The Mingyue of the Song Dynasty http://www./0_1/                                                                                                                       �

Previously, Guan Xuqing was worried that these first-time national enterprises could not withstand competition for foreign goods. After all, the Qing Dynasty implemented zero tariffs. Even the Taxation Department was controlled by the British because of the failure of the Opium War.

Therefore, he asked the governors of various provinces to implement tax exemption and land collection at a cheap price. It has to be said that the Chinese nation is the smartest nation in the world, and it is even more unfavorable to use it in business. When most people in society still reject foreign goods, they put the produced foreign cloth and foreign noodles in those old-fashioned silk shops and grocery stores to sell them unexpectedly! Often, they are sold out as soon as they are produced. Those better foreign goods than them cannot be sold!

Due to the vigorous development of national industry, the fiscal revenue in the nine years of Guangxu reached a terrifying 500 million taels of silver. At that time, the GDP (which is what people call GDP now) was only behind Britain and became the second in the world.

Under the premise of continuous development of education, arms and industry, the treasury actually had a surplus. Guan Xuqing was in a good mood and specially approved Li Zhen’s request to allow the transaction of the Qing bank’s treasury bonds. However, not many banks across the country sold treasury bonds. But there were still many people buying treasury bonds!

It seemed that everything went smoothly, but the court was still shrouded in smoke and clouds, because the French finally moved in Annan, and the French expeditionary forces unstoppable occupied Hanoi, Nanding and other places.

The imperial court's nerves suddenly became tense. Are they going to go to war with foreigners again? Many officials in the imperial court experienced the Second Opium War. Now the French who entered the capital and dared to run away from Emperor Xianfeng.

It's another snowy New Year's Day, which makes this ancient capital look a little vicissitudes and a little scary.

At the British Embassy in Minxiang, Xijiao, British Ambassador to China Smith is slowly tasting a glass of pure Scotch whiskey. The best Scotch whiskey has a smoky, fruity and dried fruit flavor. Among them is this best black brand whiskey.

Sitting opposite Smith is Lieutenant General Philips, the commander of the British Far East Pacific Fleet. He and the ambassador have been old friends for many years and studied at the same school when they were in the UK. This natural water is willing to go ashore to taste authentic whiskey.

"Old guy, I heard that you just came back from Malacca and had some communication with General Toure, the commander of the French Far East Army. What do you think of the French war in Vietnam? If the Qing Dynasty joined the war, do you think the French could win? I am very interested in this."

Philips greedily drank the whiskey in his arms and couldn't help but exclaim: "Smith, only you can find such authentic Scotch whiskey here. This time, you have to let me bring a few more bottles."

Smith nodded helplessly...

Philips said slowly: "Turey is my old friend. We have been on a boat before. France's naval power in the Far East is very strong. They have the Elegant, and Carrey, Nancy. Maybe the Qing Dynasty got two gunboats from us.

Chaos Rebirth King of the Other World http://www.77nt/23488/ to deal with Carrey and Nancy, but it is definitely not an elegant right, unless the several gunboats ordered by China in Germany can return home early, but I don’t think the French will let them pass through the Mediterranean. As for other wooden ships in the Qing Dynasty, I don’t think it is necessary to say it.”

"Even if France has gained the control of the sea, the land in Vietnam must be occupied by the army. What do you think the Chinese army is comparable to France? You know, China has just sent troops to North Korea and took the Japanese away from North Korea in two or three efforts."

"My old friend, although the French army is not strong, and there are most of the Vietnamese and Algerians. But what about the Qing army? Can those guys smoking opium fight? I admit that the Qing army's army has indeed equipped our advanced weapons in recent years, but their country is too big. In order to save money, their little emperor, in order to save money, has sacked half of the army, they have to guard against Russia in the north, Japan in the east, and even Xinjiang and Tibet in their own territory. The southeast coast has to guard against the landing of French fleets that have obtained sea control. Do you think they can defend it? Besides, do they have the courage to declare war with the French? Not long ago, the French had just entered their capital with us."

Smith smiled, and Philips's view was basically consistent with him. Although France did not invest much in the army, a powerful navy could guarantee the victory of the war. Isn't the Opium War the best proof!

In the Forbidden City, snowflakes still floated down from the sky without restraint. It was another winter, and the news from various departments filled several cases of the Yangxin Hall.

Li Zhen was standing in front of Guan Xuqing at this time, and this upright honest official controlled the Ministry of Revenue. Although it could be guaranteed that he would not embezzle and misappropriate, his rigid and unflexible behavior made Guan Xuqing unbearable.

"Emperor, now my Qing Dynasty treasury is full. But the people are still constantly buying my Qing Dynasty treasury bonds. If this continues, I will give them interest on the tax silver for the Qing Dynasty. Please stop the issuance of national bonds." Li Zhen said.

Guan Xuqing looked at Li Zhen, the minister Gu Hong, who was in charge of the Qing Dynasty's money and grain, had a little disappointment in his eyes. Guan Xuqing studied finance in his previous life. He was quite familiar with the operation of banks. Faced with this completely amateur bank president, he couldn't help but curse.

"Li Zhen, I promoted you in an extraordinary way. Is this how you serve me and the country?"

Li Zhen immediately knelt on the ground, not daring to let out his anger. He hurriedly said, "I know the guilt, and I know the guilt."

Guan Xuqing looked at Li Zhen, who was trembling all over, and his heart softened and stopped scolding. Dan helped Li Zhen up and said, "The French have started to make trouble in the south. Now the court is not united. Some say fights, and some say don't fight. If fights, my Qing Dynasty will have a large amount of military expenditure. If fights, just guarding against the French, you will still need a large sum of money. The southeast economy has just started, and Western education has just started. Where does it not need money?"

"It's all slaves who are incompetent and cannot share their worries for the emperor." Li Zhen said with a sad face.

Guan Xuqing said to Li Zhen: "Well, what you said makes sense. Let's do this. The government bonds will be sold in a quantity. If no one sells them, they can't buy them again. Just so much, it's gone. The court will not deceive the people. It cannot be said that there will be no more today and tomorrow. The government must be retained, but it cannot be issued endlessly. Second, the Qing Dynasty Bank established four departments: savings, credit, agricultural affairs, and industry and commerce. Savings are responsible for absorbing private funds, and the annual interest is set at 0:50. Ten thousand taels of silver are given a year of 500 taels of interest. The Credit Department is mainly responsible for providing small personal loans. The Agricultural Administration Department provides large loans to develop agriculture, do not let the land be wasted, and use the people's money to reclaim wasteland, and develop agriculture is also beneficial to the people. The Industrial and Commercial Department is responsible for large amounts of industrial and commercial loans and supports some local enterprises in our Qing Dynasty. The reserve ratio of the Qing Dynasty Bank is set at 10%.

Li Zhen was stunned when he heard this, and he didn't understand many things. He asked awkwardly: "Your Majesty, please redeem your slaves, what is the reserve ratio? What is the standard for various loans? If you don't return it, how should I deal with it?"

"If I have deposited 100 million taels in various places this year in the Qing Dynasty, then 10% of the reserve is left, which is 10 million taels. Always prepare the withdrawal of the people. The remaining 90 million taels can be released as loans. All loan reviews need to be rigorous and complete. Large loans such as agriculture, industry and commerce require land and mortgages. If you do not repay them, you will collect land and enterprises. Then auction for silver. Do you understand?" Guan Xuqing explained helplessly.

"The emperor is indeed a god. It is really God bless me. I, Li Zhen, have no virtue and ability? I, Li Zhen, have an important position. It is the emperor who is behind the scenes. Li Zhen feels guilty!" Li Zhen knelt on the ground again, and said with tears in his mouth.

This seems very primitive to Guan Xuqing, but he can only reach this point for the time being. Although in order to win the battle between China and France, everything else is stable, in Guan Xuqing's heart, the financial reform of the Qing Dynasty must be carried out. Providing low-interest agriculture and industry and commerce also has loans to benefit the people. After all, such a large country has so much wasteland. It is a pity to waste. The Chinese have always had the habit of saving money. They reclaimed the wasteland, collected half of the money and handed over to the country, and sold half of it to repay the loan. But these things have to be done, and now they realize the importance of talents. Looking at Li Zhen kneeling in front of them, it is really...
Chapter completed!