"The purpose of capitalism in pursuit of colonies is generally to obtain profits by investing capital, obtaining raw materials and commodity dumping sites, and to maximize profits. The growing young East Coast capitalism cannot violate this economic law. Even if capitalism transitions to its highest imperialist stage, its requirement will only be strengthened without any weakness." In the office where Jiaohebao was roughly decorated, Xu Xin took a puff of cigarettes and put down half of the manuscript paper.

These manuscripts are piled up in a thick stack, and the content is all Xu Xin’s insights and experiences over the years of work. Especially in the years he has been engaged in foreign trade and diplomacy, he has learned a lot of things that he could never have learned in his life. The things he obtained through practice are gradually integrated with the knowledge of later generations. Many views and theories that he did not understand or understood thoroughly before are gradually becoming clear. Now, it can be said that at this point, Xu Xin has already had his own ideas and opinions, and is no longer the thing that was half a bottle of water that had just passed by.

In order not to let his efforts be buried in the grave with him, Xu Xin has begun to take time to write something and bind it into a book over the past year, hoping to find opportunities to publish it internally to future generations, so that his "unique skills" will not be lost. And the book containing Xu Xin's efforts has even been called "The Development and Different Stages of Capitalism". Traveling through time, managing the country, and writing books, Xu Xin's life value has been achieved at the highest level in this time and space in the 17th century, and it is not in vain to live this life.

"Commissioner, Mr. Siligu and Mr. Luciano are here." Seeing that Xu Xin was no longer busy, the secretary walked in at the right time and reminded softly.

Xu Xin nodded, then put the seal leather jacket on the armrest of the chair on his body, and walked to the outer hall with his secretary to meet the next few Italians. At this time, there were already seven or eight people sitting in the outer hall, all of whom were members of the merchant family or their agents from northern Italy. One of the leaders was Cilicu, the representative of the old-fashioned Genoa family, who had lived in the east coast for many years. He was also the Italian manager of joint ventures such as Luoqia Textile Factory and Luoqia Knitting Lace Factory. He was also a little famous on the east coast. In addition, his famous eldest daughter recently married a second-generation dress. This gentleman's connections on the east coast suddenly reached a new level, and his status in Genoa has also risen even more.

"Welcome friends from Genoa, Luca, Palma, Mantua and Florence. It is a great sincerity for you to travel across the ocean to the New World. Our country is developing rapidly, and we are extremely enthusiastic about every foreign businessman who comes to the East Coast to inspect or invest at this time." Xu Xin said straight to the point, and after he finished speaking, he ordered the secretary to go to the waiter to serve tea.

The tea came up soon. Baiyan Mountain Tea from Ningbo Prefecture has always been Xu Xin's favorite. The Italians here are naturally not adapted to this fresh oriental drink, but the guests can only bear it.

"Specialist Xu, thank you very much for your invitation. My friends and I are interested in investing in Jiaohe area, but we want to hear your insights on this aspect at this moment." Xiligu took a sip of tea and asked: "We all know that Jiaohe area is facing some public security troubles. In addition, it is a wild place with diseases and a dangerous environment. The early investment is really amazing. Of course, we don't mind investing huge amounts of funds in the early stage for environmental transformation, because we Italians do not lack funds, nor do we care about the length of the investment return cycle. What we really care about is whether these projects can bring us benefits? Even if these returns are not very high, it doesn't matter. What we care about is long-term and stable returns. According to the words of you East Coast people, it is a stable return of 'long-term'."

Xu Xin laughed and said that Europe is really interesting. Countries along the Mediterranean coast are basically a virtue. When they make money, they want to invest in high-stability industries such as land, houses, and minerals, and are unwilling to take the risk to enter the industry with higher risks. Among these people, the Italians are fine. Their efforts are not bad, but it is obvious to the residents of the Iberian Peninsula. According to the Portuguese, "When the crisis comes, every land and every olive tree will become the last shelter." This fully illustrates how the merchants who have made a lot of money through navigation and overseas trade are obsessed with investing in land and agriculture with lower risks, rather than further investing them into industry.

This is true for the Portuguese, and the Northern Italians led by the Genoese are also very similar. In recent centuries, merchants from Genoa, Venice, Lucca, Milan, Florence, Palma and other places in northern Italy have frequently traveled to trade fairs and exhibitions across Europe, earning a lot of money. Many Italians who made money have returned to their hometowns to invest in land and started relatively stable transactions. However, Italy has a high population density and not everyone can buy enough land. Therefore, many Italians moved to France and Austria to invest in land and do some re-export trade. Of course, many Italians also moved to the Netherlands to engage in business, but there are relatively few such people.

The tendency of conservative investment style has caused a large amount of capital to "stagnate" in the narrow domestic market. Taking Genoese as an example, most people would rather invest profits to hit lows in yields (many times the returns cannot even catch up with the depreciation of silver). In government bonds or annuities, few people are willing to invest in manufacturing. In recent years, Genoese accelerate the relocation of manufacturing companies with increasingly backward technology, equipment is getting older, and investment is becoming increasingly rare to invest to the east coast. This shows that some problems are more willing to play finance than the hard and dirty manufacturing industry.

Xu Xin contacted some Italian merchants to invest in the Jiaohe area through various channels, and was the idea of ​​these Genoese holding a huge amount of capital (which means huge resource control rights). Anyway, the Genoese have a conservative investment style. Except for a few people, most of them are greedy for stability. So it is very appropriate to let them go to the east coast to invest in land development and provide certain risk protection. Especially many famous companies and merchants in the Republic of Genoa have invested in the east coast for many years and have obtained considerable profits. The Luoqia Textile Factory, which invested by the Doria family, paid a dividend of up to 910,000 yuan in the bank lira last year. Now they are investing in the railway industry on the east coast. With these pioneers as role models, I believe that the doubts of some other Italian merchants can also eliminate most of them. Now they are worried about whether these investments can bring them benefits?

You should know that the investment requirements of the East Coast people are quite good. For example, the East Coast people require foreign investors not to directly invest money, because the East Coast itself does not lack gold and silver. What they lack is manpower and some material wealth. If outsiders bring a large handful of gold and silver to invest, then what they ultimately squeeze will still be the already limited human and material wealth in the East Coast, and it does not bring any benefits to the East Coast. However, it is completely different to bring people, materials and other physical objects to invest (such as the Southwest Railway Model), because this does not squeeze out domestic resources in the East Coast, but also helps the East Coast people to do a lot of things, so it is quite popular among the East Coast Republic.

But this undoubtedly adds a lot of costs to foreign investors for no reason. After all, purchasing supplies in various parts of Europe also takes time and money (at this point, the East Coast pagans are undoubtedly far less convenient than Italians). Recruiting bankrupt farmers and technical craftsmen and hiring ships with experience in ocean navigation is even more costly. This is a considerable expense in combination. If the East Coast people cannot provide a solution that satisfies investors, even if these Italians have sufficient capital, they will carefully consider whether it is worth it.

Xu Xin has been in politics for many years and has such rich experience. Therefore, he expressed his understanding of Xiligu's question. He immediately asked the secretary to hang a large-scale hand-painted map of the Jiaohe and Beiyazihu ​​area in the room, then got up and walked to the map, cleared his throat, and said, "Mr. Xiligu just mentioned a lot. As the plenipotential commissioner sent to the Jiaohe area by the Executive Committee, I want to say that the Jiaohe area is not as terrible as you imagine. Many matters seem scary, but if you spend your time understanding it in depth, you will find that it is just like this. In addition, many investment projects we have arranged for you actually do not have too many demands on the environment. As long as you do it with your heart, you will definitely make money. What's more, the Chinese government has also given many risk guarantee measures, such as premium repurchase, etc., right?"

In fact, the preferential measures given by the Executive Committee to attract Italian capital are not just premium repurchase. They also gave a certain amount of low-interest loans to provide convenience to investors who have difficulty in capital turnover. In fact, this is to say that East Coast people use money to lend to Italians and let them buy things in the European market. After all, they are Christians and often they act very conveniently. Unlike East Coast people, the restrictions they have been subject to over the years have become increasingly large, and the price of buying things is

Not only is it very high, but often it is even more worrying to buy what you want. But it would be much better if it were an Italian businessman group led by Genoa. They are the people of the Lord, and their business networks and connections are not comparable to those of the East Coast. They raise materials and recruit personnel very quickly, and the cost is much lower than those of the East Coast. So it is better to leave all these things to them and then invest in the East Coast. This is simply a win-win model. (To be continued.)
Chapter completed!