Delegations from various countries entered the venue, Gao Huan accepted the worship, and then held a dinner.

At this banquet, there were all kinds of famous Chinese dishes and good wine on the table, but representatives from various countries almost didn't eat much, but listened to the leaders of the government and spoke on the stage.

The main content of the meeting discussion was to continue to strengthen economic cooperation within the tribute system.

Specifically, the Ganchao will purchase how much raw materials and agricultural and animal husbandry products from each vassal state next year, and how much goods from each vassal state will purchase.

The other is to discuss the challenges faced by countries overseas and coordinate the conflicts between countries overseas.

Because within the tribute system, countries are not allowed to launch wars, and the relationship between North Korea, Fusang and Japan is not easy to fight, so countries can only turn their targets overseas.

Now, the various vassal states of Ganchao have seen Ganchao gain benefits overseas, and have also chosen to go overseas to seek benefits to resolve the trade deficits arising from the trade with Ganchao.

Countries transport raw materials to Ganchao, and then buy industrial products to Ganchao.

The value of raw materials and agricultural and animal husbandry products is definitely not comparable to that of industrial products. In this way, they often have a deficit in their trade with Ganchao, causing wealth to flow into Ganchao and their country to become increasingly poor.

In this case, countries have only two options to make up for the deficit. One is to develop their own economy, increase their own production capacity, and create more incremental wealth.

For example, Vietnam under Sun Kewang's control had a trade deficit with Gan Chao every year of about 500,000 Qianyuan. However, after it controlled Chameng and the Mekong Delta through the southward strategy, it invested heavily in rice cultivation, and its GDP increased by 1 million Qianyuan. Then, excluding the deficit with Gan Chao, Vietnam, which Sun Kewang's ruled, was still increasing its wealth.

Another solution is to have a deficit here, but the trade with other countries is a surplus. If the two offsets, the surplus is greater than the deficit, and then wealth is also growing.

For example, the Luzon State had a deficit of 10 million Qianyuan per year. However, after purchasing goods from the Gan Dynasty, they sold them all over the world. The surplus with other countries was far more than 10 million Qianyuan. Therefore, the capital of Luzon State is now extremely prosperous.

Generally speaking, the vassal states now have two strategies in parallel, but their domestic land and market are limited.

After the domestic increase reached a bottleneck, the vassal states turned their attention overseas, either looking for land to cultivate and grazing, increase GDP, or obtain markets for expanding colonies, dump more products, and charge more taxes.

Now, the expansion of the vassal states overseas is mainly in both east and west directions.

The State of Luzon and Vietnam headed west, arrived at the eastern coast of Africa, established colonial strongholds, and competed for interests in Africa with Western powers.

North Korea, Fusang and Japan in the northeastern region focused on Beiyinzhou. The three countries landed in Beiyinzhou one after another and immigrated and developed land in large quantities.

In the wave of overseas colonization, the entire East Asia region, including the Ganchao, belonged to latecomers and participated in the voyage more than a hundred years later than the Western powers.

As latecomer countries, the biggest problem is that when they started sailing, they found that the land that could be expanded had been almost divided up by Western powers, and the land left behind was either barren or had no resources.

This has caused dissatisfaction among all countries, feeling that the land they obtained overseas is not in line with their national strength, and hopes to expand their interests overseas.

Almost four years ago, Spain summoned Western powers such as Britain, France and the Netherlands to sign a treaty in Madrid to coordinate the conflicts between Western powers and target the undivided land.

Now, as the various vassals of the Gan Dynasty expanded overseas, there were also conflicts and conflicts of interest between the vassals and vassals, and between the vassals and the Gan Dynasty.

Therefore, the meeting adjusted the conflicts between all parties and Gan Chao also made certain concessions. Finally, Gao Huan found out that in order to facilitate trade and overseas competition, countries needed a currency that was convenient for settlement.

At this time, the attention of all countries was attracted by the previous issues, and they were arguing about trade procurement and the distribution of overseas interests, and did not pay attention to the so-called settlement currency.

"Everyone, the court found that countries need to carry a large number of silver dollars, silver, gold, and even copper coins in their trade with big trades. Not only does the transportation cost, but it has to be exchanged every time, which is also inconvenient. Therefore, the court decided to promote Qianyuan and open an account for each country. As long as each country deposits a Qianyuan in it, it can directly use Qianyuan in the account to settle the account when it is used!"

"In addition, there was a silver dollar settlement between the various vassals and the Dagans before. The settlement between the various vassals and the vassals was quite chaotic and very inconvenient. After the imperial court introduced the Qianyuan period, we suggested that the Qianyuan period could be settled between the various vassals. In this way, everyone would not need to exchange multiple currencies for international trade!"

At the venue, Chen Zilong pointed at the hanging drawings with wooden poles to introduce the Qianyuan of Ganchao and the settlement system of international trade.

After hearing this, representatives from all countries all lit up. If they follow the Ganchao design, it will indeed facilitate trade between countries.

However, representatives from all countries are also smart people. Zheng Sen frowned and raised his hand and asked, "Chen Yizheng! Is there any difference between Qianyuan and silver notes? Why don't you use silver notes directly?"

Chen Zilong said calmly: "The prince of Luzon can rest assured that Qianyuan and silver notes are of the same value. Qianyuan with a denomination of 100 yuan and silver notes can be exchanged for 100 yuan in major silver notes. The reason why Qianyuan is launched without silver notes is because of cost and efficiency issues!"

Zheng Sen asked: "Can Chen Yizheng explain in detail?"

At this time, Gao Huan, who was sitting, stood up and said, "I'll explain it! Each silver note has a variety of anti-counterfeiting methods such as code words, secret seals, handwritings, seals, etc. Each one is unique. Moreover, when redeeming, the ticket number needs to view multiple information and the password needs to be changed regularly. This can indeed prevent counterfeiting, but it also causes the circulation of the bank note to be inconvenient enough and the cost is too high. Merchant transactions also require the bank account to verify the authenticity, which is very inconvenient to use."

Gao Huan paused and continued: "Qianyuan is different. The court has mastered a variety of anti-counterfeiting technologies such as watermarks and inks, and will use direct printing to print Qianyuan. At that time, when people and merchants use it, they do not need to go to the silver number and trade directly! But everyone can rest assured that although Qianyuan is not like silver notes, a silver note corresponds to a sum of silver, the court will also adopt the method of printing the Qianyuan as much as the silver deposit is saved, and there will definitely be no more printing!"

After Gao Huan finished speaking, he looked like everyone wanted to believe me.

After hearing this, Zheng Sen and others breathed a sigh of relief, and they all seemed to know, but they just didn't want to use it and stopped expressing their opinions on Qianyuan.
Chapter completed!