Many times, qualifications and reputation are still very important things, and it determines whether a general speaks well.

After handling some work in the military headquarters in the afternoon, at around 4 pm, Emperor Song temporarily stopped working and went to Cizhengyuan for afternoon tea, usually a dish of peanuts, almonds, nuts and several slices of biscuits, or a bowl of them

Almond black sesame paste with a cup of Keemen black tea.

This period of time is generally allocated to the central cabinet, but it is usually impossible to discuss matters that are too important. Organization leaders such as the Central Economic Commission and the Education Commission will be arranged to come over, or the Congress will send someone to report on some work.

On the Economic Commission, Chen Qimei retired last year due to physical discomfort. The temporary replacement of deputy minister was Liao Zhongkai. Liao Zhongkai is also a good candidate. He has been serving as the governor of Jiangsu and Zhejiang, and has been the deputy minister of finance for two years in the Ministry of Finance.

He has been serving as vice chairman of the Central National Economic Commission for several years.

According to Gu Weijun's idea, he wanted to elect the Minister of Finance Liu Dajun as the deputy prime minister, but Liu Dajun's political qualifications were insufficient and the party was not very supportive. Liao Zhongkai's situation was relatively complicated. He was a Democratic Party in the early days and was a Democratic Party.

He was elected as the governor of Zhejiang. After Sun Yixian's death, he transferred to the Restoration Party because he was incompatible with Song Jiaoren. This person has a good reputation and good abilities.

Gu Weijun elected Liu Dajun but failed, so he had to recommend Yang Zhaolin again. Yang Zhaolin refused this appointment. There was no way, Gu Weijun chose Liao Zhongkai, and hoped that Liao Zhongkai would have better communication with the Democratic Party in the next cabinet government, which would be conducive to rule.

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Song Biao does not interfere in this matter. Personally, it is not a bad thing for Liao Zhongkai to be the deputy prime minister. He is actually more optimistic about Chen Jin. Chen Jin is now the first deputy minister of finance and serves as the deputy minister.

Director of the General Office of the Central Economic Commission.

After arriving at Cizheng Garden, Song Biao rested for a while and waited for about twenty minutes. Under Jiang Shoulin's arrangement, Liao Zhongkai and Chen Jin entered Cizheng Garden to pay homage to the emperor.

The weather was a bit hot at this time. Song Biao was drinking afternoon tea in the water pavilion corridor to escape the summer heat. Liao Zhongkai and Chen Jin walked along the corridor and went up to meet him. Because Chen Jin, the son-in-law, was present, Song Biao did not follow the situation.

They are given seats in normal circumstances.

This is the first time Liao Zhongkai has paid a visit to the emperor under such circumstances. He is not the emperor's choice. He really doesn't expect to be treated as a gift. He respectfully re-planned the Seventh Five-Year Plan by the Central Economic Commission first.

Submit it.

This one is different from the one submitted by Gu Weijun on behalf of the Central Cabinet. Gu Weijun's one is the general case. This one by the Central Economic Commission is a separate case, specializing in planning work in the economic field. The planning is more

To be more detailed, it also involves more work related to finance and finance.

The issue that Song Biao was more concerned about at this stage was the issue of gold reserves of the Central Reserve Bureau. The empire was different from Britain and France. The empire had huge domestic industrial production capacity and abundant mineral resources, so it rarely needed to purchase from the outside in a state of war.

Even under the premise that the imperial ** industry expanded greatly, the empire also exported military equipment to the Soviet Union and Germany in exchange for the Soviet Union and Germany's gold reserves.

With the expansion of the imperial gold industry, especially in Central Asia, such as Uzbek, the imperial gold production accounted for about 1/3 of the world's annual gold production, while the empire's annual gold reserves increased by 1/2 of the world's gold production.

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The empire is still the world's largest foreign trade surplus. With control and leadership over Asia, the empire's ability to absorb gold reserves is far stronger than that of Britain and the United States.

Song Biao looked through the 75th fiscal and economic plan. The first goal was to ensure that the imperial economy continued to maintain an annual economic growth of more than 5.5% in the 75th Plan. After the end of the 75th Plan, gold reserves should be

It reaches a scale of 7750 tons.

As the empire's economic output surpasses the United States for ten years, the empire has increasingly demanded the establishment of global financial leadership. The empire must have more world-class banking giants to support the development of the empire's financial industry, but to support the

The most important thing about this is to maintain the strong position of China and maintain the strong gold reserves of the empire.

Although the Empire has been taking advantage of the tension in the war situation to continue to sell silver reserves, in the next decade, the Empire will still be the largest silver reserve country in the world.

With the support of the empire, countries with a large proportion of American economies such as Spain, Mexico, and Chile ended the silver standard one after another during the Great Depression, and the world's silver price fell sharply, in 1936. The world's silver price was only 1/42 of gold.

, setting a new record for the world's low silver price. During this period, the Imperial Central Reserve Bureau also took the opportunity to continue to set a new record for the Imperial Silver Reserve.

The empire's silver reserves were always sold at high prices and absorbed at low prices. The most favorable situation for the empire was to stabilize the silver price at 1/30 of gold. If this is the price, the total value of the empire's silver reserves would be basically equivalent to that of the gold reserves.

This is the world. The poorer the government is, the poorer the government is, the richer the government is.

The Empire is definitely the richest central government in the world. The current world situation is very unstable. The Soviet Union and Germany sell gold reserves in exchange for war resources and are unable to talk about government investment at all. The Empire government has strong financial resources and high credit.

Selling bonds at home and abroad to raise military expenses without affecting central fiscal expenditures as much as possible, while taking advantage of the war situation to sell silver reserves absorbed at low prices over the past decade.

The silver exchange price has now risen to a high price of 1/22. At this price, as long as the empire sells 1/4 of the central silver reserves, it is enough to ensure that the empire has sufficient military expenditure to fight the Sino-Japanese War.

Of course, silver reserves are indeed not important now. The key is to look at gold reserves. In such a big era, whether China's financial industry can dominate the entire country depends on China's total gold reserves.

China Yuan is currently the three major international currency worldwide. With the establishment of the Asian League, the development of China's economy, and the high reserve rate of China Yuan, China Yuan has actually surpassed the pound and the US dollar, and is well deserved to be.

The world's largest international currency.

This benefit gives China's banking industry an absolute advantage in international operations.

Far East Bank, Oriental Huili Bank, China Commercial Bank, CITIC International Bank, Jiangnan Bank, Nanyang Bank, Bank of China, China Fortis Bank, China United Bank, China Agricultural Credit Bank, Asia International Bank, Nanyang Commercial Bank, Shanghai Bank

All over the world are giant banks.

In particular, Far East Bank, as the central holding bank of the Far East consortium, has all over the world such as Oriental Huili, China Merchants, Nanyang Bank, Bank of America, National Bank of Mexico, HSBC, BNP Paribas, Spanish International Bank, Swiss Commercial Bank, etc.

Controlling equity of more than forty international or regional banks.

These banks' cooperation with each other actually further pushed China into the position of world financial hegemony.

As the world's currency and its large reserves overseas, China's economy and central debt expansion have also played a huge role in fueling the expansion of China's economy and central debt. The gold reserves of countries such as the Netherlands, Brazil, Mexico and Sweden are seriously insufficient to ensure the country.

When a currency is issued, it can only hold a large amount of Chinese circles as foreign exchange reserves. These Chinese circles, as currencies other than m2, must flow to China to purchase Chinese government bonds, or flow into the Asian Alliance market as national credit investment.

The richer the country, the better it will develop, especially countries like China that control the world's financial hegemony.

The central government can sell large amounts of government bonds for domestic infrastructure construction, investment in education and scientific research, and maintain the stability of the central government's finances. The additional monetary volume also allows Chinese companies to receive more credit support, which is conducive to the expansion and development of enterprises.

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Simply put, China's international status is much stronger than the US dollar during World War II. A very important foundation is the existence of the Asian League. The entire Asian League is the natural foundation of China's Chinese League, and the Asian League controls oil output in the Middle East.

This is also a rigid force that forces world oil trade to settle in China.

Song Biao spent half an hour carefully reading the "Seventh Five-Year Plan for the Central Economic and Finance" submitted by the Central Economic Commission. According to some of his previous proposals to Gu Weijun, this plan has been changed significantly.

To improve the status of electrified railways, more fiscal expenditures will continue to be provided to ensure the development of railway construction and power installed capacity.

Because education expenditure clearly accounts for 1/4 of the central government's finance, this is a fixed proportion and it is absolutely impossible to change. In this way, with the expansion of the planning of new railways and power infrastructure, the total expenditure of the central government's finance will be in the 7th Five-Year Plan period.

We need to continue to increase, and this increase is about 5%-7% higher than originally expected, which means that we will spend about 3.5 billion yuan more per year.

Considering that military expenditure also accounts for 1/4 of the central government's finances, this is equivalent to forcing the central government to continue to maintain a total 7 billion yuan in national debt every year.

Song Biao put the plan aside and put it aside. At this time, Liao Zhongkai and Chen Jin were given a seat and waited for them to sit down. Song Biao asked Chen Jin: "With the central government's financial situation, this treasury quota should be acceptable.

Yes?"

Chen Jin nodded and said, "There is no problem at all, but if the subsequent military expenditures still need to be expanded, the central government will be really tight."

Song Biao whispered and said, "That's what happened in the future, let's talk about it later!"

Chen Jinze said: "Prevention in advance or is a better choice. When gold reserves cannot be moved, we will continue to accelerate the sale of some central trust assets, and retain a reserve fund of about 10 billion yuan of RMB for call at any time. That may be the case.

More stable.”

Song Biao thought about it roughly and ordered Chen Jin: "You can be directly responsible for this matter."

Chen Jin's living environment is quite special and there are many sources of information. In fact, in the cabinet, he is one of the few ministers who know that the empire might go to war with Su De. Liao Zhongkai may not be very clear about this aspect.

Song Biao asked Liao Zhongkai at this time: "What do you think of this 75th Five-Year Plan?"

Liao Zhongkai thought for a moment and replied: "Your Majesty, I think this plan is more relaxed than the previous two times, with less rigid regulations, and the positive intervention of the central government in the imperial economy has also been greatly reduced. The only thing that is retained is infrastructure.

Investment in the railway field remains the same as before.”

Song Biao could hear what Liao Zhongkai meant. The more consistent opinion in China is that the imperial central government should reduce positive intervention in the economy, especially reduce commercial investment in national infrastructure.

According to the original intention of Liao Zhongkai and Gu Weijun, the empire's investment in the railway field should be reduced. Allowing the market to develop freely is equivalent to promoting economic progress through the commercial construction of highways and the development of the automobile industry.

This idea is good, but after Emperor Song made a statement, the two of them hurriedly made a 90-degree turn.

Song Biao has Song Biao’s ideas, and his ideas do make sense.

The empire has too many populations, and if the automobile industry is really allowed to continue to develop, the country will have great pressure.

Song Biao didn't want to explain too much to Liao Zhongkai. At least it is not a good opportunity yet. He just reminded: "You are a bit too corrected. I think what the automobile industry needs is controllative development, not restrictive.

Development must be controllable, and it must not only give the market enough room for development, but also focus on the needs of the international market. Do not allow unlimited expansion in China, but does not mean that foreign markets are not expandable. Exports of the automobile industry should be encouraged.

Policy. For this issue, I suggest that more seminars can be held before the planning is formulated and more opinions can be consulted. Secondly, regarding the railway industry, it is not necessary to come up with a policy of large-scale investment in the country. The central government

Reducing economic stimulus and intervention is the right idea, but in macro-control, through taxation and other support policies, we can still effectively ensure the progress of the railway industry."

Liao Zhongkai dared not argue and could only nod.

Chen Jinze said: "Your Majesty. Regarding the railway industry, I think there are two things that need to be treated with caution. First, if you rely too much on the investment and construction of the market and enterprises, it will be difficult to effectively ensure the low price of railway operations;

2. Railway investment belongs to the type of high investment and long-term returns, and the investment scale is too large. It is difficult for ordinary enterprises to bear it, and in the long run, the long-term returns are not very high. Therefore, if the empire wants to promote the development of the railway industry,

In addition to higher subsidies, the construction costs are high and the lines with relatively low yields should still be directly invested by the government."

Song Biao did not deny the two issues Chen Jin mentioned. He nodded in agreement and said, "What you said makes sense, the railway and automobile issues. You should make more arguments and don't rush to set the 75th plan.

There are still some. Don’t be anxious. The central government would rather delay this matter slowly and be cautious, not rush.”

Liao Zhongkai and Chen Jin both agreed.

Song Biao and Liao Zhongkai were still not very familiar with each other and didn't have much to say, so he asked Liao Zhongkai to go back first. He kept Chen Jin and wanted to hear Chen Jin's opinions on the automobile industry.

After Liao Zhongkai left, Chen Jin continued to stay here to accompany the emperor.

Chen Jin thought carefully for a moment before replying to Song Biao: "I think the matters in the automobile industry should be comprehensively considered. Everything has its pros and cons, and this matter is the most obvious. On the one hand, the automobile industry can drive the national economy.

On the other hand, the development of the government will indeed put great pressure on the government's infrastructure and urban transportation. However, it cannot be seen at this stage, but with the long-term development of the industry, it will definitely be seen in the future.
To be continued...