After the Queshan military exercise, the great powers of European and American countries rushed to recruit representatives of military officers from the embassy in China to return to their country to report to their respective governments the military strength and actual combat effectiveness of the Chinese Empire, and use this as a way for governments to evaluate the political, economic, military and diplomatic impacts of the possible wars in the Chinese Empire and the Tsarist Russian Empire in the future.

After hearing reports from relevant personnel, governments conducted a systematic assessment of the military combat effectiveness of the Chinese Empire. Governments basically affirmed that the combat effectiveness of the Chinese Empire's army was stronger than the Zhili New Army six years ago. In turn, the evaluation report of the Russian army showed that in addition to the limited equipment improvement, the Russian army lacked training due to insufficient funds. After comprehensively, the evaluation report of most countries finally stated that the Chinese Empire's chances of winning were slightly higher than that of the Tsarist Russian Empire.[]

With this assessment report, most European and American countries' policies towards China have also been adjusted accordingly, and domestic capitalists have continued to encourage investment in China, and they firmly believe that investing in China will make profits.

For military strategists from Europe and the United States, the Chinese Empire's artillery performance and airship performance on the last day of the Queshan military exercise were shocked by all countries.

The artillery of the same caliber, the Chinese Empire's artillery industry has a long range, high strike accuracy and strong destructive power, which means that the Chinese Empire's artillery industry has made a qualitative leap. What shocked all countries in particular is that the hydraulic retreat system on the new artillery of the Chinese Empire is more advanced than the spring retreat system of the active artillery of the European and American countries. This is simply a revolution in the artillery field. Therefore, the artillery industry of the Chinese Empire was able to be passed by the powers of all countries in the world.

They admitted that the military forces of various countries contacted the Ministry of National Defense of the Chinese Empire and Beiyang Weapon Heavy Industry, hoping to obtain the technology. France was the most tragic. At that time, the French successfully developed the 75 mountain cannon with hydraulic retardation early, and France deliberately went through a lot of effort to deceive German spies. Now this crown has been taken away by the Chinese, and the French immediately said that they had successfully developed the hydraulic retardation system to save face.

In terms of airships, the great powers of various countries have long started related development work, but they have not been successful or have no actual combat capabilities. The Germans successfully developed a hard airship in 1899, and their overall technology has surpassed Europe and the United States. However, because they do not have actual combat capabilities, they were eventually defeated by the Adel 00 airship of the Chinese Empire.

The last move of the Queshan military exercise in the Chinese Empire was airship bombing, which made military strategists from European and American countries discover new strategic and tactical concepts.

〖China's Air Force was officially recognized by the great powers of Europe and the United States for the first time, and the military forces of the European and American powers have proposed to governments to increase the air force as a new branch of the army, and to form a huge air force like the Imperial Air Force.

〖China's airship forces quickly became the reference object for the newly established air force units of European and American countries, which triggered a new round of airship arms race among the great powers of Europe and the United States. Countries competed to study the theory of airships and airship combat, while the Chinese Imperial Air Force was directly regarded as the world's number one air force.

After the founding of the Royal Air Force in the UK, the British government shamelessly asked the Chinese Empire government for airship design drawings and some related construction technologies, with the reason that China and Britain, as military alliances, should share technology.

In response, the Chinese Empire government expressed helplessness and was completely defeated by the shamelessness of the British. However, the Chinese Empire agreed to the British's request from the overall situation.

After the British obtained the design drawings and technical parameters of the Type 00 airship from the Chinese Empire, they paid 50,000 yuan to buy a Type 00 airship and flew back to the UK directly. After the news came out, the European and American powers became even more interested. Thinking of the Chinese Empire's use of airships to bomb the hilltops, military strategists soon proposed that airships could be used as strategic bombing and could bomb the capitals and important cities of enemy countries during wartime.

This news was quickly valued by the military forces of European and American countries. After obtaining the drawings, Britain quickly began to produce on a large scale. The British were rich, so the parliament allocated two million to the Air Force in one go, and forty Chinese Type 00 airships were built in one go.

France was very nervous when it received the news because the British Air Force airship could fly quietly to the French capital to drop bombs, which was a huge threat to France's national defense and security. So France allocated millions of francs to establish a research airship, but France had no technical accumulation in this area before, so it had to rescue China, hoping to purchase Chinese airships.

Considering the upcoming military operations against Tsarist Russia, the Chinese Empire was the top priority to appease France and maintain good relations with France. Therefore, the Chinese Empire Emperor Chen Hao personally issued a letter to the export of Type 00 airships to France.

However, this move was opposed by Britain, so the Chinese Empire gave up exporting Type 00 airships to France, but promised France to provide technical assistance to France's airship project. The Chinese Empire took the risk of offending Britain to help France, and thus received friendship from the French government and military. In return, the French government and military said that they would not intervene in the Sino-Russian dispute, but France said that it was limited to the eastern part of Asia. If the Chinese Empire burned the war to Europe, then France would still not ignore it. After all, France and Russia have an alliance treaty.

China and France then secretly reached a compromise under the si. So with the secret help of the Chinese Air Force, France quickly established the French Air Force airship unit and began to produce the French version of the 00-type Meffite airship.

After being influenced by the Chinese Empire's Type 00 airship, the German Zeppelin also began to accelerate its development in the direction of militarization, but the progress was still unsatisfactory. So the German military planned to purchase the Type 00 airship from the Chinese Empire and then bring it back to China for research. In this regard, the Chinese Empire agreed to Germany's requirements from Russia and France. Although Britain and Germany were not very happy, the contradiction was not as deep as Britain and France, so they did not object. Therefore, the Chinese Empire's Congress approved the sale of five Type 00 airships to Germany, with a unit price of 50,000 each.

Similarly, the United States also sloppyly placed an order to order five Type 00 airships to China, and the US Army also established an airship force.

Other European and American countries such as Denmark, the Netherlands, Spain and other countries have also organized airship troops and ordered several airships from the Chinese Empire. In Asia, the Japanese Army was also interested in airships, so they also purchased an airship from the Adel Airship Company for their research.

However, the Chinese Empire Congress required that Japan need to purchase at least twenty airships, otherwise it would refuse to export airships to Japan. In response, the Japanese government gritted its teeth and agreed.

Subsequently, Japan also formed an airship unit and began to establish its own projects to study airships.

Tsarist Russia also hoped to obtain the airship technology of the Chinese Empire. Tsarist Russia's ambassador to China, Kuman, shamelessly put forward a request. Originally, the Chinese Empire government did not want to export airships and technology to Russia, but France has been approved to obtain the airship technology of China. Even if the imperial government does not agree, Russia may obtain relevant technology from France in the future.

In order to mislead the aviation development direction of European and American countries, Emperor Chenhao, the emperor of the Chinese Empire, was also the top priority, so Wang Chenhao specifically approved the export of airships and the transfer of airships to Russia.

In this way, the Chinese Empire misled the Russians in the direction of aviation, and could sell airships to make money with the best of both worlds. At the same time, for the Chinese Empire's military, easing relations with Russia will be more conducive to the implementation of the General Staff's secret raid plan.

The Queshan military exercises hit the Tsarist Russian Empire with huge blows. The Tsarist Russian Far Eastern Commander Alekseev said in a report to Nicholas II that the military level of the Chinese Empire was much higher than that of the Tsarist Russian Empire, and its combat capability was very strong. Its tactics should not be underestimated. Nicholas II asked to re-form the combat deployment against China. At the same time, Alekseev also stated that the Chinese Empire had upgraded its standing army to a combat state. The Chinese Empire in the northeast frequently mobilized its troops and might take the lead in launching a war. Nicholas II asked him to quickly send troops to strengthen the Far Eastern defensive forces.

Nicholas II was very unhappy after seeing this report. He immediately sent a telegram to denounce Alekseev and replied: Although the military strength of the Chinese Empire has developed rapidly, it is still no match for the empire. Judging from their performance this time (Qishan Military Exercise), they still pursued the same tactics as the Yongping Military Exercise (Yongping Military Exercise), namely passive defense and defensive counterattack. Therefore, Nicholas II ordered Alekseev to ask him not to worry about this matter. The Chinese Empire did not have the courage to initiate a war on its own initiative. However, Nicholas II also appeased Alekseev and told him that the Siberian Railway would be completed in three or four months, and that the continuous army and supplies from Europe would be in place, so that Alekseev would not have to worry.

Although Alekseev felt an ominous feeling, he seemed to think that the Chinese Empire would take the initiative, the weather forecast for Vladivostok showed that heavy snow would fall in another month and the severe winter would enter, which was very unfavorable for the attacking party.

So Alekseev let go of this worry. However, he still ordered the army to be alert, and the engineering troops seized the time to build fortifications in bases and fortifications such as Vladivostok, Nibchu, Ulsan and other bases.

When the news of the huge success of the Queshan military exercise came out, it was undoubtedly a reassurance for the citizens of the Chinese Empire.

The imperial government assured the imperial subjects that the imperial currency dragon coins will remain as firm as ever, and will not be affected by war factors, and will remain the ratio to the British and US dollar constant. As a result, the amount of dragon coins exchanged in the market decreased sharply, and the imperial citizens no longer purchased large quantities of foreign exchange. The international financial giants intend to take the opportunity to disrupt the financial market of the Chinese Empire, and Yin, who made great money in war, sought to declare bankruptcy.

However, these financial merchants did not choose to retreat immediately. Putting aside the war factors, they also saw the huge economic development potential of the Chinese Empire. The Beijing-Tianjin-Tang Industrial Base of the Chinese Empire has formed a huge production scale. In addition, five major industrial bases, including the Liaozhongnan Industrial Base, the Yangtze River Delta Industrial Base, the Pearl River Delta Industrial Base, the Middle and Upper reaches of the Yangtze River, and the Guisui Industrial Base are forming a scale, and the conditions are superior, which is very similar to the development model of the United States thirty years ago, and it is integrated into Germany.

The advanced idea of ​​using technology to guide productivity is the Chinese-style economic development model that perfectly combines the advanced technologies of the United States and Germany, which is favored by investors from all over the world. Therefore, these international financial players are seeking investment in various national debts, including war bonds, education bonds, medical bonds, etc. Of course, the most important thing is industrial development bonds. They believe that the industry of the Chinese Empire will definitely expand rapidly in the future and will not be worse than that of the United States. Therefore, the profits of investing in China will be very considerable.

For the Chinese Empire government, stabilizing finance and ensuring the rapid development of the empire's economy is the top priority. Investment from developed European and American economies such as Britain, France, the United States and Germany is extremely beneficial to the various economic construction of the Chinese Empire. Therefore, the imperial government is very welcome to various countries for investment in China. Among them, Britain, the United States and Germany are in an era of large-scale capital exports, and the rapid development of the Chinese economy is the market for the transfer of capital exports of the three countries.

As of October of the first year of Guanghua, Britain had accumulated a total investment of 200 million British dollars in China, of which the purchase of Chinese government bonds supported the Chinese Empire against the Tsarist Russian Empire. The United States, the richest and close to the Emperor Chenhao of the Chinese Empire, took the lead in importing capital into China on a large scale, accumulating as much as 1.5 billion US dollars. Among them, the Zelingen family, as a royal relative, only purchased war bonds, while several other major consortiums used the investment in stocks of major industrial bases in China as the main means. Germany was represented by Krupp, a large number of Junker new bourgeois aristocracy could not compete for the market of the old bourgeois aristocracy in Europe, so they had to transfer to China, with an investment of more than 300 million goldmarks.

Of course, the strong import of capital to China by Europe and the United States is also a significant impact on the local bourgeois new aristocratic class of the Chinese Empire. For this reason, the Chinese Empire government learned from the United States' strategy of rapid development of European capital and also set up high trade tariff barriers. At the same time, it provides various national financial subsidies and policy benefits to domestic national industry and agriculture, and supports them to compete with foreign companies.

Generally speaking, large-scale import of European and American capital into China is more beneficial than disadvantages for the economic construction and national strength growth of the Chinese Empire.

The Chinese Empire gradually stabilized finance, and the stock indexes on the Beiyang Stock Exchange resumed steady growth, and the currency system of dragon coins

oThe movement has also returned to the scope permitted by the government, and everything looks like it has returned to its original state.

However, the financial war against China abroad has just ended, but everything has come and go.

The Chinese Empire was not easy to bully, and what followed was anti-retaliation measures.

However, the Chinese Empire's anti-retaliation measures were not aimed at the international financial giants, but instead removed their anger to the Tsarist Russian Empire...
Chapter completed!