From the perspective of historical lessons, the currency war between the Song Dynasty and the Jin Dynasty caused a large amount of Song Dynasty copper coins to flow out to the Jin Kingdom, causing considerable economic difficulties.

There is a rule in histology: the larger the organization, the more fragile it is.

For example, bloat was the most obvious characteristic of the bureaucracy of the Song Dynasty. The bloat led to a decrease in work efficiency and numerous problems, making it much more difficult to inspect and clean up.

Once a foreign enemy invades, such a bureaucracy will not only be unable to function, but will also weaken its own ability to act due to its bloat and mutual blame-shifting.

Moreover, there is a rule in economics: the vulnerability of an economy is inversely proportional to its size and interconnectedness.

This means that the larger the economic scale, the more complex it is, and the higher the regional economic linkage, the weaker the risk resistance of the overall economy.

On the contrary, the lower the regional business linkage and the smaller the business scale, the stronger its risk resistance.

For example, Jin Kingdom and Xixia.

The Jin Kingdom did not have the well-developed river system and road system like the Song Dynasty, and it was winter in the Northeast for nearly half the year. These objective factors would restrict its commercial development.

Its business characteristics are that interactions with each other are sparse, and commercial activities may be limited to their respective state capitals as far as possible. A small number of luxury goods specially prepared for dignitaries will be shipped to Beijing from various places.

The same is true for Xixia.

At this time, there is no longer an economic crisis, let alone a chain reaction in various places due to the collapse of certain industries in Beijing.

In many places, things are exchanged for things.

Let alone a financial crisis.

However, the Song Dynasty was different.

The business of the Song Dynasty was famously prosperous in ancient China.

There are convenient rivers all around Tokyo, especially Gyeonggi Road extending to the southeast, where the rivers are as dense as a network.

Moreover, the Song Dynasty was very strong in internal governance. It was the dynasty that most liked to open water conservancy and develop fertile land.

There are endless varieties of products.

For example, Luoyang flowers, Jianzhou tea, Shu brocade, Ding porcelain, Zhejiang lacquer, Wu paper, Xima, Fuzhou Liyan, Wenzhou Gui, Linjiang oriole, Jiangyin puffer fish, etc.

For another example, people in the Song Dynasty said this: The country of Qingqi has thousands of miles of fertile fields, rich asparagus and mulberry trees, and clothes and quilts all over the world.

There are also a large number of ships regularly dispatched from the Michigan seaport to transport goods to various routes in the south.

The Song Dynasty encouraged business.

What’s amazing is that the Song Dynasty was founded by a warlord leader, but it was run by a group of business elites.

In the Song Dynasty, the various economies were more closely interconnected than those of the Jin and Xixia countries, and they were more dependent on currency.

Therefore, the Kingdom of Jin wanted to fight a currency war with the Song Dynasty, but the Song Dynasty was actually the weaker side.

As long as currency flows to the Jin Kingdom, the Jin Kingdom will make a profit and the Song Dynasty will lose money.

Moreover, there is a high probability that the currency will flow to the Kingdom of Jin.

Because the purchasing power of the copper coins of the Song Dynasty was so strong, neighboring countries were willing to sell goods at low prices in order to attract more copper coins of the Song Dynasty.

For example, passerby A, a businessman from the Kingdom of Jin, only sold 200 copper coins for one stone of grain. He sold 100 stone and transferred 20,000 copper coins.

After returning to China, he can use these 20,000 copper coins to buy 150 shi of grain, because there is a shortage of copper coins in the country.

The nobles had surplus grain, which they exchanged for copper coins to buy luxury goods.

Therefore, the copper coins of the Song Dynasty were very popular.

Back to Zhao Ning’s only promise of trade with the Kingdom of Jin.

If the Song and Jin Dynasties opened up trade on a large scale, there would inevitably be an outflow of copper coins.

Can we use trade dumping to redistribute copper coins?

It's difficult.

Why do you say that?

Because the Jin Kingdom also implemented a strict prohibition system, almost most businesses were state-run.

Historically, the transactions between the Song and Jin Dynasties were strictly controlled by the Jin government after the Jin State took away the copper coins.

If it is not controlled, for example, passerby A has 20,000 copper coins in his hand, he will never use these 20,000 copper coins to buy Song Dynasty goods.

Because for the same purchase of goods, copper coins are more valuable inside the Golden Kingdom and can buy more things.

Unless the Song Dynasty lowered commodity prices to very, very low levels, without advanced assembly lines and a developed supply chain system, it was impossible to really lower commodity prices.

Let alone establish the low-price dumping model of the 20th century.

Judging from these factors, comprehensive opening up of trade between the Song and Jin Dynasties would be detrimental to the Song Dynasty in the context of productivity in the 12th century.

What to do?

Of course there are ways.

At least Zhao Ning has thought of a way.

There is no need to rush this matter. At the moment, the "State-owned Manufacturing Bureau of the Song Dynasty" is undergoing reorganization, the University of Tokyo is expanding its enrollment, and the assembly line model is also taking shape.

Of course, these are all preparations for commodity dumping, which take time to build slowly.

There are still ways to deal with it now.

At the end of February, Xilin Helu returned to Yanjing and reported to Zong Wang the situation of his mission to the Song Dynasty.

"Your Highness, Song Gou has no sincerity in negotiating peace!"

"No, no, the Emperor of the Song Dynasty has agreed to negotiate peace."

Xilin Helu was confused, what? The Emperor of the Song Dynasty has already agreed to negotiate peace?

Your Highness, the wounds on my body caused by Song Dog hitting me with a chair are still here!

I don’t study well, don’t lie to me!

Zong Wang continued: "The Emperor Song agreed to sit down and talk about the Eight Classics, which means that the Emperor Song is also willing to negotiate peace, and he agrees to trade with each other."

"This...but he didn't agree to give me the coins."

"Xilin Helu, don't be impatient. This kind of big thing cannot be talked about once or twice. The Song Dynasty has just defeated our country several times, so it is inevitable that you will be a little proud. It is inevitable that you will not agree for the time being."

"Then what should I do now? How can I get my life back after I return to the capital?"

"Just go back to Beijing and tell the truth, and I will write a letter to His Majesty to explain the current situation."

"Thank you, Your Highness."

"Go ahead."

Xilinhelu left.

Liu Yanzong said: "Your Highness, the Emperor of Song Dynasty is not willing to give Sui coins. I'm afraid your Majesty will not agree."

"I have said that the Song Dynasty currently suffers from three major pains: people's livelihood north of the Yellow River, public security, internal bureaucratic strife, and the political chaos caused by the New Deal at any time. Each pain hurts the internal organs of the Song Dynasty. It is difficult to cure it.

Ascend to heaven.”

"Whether we give the coins or not is only temporary, and the peace talks are only temporary. We must continue to send envoys south to sue for peace, so that the Song Dynasty can feel our sincerity in suing for peace, and let them relax their vigilance towards us."

"That's what His Highness said."

Wanyan Zongwang continued to say: "As long as the Song Emperor is willing to trade with each other, a large amount of copper coins will flow to our dynasty. People's livelihood in Hebei and Hedong is already in decline. Once a large amount of copper coins flows in, it will be more difficult for these places to recover."

On February 28, Cai Mao arrived in Shouchun.

When Cai Mao arrived in Shouchun, all the officials in Shouzhou came to greet the governor of the Song Dynasty.

The first thing Cai Mao did when he went there was not to be invited to dinner, but to meet Nie Chang.

Then, based on the list provided by Wang Zhongheng, all officials who had participated in forced land purchase and tax evasion were arrested and interrogated one by one.

Afterwards, Li Chongwen was asked to start checking the accounts in each yamen without any hindrance, and went through all the accounts.

Then he ordered the officials below to cooperate to measure the fields.

Cai Mao appeared in a cold-blooded state in Huaixi. For a time, everyone in Shouzhou officialdom was shocked.

This was not over yet. On the first day of March, Cai Mao summoned Shouzhou officials to discuss matters and dismissed Zhang Cheng, the prison chief of Huaixi Tidian, and Zhou Cai, the magistrate of Shouchun Prefecture, on the spot.

Also on the same day, Wang Changgen, who had injured the Hubu official, was captured, and the infiltrators rushed to Luzhou to capture Zhu Changgui, who had beaten the Hubu official to death.
Chapter completed!