Chapter 1065 Capital of the Second Industrialization
Do Indian Asans all regard themselves as the People's Liberation Army?
After listening to Queen Bayi's words, Emperor Zhu was really stunned again and again. He really had no ambitions for India!
"Isn't that the case?" Zhu Jishi frowned, "As far as I know, all the princes of India have jointly signed a letter to persuade Queen Victoria to join!"
Queen Bai laughed and said: "Who dares not to persuade us to come in? The mercenaries of the East India Company are on top of us. Let alone asking Queen Victoria to be the emperor of India, there is no problem even if she is the mother of the princes like us.
." Her tone has become lowered, "But all of us know that the British will not give up... In the past 100 years, they have taken more than half of the Indian land as their own! They plundered from India
The wealth is too great to be calculated!”
Zhu Jishi laughed a few times: "Bayi, do you know that I am different from Queen Victoria? Maybe I will also covet the wealth of India."
Queen Bai smiled faintly and said: "This is always an opportunity, isn't it? If you go to war with Queen Victoria to capture India, we Indian princes may be able to take a breather. At least until you defeat Britain and become the world's hegemon,
You have to win over us princes and hand over India to our rule...perhaps, this is a very, very troublesome thing. Sometimes we ourselves feel it is a headache, but the British actually go to the trouble to help us.
The country is governed in an orderly manner.”
Zhu Jishi nodded noncommittally, thinking that this Indian girl has really good taste! He really has no interest in Indian Asan... I really admire the British! In fact, India is under their management.
It would be better than India, which managed itself after the war. This is what Emperor Zhu heard from several Indian students in later generations!
"Your Majesty, do you know how much debt the Americans have owed to Britain in the past 10 years? During this period, more than a dozen British banks have collapsed because of their inability to repay. These topics have become the hottest topics in Calcutta.
"
Zhu Jishi remained silent. 3 billion rupees... He wanted to borrow whatever he wanted. He knew that what he was going to get could not be rupee silver coins or banknotes, but gold bars and silver ingots hoarded by the princes of the country!
With these precious metals, the hard currency that Ming Dynasty needed in the second industrial revolution will be available! Yes, as Ming Dynasty’s industrialization process deepens, Ming Dynasty’s international trade will soon show a deficit! Even if there is no economic crisis, even if there is no economic crisis,
Rubber and palm oil prices continue to remain strong, and deficits are inevitable.
Just look at the current United States and later Japan and China. The industrialization process in the United States began about 20 to 30 years earlier than the Ming Dynasty. It has now passed the primary stage. However, historically, until World War I, the United States
It also owes huge debts to Europeans, all due to the import of European machinery, technology and raw materials during the industrialization process.
As for Japan, before World War II, only silk could be exported to Europe and the United States, and industrial products could be sold to China. The proportion of Japan's foreign trade was not large. Moreover, Japan has always owed money to Britain and the United States.
Huge debt.
The same is true for the New China that Emperor Zhu is most familiar with. The accumulation of the first 30 years has made China an industrial country, but in the 1970s and 1980s, how big a situation did China's industrial products have in the world?
Since its inception, it has not experienced long-term deficits and RMB depreciation, and can only rely on the continued inflow of foreign investment to make up for it. It was not until the 21st century that it turned into a major surplus country.
It can be seen that in the early stages of a late-developing industrialized country, it is impossible to obtain hard currency through the export of industrial products to support the import of machinery, equipment and technology. Moreover, after the initial industrialization is achieved, it often means an overall increase in investment enthusiasm for industrialization, which requires imports.
The number of machines and equipment is much greater than before, which cannot be compensated by exporting agricultural products alone.
Moreover, this is the middle of the 19th century, not the middle of the 20th century. The currencies commonly used internationally are currencies linked to precious metals, and there is no such thing as gold exchange control. Therefore, although there is no shortage of gold and silver in the Ming Dynasty, Zhu Jishi was unable to
These gold and silver are concentrated to support industrialization. If he really wants to do this, it will definitely cause a violent financial shock.
Therefore, absorbing foreign investment has become an inevitable choice. Who cares whether the foreign investment comes from India or Europe? Thanks to the steelmaking technology invented by Bessemer and the advancement of chemical technology promoted by Zhu Jishi himself, the second industrial revolution has now begun.
The arrow is on the string. It is estimated that once this round of economic crisis is over, it will be another investment opportunity. The Ming Empire will catch up in the second industrial revolution no matter what! Otherwise, I will not lead the Ming Empire to the top of the world in this life.
A chance for hegemony!
As for the issue of repaying the loan... Of course, you can delay it as long as you can, and you can't pay it back if you can't!
Thinking of this, Zhu Jishi took a breath and considered: "The interest rate of 7% seems a bit high... This bond was issued by the Ming Dynasty and was guaranteed by customs duties. There is no problem with its credibility. If you pay 5%,
6% interest rate, the specific amount is determined by underwriting
Let the merchants decide. HSBC will definitely be the underwriter of the bonds, and the East India Company will definitely have a hand in it. In addition, Bhai, do you have any local banks in India that you can recommend? My HSBC needs a local partner.
Only then can we enter India easily.”
Queen Bai blinked and said with a smile: "Of course. There are many banks in India, even I own a Zhangxi Trust Bank. And among all the local banks in India, the largest one is the Bank of Hyderabad. It is
Nizam of Hyderabad. Although the ruler of Hyderabad owned less than
One percent of the Ming Empire, but he himself is one of the richest people in the world, probably the second richest person in the world after Your Majesty, and he also hopes to make friends with Your Majesty. This time he
I plan to spend 100 million rupees to buy your bonds, and I also plan to spend the same amount of money to entrust HSBC Bank to invest."
He took out 200 million rupees without blinking an eye. This Ali Khan is really a rich man!
Of course Zhu Jishi didn’t know that in history, this princely family of a princely state, known as the “Noble Prince of Hyderabad” by the British, was probably the richest man in the world! During the First World War, this family gave free gifts to the British government.
Huge amounts of money. In the early 1940s, the last prince of Hyderabad owned as many as 20
He has a huge fortune of 100 million U.S. dollars, and owns countless jewelry. It is said that when strung together, it can circle Piccadilly Circus in London, England. A diamond with a net weight of 185 carats is just a paperweight for this prince. Of course, in
The 20 million untouchables under the rule of the Maharaja of Hyderabad must live worse than dogs. This is India!
There are hundreds of wealthy princes of princes like the Maharaja of Hyderabad in India, and tens of thousands of first-class princes of princes. If there was a Forbes rich list in this time and space, there would be probably the top 100 richest people in the world.
At least 50 of them are Indian Asans.
"What are the conditions? Bayi, what does His Highness Ali Khan want from me?" Emperor Zhu's tone became serious. He would not treat Queen Zhang Xi as a little woman who was dazzled by love. She is the head of a state!
And he is also a well-known figure in the circle of Indian princes. This time he rushed to Nanjing in a hurry, there is most likely someone behind him.
"His Royal Highness Ali Khan, like me, hopes that you can become the emperor of the Indian Confederation in the future." Queen Bayi looked at Zhu Jishi with burning eyes, "There are really many princes who have such an idea!"
Indian Confederation... Hearing this word, Zhu Jishi couldn't help laughing. It turned out that these princes had some ideas! A united and powerful empire was not what they wanted. A loose confederation or simply a confederation.
Chapter completed!