"...From 1894, the disastrous defeat faced by the Qing government of China and the Yuan Shikai government of Beiyang has inspired unprecedented nationalist sentiment in China. The early military actions of the He Rui government that exceeded expectations were precisely to respond to this intense Chinese nationalist sentiment.

When He Rui defeated Japan in 1923, from He Rui's speech, He Rui knew very well that after defeating Japan, the Northeastern Army of China obtained a strategic window for free to act during the Chinese War of Unification. However, for ordinary Chinese people, their strong nationalist sentiment finally found a target to be placed on. A Chinese leader who defeated China's most direct enemy unified China and naturally gained the legitimacy of governing.

From the last Conservative Baldwin administration to the current ruling Communist MacDonald administration, the two British governments did not know what reason, and did not clearly consider how to repair the hostility of Chinese people to Britain caused by various tragic events in the past century. Ignoring the relationship between China and Britain between China and Britain is a irrational and irresponsible for politicians.

If the hostility between the two peoples cannot be repaired as soon as possible, what we are seeing now is the cooperation between China and France. After that, we have to watch China-US cooperation? Sino-Soviet cooperation?"

Other British newspapers also made special topics about the economy at this time. The Guardian analyzed the current economic situation between Britain and France the day after the Times editorial was published.

"…In 1929, the UK's GDP was 4.7 billion pounds. According to the data released by France and the changes in the exchange rate between the pound and the franc, France's GDP was about 4.3 billion pounds. In 1927, France's GDP was about 3.2 billion pounds.

According to the latest employment data released by the French government, as the proposal of French left-wing parties to strengthen French education was approved, France cracked down on child labor and set up a police department that specifically arrested children skipping classes. Therefore, the unemployment rate in France has dropped to around 1.5. This means that the French economy is active and the demand for labor has increased greatly, so that disabled people have to find employment.

The unemployment rate in the UK has exceeded 10% in early 1930, and now it has reached nearly 15%. The economic crisis caused by the US financial crisis shows no signs of being resolved, which means that the British economy cannot improve in the short term. If this situation continues for three years, with the change in the exchange rate between the pound and the franc, the French economy may become 150% or even 200% of that in the UK in the next few years. The situation in the European continent will be completely changed.

The changes in the French economy do not come from France's own strength, but based on the confidence brought to the French economy by Sino-French economic cooperation. The direction of how to deal with the current situation is no longer clear. Do the gentlemen in Downing Street lack the ability to recognize the current British policy direction?"

The British newspaper industry is concentrated in Fleet Street. When the British Labor Cabinet was fiercely criticized by Fleet Street, Prime Minister McDonald even felt a little wronged. The British government is certainly clear about what the newspapers can see clearly. However, the newspapers know that the relationship between China and Britain cannot be improved easily. Of course, the British government is very clear about the fact that if the relationship between China and Britain is very good, it can also promote Sino-British cooperation. Therefore, the British government is completely unoptimistic about building a good relationship between China and Britain in the short term.

In the past world, if China did the major things that Britain had done to Britain, the British people would hate China for at least 200 years. Most importantly, the last two British governments did not clearly support China's unification during the Chinese War of Unity, and in the subsequent Sino-British War, Britain did not seek reconciliation between China and Britain.

The car that British economist Keynes was riding in was parked in front of the British Prime Minister's Manor. At the end of May 1930, Keynes walked into the manor under the guidance of the Prime Minister's Secretary and immediately saw Prime Minister Mr. Macdonald in the front hall.

Prime Minister McDonald had brown curly hair, thick beard on his upper lips, and a sharp face. He looked like a Scot. Keynes walked forward and Prime Minister McDonald took the initiative to shake hands with MacDonald. The Prime Minister also observed the famous economist Keynes, who had a wide forehead, a high nose bridge, and a wide thick lips. Such a profound facial contour had the feeling of a Viking and the indifference of a Nordic. If you only look at your appearance, it is difficult to associate this natural cold appearance with the fierce scholar who shouted in the newspaper a few years ago that "the disgusting government-led economic model will inevitably lead to the British economy falling into the abyss."

"Mr. Keynes, I noticed your suggestion. But it seems that this suggestion is very different from your previous economic viewpoint." MacDonald said, pointing to the sofa.

Keynes, a member of the Royal Academy of Sciences, was not polite. He sat on the sofa and said the second second: "Prince, I suggest that the UK lower the current exchange rate by 25% immediately to maintain exports and reduce unemployment. The way to save the British economy now is not trade freedom or fiscal balance, but to maintain the UK's employment rate. As long as British workers have jobs, the British economy will be saved."

Free trade and fiscal balance have always been a tradition in the Victorian era in Britain. The era of ignoring this tradition was the Little Pitt Cabinet during the Napoleonic War. In order to win the war, Britain even collected taxes based on the number of windows of British families. Ordinary British people have low evaluations of Prime Minister Pitt.

Although MacDonald is a Labor Party and is willing to protect employment, if the means of protecting employment is to break the traditional British economy, MacDonald feels that he is completely in conflict with it. But Keynes is the most famous economist in the UK, so MacDonald asked politely: "Mr. Keynes, the means of the government's economic driving force cannot last. I admire your knowledge and courage, so can you tell me, if the government implements your suggestions, how long can the finances last?"

Keynes felt that he might have been wrong, but the situation in front of him could no longer be so scrutinized. He simply asked a question, "Mr. Prime Minister, do you know what the unemployment rate in China is? And in 1929, how many junior high school students did China graduate?"

MacDonald felt unhappy. He instinctively disliked China, and in the past two years, China has truly become an important country in the world, especially this year. It seems that when it comes to international issues and the world economy, it seems that China cannot talk about these world events without mentioning it.

Suppressing the unhappiness in his heart, Prime Minister McDonald asked: "Can Mr. Keynes tell me these data?"

"As China has adopted land reform, its real unemployment rate will never exceed 3%. The number of junior high school students in China graduated in 1929 exceeded 2 million. In the future, the number of junior high school students in China will increase by more than 500,000 on the basis of the previous year. In addition to having 2 million labor force that has received eight years of education every year, the Chinese government is also striving to create jobs that meet so many employed people. As long as China's policy of ensuring employment can be realized, China's economy will surpass that of the UK in 6 years. This is the result of employment protection."

Prime Minister McDonald never expected that Keynes, an economist, would make such an outrageous judgment, and anger couldn't help but surge in his heart. If China's economy surpassed Britain and France, which was very prosperous, what else would Britain be the world hegemon? Hurry up and prepare for the decisive battle to maintain its hegemony.

After forcibly calming down a moment of emotion, Prime Minister McDonald scratched his curly brown hair before asking calmly: "If Britain gives up on fiscal balance, it will need to borrow money."

"The UK has a very strong ability to borrow money, and the increase in employment rate of British workers will make more investors willing to invest in the UK. When the economic crisis passes, a healthy British economy will develop rapidly, and the ability to repay debts will be greatly improved at that time. Prime Minister, Chinese leaders have a very deep understanding of the economy. China's economic development will give the Chinese government an unparalleled debt repayment ability, which is also the fundamental reason why China dares to invest so much in industrial development. If the Prime Minister wants to seize the privileges of investment and trade in China from France, China must first meet China's needs. If it cannot be met, it is impossible for the Chinese upper class to change its decision."

MacDonald felt that Keynes was too ideal. The actual quasi-alliance relationship between China and France is a strategic consideration. France can put aside its face and cooperate with China in this way, but Britain cannot, at least at this stage. Because if you want to convince China now, Britain must pay a price far higher than France.
Chapter completed!