Chinese Premier Soong Jiaoren feared that the government would not be able to provide relief and stimulate the economy through work, while President Dawes had become an ant on a hot pot in the United States, which had been hit hard across the ocean, and was worried and restless all day long. But similar to China, U.S. finance and the right to issue dollar notes are controlled by private bankers, and the U.S. government is just as unable to issue more money than Wall Street ultimately agrees to ensure that their deposits do not shrink.

The only way Dawes can think of this is to raise tariffs and reduce imports to increase domestic employment, but such an approach is bound to provoke retaliation from other countries and eventually lead to a trade war between countries around the world. Another way is for other countries, especially China, to increase imports in order to stimulate the US economy and increase employment, which is actually the ultimate goal of the US delegation's visit to China, but the situation is not as optimistic as ...... previously thought.

Two weeks before Christmas, the delegation returned to Washington, Dowles immediately summoned Commerce Secretary Herbert Hoover, hoping to hear some good news from him.

"Mr. President, although our friends strongly recommend that Chinese Premier Soong Jiaoren implement fiscal easing and formulate a $4 trillion package to stimulate the economy......"

“What？！” President Dawes and Secretary of State Stimson and others attending the meeting were shocked on the spot, four trillion ah, praise Jesus Christ, the Chinese have been possessed by God, and the United States is saved!

"Sorry! Mr. President...... "Hoover quickly wiped his sweat, he didn't know what's wrong, four billion is always said to be four trillion." "It's four billion, four billion Chinese dollars. However, this plan was not approved by the Chinese premier, and according to our friend Mr. Ma Yinchu, who is the de facto controller of China's Ministry of Finance, the prime minister is worried that if he proposes this plan, he will be impeached by the National Assembly, and the current prime minister's cabinet is likely to collapse. ”

"Maybe it's a good idea to start the printing press." The $4 billion package is also staggering. At least 20 to 30 percent of this $2 billion investment will be imports of American goods, which is equivalent to $400 million to $600 million in export business. Mr. Mellon immediately came up with a golden idea that could not be achieved in the United States.

"Yes, Mr. Mellon, that is indeed a solution. But the power to issue notes is not in the hands of the Chinese government, but is controlled by the State Bank of China, which is somewhat similar to the German Bundesbank, which was formed by the merger of 19 provincial banks and four banks in the Northwest, Mongolia, Kwantung and Overseas Chinese Merchants. Although we don't know the exact shareholding structure, it is clear that the government cannot order the National Bank to start the printing press. Hoover explained that he felt that the entire cabinet did not seem to know about China at all, except for himself.

Hearing that the Chinese do not make large-scale investment, President Dawes said with some disappointment, "It seems that the hope is not in the Chinese." ”

"Mr. President. The Chinese are already preparing to build the Eurasian Canal and the Northeast Water Conservancy Project, with an investment of more than $300 million, and the Chinese Inspectorate just passed a government procurement plan before we returned, involving more than $200 million, of which at least $150 million is estimated to go to the United States. ”

Since he went to China, Hoover must bring back some achievements, otherwise it will violate his reputation as a China expert, but Treasury Secretary Mellon does not see it that way. He smiled indifferently: "Chinese will only purchase raw materials, which is not what we expected......"

"Nope. Mr. Mellon. Hoover shook his head with a smile, "This time the purchase is mainly industrial equipment, and under our kind advice, the Chinese government is aware of the backwardness of its industry, and they are willing to purchase a large number of American equipment at this time to improve their industrial capacity." That's right, Mr. Mellon. Your joint engineering and foundry company would have a business of about $20 million or 30 million if it wanted to -- several Chinese aluminum companies wanted to buy a big stick and wide rolling mill. ”

Two or three million dollars in business to make Andrew. Mellon's heart was beating faster and his face was flushed, but when he heard that it was a big stick and a wide rolling mill, his face immediately returned to normal, and he said proudly: "This is impossible!" A state-of-the-art rolling mill that has just been developed. Even Alcoa has not been installed, and once sold to the Chinese, then their military potential will be greatly increased. ”

"Sir, if we don't sell, then the Germans or the British, or even the French will find a way to sell the mill to them." Hoover stressed, "There are also hydraulic presses, and the Chinese also want to buy hydraulic presses, at least two." German Krupp company, their representatives have been active in Beijing, if we do not participate in the Chinese procurement bidding meeting and actively participate in the bidding, then most of the 200 million US dollars of orders will be obtained by German Krupp.

Gentlemen, China's procurement is not necessarily just for itself, this procurement plan has added a lot of equipment that Russia needs, and they are holding a tender meeting with the Chinese to jointly procure. We cannot afford to remain indifferent to this and lose this opportunity. After the economic crisis, the only countries in the world that could make large-scale purchases were China and Russia. Without diplomatic relations with Soviet Russia, perhaps it would be a good option to sell goods to China as an agent. ”

Due to political factors and arrears during World War I, the United States and the Soviet Union have never established diplomatic relations, and the Russians for some reason have turned to China for their five-year plans.

However, while Dawes, Mellon, and others gradually nodded, Secretary of War Patrick . J. Hurley coughed, and he asked unhurriedly: "Herbert, there is news that the Chinese and the Bolsheviks are plotting to divide the world, and there is also news that Chinese scientists are working on a secret weapon, did you inquire about these news during your trip to China?" ”

Hurley, who had a bachelor of law degree, had joined the Expeditionary Force as an artillery officer during the war in Europe, and then joined the Sigmachi Brotherhood, eventually becoming Minister of War in the current President's Cabinet. Although his status has jumped, his thinking is still the same - he is extremely concerned about the conspiracy theories of the stalls, and the content of what he says is not different from the Fu Manchu series written by the English novelist Lomol.

Hoover wanted to laugh, but seeing that President Dawes and Secretary of State Stimson were looking at him very solemnly, he had to hold back a smile and said seriously: "Mr. Hurley, I didn't hear of such a conspiracy, at least not this time." Just like Japan just needs to be wary of us. The only thing China is wary of now is Soviet Russia, which signed the Petersburg Peace Treaty more than a decade ago, but it is not much different from the Brest Peace Treaty.

Because of this, the Chinese army, especially the army, retains an elite force of more than 100,000 troops in the north, including the northeast and northwest. In Kannai, which is what we call the China headquarters. In order to save money, the army was not fully staffed at all, and each division had only about 3,000 to 4,000 men; The number of police and tax police has also been greatly reduced due to the stability of law and order and the reduction of taxpayers; Most of the Navy's shipbuilding programs have been curtailed or temporarily suspended. The Chinese seem to want to spend every penny on industrial investment, and I don't think they will join forces with the Russians to divide the world. ”

"But there is a clear disproportion to the number of troops in their budgets." Hurley insisted, "In the annual budget of the Chinese Inspectorate, the military expenditure of more than 400 million Chinese yuan is obviously not commensurate with the size of China's current army, and although we cannot estimate how much China's armored divisions need each year, I still feel that the Chinese are hiding something that we do not know." ”

Although the budget of the Chinese Prosecutor's Yuan is not publicly announced. However, it is not difficult to obtain this information that is not too secret, and both Hurley and the Army Staff believe that there was a serious overestimation of China's military spending last year and this year, and the overestimated amount is as high as 200 million Chinese yuan a year, and the whereabouts of this money are extremely worrying.

"Mr. Minister, China is a semi-democratic and authoritarian country, and the influence of the Xungui clique in domestic politics is very huge, and it is obviously incorrect for us to just calculate the expenditure of the army. Also, as far as I know. The Chinese Government is very concerned about the families of martyrs and military personnel, and the costs in this regard are extremely large. Gentlemen. In such a country, it is difficult to spend every penny of military spending on the military, and it is likely to turn into a Cuban cigar or a generous tipping in the Eight Great Alleys. ”

"Moreover, our army does not have an armored division, and it is not clear how the Chinese armored divisions are organized and trained." This is where China spends the most on its military. But in my opinion, even if the Chinese took most of the money to build tanks, there was no harm to our interests. The Philippines and Chinese mainland are separated by a vast ocean, can the Chinese armored division rush across the ocean to Manila?

In Colonel House's view, it is in the interests of the civilized world that China and Russia are at odds with each other. We should not be worried about the increase in military spending of the Chinese army and air force, we should be worried about the increase in military spending of the Chinese navy, but on this visit I made a special trip to the Jiangnan Shipyard and Nanjing Shipyard, the largest shipyards in China, where the docks are overgrown with weeds and the workers are mostly producing Chinese containers......"

As soon as Hoover said weeds, everyone in the meeting laughed, and everyone was glad that it was separated from China by two oceans, otherwise more than 500 million yellow people would drown the entire United States. Now, as long as China and Japan are restrained in the navy, and the security of the Philippines and the Pacific islands is ensured, then the entire civilized world will be safe.

After everyone laughed, Secretary of State Stimson, who did not fully agree with Hoover's view, said, "Herbert, I think the most important thing to worry about is not China's military spending, but China's industry." Around the world, cheap and high-quality Chinese goods are grabbing various markets, and many people are worried that Chinese goods will eliminate American goods......"

"Nope! Mr. Stimson, this can't be! Hoover confidently said: "Maybe Chinese goods are really cheap and high-quality, but their production efficiency is extremely low." The price of quality is inefficiency, and the root cause of the cheapness is that Chinese workers earn only one-thirtieth to one-fortieth of American workers. For the average Chinese family, with an income of $10 a month, they can live comfortably in any city except Shanghai, a high-spending city. ”

"That is, if China is allowed to develop its industry, then in a few decades their low prices will completely defeat us?" Treasury Secretary Mellon asked if he was the majority shareholder of Alcoa, Gulf Oil and United Steel, and he was most worried about competing with Chinalco and Benxi Special Steel.

"It's a pity, but it's a possibility." Hoover reluctantly said -- even though the habitual contempt made the US delegation fail to see clearly the advanced nature of China's production model, the potential contained in China frightened every member of the delegation. At this time, China was very much like the United States in the early years of the Civil War, with most of the population engaged in agriculture, but in time, fifty years from now it would have built a larger industry than the United States, and by that time it would be questionable whether the civilized world would still be able to rule the world.

"I see!" Andrew. Mellon, as always, remained unmoved. This was what he expected. It's just that it's just affirmed again.

"All right, gentlemen. I think the trip was fruitful, and I think that American companies should actively participate in the Chinese government's bidding to get the majority of the orders. Dawes made a decision after Hoover's briefing, and then. He remembered another thing and asked again: "When will the bidding for the Chinese end?" ”

"It should be before next fall." Hoover said. "Of course, this is only some specially made large equipment, and some small equipment will end the tender in the spring."

"It looks like we're going to have to raise tariffs next fall." Dawes looked at Arthur, Minister of Agriculture. Hyde. Agriculture is one of the hardest hit sectors of the current U.S. economy, and even so, foreign produce continues to arrive in the U.S.

"Preferably in the summer, Mr. President." Minister of Agriculture Arthur. Hyde emphasized. "Only in the summer will there be no large-scale influx of foreign agricultural products into the country, which will make the agricultural crisis worse."

"I'll definitely think about that carefully." Dawes thought of the tragic state of agriculture. I had to nod my head heavily......

The White House presidential cabinet meeting discussed relations and trade with China and decided the policy of the current presidential term. In the Pratt Building, another meeting is taking place, and it can influence more than just the decisions of the current president, and the decisions that come out here will change the world.

"Gentlemen, because of my experience in Germany six years ago, I don't like the Chinese." One side of the large round table. Banker Otto. Herman. Karn coughed and spoke, though he kept coughing. But he was still smoking vigorously with his pipe in his mouth. "They were placing large orders to German companies that were on the verge of bankruptcy, and our acquisition plan was not completed. Only 4,300 German companies were acquired, instead of 4,600 as originally planned, and although only 300 companies were lost, they were extremely valuable, and even worse. This gave hope to the Germans.

I don't think anyone wants to enjoy a steak and a fly suddenly flies over and pulls a bunch of fly poop in the corner of the steak. Including now, I know that Chinese are very cautious in everything and do not want to disturb anyone's meal, but flies are flies. It's always going to be flying around the restaurant and affecting our ......"

"No, Mr. Kahn, the Chinese just happened to order goods in Germany, and if we could inform them in advance, such a thing would not happen." At the top of the round table, John. Davidson. Rockefeller interrupted Otto's words. The interests of the Rockefeller family have been deeply rooted in the Greater China state, and now he also has oil fields in the Caspian region and Nanyang.

"As far as I feel, the Chinese keep the contract, they are not hostile to Christians, but only to the vulgar yellow people who only envy the United States but do not believe in Christianity. China's laws don't completely restrict foreign capital, it's just that local traditions are completely different from those in the United States, but what does that matter? The purpose of investment is profit, and as long as the profit can be obtained, it is not unacceptable for the factory to hire Chinese and manage it completely in accordance with the Chinese way......"

"Mr. Rockefeller, lifetime employment is completely unacceptable!" The conversation went back to Henry, the bottom of the round table. Here Ford, "This is the evil system, and accepting it will only bring incalculable damage to American factories!" Moreover, this is completely against God's will, the Chinese factory is simply the devil's factory, the hard-working workers are whipped and tortured by the foremen, and even the workers are forced to stay on the shop floor after work, and their daily wage is only one-fortieth of that of American workers, and they have to ......"

"Mr. Ford, I remember saying one in the thirties." Paul on the Rockefeller side. Warburg laughed, also smoking his pipe and spewing smoke into the air.

Wall Street, Paul. Warburg's influence was huge, and as soon as he spoke, Modiser on the side. Schiff and the others also laughed out loud. This made the abbot of the council John. William. Davis had to speak: "Mr. Ford, in more than 100 countries in the world, American workers have the highest wages, and we cannot call on the people of a country to be hostile to that country just because the workers are underpaid, which is against God's will and does not conform to the rules of the civilized world." ”

"You may be right, Mr. Davis, but this country has more than five million square miles of land, 530 million people, no one can count but is extremely rich in mineral resources, there is an evil civilization that has been passed down for a long time, and there is a political system more efficient than that of American democracy; With a powerful maritime ally like Japan, a shipping route to the Mediterranean, and a formidable industrial and technological rise that will conceivably surpass the United States as the world's largest industrial nation in a few decades. At that time, will we still be able to sit here so peacefully? ”

Henry. Ford, who had been silent since his visit to the Dalian auto factory, did not return to Detroit immediately after returning to the United States, but asked Chairman Davis to convene a meeting, and then waited patiently in New York for the Foreign Relations Association bigwigs to arrive from all over the country, and he had too many feelings to share with the rest of the association.

"Now, she may be a poor country, but her industrial potential is unparalleled. Maybe in less than 20 years, the overseas market for American goods will be completely robbed by her, and in 40 years, the world's financial center will not be New York, but Shanghai. Gentlemen, please don't look at me in such amazement, when I see those different styles of cars coming off the same production line, I instantly have such a premonition, this is a revelation from God.

I'm not worried about Chinese cars competing with Ford, because they only have a very small share. The same is true of their navy, which is only a very weak one compared to the rest of the world. But this is precisely the cleverness of the Chinese, who do not want to anger anyone, irritate anyone, they just want time. With enough time, China will naturally develop into the world's largest industrial nation; With enough time, China will naturally be able to accumulate much more wealth than we do; Again, given enough time, the Chinese fleet will cover the entire Pacific Ocean. Gentlemen, we must do something! Just like with Argentina, something has to be done! ”

Henry, who is not good at words. Ford's remarks deeply touched the participants, but it was not at this time that everyone considered the China issue, and before that, when the Paris Peace Conference was preparing to establish the Association for Foreign Relations, the China issue and the Sino-Japanese alliance were the monthly topics of the association.

For such a giant country, the best way to do it is to break up the Sino-Japanese alliance and then win over Japan, even if there is a war, it will only be a naval battle of equal strength. The only thing to worry about is the submarine forces of the Chinese, but the only thing that submarines can harm is Japan.

"Mr. Ford, China is not an Argentine ......," Davis, president of the association, reminded. It's not that we're not doing anything, it's that the time hasn't come yet. For the current China, it is no longer possible to find a way from within, and after they established the state religion, the defense of the fortress has been strengthened to the greatest extent.

In addition, they have a magical wizard like Satan, a great leader comparable to Washington, and if either of these two people did not die, the country would be as hard as granite, impossible to crush, impermeable, and impossible to subvert. Charles. Mr. Holland's research suggests that if Yang cannot be defeated ideologically, there is no possibility of the stone being broken; Mr. Toynbee of the Royal Institute of International Affairs of the United Kingdom decided that Young's theory was difficult to defeat because it was God's will, but it was described by Yang in the way of the reincarnation of civilization. The only way to defeat China is to wait for them to make mistakes. ”

"And what if the Chinese don't make mistakes?" This time it wasn't Henry who asked. Ford, but the financier Paul. Warburg.

"No way, as long as it's human, you will always make mistakes." Davis affirmed. (To be continued.) )