Chapter 1025: Economic Battlefield

War has always been about everything. The means of destroying opponents are not only guns.

The Americans, who had been getting the most out of World War I and World War II, learned early on to take up other weapons.

If it weren't for the British and American control of strategic materials, the German tanks and the Japanese ships would not have been unable to move.

In response to China, the Americans also played this trick early.

It's a pity that at this time, Huaxia, which has a vast territory, is really a big land.

The vast territory has the industrious Chinese people's harvest of grain and cotton, the cattle and sheep of the Australian and Mongolian plateaus, the rubber of Southeast Asia, the iron ore that is enough for 30 million tons of iron and steel equipment to start work, the rich tungsten ore, the copper ore in Jiangxi, Outer Mongolia and Central Asia, the chrome ore in Central Asia, the nickel ore in Jinchuan, Australia, Indonesia and other places, the coal sea in Shanxi, Ordos and Siberia, and the nearby exploitation of Daqing, Central Plains and Shengli oil fields and the support of oil fields in Central Asia and Southeast Asia. Driven by the strong labor force of China's recent population, the Chinese war machine has been running without sluggishness.

The ore refinery of the base is from all over the world, constantly providing accelerated power for Huaxia.

In the face of China, which lacked nothing, the British and American control of strategic materials had failed, and even under the price baton of Meng Xiang, they had to pay a high price in tungsten, rubber, pig bristles, tung oil, raw silk, tea, etc.

Britain and the United States have also considered blockades in other economic aspects such as technology and imports and exports.

However, Huaxia's industrial base has been consolidated over the years, although not to say that all can be produced by itself, and the product performance may be insufficient, but it is enough to meet the daily needs of the people, not to mention that Huaxia also has a German ally with exquisite technology and control most of Europe.

After forming an alliance with China, the Germans, who were in a bad situation, had fewer and fewer technical restrictions on China, in exchange for rich products on the Chinese territory. Perhaps some military technology is still secret, but civilian technology does not fortify China at all.

Even though the Allied blockade made it more and more difficult to transport all kinds of large machinery, after a large number of advanced weapons were allocated to the Germans from the Huaxia account, a large number of German workers, engineers and even technicians were hired from the German and European military factories to build all kinds of new machines directly in the machine factories in China.

Originally, Meng Xiang was worried that the Jews and Czechs and Poles who had been hired in the early days had great opinions about this, but very few people quit their jobs because of the alliance between China and Germany.

Not to mention, when the Chinese army continued to advance westward, those Jews were more than happy with the promise that Meng Xiang had secretly made to help them establish a state in their homeland, and even contacted Jews around the world to do normal business with China.

Jews don't mind dealing with the devil as long as the price is right, not to mention that Huaxia is not German.

Europeans, including those who have been brought up by other Western civilizations, have a very realistic choice in the face of national honor and personal interests, and most of them are very rational to distinguish between Germans and China.

As long as the Huaxia provided them and their families with good remuneration and a safe environment, they didn't care if the items they created would be sold to the Germans. Moreover, most of them are engaged in the civilian field, and they do not have too much contact with those sensitive military industries, and they are distributed in many factories in China, and they generally do not meet with the Germans.

Even the Germans, compared to their compatriots in Europe, who chose to join the army to fight and leave their families in increasingly unsafe places, and Huaxia, where they could live in a stable environment with a high salary, were very motivated and motivated to work, and did not look for other troubles.

Not to mention their world-class technology, the rigor of the Germans has also led to the cultivation of many good habits of Chinese workers.

With the complementarity of the Germans, China was not at all afraid of the Anglo-American technological blockade.

Even if the Germans have not had time to digest and absorb the technology, the base can provide a steady stream of the most advanced weapons to arm the Chinese minions. Shanzhai and Umbrella companies rejected the request to form an arms alliance with Britain and the United States, allowing Britain and the United States to control the arms deal, and the attempt to impose arms sanctions on China was also dashed.

Although Britain and the United States and other countries have also canceled many import orders from Huaxia, and actively compressed the profit margins of Huaxia's manufacturing products internationally, in an attempt to lead the expanding Huaxia manufacturing into an economic crisis of overproduction.

However, China's vast market soon swallowed up these foreign trade orders and the domestic demand market created by the rising living standards of the Chinese people was in a state of hunger and thirst for at least ten or even twenty years.

This gold market is even hot for Americans, and this is one of the reasons why some people in the United States oppose the war against China. This also makes some American predators chase huge profits, and they are still secretly trading with the agents of the Chinese.

The term state is only a collection of interests that regulate people and people. The state needs to look out for the interests of all. Once something is lost, someone jumps out of the circle.

It's like powerful capital, which can ignore the state for the sake of profiteering. Even those who are more dependent on the privileges of the state can abandon the state for the greater good, such as Soviet Russia in later generations.

Also for the sake of profit, those neutral countries, and even some of the allies such as France, are still in contact with the Chinese, only for the cheap goods made in China.

Therefore, the economic sanctions that the Americans have been imposing on since very early days have existed in name only.

The unwilling Americans have resorted to more high-end financial means.

The greedy Wall Street predators were not intimidated by Huaxia's bomb warnings, and just wanted to nibble on the fat of China's currency, which gradually occupied a place in the world's finance.

With the gold absorption methods of Huaxia and Mengxiang bases, the Americans did not include most of the world's gold

Faced with the hard currency that continued to accumulate in the Huaxia vaults, Wall Street predators were red-eyed.

It's just that their predatory methods have hit a nail in the nail in China's monetary policy.

"Fortunately, the central bank has regulated the issuance of banknotes, and there is no rush to expand the issuance, otherwise this time the country will be in chaos." Zhou Bai touched his forehead and palpitated.

Copper coins in the era of the vanguard army were still popular, but they were used in the whole country, including many occupied land, and the resources of copper coins were a little tight, so paper money was also used in parallel.

Zhou Bai, Ma Yinchu and others have suggested expanding the scale of paper money and recycling copper and silver metal where it is more needed.

Meng Xiang's answer to this is that the issuance of paper money is only gradually expanded, and the copper coin system is still auxiliary and parallel, which limits the circulation of silver coins at most.

Meng Xiang's arms trading and the rapid increase in China's export earnings in recent days have accumulated in the high reserves of the Huaxia Central Bank, although the corresponding amount of paper money issuance is not large, which increases the cost of currency issuance, but it has formed the most solid line of defense against the financial battlefield launched by the Americans.

"If it weren't for these sufficient reserves, our credit money system would have a big problem this time!" Zhou Bai is so happy.

The stability of the Chinese currency and sufficient confidence have made the strict management of foreign exchange, gold and silver in recent years not suffer much rebound. China's financial experts began to propose the full implementation of credit money.

With the global economic crisis of the late twenties, countries began to move away from the gold and silver standards and implement credit money systems. In the first 39 years of World War II, Britain and France also declared that the pound and franc were credit currencies and would no longer be exchanged for gold. Only the Americans still maintain their promise to exchange gold and attract capital from all over the world.

Although the 44-year Bretton Woods conference did not take place as scheduled, the dollar has strengthened.

However, Huaxia could not learn this trick from the Americans.

Huaxia, whose exploration of finance is still in the primary school stage, is far inferior to the old way of Anglo-American capital, and may be accidentally killed in the financial pit.

Finance is just a means to accelerate the circulation of capital, and it does not create real value in itself, and the astronomical virtual value is only the appearance of the rules of the game set by man.

China's precious metal reserves and the world's credit are not comparable to those of the United States, nor can it absorb a lot of capital from the Western world.

It has expanded to almost the entire Asian region of China, and it is completely possible to set its own financial rules.

Thinking of the collapse of the Bretton Woods system caused by the massive loss of gold in the United States in later generations, Meng Xiang agreed to the proposal to implement a credit currency. Even the new copper coin system is far from the actual value of copper, and it is considered a semi-credit currency.

It's just the foundation of credit money that has become its weak point. It's easy to create inflation after a big push to open the money printing press.

The banknotes issued by China in the various occupied territories were of course a hidden means of plundering by using this method, just like the dollar in later generations. However, it was taken advantage of by the shrewd Americans, who had accumulated enough ammunition with dollars and pounds, and then threw it out in a concentrated manner. With the help of the amplification effect of government bonds and war bonds, the total amount of money issued is artificially inflated.

The Americans' attacks were so fierce that they were not at the same level as the Japanese, who were at the level of elementary school students, and they could completely destroy a country's financial system, and they thought that the worst of them could cause China's domestic economy to be disordered.

But they didn't know that Meng Xiang, who had seen a lot of financial crises in later generations, did not dare to be sloppy in the financial system, and was very conservative in keeping enough issuance and deposit reserves.

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