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Chapter 346 The Monetary System

Finally getting rid of the Han army, Qingru breathed a sigh of relief.

With their horses running at full speed, Qingru's Mobei coalition finally got out of the range of the dragoons.

Looking back at this moment, on the way to escape, there were corpses left along the way.

All of these corpses were shot in the back. They died in humiliation on the way to escape.

Along the way, Qingru felt like her waist was about to break.

He was once the young master of Sijiu City, how could he be so miserable now?

It felt like the pursuers behind were being pushed further and further away. Qingru quickly ordered the team to slow down.

If he keeps running like this, the war horse will probably be exhausted.

At this time, there is a valley in front of them, so they don't have to worry about pursuers outflanking them from the side. This valley is the way they came, and at least it's safe when they come.

The chasing horses were also very tired at this time. They also needed to slow down and rest. However, Gao Yun was not ready to give up on these deserters. He led a brigade of cavalry to hang on to Qingru's team.

Don't chase them too closely, and don't let them run away.

Just now, Qi Bin sent someone to tell them that just stay with these Mobei coalition forces from a distance, and there will be a surprise soon.

Above the valley in front of Qingru, an eagle cry suddenly came.

Many people looked up and saw a giant eagle circling over the heads of the coalition forces several times before swooping and disappearing into the valley.

Qingru seemed to feel that someone was watching him from the back of the valley.

However, when they came to this valley before, they had just passed through it and there was no problem. Maybe they were a little overwhelmed.

"Hengrui, the Han people are powerful, what do you think we should do in the future?" In order to avoid her own random thoughts, Qingru casually chatted with Hengrui.

"Your Majesty, since our military strength is insufficient, we can only seek external help. Hasn't Your Majesty already made arrangements?"

"After our army returns to Ulyasutai, we can start moving the population and livestock to Tangnu Ulianghai. We must send people to join forces with the Rakshasa people in the north as soon as possible. Only then can we have the Rakshasa people on our backs and fight with these people.

The Han people are circling around."

"If we can hold out until this winter, those Han people may retreat on their own." Hengrui analyzed.

Qingru nodded. Hengrui's words gave him great comfort.

The heart that was already a little despairing now seems to be ignited with hope again.

Living is the most important thing, and only living can have hope.

While I was thinking about it, a melodious horn sound suddenly came from ahead.

The horn sound came very suddenly.

A commotion instantly broke out among Qingru's cavalry team.

The sudden sound of the trumpet caused the coalition troops who thought they had escaped to panic again.

At this time, the coalition forces had lost two-thirds of their manpower. Everyone was as nervous as a frightened bird.

A large Mongolian man holding a flag appeared on the mountain in front, and the flag was blown by the wind on the top of the mountain.

Then three, five, seven, nine...

The horn sounded continuously, and a secret cavalry group appeared on the hilltop, filling the hills on both sides.

Qingru could see clearly, it was the White Wolf Cavalry of the Tuxie Tuhan Tribe.

"Quick, rush over!" At this time, without Qingru's instructions, the general below had already called on his cavalry to speed up. They were already being flanked from both sides.

"Your Majesty, they are indeed members of Tuxie Tuhan's tribe. They have already taken refuge with the Han people. Damn Tuxie Tuhan." Hengrui lost his composure.

Qingru's cavalrymen had already begun to urge their horses to speed up.

Misfortunes never come singly, and the whistle of the cavalry came from behind.

At some point, the Han cavalry who had been staying behind also caught up.

Now there is really a wolf in front and a tiger behind.

Gesr led the eight thousand cavalry of Tushetu Khan's tribe and had been lurking around Culun.

The old Khan told Gesr that this battle was related to the future of Tushetu Khan's tribe and told him to be cautious.

As the most loyal servant of the old Khan, Gesr obeyed the old Khan's instructions and did not act without authorization.

Instead, he kept patiently waiting.

The old Khan originally planned to let Geser lead troops to outflank Qingru's army from the rear when the two armies were fighting.

However, Qingru's men were so inexperienced that they fled in panic when faced with a Han army that was smaller than their own.

The old Khan hurriedly used the falcon to send a message and asked Gesr to ambush Qingru and the others on the only way to retreat.

Then the scene just now occurred.

The surprise that Qi Bin and Gao Yun were talking about was this team, so when he saw the falcons circling in the sky, Gao Yun had already ordered his men to speed up.

By this time, there was no suspense in this battle.

Being attacked from both sides, this improvised team fell apart in an instant.

The generals arranged by Qingru could no longer restrain the group of levied cavalry under their command.

Half an hour later, the battle ended. Qingru and his men were captured, and more than 2,000 of his remaining cavalry were annihilated, and the rest were all captured.

This battle established the Fuxing Army's rule over the entire Mobei.

It not only showed the combat power of the Renaissance Army to the Mobei tribes, but also made these people return to their hearts.

At the same time, the main force of the resistance forces in the western part of Mobei was also eliminated.

After the war, the First Cavalry Brigade did not stop. Instead, it led 8,000 men from Tushetu Khan all the way to the west and occupied the headquarters of General Ulia Sutai's Mansion.

Gesl led the troops very rigorously.

Through cooperation in this battle, Gao Yun felt that this young Mongolian was a natural cavalry commander.

He was going to talk to Qi Bin and see if he could persuade Tushetu Khan to give up his love and give this person to the Renaissance Army.

In Kulun City, Zasaktu Khan was struggling hysterically. He was detained by Qi Bin, and all his guards were disarmed.

Zasak Tuhan will never be able to return, and his territory will be taken back by the Renaissance Army, along with General Ulyasutai's Palace.

This place will become the land directly under the control of China in Mobei.

All the strong men of Zhasaktu had been defeated. Gao Yun arrived at the tribe of Zhasaktu and recovered all the tribes of Zhasaktu without much effort.

Qi Bin is planning to report to the Presidential Palace to establish a municipality directly under the central government here as the core of controlling Mobei.

The output of this land can also support the garrison in Mobei.

In the future, Mobei will be under the control of China with Ulyasutai as its political and economic center, Kulun as its religious center, the directly affiliated Uriyasutai City, and the attached Mongolian tribal autonomy model.

Qi Bin can't go back for the time being, he must continue to handle affairs here as a special envoy.

Xinjing of China.

Dong Shuheng is working in the Summer Palace and he likes this place very much.

The different styles of buildings here and the scenery that changes with the seasons make Dong Shuheng and his family never tire of it.

When China was first established, Dong Shuheng devoted most of his time to work. Occasionally, he would visit his three pregnant wives and concubines if he had some time.

Sometimes he even teases his eldest son.

Guangming Hall is now renamed Fuxing Hall and is Dong Shuheng’s main office.

Around the Summer Palace, surrounding the original royal gardens in the west of Beijing, a new city is rising.

In the political center of a country, there are tens of thousands of government workers alone, plus their families. Hundreds of thousands of people can completely support the framework of a small city.

Dong Shuheng asked the Ministry of Construction to allocate part of the current tight funds to start building the infrastructure of the new city in western Beijing.

There will be spacious roads, drainage facilities extending in all directions, beautiful urban greening, and complete public supporting facilities.

"Xue Yan, what do you think of the issue of banknotes I told you last time?"

Dong Shuheng has always been thinking about issuing banknotes. The country wants to control finance and obtain a quick way to make money.

We must take the path of issuing banknotes.

Now the European powers have begun to issue banknotes.

In the past, as a local power, Dong Shuheng had a monopoly on foreign trade. The economy had always been relatively comfortable.

After he entered Xinjing, Dong Shuheng confiscated a large amount of wealth from the princes and nobles.

However, the gold in this wealth must be kept as a reserve, and there are many jewelry, cultural relics, calligraphy and paintings that cannot be liquidated at once.

However, requests for money from all over the country flew like snowflakes to Dong Shuheng's desk in Xinjing City.

Peng Yulin planned to build the official road in the southwest. He also wanted to build a railway from Chuncheng in Yunnan Province to Qinzhou.

In this way, the southwest can directly communicate with the sea.

Dong Shuheng has not yet approved the railway plan. He currently has dozens of applications for railway construction.

If everything is repaired, it will not consume all the reserves of the national treasury.

But the official roads in the southwest really need to be rebuilt. Unrest often occurs in the southwest because the roads are impassable and the local areas are blocked, which gives local forces the opportunity to develop and expand.

Railways naturally need to be repaired, but important areas must be repaired first.

Dong Shuheng feels that the most important thing now is to stabilize the north.

He plans to use five years to build railways from Xinjing to Zhangjiakou, and from Xuzhou to Xi'an.

The north is not as developed as the waterways in the south, and transportation relies entirely on land. Therefore, priority should be given to the development of railways.

The limitations of the canal are too great. Moreover, due to the current management of the Yellow River, the canal has also been greatly affected. Therefore, a north-south channel needs to be built.

Moreover, it is easier to build railways in the north, especially in the North China Plain, where the land is flat and there are few rivers.

At present, supplies to Xinjing are shipped from the original Dagukou port. When the railway is built, the connectivity between the north and the south will be closer.

In order to facilitate the transportation of materials, a branch railway from Xinjing to Dagukou has been built, and a railway from Xinjing to Luanzhou has also been built. In the future, this railway will be extended to outside the customs.

The construction of these two railways injected impetus into the previously almost paralyzed northern economy, and a large number of working people found work at the railway construction sites.

To put it bluntly, this is still the Chinese government spending money to repair the project. The people work and get money. Then they use the labor money to buy the materials shipped by the Chinese government from the south.

The final consumption in this process is materials. Most of them are produced in China, and some are imported from Nanyang.

This forms a virtuous cycle.

"President, after research, we feel that we should first issue something to replace banknotes. For example, large-amount bills of exchange, which can be used by merchants in long-distance freight trade."

"There are also small military coupons, which can be paid to government workers and military personnel as wages first. It also stipulates that holders can purchase items at discounts at government supply and marketing supermarkets. Of course, they can also be exchanged for silver dollars of the same denomination."

After the Renaissance Army occupied the country, Dong Shuheng had ordered the Huaihai Company to become a Chinese state-owned company.

In order to stabilize prices and commodity supply in various places.

The Chinese government has established state-run supply and marketing supermarkets across the country. It utilizes the efficient transportation capabilities of Huaihai Transportation to ensure the closest supply of materials to various locations.

Dong Shuheng also established the Fuxing Bank as the central bank in addition to the Yangtze River Bank. It is responsible for managing the issuance of currency, supervising the operation of commercial banks, and storing government financial funds...

In the future, all local government funds will be placed in the Bank of China, which is more conducive to the security of funds and can also strengthen local control.

Local governments draw from the Bank of China when needed. No matter what, the money will leave a trace.

Another important task of the Renaissance Bank is to encourage and support the establishment of commercial banks in various places and improve the bank's reserve system.

Now the minting rights of the Yangtze River Bank have been handed over to the Development Bank of China. The silver dollar issued by the Development Bank is called the Hua Yuan.

With the unification of China, Yangtze River Bank also expanded nationwide, and it is still the largest commercial bank.

Now it is a public-private joint venture bank. Dong Shuheng's part of the shares has been transferred to Huaxia State-owned Bank.

Dong Shuheng's move to convert a large number of assets that he originally held into state-owned assets undoubtedly greatly moved the officials of the Renaissance Army.

Even the emperor had to separate the private treasury and the national treasury.

Dong Shuheng has not yet succeeded to the throne, so his actions can only be described as selfless.

In addition, some military-industrial enterprises in Huaihai Navy were also converted to state-owned enterprises, and enterprises such as Huai·Ke Group that were originally controlled by Dong Shuheng were converted into joint ventures.

Dong Shuheng is not prepared to continue to develop these industries that he originally owned as his own.

If this continues, his family will control the economic lifeline of the entire country.

This would be a very dangerous thing.

Excessive power can breed unnecessary ambition. Maybe he won't do it now, but they will try to ensure that others won't.

In Dong Shuheng's China plan, industries related to the country's lifeline such as railways, military industry, and electric power must be in the hands of the state.

If these key industries are in the hands of individuals, then individuals will indirectly control the country.

If Dong Shuheng wants to make money, it couldn't be easier. He knows the future economic development direction, and he can make a lot of profits just by investing in these fields.

This nationalization of the original Huaihai Navy industry is also a spur to other people in the Renaissance Army. It is equivalent to drawing a line for everyone, telling everyone that it is okay to make money, but there are some lines that cannot be crossed.

"Xue Yan, then do you think this matter should be handled by the FCB or the Yangtze River Bank?" Dong Shuheng understood that Hu Guangyong meant that the issuance of banknotes cannot be carried out directly.

First, let people know that paper bills can also represent a certain value through things like money orders and vouchers.

After a certain period of time, official banknotes will be issued.

Many countries in Europe still use a mixture of paper currency and metal currency.

In other words, the credibility of banknotes has not yet been fully established worldwide.

Dong Shuheng longed for the feeling of issuing currency and harvesting it all over the world. Perhaps he was stimulated by later generations seeing Lao Mi printing money at every turn.

In fact, in Chinese history, the weak Song Dynasty, which has always been looked down upon by many people, once established a similar monetary hegemony.

At that time, the copper coins of the Song Dynasty were sought after by surrounding countries and had strong purchasing power.

It can be said that as long as there was enough copper in the Song Dynasty at that time, there would be no inflation if copper coins were minted in large quantities.

Because the demand for Song Dynasty money is very strong in neighboring countries. There are even people who specialize in smuggling Song Dynasty money.

Currency plays a very important role in Dong Shuheng's Greater China Circle plan.

In the future, countries in the Greater China Circle will not only want Chinese people to exist as the dominant local ethnic group, but also want to popularize Chinese culture and language and establish close economic ties with the Chinese mainland.

This close economic relationship must be linked by a unified currency.

ps: Dear friends, it’s the holidays, spend more time with your family and stop looking at your cell phone.


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