In the short term, the growth of wages and benefits means the increase in production costs and the reduction of profits.

The outbreak of the financial crisis in Europe, the United States, Germany has broken out of serious economic crises, the impact on the stock market of the Qing Dynasty will not be small, out of the panic of the economic crisis, many people have rationally withdrawn from the stock market, but because of the five-year plan, there are also many people who are full of confidence in the economy of the Qing Dynasty, take the opportunity to enter, the stock market in the sharp decline after the rapid self-adjustment, there is a long period of sideways, a substantial increase in wages and benefits as soon as the measures are announced, the long-term sideways stock index quickly turned down.

The stock index fell again, Huo Qizheng couldn't help but be a little worried, now it is approaching the end of the year, according to the experience of previous years, there will be a wave of decline before the end of the year, many people will choose to sell stocks and hold coins before the New Year, and the two unfavorable factors are likely to fall together.

Huo Qizheng's worries soon became a reality, the stock index after three days of sharp decline, just stabilized, and began to fall sharply, the trading hall was crowded with anxious investors, looking at the falling stock index, everyone was worried.

During the noon break, there were still a large number of shareholders in the trading hall who were chatting; "I heard that the financial crisis in European countries is turning into an economic crisis, and a worldwide economic crisis is on the verge of breaking out, and we are also in the Qing Dynasty this time."

"Is it that evil? There is no economic crisis ...... England. ”

"Britain has not yet had an economic crisis, but a financial crisis has erupted, and the United States and Germany have not always had a financial crisis first, and then an economic crisis?"

"Even if there is a world economic crisis, it may not affect our Qing Dynasty, and several economic crises have broken out in Western countries over the years, when did our Qing Dynasty appear?"

"There was no economic crisis before, that is because the degree of industrialization of our Qing Dynasty is not high, and now the industrialization of our Qing Dynasty is second only to Britain and the United States, on a par with France and Germany, and there are ......, it is said that the five-year plan and the substantial increase in wages and benefits are mainly aimed at coping with the imminent economic crisis."

"Wouldn't it? Will an economic crisis break out in our Qing Dynasty? ”

"This sounds really fresh, why won't an economic crisis break out in our Qing Dynasty? Which industrial power in the world has not had an economic crisis? Why should we make an exception? ”

"That's not necessarily, most of the economic crises are caused by the financial crisis, we have a strange yuan in the Qing Dynasty, can there be a financial crisis? Which time did the stock market fall sharply, wasn't Yuanqi to save the market? ”

"This time and that time. Yuanqi has abundant funds, but the implementation of the First Five-Year Plan cost 400 million, and exchanged 400 million silver dollars with the United States for gold, and now the gold of the United States has not yet arrived, it can be said that Yuanqi is now the most empty time, bail out the market? Tray? Stop dreaming! ”

Listening to these words, everyone couldn't help but look at each other, this analysis is indeed reasonable, the Qing Dynasty can now be said to be among the industrial powers, the outbreak of economic crisis is a normal thing, the first five-year plan is obviously a little hasty, this large salary increase is also a bit abrupt and strange, more importantly, Yuan Qi is indeed the most empty time at this time, it is impossible to save the market!

The panic soon spread, and as soon as the market opened in the afternoon, there was a wave of violent declines in the stock market, Huo Qizheng couldn't sit still anymore, and hurried to Zhennan Wangfu as soon as the market closed.

After recounting the collected rumors in detail, Huo Qizheng said: "Big shopkeeper, if you continue to let this situation go, it will definitely be out of control. ”

Yi Zhishu didn't say anything, lit a cigarette and smoked a few puffs before looking at Zhao Liewen, "What does Huifu think?" ”

"Obviously, this is someone who is deliberately spreading and guiding panic in the stock market." Zhao Liewen pondered and said: "It shouldn't be a brokerage house behind it, if the expectation is good, it should be European capital ready to enter." ”

"They really got the timing right." Yi Zhizu said coldly: "If Yuan Qi dares to save the market, they will inevitably spread rumors that Yuan Qi will issue paper money indiscriminately, which will cause a greater crisis." ”

Listening to the conversation between the two, Huo Qizheng suddenly felt cold behind him, he really didn't expect it to be European capital entering, let alone that it would be one ring after another? If there are really rumors that Yuanqi indiscriminately issues banknotes, it will inevitably lead to a large-scale run, and Yuanqi's current situation can not withstand a large-scale run!

After a slight sigh, Zhao Liewen said: "It is the nature of capital to pursue profits, even if European capital is not suspicious, it will suppress the stock market to the greatest extent, and then enter the market at the lowest price." ”

After being silent for a long time, Yi Zhizhi said in a deep voice: "Now that Europe and the Americas are either financial crises or economic crises, European capital is looking for a way out, our Daqing is undoubtedly the best choice, suppressing the stock market is certain, but it is not enough for us to collapse." ”

"In the first battle of South Africa, the Qing Dynasty was sharp, and if there was an opportunity, England would not let it go easily." Zhao Liewen said slowly: "The big shopkeeper must not be taken lightly. ”

"Don't worry." Yi Zhizhi said: "I will never hand over my safety to others, let alone an opponent." ”

After hesitating, Zhao Liewen couldn't help but ask: "At present, everyone in the government and the opposition knows that Yuanqi's funds have been withdrawn, and even the deposit has been shipped to the United States to exchange for gold. ”

"Start by limiting the inflow of money." Yi Zhi said confidently: "On the grounds that my country is about to implement the gold standard, we will restrict the inflow of silver and restrict the exchange of silver for Chinese dollars. On the grounds of the English financial crisis, the inflow and exchange of pounds are controlled within a certain amount, but the inflow and exchange of gold are not restricted. ”

"It's really hard to do anything, and this method is also high-sounding." Zhao Liewen said with a smile: "With such a restriction, the funds that can flow in must be extremely limited, but in this way, a large amount of European capital will inevitably be blocked." ”

"In addition, when our funds are withdrawn, this restriction can also be appropriately relaxed, and the initiative is completely in our hands." Yi Zhishu said slowly: "Again, capital has always been a double-edged sword. We need to attract a lot of foreign capital, but we must also control the scale of foreign capital inflows, and the United States has absorbed so much foreign capital that the host and guest have been replaced, and we must learn from this. ”

Huo Qizheng couldn't help but say at this time: "Restricting the inflow of foreign funds cannot stabilize the ...... of the stock market. ”

"Use the funds on my private account to slowly absorb funds, don't be too obvious." Yi Zhizhi said: "In addition, the commentator of the "Securities Daily" wrote an article that although the Qing Dynasty implemented constitutional government and developed industry, the economic system was somewhat different from that of Western countries, and it was not an economic system of free competition, but an economic system dominated by monopoly, and there was no disorderly competition, which was enough to avoid the occurrence of economic crisis to the greatest extent.

With the implementation of the Five-Year Plan, China's heavy industry will usher in a stage of rapid development, and even if the economic crisis will break out, it will definitely not be now, at least ten or eight years later. ”

As he spoke, he looked at Zhao Liewen, "Let the major newspapers debate this comment, focusing on the economic system, comparing the advantages and disadvantages of monopoly and free competition, and in addition, let them understand the industrial development of Germany, as early as more than ten years ago, there began to be a monopoly organization in Germany - cartels." ”

"Cartel?" Zhao Liewen asked, what kind of monopoly organization is a cartel, he really doesn't know, and it is the first time he has heard of it.

Yi Zhizhi said: "Cartel refers to the large enterprises that produce similar products to sign agreements with each other on product prices, sales markets, production scale, etc., so as to form a monopoly on the price and market of a certain product, and the bicycle factories in Guangzhou and Shanghai are actually cartels." ”

After a deep groan, Zhao Liewen asked again: "What kind of monopoly is Yuanqi?" ”

What kind of monopoly is Yuanqi? Yuanqi does not belong to a cartel, nor does it belong to a syndicate or a trust, strictly speaking, Yuanqi belongs to the state monopoly, which belongs to a higher level of monopoly, Yi Zhixiang glanced at him and said, "Let them judge this question." ”

After a slight sigh, Zhao Liewen said: "The big shopkeeper, it is related to the economic system of the Qing Dynasty, and it seems a little inappropriate to let the commentators of the "Securities Daily" write articles, so it is better to let the writers write?" ”

"It's fine." Yi Zhixiang smiled and nodded, "It's time for Xingzhi to make a name for himself, call the big newspapers in the southeastern provinces, and leave a place on the front page ........" ”

"The big shopkeeper." Huo Qizheng hurriedly said: "Can the publication of the article be postponed for a few days, once this article is published, the stock market will inevitably rise sharply, and foreign funds will inevitably hesitate to enter the market." ”

Yi Zhizhi smiled contentedly, "Okay, just give them one more day." ”

British Consulate in Shanghai.

Consul McWartto put down the phone and looked at James. Northcote said, "There's bad news ....... ”

Northcote said with a happy face: "Yuan Qi made a pallet to save the market?" ”

"It's not." McWartto said: "Yuan Qi banned the inflow and exchange of silver into and into Chinese dollars on the grounds of the imminent implementation of the gold standard, and at the same time restricted the inflow and exchange of pounds sterling on the grounds of the outbreak of the financial crisis in our country, and only allowed two million pounds to flow in and exchange Chinese dollars every day. ”

Northcote gasped, "What a keen insight!" What a quick response! ”

Mai Huatuo glanced at him and said, "You have been preparing for two months, you won't have to exchange Hua Yuan, right?" ”

"It's not much, it's been exchanged for 20 million yuan one after another." Northcott said: "Because I was worried that Yuan Qi would find out, I didn't dare to exchange a large amount." After a pause, he asked, "What about the gold?" Is there a limit to gold? ”

"There are no restrictions on the inflow and exchange of gold, and there is no reason to limit them. ”

After a long silence, Northcott got up and picked up the phone, "Pick up HSBC." “

Listening to his order to exchange two million pounds of Chinese dollars immediately, and to exchange gold for Chinese dollars as much as possible, Mai Huatuo couldn't help but be secretly frightened, and when he put down the phone, he said: "Plan to enter the market today?" ”

"Now that the other party has noticed it, it is necessary to enter the market quickly without hesitation." Northcott said: "I plan to imitate the method of Yuanqi tray to save the market, how to spread the news again, Yuanqi indiscriminately distributes banknotes." ”

"I don't approve of it." Mai Huatuo hurriedly said: "I don't want to cause the relationship between Britain and Qing to deteriorate because of your recklessness, in Shanghai, there is nothing that Yuan Qi can't find out, no matter who you spread this rumor through, Yuan Qi can track it down in the shortest possible time."

Whether it is for the sake of the Empire's interests in the Far East, or for the safety of your funds, I hope you will dispel this unintelligent thought. ”

Northcote said in disbelief: "Yuan Qi is so powerful? ”

"More than you think."

There was silence for a while before Northcott spoke: "I still want to try, this is a rare opportunity after all." ”

Mai Huatuo said unceremoniously: "As long as I hear the rumors, I will take the initiative to report them to Yuanqi." ”

After staring at him for a long time, Northcote smiled wryly and said, "Okay, you won." I enter slowly and do not spread rumors. ”

Easy to know that the private capital is huge, Northcott's capital is as high as 40 million, the two shares of funds at the same time are mainly to absorb chips, after the stock market opens, the stock index began to rebound slowly after the rapid decline, the whole day, the stock index has been in the red.

Early the next morning, the major newspapers of the southeastern provinces and the "Securities Journal" simultaneously published an article on the front page entitled "Will an economic crisis break out in the Qing Dynasty?" article.

At a time when economic crises broke out in the United States and Germany, and the domestic stock market suffered a sharp fall, the government and the opposition were already very concerned about the economic crisis, and this title alone was enough to attract the attention of countless people.

For the first time, this article clearly pointed out that the economic system of the Qing Dynasty belonged to the monopoly capitalist system, and adopted an economic system that combined the planned economy with the market economy, which was very different from the capitalist system of free competition practiced in Western countries.

The article points out that the site selection, supply of raw materials, product prices, sales markets, production scale, and other aspects of factories and mining enterprises in the Qing Dynasty are all under the guidance of Yuanqi's plan, which is quite different from the mode of free competition, and there is no blind expansion of production scale, nor is there disorderly competition, and the crisis of overproduction is avoided to the greatest extent.

At the end of the article, it is pointed out that with the continuous improvement of industrialization, the continuous development of productive forces, and the substantial improvement of production efficiency, it is also difficult for the Qing Dynasty to eliminate the emergence of economic crises, but at the current stage of the rapid development of the Qing Dynasty's industry, it is impossible for the Qing Dynasty to have an economic crisis! At least until the next economic crisis cycle, that is, ten or eight years later.