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Chapter 527: Chapter 435: Surpassing 30 Billion (Please Subscribe!)_1
Looking at such a well-equipped modern town, the bustling crowd, and the street vendors calling for business, even Tang Kai and Wangsa, who had been there twice before, were a bit taken aback.
During their previous two visits, they hadn’t fully explored Xin’an Town, plus a lot of the buildings were still under construction at that time, and everywhere you looked, there were building materials and unfinished houses, which made the place look rather chaotic.
But now.
Since the main buildings in Xin’an town are two or three stories high according to the plan, they are quick to construct. Plus, it’s summer, the sun hastens the solidification of the concrete. Under the condition of working overtime, it’s not a big deal to construct a three-story building in half a month.
Based on the plan, over half of Xin’an Town has been completed, and some parts are operational. The streets are very neat, and there are numerous stores. Things like breakfast shops, restaurants, clothing stores, that had never existed before, are now commonplace.
Because there are quite a few Chinese people here, a great deal of Chinese characters is used in the streets. Even Tang Qing is considering implementing Chinese as a standard language across the territories, because he really doesn’t like foreign languages; they sound strange.
However, considering that this might cause backlash by other nations if it appears we are ’leaning too heavily on Huaxia’, which could backfire, and it would be hard to explain if Myanmar gets angry and shifts the blame to the domestic government.
So it’s better not to cause trouble for the country.
Worse comes to worst, we can just implement a multilingual policy and prioritize Chinese and English.
Along the way, Tang Kai noticed at least three Chinese restaurants. This was akin to the novelty of visiting Chinatown in Thailand.
But Chinatown in Thailand is rather chaotic, with narrow streets, old facilities, and a sub-par environment. The novelty and bustling activity are the main attractions, which can’t compare in the slightest to this well-planned, uniquely styled, and modernized ’Chinatown’. In short, they’re not comparable at all.
If tourism were to be promoted here, Tang Kai believes the business would be prosperous.
Of course.
This assumes that the Thai government would allow it, because currently, the only peaceful direction is towards Thailand. Other directions are completely inaccessible, except perhaps if there were an airport. However, Tang Kai doesn’t think there is a need to construct an airport here within the next few years.
Observing the people on the street who were eyeing them with curiosity and wariness.
Tang Kai couldn’t help but sigh.
This is the aura of civilization.
Meanwhile, Ling was introducing them to everything as they walked, which was a far cry from his previously reserved self.
Although the buildings here were inferior compared to those in Thailand and Huaxia domestically, no one dared to underestimate such a proactive force. As long as there’s willingness to think and act, nothing is impossible in this era.
While passing by a branch of Myanmar Bank, observing the people queued in line, Tang Kai suddenly asked out of curiosity: "Leader Ling, forgive me for asking, but what is the issuance scale of Myanmar Bank’s ’Asia Dollar’?"
Tang Kai knew that one of the essential indicators for a currency to be strong is its issuance scale. For example, the US dollar has become a global currency because it has the largest issuance scale among all currencies. Only when there are enough coins can others hold them. Otherwise, how could it be promoted abroad if all the coins issued weren’t even enough for domestic circulation?
He heard that a large number of foreign currencies had been collected in the territory recently, but he didn’t know how large this scale was. However, he could imagine that it was a lot more than his net worth.
Hearing this.
Ling made no attempt to hide anything. This wasn’t a secret at all, and it was a chance to show off their strengths. He casually said: "Boss Tang, as of 24:00 yesterday, the issuance of Asia Dollar has exceeded 30 billion, and the reservation of various foreign currencies is close to one billion US dollars."
Ling offered a two-in-one deal.
30 billion.
To an individual, that’s an astronomical number.
Half a month ago, the issuance of the Asia Dollar was just over 10 billion, but with the exchange of various foreign currencies from the two new territories and having collateral in place, the issuance of the Asia Dollar rose rapidly. This was not only due to ordinary people: there were also a number of family forces with reserves of gold and silver.
They were hesitant before.
After extensive publicity, various promised conditions, and considering the issue of surrender, many people brought out their treasured gold and silver. In addition to the gold mines being mined during this period, which amounted to five or six tons per month, and the funds gathered by many businessmen from other places to purchase equipment and set up factories.
And so on.
Multiplying these factors has resulted in the issuance of Asia Dollar in the territory exceeding 30 billion, directly doubling from half a month ago. Although this looks large, compared to the issuance scale of 300 billion, the gap is enormous.
Moreover, 30 billion is already a high number.
If there’s no large-scale foreign trade in the future, even after a year, the issuance target of 100 billion Asia Dollars would not be complete.
Therefore.
Expansion abroad is a must.
Upon hearing Ling’s words.
The shock from the others was evident.
Especially Wangsa, previously he thought the top limit would be over 10 billion, but now there was an issuing scale of 30 billion. He really couldn’t figure out where all this issued money had gone. Would it cause inflation? Would it cause exchange disputes in the future?
But he thought Ling wouldn’t do such a thing.
There’s no need to do so.
Money only has meaning if it has value, and it’s only then that it can stabilize the economy. Otherwise, inflation is inevitable.
In the crowd behind.
"Old Tang, what is the value of Asia Dollar." Ling was speaking in Thai, understandable to most but not to Li Kai, except for Tang Qing who was there translating patiently. Tang Qing didn’t seem to mind explaining his things since he felt a sort of pride in doing so.
"One Asia Dollar is equivalent to one RMB," Tang Qing explained.
"What? So, you’re saying you’ve issued thirty billion RMB, and you have over eight billion RMB in foreign currency reserves?" Li Kai exclaimed, covering his mouth in astonishment. This was like printing a huge sum of money.
"Yes," Tang Qing shrugged.
"Can I take some Asia Dollars back?" Li Kai suddenly came up with an idea. How could he not take some local specialties back from this trip? And what constitutes the most local of specialities? Of course, it’s the local currency.
Tang Qing pointed to the Myanmar Bank branch and said, "Yes, you can. Every Myanmar Bank branch offers a one-to-one exchange. Do you have money with you?"
"Yes, I am going to exchange it right now. Hee-hee, when I go back home, I will sell it at a high price." As soon as Li Kai finished speaking, he rushed toward the branch. Feng Sen also followed him immediately. The others were walking slowly, not afraid of being left behind.
"..."
But three minutes later,
Li Kai and Feng Sen returned. It’s not that the bank was empty, but many people unconsciously made way for Li Kai and Ling, allowing Li Kai and Feng Sen to enjoy the privilege of skipping the queue.
"Not bad, it looks pretty good," Li Kai giggled as he carefully examined a one hundred Asia Dollar bill.
He brought along about one thousand RMB for this trip, and he had changed all of it into Asia Dollar. Whether he was going to keep it as a collection or give it away as a present, it would certainly be prestigious. As for what to do when he ran out of money, how was that even possible? Tang Qing had covered his plane tickets for this trip, and there was simply no other opportunity to spend money. Keeping it would have been a waste.
"Yes, it seems that they did a fine job with the anti-counterfeiting technology," Feng Sen nodded in agreement. He had thought that it was just simply printed currency, a trivial thing from a trivial place. However, to his surprise, the tech content was very high, not any less than the RMB.
No wonder it was accepted by the public.
They caught up with the group.
And continued to walk forward.
Along the way, while talking and explaining, they finished touring Xin’an Town. The group then once again took a car to the nearby Industrial Town.
Upon arrival at the Industrial Town construction site, everyone was truly shocked.
Standing on the bank of the river, facing the huge construction site not smaller than Xin’an Town, a large crowd was busy working, and the clanging sounds were heard non-stop.
They even saw various military vehicles shuttling back and forth. Some were even towing civilian containers on the road, like an armored car towing a container and carrying a car full of cement passing before them. It was indeed a bizarre sight.
This was a case of making good use of waste. Earlier, there were not enough construction vehicles available. Wangsa wasn’t able to provide that many vehicles. The construction for one town required hundreds of transportation vehicles. If all of them start at the same time, at least a thousand vehicles would be needed. It was completely impossible for Wangsa to provide that many.
To speed up the progress, all the retired military vehicles that were set aside for the future use of the Police General Administration were put to use by undergoing modifications.
All these retired goods were originally intended for the Police General Administration’s use. But looking at these old ’scraps’, Tang Qing felt embarrassed. So, in one decisive stroke, he ordered to weld all of them into shape and use them as construction vehicles. After they were done, they could just be scrapped.
Also, due to the shortage of transportation vehicles, Tang Qing had no choice but to purchase a lot of military trucks. To make it less conspicuous, these military trucks were all repainted by him, so they looked more ’normal’.
The use of these trucks actually proved to be very reliable and worry-free.
This kind of pretentious behavior,
How could the others not notice that these were military vehicles? But they just didn’t say anything. Wangsa couldn’t help but twitch at the corner of his mouth. After dealing with weapons and equipment for many years, how could he not recognize that these were all fantastic stuff? It was rather unbearable to see them being treated so brutally. But he couldn’t make out where these things had come from. They didn’t look like thing he had sold before. It was perhaps bought secretly from elsewhere. Wangsa was even more convinced that the Myanmar government was backing Ling.
The vehicles were one thing.
The factories also caught everyone’s attention.
While Xin’an Town is more residential and commercial, the Industrial Town was different. Huge steel structure factories were appearing one after another, along with skyscrapers rising seven to eight stories high. It was indeed a thrilling sight.
It was hard to imagine that this area, which had become wealthy due to its ’farming civilization’, was now developing industries.
Ling walked at the front.
Even without any signboards, the robots could still identify everything.
"This is a lighter factory."
"And this is a plastic product factory."
"Over there is a thermal power plant under construction, which mainly supplies electricity to these factories."
"..."
PS: First Chapter for today, three Chapters in total.
