Fengxian Jiangshan
Chapter 752 Inflation promotes development
The importance of currency needless to say, and since the Soviets created the five-year plan, it has become a magic weapon for most backward countries to carry out industrialization.
These two policies are all related to the lifeline of China, and all the officials present sat upright and worked up a hundred times their energy, wanting to know what Zhang Tinglan's plan was.
Due to the importance of the matter, even Li Yuanhong, who had been regarded as a memorial tablet, also came to the scene. In addition, Liang Qichao also attended the meeting on behalf of the Congress, which was convenient for future communication.Although Zhang Tinglan holds great power, he still has to abide by some rules and not be reckless.
Regarding the issue of currency value reform, the first person to speak is the Prime Minister Tang Shaoyi, which is also his duty.Tang Shaoyi said very seriously: "Since the Republic of China, the Central Bank of Communications, the Industrial and Commercial Bank of China, and the Bank of China have successively issued bank notes, and all localities have also issued their own currencies, and foreign banks have also issued currencies, plus silver taels, silver dollars, and copper coins. The whole China's currency market is very chaotic, and business transactions are extremely inconvenient. Everywhere, complicated currency exchange is required, which greatly affects economic exchanges. Therefore, the government must take back the power to issue currency and establish a sole central bank. Undertake the function of issuing currency.”
Hearing Tang Shaoyi's words, all of these people felt awe-inspiring. This was not a small gesture. It was always easy to release power but difficult to take it back. No one was willing to give up the meat in their hearts.
Finance Minister Wang Daxie who attended the meeting couldn't help but said: "Prime Minister, the currency does need to be reformed, but there are too many differences in different regions, and the demand and circulation of currency are also different. If they are all unified together, it may cause inconvenience. It is better to reserve it for each bank as appropriate. A little issuance power. They have also issued currency for many years and have rich experience.”
After Wang Daxie finished his long-winded speech, Tang Shaoyi said with a smile: "Minister Wang's consideration is very reasonable. It is true that the situation in different places is different. How much money should be put in needs to be considered. The central bank will be a government agency in the future and will open branches in various provinces. Specialize in the management of currency business, in short, it will definitely ensure the stability of money supply.”
Wang Daxie heard it.Immediately choked, he made a lot of nonsense, the core was to keep the bank's issuance power, but Tang Shaoyi actually followed his words and wanted to strengthen the central bank.It's really a bit of a polar opposite.
However, since Wang Kemin and others were liquidated, a large number of Zhang Tinglan's cronies have been placed in the finance and banking sector.Wang Daxie is an old man.There is no ability to turn things around, so there is nothing to argue about.
Tang Shaoyi continued: "After unifying the power of the bank, we plan to issue two sets of currencies, one is the Chinese gold dollar, and the other is the Chinese silver dollar. China is a country with a traditional silver standard, but currently in the international arena. All major countries are on the gold standard. In order to facilitate communication with the world, a single silver standard is no longer acceptable, and a gold standard must be introduced.”
Speaking of which.Li Yuanhong, who had been resting with his eyes closed, suddenly said: "Shaochuan, I'm afraid there is not much gold produced in the country. Is it possible to adopt the gold standard?"
Tang Shaoyi smiled and said: "President, that's the old calendar. Now China's gold production is quite good, especially since a large amount of gold can be imported from the outer Northeast every year. I guess the gold reserve is enough. It needs more Many thanks to the Vice President, if not for the bloody battle of the soldiers, I am afraid that the current situation would not be there."
Tang Shaoyi did not say how much gold was there, but everyone could tell from the slightly raised corners of Zhang Tinglan's mouth that the number was not too small.
In fact, counting the Tsar's gold, Fengjun has accumulated more than 200 tons of gold over the years, which is almost the same as the reserves of later generations of China.To be able to achieve this, in addition to the fat of the Tsar's gold, the contribution of the outer Northeast is particularly huge, with an annual output of more than [-] tons, which greatly enriches China's wealth.
Of course, the Outer Northeast has not been directly merged into China, and is still an independent country in name, but some daily necessities needed by the Outer Northeast are all supplied by China.Moreover, due to the war, the huge land does not have enough population, so China has immigrated more than 100 million, and the number of Chinese has surpassed that of Russians.
The fertile land around 64 Tun in Jiangdong has once again become a paradise cultivated by the Chinese. It can be said that the so-called Far Eastern Empire is just a piece of skin, and as long as the time is right, China can swallow it in one gulp.
Listening to Tang Shaoyi's introduction, Wang Yongjiang suddenly interrupted: "Prime Minister Tang, it is feasible to issue gold and silver dollars, but these two sets of currencies must be separated. Only silver dollars are allowed to circulate in the country. Only gold dollars can be used in international trade. At the same time, private institutions are prohibited from hoarding gold."
Wang Yongjiang is Zhang Tinglan's most trusted person, and he has managed Fengtian Bank for many years. He is a recognized financial expert. When he speaks, everyone naturally listens.
"At present, our country is facing fiscal and trade deficits, and there is a large amount of capital outflow every year. The two are contradictory and conflicting. If you want to solve it, you must make drastic reforms, increase revenue and reduce expenditure, increase exports to the outside world, and balance trade. Such as the Central Plains Land reform is an important measure to increase tax sources. But at present, except for some raw materials and agricultural products, our country’s commodities are not competitive in the international arena. However, a large amount of imports are needed, and gold reserves are used to balance trade. Once gold is circulated in the market, It will give speculators a chance to start.”
Wang Yongjiang is worthy of being an expert in financial management. He pointed out the problem in a flash. At present, China is still in a relatively weak position in international trade. Once there is a change in gold and it is reflected in the domestic market, it will make gold expensive and silver cheap At this time, it is easy for foreign forces to take the opportunity to speculate in gold.
However, Wang Yongjiang's proposition is to separate the domestic and international markets. Gold does not enter the flow of people's daily life. It can only be used in international settlements and when people go abroad. This greatly reduces the risk. .
Tang Shaoyi also nodded frequently when she heard it. This move just made a big patch for this financial reform, and Wang Yongjiang is indeed extraordinary.
After some discussions, the reform of the currency system was finally finalized. China abolished the silver dollar and replaced it with the silver dollar, implemented a gold and silver dual-track standard system, and issued a unified Chinese dollar throughout the country.
It can be said that this decision completely ended the financial chaos since the Republic of China, greatly reduced the cost of commercial exchanges, and also maintained the overall stability of the currency due to the regulation of a powerful central bank.Moreover, when the currency is unified, the hearts of the people will be unified, the connection between various places will be closer, and the power and authority of the central government will be greatly increased.
After discussing this item, it took half a day, and everyone temporarily adjourned for dinner.According to the past practice, these officials and lords all have special chefs, and the various dishes are quite rich and exquisite. Although they are not as good as the royal banquets in the palace, they are still delicious.
But this time it was completely different. In the unified canteen, there were several dishes, and a stack of trays beside them, and bowls and chopsticks beside the trays.
"Zhuoyan, what kind of tricks are you doing? How do you want us to eat, can't we do it in a big basin?" Li Yuanhong asked with a smile.
"President, Chinese people eat and drink, especially for officials. Eating and drinking are common entertainments, but a table of dishes can not eat much in the end, and everything else is wasted. According to my idea, in the future, governments at all levels , in the canteen, the army takes as much as they can eat, and no waste is allowed. Don’t look at how much is left in a meal, but there are hundreds of thousands of public officials, 360 five days a year, and it’s a sum of money Not a small amount."
While speaking, Zhang Tinglan took the lead in demonstrating. He picked up a tray, put a few small bowls, put rice in one bowl, filled a few dishes from the big bowl, and finally took a bowl of soup.
When other people saw it, some people's faces were not very good. This vice president has too many tricks and can calculate everything. I am afraid that it will be difficult for him to lead a life in the future.
However, Li Yuanhong had a silly smile on his face: "Zhuoyan is a good idea. I think they can eat as much as they can eat at the gatherings of foreigners. This is economical and hygienic. I think it should be promoted throughout the country."
Tang Shaoyi put some dishes aside, and then said with a smile: "Not only do you need to promote, but I think there is also a standard for dining, with reference to the local price level, a combination of meat and vegetables, as long as you are full and nutritious. Don't underestimate Look at these things, our meal can save at least dozens of oceans, if the whole country is counted, at least several million, tens of millions, enough to build two or three steel factories!"
These few people said so, and others didn't dare to say more, but the Chinese people have one advantage, that is, they change quickly.In the face of such a powerful person like Zhang Tinglan, you'd better listen honestly and don't try to find anything awkward about what he promotes.
Moreover, these practices are also beneficial, at least in front of the people, it can appear more close to the people, and it will save those newspapers from always finding themselves awkward.
After preparing meals one after another, they all sat on one side, Zhang Tinglan and Wang Yongjiang sat opposite each other.
"Mr. Min Yuan, I just got a report from Chu Mingyuan, saying that although the land reform went smoothly, the landlords' investment in business and industry is not considered active. Most of them chose to invest in government enterprises, and very few chose to start businesses. There are also a bunch of People simply cling to their deposits."
Wang Yongjiang also nodded: "This is predictable. These people are relatively conservative, and it is really difficult for them to invest."
"Whether they are difficult or not, we need investment and a large number of entrepreneurs. If they are all so conservative, we will never do anything! If this makes me anxious, I will send the army to point the gun at On the forehead, life or death, let them choose for themselves!"
Wang Yongjiang laughed out loud when he heard this: "In my humble words, doing business requires talent, and you can't force it, but I have a soft way to stab people. Let's issue more currency and keep it at 5.00% to [-]% every year." Inflation is higher than bank interest, so if they don’t invest, their assets will shrink, forcing these people to take out their money.” (To be continued..)
These two policies are all related to the lifeline of China, and all the officials present sat upright and worked up a hundred times their energy, wanting to know what Zhang Tinglan's plan was.
Due to the importance of the matter, even Li Yuanhong, who had been regarded as a memorial tablet, also came to the scene. In addition, Liang Qichao also attended the meeting on behalf of the Congress, which was convenient for future communication.Although Zhang Tinglan holds great power, he still has to abide by some rules and not be reckless.
Regarding the issue of currency value reform, the first person to speak is the Prime Minister Tang Shaoyi, which is also his duty.Tang Shaoyi said very seriously: "Since the Republic of China, the Central Bank of Communications, the Industrial and Commercial Bank of China, and the Bank of China have successively issued bank notes, and all localities have also issued their own currencies, and foreign banks have also issued currencies, plus silver taels, silver dollars, and copper coins. The whole China's currency market is very chaotic, and business transactions are extremely inconvenient. Everywhere, complicated currency exchange is required, which greatly affects economic exchanges. Therefore, the government must take back the power to issue currency and establish a sole central bank. Undertake the function of issuing currency.”
Hearing Tang Shaoyi's words, all of these people felt awe-inspiring. This was not a small gesture. It was always easy to release power but difficult to take it back. No one was willing to give up the meat in their hearts.
Finance Minister Wang Daxie who attended the meeting couldn't help but said: "Prime Minister, the currency does need to be reformed, but there are too many differences in different regions, and the demand and circulation of currency are also different. If they are all unified together, it may cause inconvenience. It is better to reserve it for each bank as appropriate. A little issuance power. They have also issued currency for many years and have rich experience.”
After Wang Daxie finished his long-winded speech, Tang Shaoyi said with a smile: "Minister Wang's consideration is very reasonable. It is true that the situation in different places is different. How much money should be put in needs to be considered. The central bank will be a government agency in the future and will open branches in various provinces. Specialize in the management of currency business, in short, it will definitely ensure the stability of money supply.”
Wang Daxie heard it.Immediately choked, he made a lot of nonsense, the core was to keep the bank's issuance power, but Tang Shaoyi actually followed his words and wanted to strengthen the central bank.It's really a bit of a polar opposite.
However, since Wang Kemin and others were liquidated, a large number of Zhang Tinglan's cronies have been placed in the finance and banking sector.Wang Daxie is an old man.There is no ability to turn things around, so there is nothing to argue about.
Tang Shaoyi continued: "After unifying the power of the bank, we plan to issue two sets of currencies, one is the Chinese gold dollar, and the other is the Chinese silver dollar. China is a country with a traditional silver standard, but currently in the international arena. All major countries are on the gold standard. In order to facilitate communication with the world, a single silver standard is no longer acceptable, and a gold standard must be introduced.”
Speaking of which.Li Yuanhong, who had been resting with his eyes closed, suddenly said: "Shaochuan, I'm afraid there is not much gold produced in the country. Is it possible to adopt the gold standard?"
Tang Shaoyi smiled and said: "President, that's the old calendar. Now China's gold production is quite good, especially since a large amount of gold can be imported from the outer Northeast every year. I guess the gold reserve is enough. It needs more Many thanks to the Vice President, if not for the bloody battle of the soldiers, I am afraid that the current situation would not be there."
Tang Shaoyi did not say how much gold was there, but everyone could tell from the slightly raised corners of Zhang Tinglan's mouth that the number was not too small.
In fact, counting the Tsar's gold, Fengjun has accumulated more than 200 tons of gold over the years, which is almost the same as the reserves of later generations of China.To be able to achieve this, in addition to the fat of the Tsar's gold, the contribution of the outer Northeast is particularly huge, with an annual output of more than [-] tons, which greatly enriches China's wealth.
Of course, the Outer Northeast has not been directly merged into China, and is still an independent country in name, but some daily necessities needed by the Outer Northeast are all supplied by China.Moreover, due to the war, the huge land does not have enough population, so China has immigrated more than 100 million, and the number of Chinese has surpassed that of Russians.
The fertile land around 64 Tun in Jiangdong has once again become a paradise cultivated by the Chinese. It can be said that the so-called Far Eastern Empire is just a piece of skin, and as long as the time is right, China can swallow it in one gulp.
Listening to Tang Shaoyi's introduction, Wang Yongjiang suddenly interrupted: "Prime Minister Tang, it is feasible to issue gold and silver dollars, but these two sets of currencies must be separated. Only silver dollars are allowed to circulate in the country. Only gold dollars can be used in international trade. At the same time, private institutions are prohibited from hoarding gold."
Wang Yongjiang is Zhang Tinglan's most trusted person, and he has managed Fengtian Bank for many years. He is a recognized financial expert. When he speaks, everyone naturally listens.
"At present, our country is facing fiscal and trade deficits, and there is a large amount of capital outflow every year. The two are contradictory and conflicting. If you want to solve it, you must make drastic reforms, increase revenue and reduce expenditure, increase exports to the outside world, and balance trade. Such as the Central Plains Land reform is an important measure to increase tax sources. But at present, except for some raw materials and agricultural products, our country’s commodities are not competitive in the international arena. However, a large amount of imports are needed, and gold reserves are used to balance trade. Once gold is circulated in the market, It will give speculators a chance to start.”
Wang Yongjiang is worthy of being an expert in financial management. He pointed out the problem in a flash. At present, China is still in a relatively weak position in international trade. Once there is a change in gold and it is reflected in the domestic market, it will make gold expensive and silver cheap At this time, it is easy for foreign forces to take the opportunity to speculate in gold.
However, Wang Yongjiang's proposition is to separate the domestic and international markets. Gold does not enter the flow of people's daily life. It can only be used in international settlements and when people go abroad. This greatly reduces the risk. .
Tang Shaoyi also nodded frequently when she heard it. This move just made a big patch for this financial reform, and Wang Yongjiang is indeed extraordinary.
After some discussions, the reform of the currency system was finally finalized. China abolished the silver dollar and replaced it with the silver dollar, implemented a gold and silver dual-track standard system, and issued a unified Chinese dollar throughout the country.
It can be said that this decision completely ended the financial chaos since the Republic of China, greatly reduced the cost of commercial exchanges, and also maintained the overall stability of the currency due to the regulation of a powerful central bank.Moreover, when the currency is unified, the hearts of the people will be unified, the connection between various places will be closer, and the power and authority of the central government will be greatly increased.
After discussing this item, it took half a day, and everyone temporarily adjourned for dinner.According to the past practice, these officials and lords all have special chefs, and the various dishes are quite rich and exquisite. Although they are not as good as the royal banquets in the palace, they are still delicious.
But this time it was completely different. In the unified canteen, there were several dishes, and a stack of trays beside them, and bowls and chopsticks beside the trays.
"Zhuoyan, what kind of tricks are you doing? How do you want us to eat, can't we do it in a big basin?" Li Yuanhong asked with a smile.
"President, Chinese people eat and drink, especially for officials. Eating and drinking are common entertainments, but a table of dishes can not eat much in the end, and everything else is wasted. According to my idea, in the future, governments at all levels , in the canteen, the army takes as much as they can eat, and no waste is allowed. Don’t look at how much is left in a meal, but there are hundreds of thousands of public officials, 360 five days a year, and it’s a sum of money Not a small amount."
While speaking, Zhang Tinglan took the lead in demonstrating. He picked up a tray, put a few small bowls, put rice in one bowl, filled a few dishes from the big bowl, and finally took a bowl of soup.
When other people saw it, some people's faces were not very good. This vice president has too many tricks and can calculate everything. I am afraid that it will be difficult for him to lead a life in the future.
However, Li Yuanhong had a silly smile on his face: "Zhuoyan is a good idea. I think they can eat as much as they can eat at the gatherings of foreigners. This is economical and hygienic. I think it should be promoted throughout the country."
Tang Shaoyi put some dishes aside, and then said with a smile: "Not only do you need to promote, but I think there is also a standard for dining, with reference to the local price level, a combination of meat and vegetables, as long as you are full and nutritious. Don't underestimate Look at these things, our meal can save at least dozens of oceans, if the whole country is counted, at least several million, tens of millions, enough to build two or three steel factories!"
These few people said so, and others didn't dare to say more, but the Chinese people have one advantage, that is, they change quickly.In the face of such a powerful person like Zhang Tinglan, you'd better listen honestly and don't try to find anything awkward about what he promotes.
Moreover, these practices are also beneficial, at least in front of the people, it can appear more close to the people, and it will save those newspapers from always finding themselves awkward.
After preparing meals one after another, they all sat on one side, Zhang Tinglan and Wang Yongjiang sat opposite each other.
"Mr. Min Yuan, I just got a report from Chu Mingyuan, saying that although the land reform went smoothly, the landlords' investment in business and industry is not considered active. Most of them chose to invest in government enterprises, and very few chose to start businesses. There are also a bunch of People simply cling to their deposits."
Wang Yongjiang also nodded: "This is predictable. These people are relatively conservative, and it is really difficult for them to invest."
"Whether they are difficult or not, we need investment and a large number of entrepreneurs. If they are all so conservative, we will never do anything! If this makes me anxious, I will send the army to point the gun at On the forehead, life or death, let them choose for themselves!"
Wang Yongjiang laughed out loud when he heard this: "In my humble words, doing business requires talent, and you can't force it, but I have a soft way to stab people. Let's issue more currency and keep it at 5.00% to [-]% every year." Inflation is higher than bank interest, so if they don’t invest, their assets will shrink, forcing these people to take out their money.” (To be continued..)
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