"In addition to the Imperial Central Bank, Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China have been established one after another. These classified banks have their own functions and are responsible for providing loans to different industries. At the same time, the Imperial Stock Exchange has also prepared similarly and will officially issue a series of stocks such as treasury bonds to the outside world in April next year."

Yang Chengye turned a page of the report and continued: "As for industry, under the supervision of Xiaguan, major provinces are now carrying out vigorous industrial construction. At present, each Shangzhou has established its own large industrial zones. At the same time, Xiazhou is also establishing factories in Zhongzhou, Xiazhou. The number of factories across the country has doubled, which is a gratifying growth. As for the number of specific factories, Xiaguan has been included in the attached table."

Xiao Ming was flipping through Yang Chengye's report. When he heard this, he turned to the end. The more than thirty pages on it really recorded the name, type, and scale of each factory in the empire.

After roughly turning around, Xiao Ming smiled, and before he knew it, the empire's industrial capacity had been greatly increased.

However, during this period, many professional machinery factories have been established in Qingzhou, such as factories that specialize in the production of steam locomotives, bearing factories that produce bearings, bicycle factories that produce bicycles and tricycles, and motor factories that produce electric motors. It can be said that every time the research room led by Lin Wentao learned of a set of machinery, the corresponding factories would come out immediately.

Moreover, after these factories appeared in Qingzhou, they would soon spread to other prosperous prefectures and counties.

After talking about the factory construction issues, Yang Chengye reported on commercial construction issues, and it took a total of half an hour.

After Yang Chengye's report was over, Xiao Ming asked Song Changping, Chen Qi, Lin Wentao, Lu Tong and He Dong to report on the problems in their respective fields respectively.

Needless to say, He Dong and Lin Wentao have achieved achievements in internal combustion engines, cars, telephones, and telegrams. Although Lu Tong is low-key this year, he has done a lot of things, and has made good progress in the production of various basic chemical agents.

These things seem inconspicuous, but they are very important for the development of all walks of life.

As for the two arms experts, Song Changping and Chen Qi, they are upgrading and renovating the Han-style rifles and current guard artillery, and specific samples can be taken out tomorrow.

After asking about science and technology, Xiao Ming finally looked at Pang Yukun and asked him to give a general summary of all aspects of the empire. The annual political and court meeting ended.

"The emperor, according to statistics, the total income of the imperial industrial and commercial tax this year is 60 million golden dragons and the agricultural tax is 40 million golden dragons. In terms of taxation, the commercial tax exceeds the agricultural tax. The industrial and commercial tax has now become the main body of the imperial taxation. In the industrial and commercial tax, the taxes of the official factories and chambers of commerce account for 60%, which is the source of the main commercial tax."

After pausing, Pang Yukun said proudly: "In addition to paying taxes, the profits paid by the official factories this year are also very considerable, reaching 120 million Golden Dragons, and the profits paid by the Qingzhou Chamber of Commerce are 280 million. In terms of this year's war income, the Empire has 90 million Golden Dragons' inputs. These incomes mainly come from compensation and spoils in the occupied areas."

Among all the reports at the end of the year, Xiao Ming’s favorite report was Pang Yukun’s report, because at this moment he could clearly know the financial situation of the empire this year.

Speaking of the tax situation, Pang Yukun continued: "So far, the denomination of the golden dragon issued by the Imperial Central Bank has reached 9 billion, including paper money and gold coins."

Xiao Ming smiled satisfied when he heard this. From this number, he could tell that the tax revenue of the empire was normal.

"So this is the case that the empire's GDP has increased by about 3 billion Golden Dragons this year, right?" Xiao Ming asked.

Pang Yukun was surprised and said, "How did the emperor know?"

With a chuckle, Xiao Ming said: "I formulated the tax system of the empire. Basically, the total tax will be 16% of the annual GDP. I still know this in my mind."

Pang Yukun was shocked. He was already looking up at Xiao Ming, but he found that the more he contacted, the more he could not surpass the emperor in front of him. He said, "The Emperor is wise."

Then he said: "Compared with last year, the popularity of power plants has greatly increased the production capacity of factories, which is also the reason why there are so many taxes this year. Under the rule of the emperor, the people of the empire have become increasingly rich. Although the empire has opened up many markets overseas, most of the goods produced by the empire are still digested by the domestic."

"The market of the empire is the biggest cake. There is no doubt that at the current growth rate of imperial industry, the domestic market will be saturated within three years, and the overseas market will become very important at that time." Xiao Ming said.

As soon as he finished speaking, Li Kaiyuan stood up at this time. He said: "The emperor, only with the experience of doing business overseas during this period of time, even the rest of the world's total market may only be equal to the empire. Their consumption capacity is too poor and they cannot afford to buy empire's goods at all. In the long run, the empire's industry will inevitably encounter a bottleneck."

"You're pretty accurate." Xiao Ming said lightly. In this era, the world's population is limited.

Moreover, most of the population is in a state of self-sufficiency, and they have no demand for many industrial products at all. For example, Japan, the Philippines, India, Indonesia, Africa and other places will not buy imperial bicycles, and even Europe is not affordable.

If you want people in these places to buy bicycles, you have to make the place rich, and these classes need to buy bicycles.

To achieve this goal, cultural infiltration is required, so that these regions can take the fashion of the Chinese Empire as fashion, simply put it as the cultural influence of the empire.

"If you want to break this cage, you can only rely on the empire itself. Other countries have no demand, so we create this demand. If they can't afford it, we will make it afford it. Next, the empire's colonial strategy will be more elegant."

"Elegant and elegant." All the ministers looked at Xiao Ming.

Standing up from the dragon throne, he said: "Collection is not only one way of force. Cultural colonization and economic colonization are all colonizations. The empire can now completely transfer heavily polluted industries overseas and at the same time build its own sphere of influence by implementing cultural exports."

While speaking, he looked at the gray sky in Qingzhou. The industry in the steam engine era required a lot of coal to burn, which made Qingzhou's green mountains and waters go away forever.
Chapter completed!