign Affairs of Japan. Minister Takahashi of the Ministry of Finance of Japan hopes to bring a negotiating team to visit our country and discuss with our country the trade between the two countries. question."

"Trade, trade."

It is normal for Japan to discuss trade with China.

It's not that Duan Xun boasted. There are only two countries in the world that can alleviate the world economic crisis. One is the Soviet Union in the north and the other is China.

Because China and the Soviet Union have markets.

The main problem of the current world economic crisis is the lack of a market.European and American countries and their colonies, their own markets can no longer digest their industrial products, so there is such a big economic crisis.In the beginning, there was excess capacity, so factories began to reduce production and lay off workers.However, there are more unemployed people, which further shrinks the market, and the products cannot be sold.So those factories chose to continue to reduce production and lay off workers.The vicious circle continues, and the entire economy begins to collapse.

But now, China and the Soviet Union are the largest overseas markets besides European and American countries and colonies, and the markets are huge.For European and American countries and Japan, China and the Soviet Union are all markets that cannot be ignored.

Regardless of whether the two countries are not as powerful as European and American countries, their industry is not as good as theirs, their life is not as good as theirs, and their economy is not good.But both China and the Soviet Union are big countries, countries with large land areas and large populations in the world, and both have powerful governments.

The two countries are doing pretty much the same thing now.

Collect most of the private capital.China and the Soviet Union used strong governments and administrative means to collect domestic capital, so the governments had amazing financial strength.The financial strength of China and the Soviet Union is definitely a big capital for European and American countries.Spending so much money is a huge temptation for European and American countries.

Of course, the Soviet Union was more ruthless than China. Using their institutional advantages, they collected almost all the capital that the Soviet Union could collect.There is not much money left for the people at all.

Just look at the grain exports of the Soviet Union.

In the past few years, the population of the Soviet Union has recovered, but the grain output has basically not changed much.However, the grain exports of the Soviet Union have risen sharply in recent years, with annual grain exports exceeding 30 billion catties.The Soviet Union purchased so many machinery and equipment from Europe and the United States, and their grain exports have made great contributions.

But it is also because the Soviet Union needs food exports to raise funds.Therefore, a large amount of grain was harvested, resulting in a serious shortage of grain in rural areas.

Therefore, in terms of private capital, the Soviet Union cannot be compared with China at all.After all, China has accumulated wealth for so many years. Before the Opium War, when it comes to private wealth, China was the world's second, if not the first.Although the Opium Wars began and a huge amount of wealth was lost, there has always been a lot of wealth left.Moreover, private capital has developed rapidly since World War I.At present, although China's light industry does not dare to compare with that of European and American countries, it has already established a certain climate.

Especially after the government withdraws tariffs, unifies the national market, and gives them preferential taxation, the development of China's light industry is really strong.The Chinese are actually very talented in doing business.As long as they are given a chance and given a market, they will be able to develop.

There are also those landlords in China.

Duan Xun has always suppressed the landlord class.Starting from the Sichuan Governor, Duan Xun has been using policies to suppress these landlords.In fact, what Duan Xun wants is not to eliminate these landlords, but to drive them from the countryside to the cities.Because they stayed in the countryside, which affected Duan Xun's rural policy, and a large amount of funds were wasted in the countryside.

The effect is still very good.

Over the years, Duan Xun has been suppressing the prices of agricultural products in the countryside, and has begun to deprive the landlords of their original privileges in the countryside.The result was that those landlords gave up their land in large numbers and ran to the cities.It also allowed the landlord's funds to start flowing in the city, which increased the strength of private capital.

Plus China has a large population.

As long as they do a little bit better, they can make high grades.At present, some national capitalists in China are very powerful, relying on the Chinese market, their net worth is astonishing.

Therefore, in the current world economic crisis, the only ones who can alleviate their economic crisis and give them some markets are China and the Soviet Union.The relationship between Japan and the Soviet Union was not very good.What's more, the current Soviet Union has nothing to do with Japan, and the Soviet Union doesn't look down on Japan's scrap copper and rotten iron.