If the population of the British colonies is included, then the population of the Third World Union is indeed smaller. But in terms of population quality, those British territories are colonies, and Britain cannot let the colonies develop. The colonies themselves are full of predatoryness. Therefore, the population of these colonies is generally poor and has not fully utilized the value of labor.

The Third World Alliance was composed of a backward country without colonial plunder. It was later lagging behind. However, as China exported higher productivity technology to the alliance member states, the value of labor began to fully exert its labor value.

In 1924, the Third World Alliance's total economic output reached 450 billion Asian dollar, among which the South Ocean Republic and Kokang counties developed the fastest, followed by Russia. However, because Russia is large in area and has more population than the South Ocean Republic and Kokang counties, the total economic output ranks behind the South Ocean Republic and its total production is the third largest member states in the Union.

The 360 ​​billion yuan GDP of the Chinese Empire is actually inaccurate, because the Nanyang Republic and the Kokang County were not included.

These two countries are actually a province of the Chinese Empire. Their laws are basically the same as those of the empire, but they are nominally a country.

Russia's economic development is currently rising rapidly, mainly due to the prosperity of real estate.

This made the Chinese national capital make a lot of money in Russia, and just selling land.

Before stimulating real estate, Chinese national capital businessmen shared news, so they bought a lot of land in advance. After stimulating real estate, they immediately achieved high returns.

Russia's land and house prices continued to rise under the storm, but its economic development speed was still not as fast as the South China Republic.

As part of the actual part of the Chinese Empire, the Nanyang Republic also began to enter the development route of overdraft consumption. Moreover, the Chinese Empire continued to immigrate to the Nanyang Republic and invested a lot of money in the Nanyang Republic for construction. At this time, the development baton was handed over to national consumption and investment. In terms of enterprise and individual investment, the Nanyang Republic had great advantages and had always been a magnet for investment.

In addition to rich agricultural resources, the Nanyang Republic also has many mineral resources and very rich tourism resources. It has convenient transportation and is suitable for the development of manufacturing, both light and heavy industries can be developed.

Russia has always been weak in light industry, and the heavy industry it develops is not technical to a certain extent, and technical things must be imported from the Chinese Empire.

After years of development, the South China Republic has basically been almost completely cleaned up.

At the same time, the Nanyang Republic used the free labor force of the natives to build nearly 20,000 kilometers of railways, making transportation in the Nanyang Republic very convenient.

On this land with rich resources, the Chinese have built a very beautiful home, with exquisite villas and buildings everywhere, and the environment is very pleasant.

When it comes to clear weather, this place is simply a paradise on earth.

In the Kokang County and the State, it also developed very rapidly. The natives of Myanmar are currently getting along well with the Chinese. The Chinese Empire completely abolished the Myanmar writings, and all schools teach Chinese characters. Continue to implement the policy of moving south.

Many Burmese natives have also begun to regard themselves as Chinese, which is a very normal tendency. After all, the Chinese Empire is currently a powerful country. Its national status is very high in the world, and becoming a citizen of the Chinese Empire can enjoy many welfare policies.

The economic development of the Kokang County and the State was also very rapid. After several years of official crazy construction, the road was basically smooth.

Southern Myanmar is the same. It has not developed much under the British colonial rule. People's lives are still very difficult and material wealth is very scarce.

In fact, economic development is a relationship between a chicken and an egg.

Colonial governance means slaughtering chickens, so there are fewer eggs, and there are fewer eggs.

Overdraft consumption is actually to take the future eggs to the present and hatch them into chickens, and then lay the most eggs at the fastest speed, thus forming a development inertia.

It is obviously impossible for British colonies to develop in this way, because when the colonial economy develops to a certain extent, it will inevitably be awakened by the colonial tribes, resulting in constant resistance, which greatly harms the interests of the British colonial rulers.

As for the United States to implement the development model of overdraft consumption in these countries, it is difficult for them to implement the development model of overdraft consumption in these countries. First of all, the borders always exist. Britain and France are all countries with the main ethnic groups. At present, only Germany and other defeated countries have allowed the entry of the United States international capital, and only Germany is implementing the development model of overdraft consumption.

Like Japan itself, there are major civilians. However, Japan has also begun to implement the development model of overdraft consumption.

The rest are the problems of Britain and France. The development model like the United States is indeed not easy to implement in Britain and France. This must be presided over by the political governments of Britain and France, but this is not in line with the interests of international capital.

But at this time, the United States had to pay attention to the development of the Chinese Empire, or the development of the entire Third World Alliance.

The Third World Alliance has also begun to see an investment boom and is also carrying out a development model of overdraft consumption. If the United States does not catch up with the population, then the total economic output will one day be surpassed by the Chinese Empire.

In fact, it has surpassed it.

However, in terms of alliances, the economic aggregate of the Third World Alliance is still less than that of the alliance between Britain, France, Japan and the Soviet Union.

But the gap is not too big, and the distance is constantly narrowing.

At this time, the United States saw that the Chinese Empire began to develop in the model of overdraft consumption, and also began the development of overdraft consumption in the British, American, Japanese and Soviet Union. 1925 was the sixth year that the United States adopted overdraft consumption to develop. The US economy was indeed prosperous, but the US economy was far from leaving China due to population problems.

Although in the eyes of the United States, the U.S. economy is greater than China, in fact, China's economy has already surpassed the United States.

In the five years after the war, the Chinese Empire truly established a rapid development, which was a development model driven by government funding.

In five years, the Central Government and local governments of the Chinese Empire were both heavily in debt.

With the investment boom in private capital, the Chinese Empire had been suffocated in 1925. In 1925, the tax revenue of the Chinese Empire doubled to reach 50 billion Asian dollars a year.

In order to repay the due debts, the Chinese Empire's fiscal budget model has changed.

In previous years, the Chinese Empire used the annual income to use next year. In 1925, in order to repay the debt, all the fiscal revenue in 1924 was used to repay the debt. The budget for 1925 would use the fiscal revenue in 1925.

Even so, the Chinese Empire's finances are still very healthy and have no deficits, but they cannot be said to be rich.

In order to repay the loan, the Empire reduced a lot of construction projects, but there were still many projects that had to be built.

All of those for-profit projects are left to private capital for construction.

Due to the large number of engineering construction and the support of prosperity of domestic demand, and the empire's increased personal income tax collection, the empire's fiscal revenue soared to 50 billion Asian dollars.

Such high taxes are still very small compared to the money owed to banks and citizens, but the money owed is not all paid off in one breath.

Moreover, the Imperial Finance is supported by the East China Group, and life is still pretty good.

However, East China Group's life is not so good, at least for Xia Jun. East China Group has allocated a large amount of funds to the government for use every year, which makes Xia Jun have to use a redemption platform to support it in many aspects.

However, it is an indisputable fact that East China Group's profits continue to rise. Since many areas are monopolistic operations, the average profit has reached 35%.

The East China Group's production accounts for 60% of the total national economy and a large number of products are exported, which makes the East China Group's profits even higher by the government's taxes every year.

At this time, the Imperial Government had basically passed the stage of building with its own investment, so the East China Group's financial support to the Empire began to be reduced to a normal amount.

In 1925, the profits of the East China Group also increased greatly, and its assets increased by nearly 100 billion Asian dollars. The amount paid to the Imperial Finance Ministry was 20 billion Asian dollars. It retained most of the amount as a development requirement, and the pressure on Xia Jun was greatly reduced.

Even if it is 20 billion Asian dollars, if it is distributed to each citizen, one person can get 40 yuan, which is enough to share the expenditure on medical and educational for the empire.

The Empire has been very generous in the infrastructure of education and medical care for years. It has been built for seven years after the unification. Medical facilities and educational facilities across the country are complete, and there is no need to invest so much money in this regard.

Moreover, the assets of the Education Department are developing well. The Education Department can be self-reliant to a certain extent.

In 1925, the Empire's development model in overdraft consumption did achieve great success, but a problem was also exposed.

That is, most Chinese people have the habit of saving, that is, they put their money in the bank and don’t consume it.

Because most of the empires do not have cars, and there are also a group of citizens who do not have new houses, so internal consumption can still be achieved.

But the question is, what should I do if I can't go up in the future?

A group of economists in the Empire analyzed: "Theoretically, the current nationals of the Empire do not have education, and the burden on medical care should be to be able to let go of consumption."

In theory, this is true. With the current welfare level of the empire, the people have no worries about consumption.

To this end, the Empire conducted an in-depth investigation and analysis on why these depositors did not take out their money to consume.

The analysis results came out soon, and the result was attributed to the issue of savings interest rates.

Although the Empire has lowered the savings interest rate once, the problem is that the savings interest rate in this era is still relatively high. If depositors save ten dollars, it will turn into eleven dollars next year.

Especially some middle-class people, they have a certain amount of money in their hands and deposit it in the bank. The monthly interest rate is a considerable income, which is enough to live a very rich life.

These people live by taking interest.

If the empire took the lead in construction in the past, it would indeed meet the policy needs, but now it does not meet the policy needs.

If the empire wants these middle classes to invest, it must first lower interest rates.

When the interest rate is lowered, depositors will consider whether it is cost-effective to put money in the bank. Once it is not cost-effective, they will also withdraw money from the bank to invest.

After knowing this phenomenon, the empire did not immediately lower the savings interest rate. The current investment amount is already large enough that there is no need to stimulus.

When the investment amount drops, then lower the interest rate to stimulate depositors' investment.

The Chinese Empire has very strong regulatory capabilities. Because of its clear purpose and comprehensive planning, there will be basically no mistakes in regulation.

In 1925, most of the citizens of the Chinese Empire who had no new houses went to banks to apply for mortgage loans. The Chinese Empire's mortgage loans developed rapidly.

Due to the development of real estate, the government has reduced the gaps in engineering construction, and the construction materials manufacturing industry has only experienced slight fluctuations. Due to the emergence of the investment boom, the entire country's economy has flourished. After the people applied for mortgage loans, they all moved into new houses soon, or were about to move into new houses.

Everyone in the empire had a new house to live in, and they could live a very comfortable living environment.

During the whole year of 1925, a large number of housing construction in the Chinese Empire began, and many citizens bought family cars, especially those working-class people with good income. In the past, those who drove cars were capital merchants, and cars were still in the ranks of luxury goods, but now cars have gradually entered the daily lives of ordinary people of thousands of households.

The whole of China has undergone earth-shaking changes. During the 1911th anniversary of the 1911, the entire country was in poverty. By 1925, the people were about to be able to live in comfortable houses and began to have a good income.

The entire country is prosperous and harmonious, and at the same time, the military is strong, not violated by external forces, and is in a general environment of peace and stability.

The country is thriving and the whole people are inspiring their spirits and are working hard for their own goals and common goals.

The credibility of the Central Government of the Chinese Empire continued to rise, and the people generally trusted and supported the Central Government. Xia Jun's prestige also continued to rise.

The call for imperial system has risen again. Many people called on Xia Jun to ascend the throne as soon as possible to adapt to public opinion. The people generally hope that the head of the empire could ascend the throne to rebuild the orthodox Han Dynasty.

However, many citizens are waiting for the public opinion polls in 1929.

In 1925, the economic growth rate of the Chinese Empire reached 35% and the GDP reached 490 billion Asian dollar, which was the best year of development since the war.

This year was also a year when most of the 500 million people in the Chinese Empire popularized advanced productivity.

A large number of people were converted into industrial population, and the agricultural population dropped sharply to 30 million. Fourteen years ago, the Chinese Empire was still an agricultural country. Most of the population was engaged in agriculture and operated in the rural natural economy model.

Most of the remaining 30 million agricultural populations use advanced agricultural productivity.

The inland economy developed tremendously in 1925. With a large number of industries relocated to the inland, coupled with the imperial sect, it stimulated national consumption, and many inland industries developed.

A large number of towns in the inland area have developed, and many workers who used to make a living in the coastal areas have also returned to the inland areas. The economic distribution of the Chinese Empire has finally been somewhat balanced.

At present, the most developed inland areas is heavy industry. Most of the heavy industry is distributed in inland areas. In the north and northwest of the empire, there are the most developed mining areas, and there are mining areas that are busy mining everywhere, including many large mining areas and some super-large mining areas.

The coastal areas are the most developed by light industry, foreign export-oriented industries and shipbuilding, and also have a certain scale of metallurgy. However, compared with the metallurgy developed in the inland, northwest, northeast and other regions, the scale of coastal metallurgy is no longer comparable. At present, coastal metallurgy mainly imports ore from overseas, and then supplies coastal steel demand, as well as the international market of exporters.
To be continued...