China's series of dazzling economic and military actions are like a combination of punches to quickly hit the ground, and the speed is simply dazzling. When the US realizes that something is not good, they rushed through diplomatic channels to express their preparations to make concessions on the SAL matter in exchange for China's compromise and calm the situation, and attempt to prevent China from significantly reducing its holdings on US debt to temporarily stabilize the domestic financial situation and ensure that the domestic economic situation is not seriously disturbed by this sudden financial change.

However, China's economic war plan, which had been prepared for a long time, is no longer moved by the US's compromise, but is implemented one by one, and has no chance to breathe.

It is precisely because some domestic forces have too many conflicts with the interests of the US, and it is difficult to guarantee that there will be no cents in the Politburo. For the sake of their own interests, Vice Premier Wu's economic war plan has always been in a highly confidential state. During the planning process of the entire economic war plan, only No. 1 and 2 and his confidant people around him can know it, and keep it confidential to the greatest extent possible.

In this way, Vice Premier Wu won the Politburo meeting in one fell swoop when the time was right. Chief No. 1 and Chief No. 2 took the lead in expressing their strong support for the plan. The unprecedented victory on the battlefield has made Chief No. 1 famous in history. If he can win another game economically, Chief No. 1 will go further in the history of the Chinese nation and enter the ranks of great men. Therefore, when Vice Premier Wu found him with this plan, Chief No. 1, who carefully calculated the feasibility, let Vice Premier Wu do it.

The move of the No. 1 and 2 made the Politburo bosses who were kept in the dark before have only echoed in a hurry. Although the interests of some people will be greatly lost due to Vice Premier Wu's plan, there is no way at this time.

Vice Premier Wu officially presided over this battle without gunpowder under the authorization of Chief No. 1. Through the Central Economic Working Committee, he coordinated the implementation of this plan with a huge impact, coordinated the economy, trade, diplomacy, national defense, media and other aspects, and launched various actions that had already been prepared in steps according to the plan. Therefore, when the US finally reacted, China had quietly completed the entire deployment.

Although this war in the economic field was not smoke, the thrilling part was no less than the close fighting on the battlefield. During the negotiations between various negotiating groups launched by China, it was a behind-the-scenes competition with the US side, which was trying hard to complete the economic and trade agreements.

With the signing and taking effect of the bilateral RMB settlement trade agreement, China has officially begun to reduce its holdings of US debt. On the one hand, China has used these huge capital to increase its holdings of European debt, and on the other hand, it has begun to invest in countries that have signed bilateral free trade with China, and has begun to fulfill its promises during the negotiation process, allowing funds to flow into countries in Asia and Africa that urgently need foreign funds to invest in infrastructure construction and resource extraction and processing industries.

China is the largest holder of US debt. This sudden large-scale reduction in US debt has seriously affected the information of international financial giants on the US dollar and began to shake the dominant position of the US dollar in international economic and trade. As one rises and the other goes down, the international financial market's recognition of the euro and the RMB has begun to significantly increase. Many countries have begun to actively plan to include the RMB in their foreign reserve plans. According to this trend, the RMB will soon replace the position of the Japanese yen and become the third largest international currency in the world.

More importantly, after widely using the RMB to settle the local currency of the contracted country, the settlement method of bilateral trade has been greatly simplified, and the cost of the intermediate currency conversion process has been reduced, and the purchasing power of the contracted country has been enhanced. These make China's daily industrial products more cost-effective than before.

In particular, domestic home appliances have undergone significant upgrades after adopting SAL's Ark platform, allowing home appliances to enter the era of real intelligence. SAL's Ark platform is currently only sold to domestic companies. Therefore, in the competition with the largest competitors of Japan and South Korea, Chinese companies not only have a cost advantage this time, but also have technological advantages for the first time.

Although there is still a big gap in brand, due to the existence of a giant enterprise with an international reputation like SAL, the international status of domestic industrial products has been gradually increasing in recent years and the market share has been expanding. Therefore, under the stimulation of a more preferential bilateral trade agreement, the trade volume with each signing country has increased significantly. In this way, as Sino-US trade, Sino-Japanese trade, and Sino-India trade shrink, China's total foreign trade volume still rose after being temporarily affected.

This made Vice Premier Wu, who was commanding the entire economic battle, breathed a sigh of relief. This economic battle, with currency as its main combat weapon, achieved a temporary victory in the first round.

However, Vice Premier Wu did not dare to relax, because the battle was far from over. In order to ensure a relatively balanced trade with the contracted countries, China has to consider that it has almost equal imports from these countries while exporting large quantities of high-quality daily industrial products.

It is easy to say between the EU, CIS and other countries, but the two sides have relatively strong complementarity in the economies, but for most Asian and African countries, there is not so much worth importing from China. Therefore, the second step in Vice Premier Wu’s plan is to carry out large-scale resource development for these countries.

Relatively speaking, compared with developed countries in Europe and the United States, China has been late in this field for nearly a hundred years, and has only now gone out to participate in the development of world resources. Both the difficulty and investment are too far from that of Western countries. What remains for China at present is Africa, which has constant wars and Central Asia, which has relatively less developed infrastructure.

To develop local specialty commodities and resource products of these Asian and African countries to meet the needs of domestic imports and at the same time, bilateral trade has shown a virtuous cycle of synchronous growth in imports and exports. This project is so big that it is ten times more complicated and ten times more troublesome than the development of the East China Sea and the South China Sea.

Because the countries left to China to wait for development of resources are all extremely poor areas in the world today, and they do not even have very basic infrastructure. Transportation, communications, energy, etc. are all scaryly backward. It can be said that the resources left to China to develop are useless for large Western companies.

But this is the actual situation we are facing. Due to our current military and economic forces, we cannot share global resource feasts and provoke wars to grab those resources that are easy to develop, so we can only develop in places that Western countries still look down on.

However, Vice Premier Wu looked at the huge capital demand figure calculated in the plan and couldn't help but turn his head blank, sighing, "One trillion?! Where can I raise this money?" In the capital, Vice Premier Wu and his staff tried their best to find a feasible solution.

Now the large amount of fiscal expenditure is tilted in the military aspect and can no longer rely on national team investment. On the other hand, private capital has just experienced huge fundraising for the East China Sea development and the South China Sea development. In addition, the attractiveness of this African development is far from being as insured as the East China Sea and the South China Sea oil development, so the path to raise funds from the public will obviously not be able to be completed in the short term.

A huge financial problem lies in front of Vice Premier Wu, which is directly related to the success or failure of his entire economic counterattack.

(There is another chapter later!)
Chapter completed!