Song Biao nodded slightly, and always agreed with this idea, and asked again: "Where is the external system?"

What they mentioned are the Far East and the External System. The two categories of Zhonghe. The Far East belongs to the original system, Zhonghe belongs to the External System, and the two systems are combined to be Far East consortiums in a broad sense, but they are both part of the royal property.

Chen Guangfu replied: "Foreign division, I feel that investment in the United States may be more risky this year. The problem is that the assets in the United States are also in a low period. It is not cost-effective to withdraw funds and cash out now. Therefore, we are still trying our best to lobby the United States.

Congress will not pass the US Enterprise Protection Act, at least not before the economy recovers. In order to diversify risks, whether it is the department or the foreign department, investment in the past years will gradually withdraw from the US market, in terms of the security of the capital market.

Australia and Southeast Asia are still the most suitable regions, northern West Asia is also more suitable, Afghanistan and Iran have greater risks, and local pressure is also greater. Considering the possibility of the United States passing the "US Enterprise Protection Act", we are now

Accelerate adjustments and increase withdrawal of scientific research investment from China and France. In the future, we will consider establishing a China General Science and Technology Research Institute in Shanghai to continue to strengthen domestic scientific research investment. In terms of assets in the United States, we are reducing the number of equity transactions with other consortiums.

Holding shares in various companies will avoid causing excessive damage. Combined with the pros and cons, the country is still the safest area for Far East consortium investment, and overseas investment can only be mainly based on capital output.”

Song Biao said: "Last year, he met with President Roosevelt, and he promised not to pass the Enterprise Protection Act. Now it seems that the situation is still very dangerous. The voices of the people in the United States are rising one after another, even though the Queen and I visited the United States last year.

After a few months, the effect was actually not very big. With the further development of China's economy, there are more and more economic and trade disputes between China and the United States. The domestic market is safer than the US market, which is undoubtedly safe, but I

I think Sweden, Spain, Brazil, Australia, and Canada are relatively safe. As the main direction of capital export, Asian countries are still the most important. To put it bluntly, the United States can formulate enterprise protection laws to exclude us.

We have no choice but if it is Southeast Asia and West Asia, we can still directly intervene economically and politically to ensure that their legislation is beneficial to us.”

Chen Guangfu said: "Investing in Asia also lacks efficiency, especially in West Asian countries, the possibility of investing in industries is very low. At present, it is mainly investment in resource industries. In terms of comprehensive investment returns, the domestic market is still the best.

, But in the long run, investment in Asian countries is indeed profitable. Relatively speaking, the domestic market is also relatively crowded, so it is meaningful to choose the Asian market for long-term investment."

Song Biao does not like to interfere too much in the business rights of these industrialists. Although he thinks that investing abroad is conducive to the development of the entire empire, real operators focus on profits and security. If the investment in foreign countries has great risks, returns.

It is normal for them to be unwilling to invest abroad with a low rate.

Song Biao can only give a suggestion on these things, and discuss them on a major basis, and in this discussion, he also explores some of the current problems in the imperial economy from another aspect.

At present, the most important issue for the Far East consortium is the tendency of conservatism in American society. With the development of China's economy and industrial technology, especially after the total scale of China's economy exceeds that of the United States, the overall response of American society is very fierce.

of.

The United States has maintained its world leading position in economic scale for half a century. Being surpassed is not a terrifying thing. The key is that the entire world must face the transcendence of the Anglo-Saxon race by the Asian Mongol race.

If it is Germany or the UK's economy exceeds that of the United States, this is actually not a problem that will shock the United States and European society in particular.

The reflections on this are very one-sided. One of their main judgments is that most of the American high-tech enterprises are under the control of Chinese capital, causing the continuous flow of technology from the United States and Europe to flow into China, causing Europe and the United States to lose their correctness.

Hua's technological leadership.

This kind of reflection has some truth, but the subsequent fascist ideas of fearing China and people began to spread throughout the European and American world. It was under this background that Song Biao's global visit was also to curb.

This spread of fascist thought.

Compared with the Jews, the Chinese must be much luckier. First of all, the Chinese Empire has a vast territory and the vast majority of Chinese live in the local area. There is no need to worry about the foreign tribes' anti-Chinese and massacres. Secondly, the imperial affairs and economic strength.

Strong and influence in the international world have also forced European and American countries to overreact.

The United States is rushing to introduce the "US Enterprise Protection Act" recently, which will force all enterprises with more than one-third of the shares that are subject to foreign-funded enterprises will be included in foreign-funded enterprises, and will need to pay more corporate income tax, and cannot participate in the US government and military.

tender project.

Before this, the United States had passed the "Interim Financial Restriction Act", using tough financial control measures to restrict foreign capital in the United States, so that it could not freely withdraw from the US market and avoid further decline in US gold reserves.

Neither can withdraw nor hold more corporate shares, which forces foreign capital in the United States to purchase a large number of US Treasury bonds, which is conducive to the implementation of the Roosevelt New Deal.

Now the European and American worlds have another more concern about China, that is, the issue of the China-round exchange rate. Since 1930, China has replaced the United States as the world's largest industrial and agricultural exporter and trade surplus.

In terms of labor costs, China's per capita labor cost is only 1/3 of that of the United States. With China's agricultural productivity significantly improved and its industrial production and technical level rapidly increased, by 1933, China and the United States had industrial products in 1933.

There is no obvious difference in the level and accuracy. Both parties are basically at the same level, but in terms of cost, Chinese products are much cheaper than those made in the United States. Taking conventional horizontal milling machines as an example, horizontal milling machines made in China are generally necessary.

30 cheaper than the United States. In labor-intensive industries such as steel and textiles, the price of manufacturing in China is 1/2 cheaper than that in the United States.

During the Great Depression, the problem was not very obvious because all countries adopted strict tariff protectionist policies, but as China and Britain re-signed reciprocal trade treaties, China's export growth significantly accelerated.

Due to the low labor costs, low agricultural taxes, rapid promotion of agricultural mechanization, and significant improvement in water conservancy irrigation conditions, China has also clearly gained an advantage in agricultural product exports.

In 1933, the world's food prices were still relatively low. Even so, the world's food prices were still higher than domestic food prices, making grain exports profitable.

A common judgment of European and American countries at this stage is that the China-round exchange rate is low, and it should have a higher gold content. Moreover, the Chinese government also holds the world's largest gold reserves, but this is a very complicated issue. First of all, it is impossible for Britain and the United States to do so.

By forcing China to increase the China-round exchange rate, they can only lower their exchange rate. However, these two currencies are foreign trade currency in the international market. Once the exchange rate is significantly reduced, it will further trigger a new round of international financial crisis.

The current international community is in a situation where China, Britain and the United States are in confrontation and fighting each other. The contradiction between China and the United States has faded compared to the past, and the contradiction between China and the United States has deteriorated sharply. The contradiction between the United States and the United States is still one of the most important contradictions in the world.

In this situation, Britain and the United States cannot join forces to force China, and any unilateral country lacks absolute advantages over China.

The three countries are spending so much at this stage, because it is difficult to suppress China diplomatically. The United States can only adopt a conservative policy and pass a new bill to exclude Chinese products and Chinese capital from intervening in the United States. The United States cannot directly target China.

Including Japan, which has the same low prices for industrial products, it is also the scope of its prevention, so all foreign-invested enterprises will be affected, but the Far East consortium with a high investment ratio in the United States will suffer the greatest damage.

During Song Biao's visit to the United States last year, President Franklin Roosevelt promised not to approve the bill, but judging from the current situation, the situation is still very bad. The investment of British and European capital in the United States is not small, so

This bill is also critical, but just as Britain and the United States cannot force China, China and Britain cannot force the United States.

Judging from the current international environment, especially the economic international environment, it is still very chaotic. Now I want to judge what will happen during World War II, which countries will form alliances, etc.... It is basically unlikely, because the various countries have

The conflicts between them are actually very intense.

For example, China and France are true long-term allies, and the relationship as military alliances is very strong, but economically, the conflict between the two sides has also begun to become more intense as the economic complementarity between China and France weakens.

The biggest problem with China's economy now is the comprehensive development under the spirit of domestic products, so that conflicts with France are increasingly expanding in areas such as fine imitation. In contrast, China-Soviet economic and trade relations are extremely complementary and bilateral trade volume is increasing.

It is always said that economy determines politics, and politics determines war. This sometimes does not work very effectively. (To be continued. If you like this work, you are welcome to Piaotian. Literature registered members recommend this work. Your support is my greatest
Chapter completed!