Chapter 439: Buying a Dreadnought
readx; The signing of the Ma'anshan iron ore development contract is of great significance to the American Bethlehem Company, which represents the prelude to Bethlehem, the American steel giant, to enter the Chinese market, and the Bethlehem Company has determined that China, which is currently undergoing large-scale railway construction and a large number of infrastructure construction, has a huge steel market, and now Bethlehem Company has invested in the construction of Ma'anshan Iron and Steel Plant in China, and can take this as a foothold, and then gradually expand its steel market share in China. In the end, it provides sufficient profit growth points for the parent company. Pen × fun × Pavilion www. biquge。 info
This contract is an outright commercial benefit for Bethlehem, and for Southeast Steel, it is crucial to use this contract to increase Southeast Steel's total production and technology. And although it is said that 51 percent of the shares of Maanshan Iron and Steel are owned by the Bethlehem Company, the Southeast Iron and Steel Company also occupies the remaining 49 percent, and the commercial benefits obtained by the Company will not be much less than that of the Bethlehem Company.
But in fact, Chen Jingyun didn't really care about these so-called business interests, as a warlord, as a warlord who controls hundreds of thousands of troops, his way of thinking is different from that of ordinary businessmen, for him, how much money can be made by the Southeast Iron and Steel Company under his name is only secondary, and even losses are indifferent, what he cares about is how much steel production can be brought to China by this steel plant built on Chinese soil, and how much development opportunities can be brought to China's steel industry. In the same way, whether the technology owned by this steel plant can provide qualified special steel for the future development of China's heavy industry, such as armor steel for building ships, steel for making guns and cannons, etc., these things are what he is concerned about.
Political things are always complicated by commercial interests!
In any case, the two sides finally implemented this super-large project with an investment amount of more than 50 million yuan. When this largest contract is negotiated, the other contracts are also about the same. Huaxia Bank's wholly-owned Sanshi Chemical Company will form a new chemical company whose main products will be agricultural fertilizer production and other chemical products, including, of course, explosives.
Shanghai Power Company has also signed capital and technology import contracts with a number of American companies, including gasoline engines, diesel engines, new three-expansion steam engines and new power steam turbines for today's warships.
Chen Jingyun's long-awaited tractor factory project is relatively difficult to negotiate than other projects, and the tractor factory project is much simpler.
There are many projects that American capital wants to invest directly, such as steel, chemicals, and power, and they all want to take control of newly established enterprises, otherwise they will not want to use the latest patented technology in joint ventures. Whether it is the Ma'anshan Iron and Steel Plant, the joint venture Shanghai Power Company, or the Chinese branch of DuPont Chemicals, the United States occupies 51 percent of the shares, and the Chinese side only occupies 49 percent of the shares.
In addition to these, there are many other projects in which Americans have little interest in direct investment, so a considerable number of projects are financed by the United States, and China uses these loans to purchase equipment and personnel and technical support in the United States.
These large-scale projects are casually more than 5 million, and there are many more than 10 million, and most of them are heavy industry projects, and only a few are light industry projects involving the textile industry. The sum up of so many projects has already reached $80 million, and of course this cannot be all cash, but will be converted into shares in equipment and technology, and a small amount of cash will be provided. In addition to direct investment, a total of US$110 million will be borrowed from three banks in the United States, and this part of the commercial loan will be borrowed by Huaxia Bank from these three banks in the United States, and will be jointly guaranteed by the Republic of China and the United States, and these three banks will issue relevant commercial bonds on Wall Street in the United States to provide funds. Of course, like all large loans in this year, these loans have many restrictions, and every cent in this loan has been specified in the loan contract in detail, most of which are used to purchase various industrial equipment products from major enterprises in the United States, and a small part can be paid in cash to Huaxia Bank to provide working capital for many projects.
Combined, direct investment and loan investment amounted to $190 million. Converted into Chinese dollars, it is nearly 38 million. Although this amount is not as much as the 500 million yuan expected by the Economic Development Department, it was only expected at the beginning, and Ma Yinchu and others never thought that they would be able to negotiate all the projects. Now that it has received an investment of 190 million US dollars, according to Chen Jingyun's evaluation, the work of the Economic Development Department has been overfulfilled.
Soon after the Nationalist Army captured Xuzhou, China and the United States had completed all the contract negotiations, and the American business delegation returned to the United States on March 6 with a ship after spending nearly a month and a half in China, bringing back a large number of contracts and orders for industrial products from China!
It was already possible to anticipate that the business delegation would return to China with such a sensation, with orders of up to $190 million, which could provide countless jobs in the country, and this would further strengthen the U.S. trade surplus. Moreover, in the trade between the United States and China, almost all of them are exported by the United States to China, whether it is weapons or industrial equipment, the United States is exporting, and the United States imports very limited from China, and the largest amount is raw silk, porcelain, tea and other traditional Chinese foreign trade products. Although the share of raw silk imported by the United States from China has gradually increased in the past two years, the source of raw silk is still mainly based on raw silk.
Jia Leheng thought that if China's raw silk industry continues to rectify and increase production in the next few years, it will be possible to replace the "Bunsen Silk." When the time comes, they say, 'Ben has lost raw silk, which accounts for 40 percent of their exports, what else can they use to build ships?'
Jia Leheng is very much looking forward to this!
Of course, this will be a few years from now, and the Admiralty will not think that in the next few years, they will say, 'I don't have the money to build warships, and that is a nation where the emperor would rather go hungry than build warships.'" Besides, the U.S. Navy is now facing a real threat to the U.S. Navy, and the launch of a large number of battleships will not make it much easier for the U.S. Navy.
It is these concerns that have led to the two previous rounds of military aid treaties, and in addition to the commercial interests and the Chinese market that domestic entrepreneurs need, the U.S. Navy needs a naval ally in the Western Pacific to unite against the enormous pressure of the British alliance in the Pacific.
However, the United States still feels that the development of the Chinese Navy is too slow, and even after the 12 US-made warships return to China, the US Navy is still worried about how much the Chinese Navy will be able to contain by then.
Now that the situation in Europe continues to be tense, even Americans in the Americas have already smelled the smoke of gunpowder, and while the Americans are praying for a war to break out in Europe as soon as possible, and then fight for a few years to make the United States make war money, they are also worried that the Far East will follow in the footsteps of Europe and break out into war. In the unlikely event that 'I take advantage of Europe's preoccupation to provoke a war in the Far East, whether it is to invade the Philippines or attack Chinese mainland, I am afraid that at that time all European countries will not be able to deal with him, and then the United States alone will not be able to curb Ben's ambitions.
The continued tension in the European war has already made many people nervous, and the Americans, who intend to be neutral, at least until they make enough money, are also worried that 'they would have taken advantage of the fire to rob, in this case, the US Navy felt the need to further increase the strength of the small ally of the Chinese Navy in the Far East, of course, they would definitely not do it for nothing, and the newly built small cruisers and destroyers and the like have little effect, as for the capital ships, looking at the poor bastard appearance that the Chinese can't even afford to buy destroyers, Don't think that they will spend more than 10 million dollars to buy a new battleship, and it will take too long to build a new battleship, and it will take two or three years to complete it.
After thinking about it, the U.S. Navy decided to take another way, that is, to pick out two capital ships from the active capital ships of the U.S. Navy and then transfer them to the Chinese Navy. Rather, dollar by dollar, it was fought for from the American Congress.
The U.S. Navy intends to transfer the Connecticut-class pre-dreadnought battleship, one is the USS Louisiana, and the other is the USS Vermont. The sixth of the Connecticut-class dreadnoughts, the USS New Hampshire, was also the last pre-dreadnought battleship built by the United States. The former dreadnought battleship, which started construction in 1905 and was launched in 1906, was not fully completed, and the British battleship Dreadnought was launched, and the unprecedented all-heavy gun arrangement on the Dreadnought, the layout of eight main guns on the same side instantly made all other battleships in the world outdated, whether they were newly commissioned or under construction.
∷.