Chapter 292 Family and Country

Life in Zizheng Garden is calm, leisurely and interesting.

Aging is a process that everyone must go through, and it is also a person's ending, but for Hu Chuyuan, he is still very satisfied with his current life.

With the continuous return of his children, his life with his wife becomes more and more interesting.

Family.

That's it.

Hu Weizhong has become the minister of the Ministry of Economy, Trade and Industry and director of the National Assets Commission. Because it is the eldest son of Hu Chuyuan, his cabinet nomination was almost approved by a vote.

However, this is not a good thing.

With Hu Chuyuan's continuous aging, people's expectations for him are getting higher and higher.

Hu Weizhong's wife, Mei Xin, is an associate professor of law at Furen University. She usually spends more time at home. Most of the time, she walks with Hu Chuyuan in the yard.

Hu Weitang is a Brigadier General of the Army. He serves in the General Staff of the Army. At the same time, he serves as the new president of the National Institute of Military Industry. His task is to arrange the development plan of weapons systems in China according to the requirements put forward by the General Staff of the Three Armies, and is also responsible for those absolutely confidential new weapons development projects.

His wife is an assistant professor of military history at the Central Military University. He and Hu Weitang are classmates of Shanghai Tongji High School. They also study in Germany together. They have two sons and one daughter.

After receiving his doctorate in chemistry from the University of Bonn, Hu Weiting first worked in the Institute of Chemistry of Zhendan University. Last year, he also entered the National Tsinghua University as a professor of chemistry and served as the chief researcher of rocket combustion agent research in the rocket project of the National Institute of Military Industry.

Hu Weiting's wife is a very ordinary Zhejiang woman. The two met at the University of Bonn. Now she is a pediatrician in Yanjing Tongji Hospital. They also have a son and a daughter under their knees.

After graduating from Zhendan University, Hu Weixin began to help his mother Pan Limei run Zhihuatang Milk Powder Company. His experience in running an agricultural society in college made him gain a lot. He was very young, and he already had the precocious surname of Hu Chuyuan in business.

Although with the support of the Fukang consortium and the original foundation of Zhihuatang, he can become the king of domestic milk powder before the age of 30, and make Zhihuatang's milk powder, dairy products, jam and milk tea sell well all over the world, which is enough to show his ability.

Hu Weixin's wife is his junior at Zhendan University. She is very beautiful and intelligent. She usually stays at home to take care of the whole family, which is very popular with Hu Chuyuan and his wife.

Hu Weihui and her husband Sun Yufang run Zhongfu Company together, involving banks, petrochemicals, tire manufacturing, auto parts and other industries. She is in Tianjin and will come back to get together with her family on weekends. Her husband Sun Yufang is the great-grandson of Sun Jiayi. His surname is a little strange, but he is still with Hu Chuyuan, his father-in-law. Not bad.

Hu Weini continued to live in the United States, marrying a handsome man with special ability and charm, and dreaming of becoming the president of the United States.

Hu Weiya's life is not very smooth. The two show-off and luxurious celebrities' marriages are not happy. Last year, Hu Chuyuan went to the United States to take Hu Weiya back to China and live with her sister in Tianjin. Recently, she was introduced by Hu Weihui to fall in love with a diplomat in China.

Hu Chuyuan and Wu Shuzhen are very worried about this matter, but they can't see the result for a long time, and it's not easy to come forward. They can only keep telling their eldest daughter Hu Weihui to think of ways.

As the eldest daughter of the family, Hu Weihui is also very hard.

Hu Weisai's life in the United States has always been very good. Now he is the vice president and senior partner of Wanqi Group. He only comes back once a year and sometimes brings his family in the United States.

Because it is Hu Chuyuan's adopted son and nephew, and two famous sisters who are in the limelight, he is always noticed.

However, he doesn't like this kind of life.

He has been distressed and complained to Hu Chuyuan, but no matter what, life is life, but it is the best choice in countless helplessness.

Family is always very strange, with warmth, all kinds of strange comedies, and many unsatisfactory things.

As the national president of the parliamentary cooking system, Hu Chuyuan doesn't have many things to do. He spends most of his time living a peaceful life in the Capital Garden without interference from the outside world.

However, in these days, Hu Chuyuan has increased his work schedule. He not only frequently cares about the affairs of the Central Military University, pays close attention to those young officers who perform exceptionally, but also makes a series of adjustments to the national economic policy through Hu Weizhong's National Economic Commission.

The world economic crisis of 1929-1933 was called the era of the Great Depression, which can also be said to be a great destruction.

In five years, the U.S. banking system closed down by half, and total industrial production fell by 55.6%. Automobile production plummeted from 1.5 million to 120,000 every year before the outbreak of the crisis. The world's total industrial value fell by 40%, the world's total trade decreased by 2/3, and nearly 300,000 enterprises went bankrupt. Only the United States 17 million workers in the country are unemployed, accounting for 18.5% of the total population.

Once this economic crisis breaks out, it will certainly be an unprecedented disaster for a major exporting country like China.

After the gradual economic recovery of Britain, France, Germany, Russia and other powers, in the year of 1924, the Coolidge boom effect was inevitable. A large amount of dollar borrowing from the United States after the war has gained a huge increase in just a few years, making the U.S. economy, especially the financial and securities market, unprecedentedly complicated. Let's be proud.

In the United States, the proportion of installment loans in consumer loans has reached 74%, and consumer loans have also exceeded 40% of the total amount of loans.

Once the U.S. financial system goes bankrupt, Germany, which is completely dependent on U.S. loans, will first collapse, and then affect Britain and France, further spreading to the whole world.

It is impossible for Hu Chuyuan to control the U.S. economy, especially Wall Street, which also means that the world economic crisis will eventually break out.

Because the 1929-1933 world economic crisis was ultimately the legacy of World War I.

Hu Chuyuan did not make these things clear to Hu Weizhong.

Hu Chuyuan knows his eldest son very well. He is a good politician, upright, ideal and brave.

It is precisely because of this that Hu Chuyuan is not going to make it clear to him.

He said to Hu Zhenyuan.

Hu Xueyan is the first generation of founders of Fukang chaebols. Hu Chuyuan, Hu Zhenyuan, Hu Shiyuan and Hu Weiyuan are the second generation of people who have carried forward. Hu Shiyuan has already passed away, and others are also old. It is not too much to describe them in the rest of the years.

Nowadays, this big family is mainly maintained by the nine major third generations: Hu Weiqing, Hu Weirong, Hu Weijing, Hu Weichang, Hu Weizong, Hu Weikang, Hu Weichen, Hu Weilin and Hu Weixin.

The generation of their generation is "Wei", and the order is the same origin of Weiwen. Hu Weiqing is the eldest son of Hu Shiyuan's family. Now he is also 54 years old. He is the general manager of Guangji Pharmaceutical Company. His family is the most competitive, and he has four children of the same generation.

In order to be slightly different from the fourth master's family, Hu Chuyuan and Hu Pinyuan discussed in the early years that the third generation of their family used the word "Wei" as a generation, not behind, touching the front, that is, they are all called Hu Wei... what!

Hu Weicong is the eldest son of Hu Weiyuan, and his grandfather is He Jing. Now he is the general manager of CITIC Bank. He can be said to be the real powerful figure in the third generation of the Hu family.

Unlike several other brothers, Hu Chuyuan cares about the children and casually let them choose the careers they are interested in. Therefore, there are few children in his department who do business, only the eldest daughter Hu Weihui, the second son Hu Weisai and the youngest son Hu Weixin.

The relationship between Hu Weisai and Hu Chuyuan is not particularly good. Most of the time, Hu Chuyuan always feels that Weisai doesn't like the identity of the Hu family, and may also hate the relationship between his biological father Hu Pinyuan and his biological mother.

Vysay is still very pitiful.

For the sake of money, his biological mother didn't want him. In order to be a son-in-law and an official position, his biological father didn't want him either. He could only be fostered in Hu Chuyuan's uncle's family.

Hu Weisai returned to the United States at the age of 17, and rarely came back later. Every year, he just asked his eldest sister Hu Weihui to send some letters and greeting cards to Hu Chuyuan.

When Hu Weisai really had his own family and a few children, he gradually understood the difficulties of being a parent and understood the meaning of home. Only then did he return to China every year to celebrate the Spring Festival with his parents. By the way, he also brought Hu Chuyuan's grandchildren back and played with other cousins for a period of time to let them understand. What is the meaning of the whole family?

Life, nine out of ten people are unhappy. When you are old, you will gradually understand that life is actually like this.

People, just live like this. In the vast universe, there are not many more of you, and there are not many less of you.

Even if you are the most powerful person on the planet, if you die, you are dead.

Home.

In fact, it is a hope that life continues to pass down, an instinct of life.

At the age of Hu Chuyuan, at this stage, he was very open-sighted, and he could really understand these things clearly. He was even more open-sighted about the world economic crisis that was about to come... and he was unable to avoid.

The only choice he can make during this period is to accept it.

Or, he has lost the heroism and grandeur of his youth, and what remains in his body is a calm experience and stability.

Of course, he also knows very well that even if the world economic crisis comes, he can try his best to protect China from too much impact, protect this family, and protect the young, young and young children of this big family.

Crisis is a crisis, and depression is depression.

As long as Chinese children still have books to read, farmers still have land, even if there are a lot of unemployed people, as long as the political axe can ensure the distribution of relief funds and food, it doesn't matter. In the end... everything will eventually be restored.

Although Hu Chuyuan no longer has the right to manage domestic affairs, after all, he is Hu Chuyuan and the chairman of the Grand Duke Party.

According to Hu Chuyuan's intention, the central government has increased the construction of the national grain reserve center in China. The country's debt in France and Russia slowly shrinks. Among the country's foreign exchange ratio, the franc, the US dollar, the mark and the ruble continued to be lowered, and began to choose to increase its holdings of silver at a lower price and gradually increase the total gold reserves. .

Domestic monetary policy has begun to become conservative, and the national currency discount rate has increased slightly to 3.32%. For banks in China, they are strictly required to start gradually increasing their savings and reserve rates.

In September 1925, the question about the domestic securities trading center was finally concluded. The Hong Kong stock market merged with the Singapore Stock Exchange, and the Singapore Stock Exchange became the branch and regional trading and settlement center of the Hong Kong Stock Exchange in Southeast Asia.

In Maputo and Mata Autonomous Region, there are two new stock exchanges separately, which are generally subject to the Hong Kong Securities and Exchange Authority.

The Shanghai stock market continues to maintain a relatively stable status as a domestic financial center, restricting the free entry and flow of foreign investment, and not listing foreign companies, while the Hong Kong stock market is set up as an international financial center, allowing foreign investment to enter and exit under a relatively loose regulatory policy, and also allowing foreign enterprises to be listed.

With the overall financial and economic policies becoming more conservative, the growth rate of China's economy began to decline in 1926, the growth rate of exports to Europe and the United States weakened significantly, and the total import and export volume within Greater China increased.

On March 7, 1926, the Unemployment Protection Act and the Social Insurance Law were introduced in China to implement a comprehensive enforcement system for social insurance and integrate unemployment insurance and medical insurance into social insurance.

On March 14, under the regulation of the central government axe, the minimum hourly wage for industry and commerce in China increased to 0.22 yuan. Even temporary workers must get a minimum remuneration of 22 baht per hour. Child labor has been banned throughout the country, and young people under the age of 15 are not allowed to be employed in industry and commerce.

In the full implementation of relatively tough conservative economic policies, the domestic economic growth rate has further decreased, international capital has obviously flowed to Europe and the United States, and the U.S. stock index and London stock index are rising sharply.

Is there any capital overflow in China?

The answer must be yes. Large internal infrastructure and external lending made China have an obvious Coolidge effect in 1923. However, Hu Chuyuan scattered the Coolidge effect throughout the colonial system through a new round of large-scale state credit.

With the contraction of domestic financial policies, a large amount of domestic outflow capital has further flooded into the Singapore stock market and the international market, which has a significant push effect on the U.S. and London stock indexes.

By the beginning of 1927, the United States surpassed China to become the world's first creditor. China's claims in Britain, France, Russia, Italy and other countries were basically cleared and recovered, but the creditor's claims to the domestic colonial system and the economies within the Asia-Europe Union system continued to grow.

It was during this period that under the stubborn persistence of Hu Chuyuan and Hu Zhenyuan, the Fukang consortium's bottom investment in the European economy began to withdraw one after another. In the autumn of 1927, the huge amount of stocks held by the Fukang consortium in the U.S. stock market were gradually cashed out.

With the withdrawal of the Fukang consortium from the U.S. stock market and the increased counterattack by Morgan, Mellon, Rockefeller, Russell and other American consortium, the control of the Fukang consortium over the American consortium has also weakened again.

Excluding the basically invisible Fukang consortium, which is hidden behind more than 100 branches, the Taikoo consortium is the first consortium in Europe, Asia, Africa and Australia, and the Americas consortium is the largest consortium in North and South America.

Controlling the American consortium is to control the American economy in the hands. This is a crucial step for Americans who implement the policy of "America is the American" policy. To be precise, it is a crucial step for Americans who implement the policy of "America is an American" policy.

Under the leadership of Andrew Mellon, the new leader of the U.S. economy, the four major U.S. consortia have begun to increase competition for control over the U.S. consortia.

In the end, the Fukang consortium reached an agreement with the four major consortia of the United States, with the Anglo-Hutch Fortis consortium to join the Standard International, and the Wells Fargo Consortium, the Anglo-Hutch Fortis consortium and the American consortium jointly control the Standard International Group. As a compromise, the Fukang consortium gave up the battle for the controlling rights of the American consortium.

In October 1927, Fukang Consortium transferred 24.57% of the comprehensive equity of the American Consortium to the four major consortia in the United States.

After this transfer, the Fukang consortium cashed out $7.33 billion from the U.S. capital market, maintaining only 11.03% of the shares in the Americas consortium, and the privilege of the preferential purchase of the Bank of America's shares.

After cashing out, these funds are gradually withdrawn from the United States and exchanged for gold and silver in the international market.

Hu Chuyuan's choice is mainly to increase his holdings of silver assets, especially international silver futures. His goal to control the Standard International Group is to continue to control silver production and use this foundation to force silver to increase in value at a high speed during the economic crisis.

There are only two things in the world that will not be affected by the financial crisis, and will even grow in reverse, that is, gold and silver.

With the prosperity of the world economy, the exchange price of silver fell in the opposite direction again, and the exchange price of gold returned to the low point of 24.7:1. Although silver continues to fall, the Fukang consortium has begun to secretly increase its holdings of silver.

At the same time, the State-owned Assets Supervision and Administration Commission of China has also adjusted its investment direction, gradually emptying a large number of stock markets and land assets held in the United States, transferring capital to gold and silver, and withdrawing capital back to the domestic and colonial markets.

The BASF consortium under the Fukang consortium re-shrinked back to the Swiss region, gradually dispersed its equity in German assets, and was replaced by UBS to become the core bank of the BASF consortium.

In April 1928, the CITIC Consortium, the Anglo-H. Fortis consortium, the Sko Consortium, the BASF Consortium and the Wells Fargo Consortium under the Fukang Consortium began to implement a comprehensive contraction policy. In particular, the contraction of the CITIC Consortium and the Anglo-Dutch Fortis consortium had the greatest impact on the international community.

The CITIC consortium has 77 banking companies and 14 insurance institutions worldwide, especially in the Chinese colonial system and the Asia-Europe alliance system, focusing on CITIC, and large-scale agricultural cooperative institutions in more than 40 countries and regions around the world.

The Anglo-Dutch Fortis consortium owns the British National Westminster Bank, the Dutch Fortis Bank, the United Bank of Belgium, the Danish Credit Savings Bank and the German Commercial Bank.

The contraction of the CITIC Consortium and the Anglo-Dutch Fortis Consortium quickly produced a greater reaction in the international market, causing a lot of conflicts with the international financial system.

On May 14, 1928, with the first contraction of the entire Fukang system, the British London stock index suddenly fell. The scale was not very large, but it aggravated the tension in the capital market.

On May 17, 1928, with no warning, all the stocks of the New York Stock Exchange began to sell at full power, and the stock price plummeted, followed by sharp fluctuations in the global financial market.

In just three days, the total market value of the U.S. stock market fell by 30%. On May 24, the U.S. stock market sold 17.5 million shares in one day. The stock market fell sharply. The main 50 stocks basically fell by half of the original market value, and more small stocks fell completely below the issue price.

On May 29, the Bank of Portland in New York and the Fourth National Bank of New York went bankrupt, completely opening the tide of bankruptcy in the U.S. financial industry.

The whole financial crisis came a year earlier than Hu Chuyuan expected. Of course, this is inseparable from the contraction of the Fukang consortium.

With the collapse of the three major international securities markets in the world - New York, London and Hong Kong, the entire international financial world has ushered in an unprecedented dark era.

Because of the adoption of the austerity policy in advance, the Fukang consortium and its sub-consortia are relatively stable, at least they have not failed. However, in the global financial market, there are many banks, securities companies and insurance companies that have failed.

From May 29, 1928 to July 10, 1928, more than 60,000 companies in the United States have fallen into bankruptcy, more than 3,000 bankrupt banks, and more banks are about to go bankrupt.

So far, the relatively good situation is precisely China, France and the United Kingdom, and all three countries have a common feature - a large number of colonies, and the huge colonial economy makes the three countries have a larger reading relative to the international market, which can also produce a good buffer for the international financial storm. .

Of course, this buffer is only relative. With the economic bankruptcy of the United States and the United States, China, Britain and France will also suffer a huge impact, especially to major exporting countries such as China.

Whether from a private perspective or a national perspective, Hu Chuyuan knows that he must save the German economy at this time. For the United States, Britain, France and Russia, he doesn't care.

In September 1928, the German Labour Party finally reached more than half of the seats in the National Assembly. It continued to serve as Prime Minister from Friedrich Albert, who was transformed into the ruling coalition of the Labour Party, implemented the Labor Party's economic policy at home, and borrowed 4.2 billion yuan for domestic economic construction through an agreement with China.

November 1928. Under the auspices of Hu Weizhong, especially with the support of Hu Chuyuan, Congress quickly passed the National Economic Security Act and the 1929 national budget.

In 1929, the national budget temporarily increased to 7.24 billion yuan, re-added large-scale infrastructure, started the North-South Wugang Railway, and built a railway from Ulan-Ude to Hong Kong, and built the first bridge across the Yangtze River in China in Nanjing.

In addition, Wuhan will also build a second building at the same time.

China comprehensively promotes the construction of the national rural power grid, the national urban power grid, the national railway electrification, the popularization of national primary and secondary highways, the national urban transformation, the national water conservancy regulation and control project, the central and northwest region sand and drought prevention water conservancy project, the northern natural gas warming project, the loess plateau treatment project, and the western development. Ten major engineering projects.

In addition, for the entire colonial economies and the Eurasian Union economies, a total of 4.4 billion yuan of security loans were spent in two years to stabilize the colonial economy and increase the development of the colonial economy.

During the period of global economic turmoil, the Central Bank of China has significantly increased the supply of money expenditure, relaxed lending nationwide, and fully supported the construction of the national economy.

Like Germany, Italy, France and other countries, there is another good way in this period - to increase the expenditure of military industry and increase domestic employment and related commercial contracts through military orders, which will save a large number of enterprises.

In 1929, China's defense military expenditure exceeded 850 million yuan. The army will initially complete the first large-scale replacement after the end of World War I in five years, and basically the new weapons developed in the past decade will be gradually used in the army.

In the new military purchase contract, there are three aircraft carriers with different models and design ideas with a displacement of 22,000 tons to 28,000 tons. They are one each built by Jiangnan, Hyundai and Fuguo, with experimental surnames.

When it comes to aircraft carriers, the United Kingdom, the United States and France have one each, and there are also two test ships with different purposes in China. However, at present, it has not been invested as a key combat force, but has begun to accelerate in personnel training.

China has further accelerated the construction of a large agricultural economy, introduced larger subsidy clauses for farmers to buy agricultural machinery, and further promoted the economic policy of rich farmers, requiring the average farmland holding rate of farmers to exceed 30 mu/household.

The state has also increased its efforts in the construction of industrial and agricultural water conservancy. The construction of new reservoirs has exceeded 227 billion cubic meters, and the total length of new canals is more than 120,000 kilometers. It is expected to be completed within six years.

Among them, Xin'anjiang Reservoir alone has a volume of 10.3 billion cubic meters, and Miyun Reservoir has a volume of 4.3 billion cubic meters.

With the national construction of agricultural network and urban network, the installed capacity of the supporting thermal power and hydropower generation will also increase by 2.7 times within six years.

China is a colonial power and a colonial economic power. Only by ensuring the strength of the entire colonial economy can it quickly get rid of the shackles of the whole world economic crisis.

Therefore, in the new national policy, additional investment in colonial economies has become the most important measure, especially in infrastructure construction, of which the return rate is significantly higher than that of Africa in Asia, accounting for 47%.

In these areas, the country will greatly increase its holdings of treasury bonds, promote large-scale infrastructure construction in these countries, and ensure China's total import and export volume in the colonial system.

(to be continued)