The issuance of public bonds is a common method used by foreign governments to raise funds for emergencies. The British government owes five or six billion pounds www.biquge.info foreign government, and it can still fight Napoleon, relying on public debt, which is also a national debt.

Britain began to establish its own national credit system in the 17th century, and by now, the issuance of government bonds has become the most important cornerstone of the hegemony of the British Empire, raising endless funds for the British Empire. But this is nothing new in China.

When Chen Hangang founded the country, he also engaged in national bonds, war bonds, land bonds, and construction bonds, but after the tax reform, with the increasing sufficiency of the state's finances, the Central Plains has not heard the sound of 'national debt' for more than ten years.

Su Meng was speechless at Shi Wenxuan's 'Zhenzhen Youzi'. Shi Wenxuan's words really have weight, not to mention that King Kang's mother is the beloved concubine of Emperor Laozi, even if it is the prince born to the imperial concubine who is not very favored, with the character of the current emperor, there is no reason to ignore it.

The public bonds issued by Kang Guo are actually guaranteeing the credibility of the current emperor. Su Meng could predict that in the future, a series of vassal kings would take out loans with the credibility of their elder brother and son. But this matter has been reported to the emperor, and he will definitely acquiesce to it. So Su Meng had no reason not to agree.

Chen Ming really had no reason not to agree. Money is money when it flows, otherwise no amount of gold is an ornament.

As for the public bonds issued by the various feudal states, he did not doubt at all that they could be sold, and the reputation of the Chen family's royal family was very good. Chen Han is not my Qing Dynasty? In the 24th year of Guangxu, the imperial court issued "Zhaoxin Securities" to cope with the financial difficulties after the First Sino-Japanese War. However, because the credit of the Manchu court was very problematic, and the smooth issuance of public bonds was inseparable from the government's credit, the 'Zhaoxin Securities' issued by the Manchu court became a piece of rotten paper and no one cared about it. Later, 'Zhaoxin Securities' simply became an apportionment by the Qing government, and a little silver was raised. Of course, where all this money is spent is unknown.

Public bonds and national bonds are also debts, and debts must be repaid. The Manchu government only knew how to borrow but not to repay, and of course no one bought their account. Chen Han's national credibility is perfect.

Chen Ming didn't have the idea of swallowing the United States and South America in one gulp, the cake was too big for him to eat in one gulp. But Chen Ming's belief in Chen Han's victory in this war is also unwavering.

When the armistice was signed, most of the Americans, Spaniards, and Portuguese war reparations would go into the pockets of the imperial court, but the remainder would also be a relief to the vassal states. Moreover, after the end of this war, each of them will be able to expand their 'land area' to a certain extent, and for the feudal state, this is the foundation of the century. No amount of money is worth it.

Debts are time-limited, borrow money now to solve urgent needs, and pay it off slowly in the future.

The Commercial Bank soon finalized the issuance of the first public bond with Shi Wenxuan, with a total amount of 100 million yuan, and Kang Guo did not need to pay any rights and interests as collateral, and the Commercial Bank guaranteed the issuance of the public bond. Kangguo itself is ninety percent of the actual income, which is no different from the previous loans, the biggest change is the interest rate, which has been raised to 5%, and the other is that the term has been put to 20 years.

After all, there is no collateral for this money, and the commercial bank also bears a certain risk.

Although the negotiation went well, Shi Wenxuan still couldn't relax, sitting in the carriage, he kept frowning, and didn't speak for a long time. Chen Bing knew what Shi Wenxuan was because of, and it was uncomfortable to owe money. He specially instructed the coachman to drive the carriage to the beach to take a gust of wind, breathe a few breaths of fresh air brought by the sea breeze, and also look at the scenery on the Huangpu River to relieve the pressure accumulated in his chest.

The population of a small Kangguo may not be 200,000 now, but the national debt is already as high as 400 million. It's a lot of pressure.

"Brother, this battle is enough to drag Kang Guo back for ten years." Shi Wenxuan looked at the Huangpu River and spoke after a long time.

"Although Your Majesty is a dragon and a dragon, he is old after all, and the dispute between the princes will definitely come to an end in ten years. Who knows what the new emperor will think when the time comes? Brother, I'm really afraid that in the end, it's a dream of Nanke. It turned out that what Shi Wenxuan was worried about was not the same thing as what Chen Bing thought.

Looking at a paddle steamer slowly passing by on the river, Shi Wenxuan sighed, looked at the red flag fluttering at the stern, and an inexplicable sadness hit his heart. He withdrew his gaze and glanced at Chen Bing, who had an embarrassed face.

Chen Han's battle for the throne has been going on so far, and there are very few children in the Chen family who can stay out of the matter, and Chen Bing is no exception. He also pressed in this battle for the throne. According to the traditional Eastern concept of power, the new emperor's sense of the American vassal states is really difficult to predict.

If the crown prince in ten years advocates the abolition of the feudal state or the reduction of the feudal domain, it will be fun to watch.

The situation will change, and people will change. Ten years ago, Emperor Chen was in his prime, but although the current Emperor Chen is still in good health, he can't hide the fact that he is sixty years younger.

Sixty is the year of the sixtieth year, and another ten years will be rare.

If you look at the hundreds of emperors in Chinese history, how many of them lived to be 70 years old? Handful.

So, ten years is a hurdle.

And Kang alone owes 400 million foreign debts, and it is conceivable that all the vassal states will owe a lot of foreign debts after the entire war. Even if their territory increases, it does not mean that their national strength increases. The high foreign debt was also a heavy shackle for the vassal states, and it is conceivable how powerful the American vassal states would be ten years later.

Newly born countries may have just emerged from the debt crisis and quagmire, and no matter how many countries there are, they are just a pile of garbage.

And how powerful will Chen Han be ten years from now?

If the new emperor decides to attack the vassal states of the Americas, as long as he does not kill them with a single stroke, as long as he weakens his attitude a little, he can make many vassal states choose to compromise. Because if you don't compromise, you will only perish. There is a real possibility that a small country like Kangguo will be 'ruined'.

This worry rose in Shi Wenxuan's heart when Kang Guo started to borrow money.

As a former naval officer, as an old oilman who has been messing around in the mall for twenty years after leaving the army, Shi Wenxuan knows too well the unimaginable power of this behemoth power. Don't talk about the war against Russia, the war between China and Spain in the Americas, it's all a piece of cake.

How much strength did Chen Han use in the war?

There is no feeling for these wars at all in China, and there is no change in the market or market. Can this be said that Chen Han used all his strength?

Not to mention Kangguo, even the six countries such as Cai and Xu, which were the first to establish a state in North America, could not block the power of the imperial court when they were united.

"Brother, why are you so worried?" Chen Bing only thought that Shi Wenxuan was worried about debt. There is no end in sight to the war in North America, and Chen Bing feels that the 270 million million that King Kang got is not enough, which means that Kang's debts will continue to increase, which is really a problem.

Where did you think of how deep Shi Wenxuan's worries were? But Chen Bing thought about it for a while, and it was true. When he took over the emperor's throne, he was also not at ease with those uncles and brothers in the west.

On the contrary, those countries in South America are very small in size, and they pose no threat to Chen Han at all.

Therefore, Shi Wenxuan's worries are not groundless. It's just that Chen Bing said: "Today is the master of the wise and martial arts, this will not be unguarded, right?" "It's really noisy, it's still Chen Han who suffers, and it's Chen Han who loses.

Central Plains, Zhengzhou.

This is a city that has developed rapidly in recent years, and its superior geographical conditions have made it an important inland commercial port in the Central Plains Province, and now it is one of the main economic centers in the central region of the Han Dynasty and the core city of the Central Plains Economic Zone. Statistics for the first half of this year show that the city has been ranked among the top 30 cities in China in terms of overall strength.

What makes Zhengzhou even more worth looking forward to is that a north-south artery connecting Yanjing in the north and Guangzhou in the south - Yanguang Railway is under construction.

At the same time, the east-west construction line also has the Longhai Railway, which leads from Lanzhou in Longyou to Haizhou, Jiangsu [Lianyungang]. The latter is the 'Kaihai Railway' - an extension of the trunk line from Kaifeng to Haizhou [Lianyungang], and the line takes the original Longhai Line - the tram carriage line.

It saves a lot of effort.

Although the sky has just dawned, the streets of Zhengzhou city are already slightly hot at this time.

For the citizens of Zhengzhou, now is a golden season, and those who have no ability, as long as they are willing to exert their efforts, will not only be hungry, but also gain a lot of money. The construction of the two railways at the same time in multiple construction sections continued to be massive. As long as you go to the construction site, you won't be hungry. This is a domestic construction site, which is not the same as the Suez Canal project in Egypt.

The latter has been under construction for ten years, and the entire project is nearing completion. Recently, the price of the canal's shares has skyrocketed on many stock exchanges in China, Japan, and other countries, and it is likely that it will be officially put into operation next summer.

Both China and the Ottomans invested enormous energy, money and sacrifice in the canal, and over the years more than 10,000 canal laborers alone died, not only Greeks, Central Asian khanates, Egyptians, but also some Chinese, Japanese, and Siamese. The completion of this canal will also be a major event that will change the pattern of the world.

Although no one has yet disclosed the great sacrifice of the entire canal project, everyone knows that the construction of this canal is extremely difficult. Compared with the hard work of railway construction sites in China, it is heaven.

Tables, chairs and benches have been set up in the breakfast stalls, steamed buns, fried dough sticks, steamed buns, and oil cakes as staple foods, and oil tea, spicy soup, and rice porridge. There are also those that sell boiled eggs, rice dumplings, roasted sweet potatoes, and baked potatoes.

Regardless of the size of the stalls, the food you buy is much the same. One group of guests checked out and left, and before they could step out the door, the second group of guests was already seated in their seats. Zhengzhou has been a very large construction site and material distribution center in recent years.

It is located at the junction of the two national transportation arteries, whether it is for the east, west, north and south, it is very important, and the sky is the collection site. In the past two years, Zhengzhou has not only built railways, but also vigorously upgraded land transportation, improved transportation standards, and built large warehouses.

It is also the largest livestock market in central China. The economic level of the entire Central Plains Province has been raised by Zhengzhou.

Of course, in such a big city, the places where you eat breakfast can't be all street stalls. With the booming economic development of Zhengzhou, beautiful things from all over the country have also flocked in. Even if there was no such trend, the mid-to-high-end chain food group controlled by the Kyushu Chamber of Commerce would not have led this trend.

Compared with the cost of eating steamed buns and drinking oil tea and spicy soup at a street stall, it is obviously more expensive to sit in a clean and bright restaurant, listen to Xiaoqu and eat breakfast. The latter is not something that the general public can enjoy.

It's like the three or five thousand oceans a month in the original time and space, and the dick will not think about going in and out, driving a luxury car, and living in a five-star hotel. Those who can enjoy the latter are the guys with bulging pockets.

"Can Kangguo's public debt have railway stocks?"

"Selling public bonds is to support the war in the Americas, and buying stocks is to make money. Can that be the same? ”

The things that the owner of the restaurant talks about are not on the same level as the things that the customers in the small street stalls say.