readx; The development of Daqing Oilfield has brought China's oil industry into a new stage in history, allowing China to get rid of the embarrassing situation of importing oil, and the domestic oil production has been greatly increased, but also the domestic domestic oil prices have fallen, and the decline in gasoline prices has provided a certain boost for the development of the automobile industry. Pen, fun, and www.biquge.info

In order to make full use of the land resources in Northeast China, and the development of Northeast China also needs more workers and other human resources, so in the whole era of President Zheng Zuyin, a large number of inland people immigrated to the four northeastern provinces, so that the population of the four northeastern provinces climbed from 30 million in 1924 to 40 million, and sufficient human resources not only provided sufficient workers for local industrial development. It has also allowed the local agricultural development to be greatly developed, among which the annual output of large-scale soybeans and rice is increasing year by year, not only soybean rice, but also a large number of cotton.

The slogan of the development of the Northeast has been shouted from 1923 to the present, and in recent years, the political axe has put the main force on the development of the Northeast, and strive to build the Northeast into an industrial base that can be compared with the Yangtze River Delta region, even Chen Jingyun in the 1925 national inspection, is also the main focus on the Northeast, he stayed in the Northeast for more than a month, during which a large number of projects were promoted, in contrast, his continued inspection along the Beiguang Railway to the south although it also has a great impact, But after all, it can't be compared with the Northeast line.

After all, after the Beiguang Railway goes south, Hubei and Guangdong are worth noting, and the other provinces are not too important. Hubei is a major industrial region in China, and before the development of Northeast China, it was an important industrial base second only to the Yangtze River Delta region. Now, even after the initial development of Northeast China, Hubei's industrial system is still very important to the whole of China.

Although Guangdong has always been an economically strong province, excluding the special city of Shanghai, the overall economic level is second only to Jiangsu Province, and even Hubei, a major industrial province, cannot be compared with Zhejiang, which is close to Shanghai. However, Guangdong's economy is mainly concentrated in the Guangzhou area, and its industry is mainly light industry. Therefore, although Guangdong can provide a steady stream of rich financial revenue for the central government, it is really not worth mentioning for the overall national defense industry, and it is not even as important as Jiangxi, but there is a Jiangyu Mining Company in Jiangxi, which provides more than 80% of aluminum alloy for China, and China's aircraft manufacturing almost depends on these aluminum mines, even after the development of aluminum mines in Northeast China and other places, but the scale is not large. It is far from being able to replace the important role of Jiangyu Mining's company.

Chen Jingyun walked for half a year on a national tour that year, first starting from Nanjing to Wuhu and then to Hangzhou, then to Shanghai, passing through Nanjing, continuing north to Anhui, northern Jiangsu, Shandong, and then passing through Hebei and entering the four northeastern provinces. After that, it will go south to Henan, Hubei, Hunan, Guangdong, and then return to Nanjing through Jiangxi and Hangzhou via the Zhejiang-Jiangxi Railway.

The first half of the whole tour can be regarded as a mode of inspection and tourism, but there is no family to follow him in the second half of the journey, so he has no heart to look around, so the rest of the journey is work.

This national tour of half a year, not only let Chen Jingyun really understand the current situation in China, but also let him gain a huge folk reputation, almost everywhere, there will be a large number of people spontaneously welcome, and Chen Jingyun will also give a speech from time to time, in addition to talking about the old topics of national superiority and Chinese rejuvenation, more involved in the topic of industry and farmers. It can be said that since Chen Jingyun's national inspection, China has begun the second period of rapid economic development.

The first was the period from 1914 to 1920 during the Great War in Europe, but then in 1921 and 1923, after a period of economic downturn in China, like the United States and the United States, the wartime boom triggered by the war in the second half of 1923 began to revive China's economy. After 1924, under the influence of the United States getting rid of the post-war economic crisis and entering the economic boom of Coolidge, China's economy was also indirectly affected and once again did not enter a period of rapid development.

In the 1928 fiscal revenue budget, the fiscal revenue of the political axe reached an unprecedented 3.5 billion yuan, and it increased at a rate of more than 15% almost every year.

Behind the substantial increase in fiscal revenue, it means that China's economy has developed at an almost unprecedented speed, and almost all of its industrial data have risen rapidly, among which the most representative steel output was 2.4 million tons in 1925, and in 1928 it had increased to 6 million tons, more than doubled. And this steel output is far more than the 2.5 million tons of steel output in this country. After the four major powers, the United States, Germany, Britain, and France, even the Soviet Union, which has seized the strength and made the determination to develop industry in recent years, now has only more than 4 million tons.

If we simply consider steel production, China's ranking in the world in 1928 was enough to rank among the great powers, and in this era, it is more appropriate to measure the country's strength by steel production, at least in terms of China's current strength, that is, the fifth and sixth.

Behind the sharp rise in steel production, it represents the huge domestic steel consumption capacity, and this degree of steel consumption can no longer be driven by the national defense industry alone, but more by private demand, and this demand is mainly concentrated in construction and infrastructure. In addition, there is a more important pull that is the automobile industry, although China's automobile industry is not as perverted as the development of the United States, but after years of market cultivation the automobile industry is also developing rapidly, and the development of the automobile industry has also led to the development of the steel industry.

The development of the automobile industry is also inseparable from the development of China's domestic petroleum industry, when the oil needs to be imported on a large scale, the gasoline used by the domestic people is not cheap, and after the Daqing oilfield is put into production, coupled with the increase in the production of other domestic oilfields, China's crude oil production has reached the level of five million tons per year, this number of supply is still large-scale stay in the era of mules and horses. A large number of oil wells are still under construction in the past two years, and China's oil production can further increase in the next two to three years.

The development of the steel industry and the oil industry was also represented by the development of the defense industry, and at the end of 1926, China's first self-built super-battleship, the Shundi, was completed at the Jiangnan Shipyard, and then tested and entered service with the Navy in February 1927. Four months later, in June 1927, the second ship of the Shundi class, the Zhuan, officially joined the navy at the commissioning ceremony under the auspices of Chen Jingyun, thus the Chinese Navy officially formed a decisive battle fleet with four battleships as the core.

While the two battleships were commissioned, China was also building a new generation of aircraft carriers based on the remaining aircraft carrier tonnage, which under the terms of the Second Washington Naval Treaty was 135,000 tons, the same as that of Britain and the United States. At present, China's four aircraft carriers occupy 85,000 tons of tonnage, and the modified aircraft carrier Taishan has already been retired to free up the tonnage of aircraft carriers.

Therefore, China still has 50,000 tons of aircraft carrier tonnage left, and according to this tonnage, the Navy's Ship Administration Department has improved a 25,000-ton aircraft carrier according to the design of the Hengshan-class aircraft carrier according to some shortcomings exposed after the Hengshan-class aircraft carrier was put into service, and these two aircraft carriers just occupy the remaining aircraft carrier tonnage.

After the design was completed, the construction of its first ship, Taishan, began at the Jiangnan Shipyard in March 1927, and the second ship, the Songshan, also started at the Qingdao Naval Shipyard in January 1928. When these two aircraft carriers are completed and put into service, China will have a strong naval aviation force of six large aircraft carriers.

The navy is developing, the army and the air force are also developing, the domestic economy has improved in recent years, although the political axe has been trying its best to reduce the proportion of military spending, but the available military spending of the three armed forces is still rising year by year, which affects the army's equipment renewal is also proceeding rapidly, the establishment in 1922 has already been completed, and now the plan of artillery motorization is now underway. The Third Armored Division of the Armored Forces was finally completed after years of trials and tribulations, and the two motorcycle divisions used with the Third Armored Division were also completed one after another.

In the past few years, China's economy and national defense have entered a new level, and both the political axe and the ordinary people believe that the cause of China's rejuvenation has reached a new high, and it will not be long before China can rise again at the top of the world.

In such a scene of economic prosperity, China also entered 1929, even at the end of 1928, all walks of life in the country were still optimistic about the economic situation, and the Ministry of Finance made the 1929 fiscal revenue budget, predicting that the national fiscal revenue in 1929 would exceed the 4 billion mark. Insider's economic development department also predicts that China's major industrial data will continue to grow at a high rate next year.

No matter what type of stocks in the Shanghai Stock Exchange have risen sharply, and the price-earnings ratio of some stocks has even risen from about 10 times the normal level to 40 times or even 50 times, for example, when Fule Electric raised funds through the fourth additional issuance of shares, the shares issued rose from 80 yuan per share to a high of 350 yuan in just three days.

You must know that this price is absolutely inflated, although Fule Electric because of the commissioning of the Xin'anjiang Hydropower Station and the completion of the construction of the Yangtze River Delta high-voltage power grid, the Xin'anjiang Hydropower Station can generate electricity for the entire Pearl River Delta. But this kind of good news will never be able to make Fule Electric's shares increase more than four times out of thin air, you must know that when the additional shares were issued, Fule Electric was carefully calculated, and the price of 80 yuan was already a little inflated, but I didn't expect that just a few days after the issuance was up to 350 yuan out of thin air. This made a large number of Fule Electric and even Huaxia Bank executives drop their jaws and regret at the same time.

Then in January 1929, things happened unexpectedly, on Friday, January 18, 1929, the U.S. stock market crashed, and the stock price fell so fast that even the automatic display of stock quotes could not keep up with the pace of update, and in one day, countless paper wealth was evaporated in an instant.

The economic ties between China and the United States are close, China is not only the market for American industrial products, but also the United States is also China's main export market, accounting for more than 80 percent of China's total import and export, so when the news reached China, the stocks in China's Shanghai Power Exchange fell in response, and the extent of the decline was not much worse than that of the United States, and the stock of Fule Electric fell from the highest peak of 380 yuan to 60 yuan in one breath!

Almost overnight, three banks in China went bankrupt, more than 20 fund investment companies went bankrupt, and this situation did not stop in this small number of banks and fund investment companies, but spread rapidly, the bankruptcy and collapse of a few banks caused panic among the general public, the people queuing up to withdraw money are more and more day by day, and several banks with super strength are OK, but those smaller banks are soon in a hurry, after all, they cannot put all the money in the vault after absorbing the deposits of depositors, Instead, they would lend money, which usually did not have that much cash, and soon several other small banks declared bankruptcy, which only exacerbated the panic among ordinary people.

In less than a month, more than 30 small and medium-sized banks in China went bankrupt, and by this time, even the powerful Southeast Bank had secretly reported to the central bank that its bank was about to die, and it didn't matter if other small banks went bankrupt, but the Southeast Bank was one of the few major banks in China, and if it went bankrupt, it would be no less than a major earthquake to China's economy.

When Chen Jingyun saw these reports, he pondered for a long time before sighing: "This economic crisis is still coming after all!" ”