There are many good things, and Chang Ruiqing now has a little bit of experience.

China in this time and space can be said to have been doing good things recently, and large swathes of land in Siberia and Central Asia have been easily snatched up. Shi Jianfei and Tian Yuchen, who had just been promoted to general, were now almost unable to find a target if they wanted to throw nuclear bombs, and the Soviet Red Army ran faster than rabbits, and it seemed that they were planning to retreat to the Ural industrial zone.

The attack on the South Seas also began in early April, and the Japanese naval force had collapsed, so naturally there was no possibility of fighting back only if they were beaten. And the deployment of the Japanese army in the South Seas is also quite strange, the heavy troops are all on Java Island, Sumatra and Borneo, I don't know if it is to defend Takeda Heng, who has just slipped to Java Island? In fact, they don't have to be like this, the Chinese people have no hatred for Takeda Heng, if it weren't for him and the Japanese GCD to make a revolution, how could more than 10 million Japanese elites vote? China will never be able to develop to this point in any way. So no one in China is going to take Takeda Heng's life, oh, there are many Chinese people who hate him......

With the concentration of Japanese forces on the islands of Java, Sumatra, and Borneo, the Philippine archipelago was very empty. Therefore, Wang Junhao, who had just been transferred from the Northern Front (responsible for encircling and suppressing the Soviet army in northern Siberia) to the post of commander of the South Ocean Front, aimed his attack on the Philippine Islands. At the beginning of the campaign, the Wehrmacht Air Force and Naval Aviation first carried out wanton and indiscriminate bombardment of the Japanese airfield and the Krabi (Luzon) naval base, destroying most of the Japanese fighters on land on 3-4 April, thus creating conditions for the landing operation. After completely controlling the air supremacy. Under the cover of the Nanyang Fleet, two divisions of Chinese infantry landed at Apari and Vigan in northern Luzon on April 5. On 6 April, another division of Chinese infantry landed at Lingayan Bay on the west coast of Luzon. On 7 April, the Chinese landed at Ramon Bay in southeastern Luzon. At this point, a north-south flank attack on the Japanese army in Manila was formed. The 19th and 21st Divisions of the Japanese defending army on Luzon Island, feeling that the general situation was gone, did not dare to fight the Chinese army in Manila. They had to retreat to the precarious Bataan Peninsula and the naval fortress of Corregido. As for the 19th and 21st Divisions of the Japanese Army, which held on to the danger, it is estimated that they will not be able to last long under the suppression of the superior naval and air force firepower of the Chinese army.

In Japan, the progress of the Chinese army was also very smooth, and the Japanese Kyushu Army, which had lost and participated in the battle, had retreated into the mountains and did not dare to take the lead. The entire prefecture of Nagasaki, Saga, and Fukuoka was suppressed by the Chinese army. The main towns of Kumamoto and Oita prefectures all fell except for Hitoyoshi City, which is located deep in the mountains. In the northwestern part of Honshu, the cities of Shimonoseki, Onoda, Ube, Yamaguchi, and Hofu in Yamaguchi Prefecture were also under the control of the Chinese military. At this point, the Guanmen Strait was completely opened. The Chinese fleet could now sail directly into the Seto Inland Sea for operations.

Moreover, the Japanese strategic warfare of the Chinese army was extremely stable, and a large number of ground troops were invested in house-to-house searches in all suppressed areas. The arrest of "anti-Chinese elements" also led to the arrest of a certain number of hostages in each city to ensure law and order. After paying a considerable price, the Japanese in all occupied territories also became tame. The puppet regime of Xiyuan Temple Gongwang was quickly established in various cities occupied by the Chinese army. There were long queues in front of the Greater East Asia Co-Prosperity Association and the China GCD branch offices in Kitakyushu and Shimonoseki cities. They are all Japanese people who want to join the party! When the news of the attack by two weapons of mass destruction in Krasnoyarsk reached Japan, several former secretaries of the county party committees and county governors of the Japanese GCD emerged from the "underground" and became Japanese traitors, not only joining the Chinese government, but also organizing many Japanese people to march in front of the headquarters of the Chinese occupation forces through their social connections, all of whom resolutely supported the Japan-China alliance! There were even quite a few Japanese leaders in Japanese counties and cities that had not yet fallen, and they secretly sent people to contact the Chinese invading army and the puppet regime of Xionji Temple to convey their sincerity, but the group of officers trained by the old Japanese empire had a little more backbone, and after the defeat, there were still a few people who committed suicide and martyrdom, and even if they did not die, they went to prisoner of war camps. No one surrendered to the puppet army. However, the Japanese Red Army's performance on the battlefield was getting worse and worse, and after entering April, it basically had no strength to fight back. It's just passively sticking to the cities that are destined to be undefended. Even a fool can now see that it is only a matter of time before Japan becomes an integral part of the Great China Federation.

Seeing the scene of the Great China Federation eating meat in large chunks on the eastern and western fronts, the Germans, who were also full of oil, did not have too many ideas, but the United States and Britain, the two belligerent countries that had shed blood and sweat and paid more than one million lives to defeat the Soviet camp, but did not reap much benefit, were inevitably a little hot-eyed. Although they knew that the meat in the mouth of the oriental dragon would never spit out when they arrived in China, Roosevelt and Churchill were unwilling to watch China and Germany divide up all the spoils of this world war, although they did not dare to lead the British and American troops, which had long been beaten by the Red Army of the Soviet, India, and Japan, to compete with China and Germany. However, diplomatic and economic pressure can still be exerted a little - since it can't be defeated, let's be reasonable!

Fortunately, China did not support Germany on the issue of Australia, so the Germans could not be counted on to speak for them this time. With the strength of Britain and the United States, there should be no danger in reasoning with China, right? So the Foreign Secretary of the British Empire, Anthony. Aiden, as well as the Special Presidential Envoy of the United States of America, Harry. Hopkins came to Nanking on the back foot and put forward the views of their respective governments on the Japanese and Nanyang issues......

Chang Ruiqing now rarely took off his military uniform, wore a crisp suit and sat in a conference room of the Prime Minister's Office with several civilian ministers of the federal government, and drew in circles with red and blue pencils on a map of Greater East Asia spread on the conference table, and finally wrote the words "referendum", "colony", "reparation" and so on next to Japan, the Philippines, and the East Indies.

Seeing Chang Ruiqing bowing his head there and pondering, everyone didn't speak. The room was quiet for a while. I saw Chang Ruiqing suddenly turn his head: "How much gold foreign exchange reserves do we have?" And how much debt is owed to the United States and Germany? ”

Of course, it costs money to fight a world war, and although China experienced rapid economic development for more than a decade before the war, it is not a rich country after all. After the outbreak of the world war, although the federal government's fiscal revenue increased greatly due to the development of military industry and heavy industry, it was still a drop in the bucket that was equivalent to a surge in military spending. Since the outbreak of the World War in July 1932, the federal budget has been running short by an average of hundreds of millions of dollars every month! If this figure had been put in the Republic of China in the previous life, the country's economy would have collapsed long ago. However, China's economy in this time and space can still operate relatively well. The annual fiscal deficit of several billion yuan accounts for only a few percent of the gross national product. Enough money was raised by issuing bonds and borrowing money from the central bank (i.e. printing money), and there was no inflation!

Such a situation even greatly exceeded Chang Ruiqing's own expectations, and the explanation for this by Vice Premier Zhang Junmai, who is in charge of the economy and finance, Liao Zhongkai, Minister of Finance, and Chen Guangfu, governor of the Central Bank, is. Although the amount of money issued is somewhat large, most of it is converted into bank savings and does not flow into the consumer market. On the one hand, the reason for this situation may be related to the fact that Chinese have always been more diligent and thrifty. Finally, I had a few dollars, and I was reluctant to spend them, so I had to save them.

On the one hand, it is also related to the successive victories of the Wehrmacht on the battlefield since the outbreak of the war. Because the banknotes issued by the government can also be seen as bonds secured by the credit and property of the government in some way, and we of the Great China Federation can at least double the territory of the war in this war, these newly occupied lands and most of the factories, railways, mines, forests, and other resources on them are now the property of the federal government. Even with the most conservative price estimates, these properties are worth hundreds of billions of dollars! It is several times more than the Chinese dollar issued by the Federal Central Bank, and who would be worried that those banknotes with the big portraits of Sun Yat-sen, Chang Ruiqing, Duan Qirui and Mao ZD will become pieces of waste paper? In history, if the Kuomintang reactionary army of Lao Chiang could play a triumphant song on the battlefield, Ping Su destroyed the sun and swallowed the South Seas, no matter how much old fiat currency he printed, he would not worry that the votes would not be strong!

However, the federal government can print paper to pay people who believe in the government's credibility and domestic capitalists, but Huayuan has not yet been widely recognized internationally, so it cannot be used to pay off China's huge foreign debt. There was no way to use the Chinese dollar to buy the equipment and technology needed for post-war construction, so now the United States and Britain are also using the foreign debt problem to put pressure on China.

Zhang Junmai these days because of the post-war construction funds and the imbalance in the balance of payments. We have been consulting with various financial experts to study countermeasures. Hearing Chang Ruiqing's question, he smiled bitterly: "Prime Minister, we really have a lot of foreign debts, more than half of the wave of international procurement before the war was borrowed, plus the foreign debts owed by other construction projects before, before the outbreak of the war, we already owed 3.4 billion US dollars, and after the outbreak of the war, we successively owed more than a billion US dollars in debt to Germany and the United States. Among them, the debt owed to Germany is not much, and it has already been repaid with a ton of enriched uranium, and now our main external debt is owed to the United States, and the total amount is more than $5 billion after interest! And 2 billion of them were due before the end of 1937. ”

He glanced at Chang Ruiqing again, saw that he had no expression, and continued: "Of course, most of them are corporate debts, which are not on the government's books, but what we are implementing now is a gold foreign exchange control system, and those companies have no foreign exchange in their hands, so they can only buy foreign exchange from the central bank to repay, and the gold, US dollars, and marks in the hands of the central bank together are only equivalent to about 1.5 billion US dollars, which is not enough to repay the foreign debts due before 1937. Now the Americans are using this matter to blackmail us, wanting to intervene in Japan and the South Seas, Prime Minister, you see ......"

Chang Ruiqing heard a sneer in his heart, shook his head and said: "Roosevelt didn't mean that, even if the United States is allowed to intervene in Japan and the South Sea Islands, how much oil and water can it have?" After all, it is our bayonet territory, and the Americans will not fail to understand this truth. So the pressure is on the ground now, and I guess what Roosevelt really wants is for us to develop the market, but this matter cannot be taken lightly. Of course, this foreign capital must be utilized, but our economy must not be manipulated by foreign capital. ”

He asked Sun Yuexun again: "Have you told the Americans what they wanted?" What was his reaction? ”

The corners of Sun Yuexun's lips curled slightly, revealing a wry smile: "Xiyuan Temple means that the Japanese nation has been defeated. Even if they join the Great China Federation, they will not shirk their obligation to pay compensation, and they will definitely pay it off even if they smash the pot and sell iron...... The $3 billion indemnity can be borne by the Republic of Japan alone, and will not put any pressure on the federal finances. ”

"Prime Minister, I think this is a good solution. As long as the Republic of Japan is willing to pay $3 billion in reparations, Britain and the United States will have no reason to put pressure on us, and there will always be a way to solve the remaining gap of less than $500 million......"

It was Chen Guangfu, the governor of the Central Bank, who spoke. During this period of time, for the sake of the billions of foreign debts, the hair on this worried big head was about to fall out, and when he heard that the Republic of Japan was willing to bear the compensation of 3 billion US dollars by himself, he was the first to express his approval.

But Chang Ruiqing snorted coldly. interrupted: "Xiyuan Temple looks at this old fox. At this point, he has not forgotten to revive his Great Japanese Empire! He glanced at Chen Guangfu: "We can't stop the $3 billion debt for the Republic of Japan, what kind of face do we have to lead Greater East Asia to common prosperity and strength?" What will the He people think of us, the Great Chinese Federation? He turned his head to Wang Jingwei and said, "Go and tell Hopkins that as long as the referendum of the Republic of Japan agrees to join the Great China Federation, Japan's war responsibility will be borne by the entire Great China Federation!" ”

Several complicated eyes suddenly cast over, some were grateful (of course, Sun Yuexun's gaze), some were helpless, and some were even more puzzled.

Chen Guangfu frowned and thought for a while, shook his head and said, "Prime Minister." Where do we have so much money? At present, I don't know how to repay the foreign debt of more than $5 billion, plus 3 billion ...... That's more than $8 billion! How can this still be ......?"

"What about the more than $8 billion owed to the United States?" Chang Ruiqing waved his hand indifferently: "As the saying goes, if you have too much debt, you don't have to worry." If there are more lice, don't bite! Guangfu, don't think that the debt of more than $8 billion is our problem, that is the problem of the Americans! ”

Isn't it just more than $8 billion! In the previous life, the United States owed China trillions of dollars in debt, and it was still the world hegemon? It's as if these trillions of debts are not owed by the United States, but by China! Chang Ruiqing sneered in his heart, since the Yankees owe trillions, what is there to worry about now that he owes eight billion? As for the question of repaying the money, hehe, did Bush Jr. and O'Hei in another time and space think about repaying the money? The debt relationship between countries is not comparable to that between Huang Shiren and Yang Bailao, if you don't repay the money, you can pull Xi'er to pay off the debt, there is no such thing as a royal law between countries, the truth is all in the fist! If Japan is in debt now, then even if they let their loli, royal sisters, and wives all sell themselves, they will have to grit their teeth and pay it back - unless the Yankees think that Japan has some other use value! But what is there to be afraid of when this debt is transferred to the Great China Federation?

No, there are people who should be afraid, but not himself, the premier of the Great Chinese Federation, but Roosevelt, the president of the United States!

Because now the world owes the Yankees a huge debt, but it is not only the Great China Federation! A mocking smile appeared on the corner of Chang Ruiqing's mouth, and he looked at Wang Jingwei and said, "Zhaoming, do you know how much debt the Germans owe to the United States?" ”

Listening to Chang Ruiqing's question, Wang Jingwei was slightly stunned, frowned and thought for a while before muttering: "I can't remember how many subordinates I have, but it will not be less than 13 billion US dollars." ”

Chang Ruiqing smiled, glanced at Zhang Junmao, Liao Zhongkai and Chen Guangfu with a cigarette, and said with a smile: "It seems that we still owe less, it's better to find a way to owe a little more, why can't it be less than 13 billion US dollars?" ”

Everyone in the room seems to have two words in their hearts, "repaying the debt", and their prime minister Chang Da obviously does not intend to repay the money, not only does not want to repay the American money, but also wants to borrow another billion dollars to spend, and he really deserves to be one of the two major villains in the world alongside Hitler (this is what Pravda said)!

Liao Zhongkai smiled bitterly when he heard this: "Prime Minister, if we don't pay back the eight billion, the Americans have no way to take us, but it is probably impossible to borrow another five billion." ”

Chang Ruiqing sneered and winked at Liao Zhongkai: "Who said we don't plan to pay back?" Our China has been a country of etiquette since ancient times, and it can't be more reasonable, how can we do this kind of debt that we don't pay off? I mean, there is borrowing and repaying, and it is not difficult to borrow again...... We are now in sight of victory, but what about after victory? The territory of more than 30 million square kilometers, although rich in resources, but most of the place is dilapidated, after the war there are still tens of millions of national defense forces to be discharged, and there are still heavy industrial enterprises with an annual output value of tens of billions of yuan need a large number of infrastructure orders to start production to maintain production, no money is not enough. Now, Mr. Zhongkai, you go and give Hopkins a briefing, and then make an appointment with him to discuss the loan with him personally. (To be continued......)