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Chapter 705: Chen Shaokuan's Problem

Beijing is entering midsummer, and the scorching sunlight spreads on the glazed tiles of the Forbidden City, reflecting golden rays, making the vermilion wall more solemn. However, this wall encloses generations of emperors, making them unable to hear thunder or see magnificence, and can only understand the country and the world from the memorials. This is sadness and must not continue! Therefore, after taking over the power of the country, Yang Qiu firmly forbids all the use of royal buildings and gardens for government activities.

Yang Qiu was strolling in the Forbidden City, which had been closed and protected for 20 years. Walking next to him were Minister of Finance Xu Xiujun, Speaker of the Republic of China Hu Weide, Deputy Speaker Wang Zhaoming. The four of them took advantage of the opportunity of the Congress' lunch break and came to inspect the world's largest national museum that was about to be opened to the world. Seeing that the protection measures were very complete, Hu Weide laughed: "Just as soon as the newspaper said the museum was about to open, many people called me to ask me about the specific time, haha. It seems that the Forbidden City is still very attractive."

"People always have curiosity. They used to be worried when they looked at each other from afar, but now they have the opportunity to come in and don't squeeze their heads out." Xu Xiujun also smiled and said, "Although I dare not say that the country is prosperous and the people are safe, the national income has increased significantly in recent years. I estimate that after opening, it will receive at least one million tourists every year, which will be of great benefit to Beijing's economic driving force."

"You, now everything is related to the economy."

"There is nothing to do. Who asked me to take care of my money now? The country has too many places to use money. It's too much for us to catch up with Europe and the United States, so I'm counting on gold bricks falling from the sky now.

"Xu Xiujun spread his hands and looked helpless. Although it was a joke, it also revealed the real situation of the development of the Republic of China. Even if it was already the world's largest economy, it was even worse than that of neighboring Japan if it was distributed per capita. Especially after Yang Qiu came to power, major projects were launched and the accumulated fiscal deficit was as large as tens of billions! The Chinese people were very afraid of borrowing loans and borrowing money. They always felt that surplus was the best every year, but now they spent all their fiscal revenue in a few years. It can be seen how worried he was, and he always felt like a mountain was pressing on his chest.

Hu Weide was also well aware of the pressure from the Ministry of Finance and looked at Yang Qiu and asked: "President, can depreciate the currency really solve such a large fiscal deficit problem?"

Yang Qiu came to Congress today to participate in the discussion meeting of the Monetary Reform Act. This bill was mainly proposed for the binding of gold and depreciation of currencies in Roosevelt's new policy. According to Gu Yuwen's prediction, if the People's Yuan cannot be depreciated as soon as possible, American goods will continue to pour into the domestic market, so this matter is urgent. So after he talked about Gu Yuwen's prediction, he looked at Wang Zhaoming: "Currency depreciation is the general trend. Although my country is not a major exporter of industrial products, its export volume is also increasing year by year. Moreover, my country is also the largest importer of industrial goods after the Soviet Union. In particular, heavy industry has achieved considerable achievements, but it still lacks some background compared with Europe and the United States, so it is more necessary to depreciate and increase exports to prevent the US dumping and impact."

Seeing Yang Qiu staring at him while talking, Wang Zhaoming felt nervous in his heart, secretly laughing at him for so many years that he was afraid of being beaten by him. But since he was an opposition party, he still had to ask clearly and said: "We all know how to protect industry and exports. But it depreciated by 40% at once. Is it too much? Will it cause soaring prices to cause market chaos?"

After Yang Qiu came to power, he abolished the National Development and Reform Commission, reclaimed the rights and reduced the government's establishment, and also handed over the government's financial supervision and budget approval power to Congress, and arranged for Democratic Party Chairman Wang Zhaoming to serve as deputy speaker and chairman of the Congress' Finance Committee. This has aroused great opposition within the National Social Security because it will cause many financial control problems for the government. Fortunately, the National Social Security is the only one at the moment, and there will be basically no big problems in the budget. As for Yang Qiu, in the future, he hopes to establish a complete and supervised and restrained fiscal system. Of course, another purpose of actively letting opponents supervise his own finances is to make it clear to everyone that the national system of the Republic of China will not change again.

Wang Zhaoming did a good job in this position, but he was not as good as Gu Yuwen and others in terms of the relationship between economy and currency, so Xu Xiujun interrupted and introduced to him: "Devaluation is actually an increase in currency. According to the output value last year, it is equivalent to an additional issuance of 136 billion yuan. Of course, the market will not increase so much at once, because the fiscal deficit owed in previous years must be eliminated, so the remaining ones will slowly become circulating currency by raising the price of grain purchases, increasing government projects, and relaxing loans. So what the president is most worried about now is not devaluation, but workers! Our country is different from Europe and the United States. The factory welfare system has only been established for ten years, so Congress needs to strengthen legislation to continuously adjust the minimum wage standards for workers in various provinces, so that money can be truly circulated in the hands of the people and cannot be crushed to death."

Wang Zhaoming opened his mouth. This trick is too amazing! It is equivalent to printing a lot of money first, and then using the method of supporting industry and commerce to increase government investment and increasing grain purchase prices and wage standards to make it flow into the hands of ordinary people. This seems that ordinary families have a lot of income, but in fact, the depreciation of goods is actually the same because of currency increases the value of goods. The real benefit is business and government. Industry and commerce can use loose loans to increase investment in the process of circulation, and the government can even use the extra money out of thin air to offset the deficit of hundreds of billions of yuan, and can also start a large number of welfare construction projects.

After thinking it through, he smiled bitterly in his heart. It was military politics before, but now it was economic. When will the Democratic Party stand up? Although Wang Zhaoming thought so in his heart, he did not dare to delay such an important currency reform bill in his actions. So the next day, after discussion, Congress unanimously passed the currency reform bill submitted by the Presidential Office.

As Wang Zhengting was out on a visit, Yang Qiu personally deployed the implementation of the bill. According to this bill, the Republic of China not only became the second country in the world after the United States to significantly depreciate its own currency, but also immediately raised the grain purchase price that year, and formulated a new minimum wage standard for industrial workers according to the scale and speed of economic development of various provinces and cities. Finally, in order to supervise the implementation of various provinces and cities, Zhang Wenjing, Xu Xiujun and others were also asked to lead the central supervision team to the provincial parliament to explain the importance of the bill and supervise the implementation of the bill on the spot.

Bei Zuyi also immediately took action, significantly reducing the central bank's loan benchmark interest rate and bank reserves, and promoting the loan issuance ratio of banks across the country.

The introduction of the "Money Reform Act" poured another pot of hot oil on the already hot economy of the Republic of China. The central government of Beijing not only took this opportunity to smooth out the tens of billions of deficits in one fell swoop, but also placed a large number of national orders and gradually began to increase the reserves of raw materials such as tungsten, manganese, and copper. Although the absorption volume is far from meeting the standards of war reserves, it shows that Yang Qiu has gradually prepared with the cover of economics.

Because the amount is not large, the outside world did not notice the action of hoarding strategic materials, but the military was particularly sensitive to it. When it learned that the bill was passed by the central bank and began to spend a lot of money, the three navy and army immediately became a quarrel, and the officers even came up with plans for expansion and dressing.

The purpose is very simple, increase military spending.

The most active one is of course the navy. Although Japan said to the outside world that it was built two treaty battleships to replace the Ise-class, this trick could only deceive foreigners, so that the navy would not think that Japan would really eliminate the Ise-class. Moreover, there was already a definite information that the Japanese Navy would build a super battleship with a caliber of 460 mm and four heavy cruisers. In this way, the gap that had just narrowed due to the delivery of all four Beijing-classes has widened again, so Chen Shaokuan dragged Bingwen to the Presidential Palace early in the morning, hoping to persuade the navy to increase its military expenditure again through the relationship between Bingwen and Yang Qiu.

But as soon as he entered the door, he found that Qin Zhangshu and Zhang Xiaojun were actually earlier than him, and immediately twitched the corners of his mouth. When Qin Zhangshu saw him, he even shouted, "Yeah, this is Houfu, it's so early."

"Commander Qin, Chief of Staff Zhang, it's too early for you." Chen Shaokuan didn't expect to meet these two people. However, he also knew in his heart that the Republic of China was the biggest hit by the 620 mutiny. Moreover, this time the Japanese military headquarters was preparing to expand the mainland army and increase the troops stationed in North Korea and South Sakhalin Island, so Qin Zhangshu and Zhang Xiaojun were so anxious for the first time.

Chen Shaokuan didn't want to mention military expenditure for the time being. He looked at the watch and pulled Bingwen to sit down face to face, and asked, "Rongnong, which onion is this Tojo Hideki? What ability do you have to replace Nagata Tetsuyama?"

The incident of Tojo Hideki replacing Nagata Tetsuyama as the chief of the Japanese Army surprised everyone. Because according to the Japanese Army, the chief of the military service is already a high position, so everyone has always believed that even if Nagata Tetsuyama dies, he should be taken over by Okamura Nishiji, Suzuki Sakuiichi or Hiroshiro Hiroshi, but he did not expect that an unknown person suddenly appeared.

Zhang Xiaojun had some impression of Hideki Tojo and said, "Information says Hideki Tojo and Okamura Nagamaru Nagaji and others were very close. Nagata Tetsuyama had a high opinion of him. Even the president had attracted special attention to this person before."

"Oh? The President has taken care of me?" When Chen Shaokuan was secretly concerned, Bingwen, who was sitting next to him, also wrote down the person and asked, "Chief of Staff, what about Tyranny of Nagata?"

"Hyuhito now wants to learn Meiji to interfere in politics. Nagata Tetsuyama was seriously injured this time, so he drove him to the commander of the East Timorese garrison. He also said that the environment there is better and more suitable for recuperation."

"False benevolence and false righteousness!" Bingwen snorted in his heart.

Chen Shaokuan didn't want to mention military expenditure for the time being, but Qin Zhangshu did not let him go and said with a smile: "Houfu, isn't your navy's tonnage full? Do you also have to learn from Japan's withdrawal from the treaty? If you don't withdraw, where do you get the tonnage to continue building ships?" Knowing that he was reminding himself that the navy should not grab too much military expenditure, Chen Shaokuan did not fight back, but instead showed a hint of disgrace on his face. Because the navy really couldn't come up with too many ways to deal with Japan's shipbuilding plan this time, unless it really withdraws from the treaty.

What should I do?
Chapter completed!
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