Many workers are unemployed and need to receive relief food to survive.

We are no longer young. Besides Factory Director Kong, who else needs to be an older worker?

If everyone endures these difficult times for a while, there will definitely be a market for the quality of our factory products.

At least it’s not difficult to feed us.”

When the workers heard this sentence, they gave birth to one after another and were willing to owe the company first and continue to work in the factory.

This is an environment in which most of the outside world are unemployed. Their own age and Kong Jingwei's character jointly prompted them to make this determination.

When Kong Jingwei heard this, he was very excited.

He has always been an atypical figure in the business world.

Other factories squeeze workers' wages and treat them like animals. Once they are overage or injured, they will be fired immediately.

There were even some factories that specifically hired natives from the newly occupied territories of the empire who had not yet been Chineseized.

Kong Jingwei is different from other businessmen in that he really treats the workers in the factory as family members.

He thought it was a normal thing and didn't expect anything in return.

His kindness now makes it possible for him to survive this crisis.

Boss Li next door to Jingwei Textile Factory encountered a similar situation.

Boss Li, however, could only go bankrupt without any possibility of self-rescue.

Kong Jingwei said excitedly: "I am here to thank you for your trust.

I will definitely lead you and the factory through this economic winter so that we will no longer be unemployed.

If you give me a month, if it doesn’t work, I will definitely close the factory and I can’t delay you.”

Jingwei Textile Factory united as one and embarked on the road of self-rescue.

…

Prince Su Shu looked at the memorial reported by the cabinet.

On April 26, two private commercial banks, Shanxi Commercial Bank and Fuqing Bank, declared bankruptcy one after another.

The Imperial Bank promptly took over these two banks and fully compensated depositors with a value of less than 500 taels of silver.

The imperial court acted extremely quickly, which relieved the panic of most people.

However, the bankruptcy of two important banks directly led to extremely serious collateral reactions.

Depositors and loan customers of the two banks were implicated.

Many banks had business dealings with the two failed banks, and they were also implicated.

As the trust crisis intensified, deposit business decreased and loan business exploded.

The banking industry is the blood vessel of industry. If there is a big problem in the banking industry, the bankruptcies of factories that have been happening intermittently will immediately start to accelerate.

In just over a month, local governments have counted more than 5,600 bankrupt factories.

This data continues to rise.

Each factory employs 20 people, which means 100,000 people are unemployed.

Prince Su Shu had been hearing about the possible economic crisis from his father.

But the economic crisis really broke out, and the consequences surprised even Prince Su Shu.

In just one month, five banks, large and small, collapsed one after another.

There are more than 100,000 unemployed workers that the government can count.

If the economic crisis lasts for a normal period, it will inevitably lead to a depression in all industries.

If the court is not prepared in advance, it may cause great turmoil.

When Prince Su Shu thought of this, he immediately summoned Prime Minister Lin Wenjing.

He and Prime Minister Lim Wen Jing are responsible for dealing with issues related to the economic crisis.

This is a big test for him from his father, and he must submit a perfect answer sheet.

Prime Minister Lin Wenjing quickly came to the room where Prince Su Shu was.

After they established each other, they sat down with their hands on Lin Wenjing and said with emotion: "I really didn't expect that after the economic crisis broke out, it would have such a big impact.

Your Majesty takes this matter very seriously, and we are fully prepared.

Otherwise, if an economic crisis suddenly occurs, it will definitely have extremely negative consequences."

Prince Su Shu nodded and said: "The most important thing now is stability. We must give the people sufficient confidence to persevere.

The imperial court prepared sufficient mixed noodles.

But I found that there were not many workers receiving relief food.

Will there be corruption or laziness in local government? People want to receive relief food, but don’t know where to go to get it.”

Prime Minister Lin Wenjing explained: "Your Royal Highness, I am also aware of this situation.

It has only been a month since the economic crisis broke out, and many workers have some savings.

Even if the bank failed, the court would try its best to pay off their deposits.

Now that the price of food in the empire is generally low, the workers' savings are enough to buy food for them.

Even if they have a few hundred pennies in their pockets, they will not receive relief food.

Receiving relief food is detrimental to their face. The lower class people are, the more they value their own face.

There is another important reason: relief food is really hard to eat.

Only hungry people are willing to receive relief and fertile land to satisfy their hunger.

Of course, there must be lazy officials in various places, and some relief grains will be resold.

The Metropolitan Procuratorate now attaches great importance to this matter and has sent supervisory censors to supervise officials in various places.

The imperial court also publicized this matter through various means, striving to let every poor person know that the imperial court was distributing relief grains."

Prince Su Shu saw Prime Minister Lin Wenjing's confident performance.

This matter is not just for him, it is also a big test for the cabinet.

Prime Minister Lin Wenjing will never dare to slack off on matters that are of great concern to her father.

Prince Su Shu asked: "The consequences of this economic crisis are far beyond expectations.

I believe that as the impact of the economic crisis deepens, depression in all industries will inevitably occur.

The imperial court must prepare early to deal with the depression of various industries and ensure that there are no problems with the core industries of the empire.

The government's work-for-relief program must be launched as soon as possible.

I remember that the route planning for railways and highways had already been completed.

The cabinet should complete the project bidding as soon as possible and start these projects.

Now many factories are on the verge of bankruptcy, and the court must inject vitality into the market so that these factories can have the confidence to survive."

Prime Minister Lin Wenjing replied: "Your Royal Highness, the route planning of the highway is basically to connect county towns and prefectural cities, and the planned distance of each route is shorter.

Even if a problem occurs, the plan can be adjusted in time.

The cabinet will launch a tender for the highway project as soon as possible.

The railways built this time are all long-distance railways.

Not just consider the current situation, but also consider the future situation.

Railway planning is being studied by cabinet organization experts and a specific plan will be formed in the near future.

Water conservancy projects are centuries-old projects. Once something goes wrong, tens of millions of people will be affected. We must be cautious and cautious.

The planning of the water conservancy project will take at least one year, and only after it is confirmed that there are no problems will the bidding start."

Prince Su Shu nodded and said: "These projects will be carried out slowly, as long as the court takes action and gives the people confidence.
Chapter completed!