The ministers are indeed having a headache lately.

Excessive use of paper money is a very serious matter.

During the Xuanhe era, Cai Jing minted large coins, causing a severe devaluation of the currency, leading to widespread suffering and drawing condemnation from the people.

After the emperor ascended the throne, he sentenced Cai Jing to be beheading and his head displayed to the public because of this incident.

Although he was killed in the main hall, his crime was indeed announced to the world.

So, Zhao Ding has been having trouble sleeping lately.

Similarly, Yu Yunwen, Chen Yang, and Zhou Chao also had trouble sleeping.

The main reason for the excessive printing of paper money by the imperial court was the sharp increase in people seeking bank loans.

The reason for the sharp rise is quite simple: with the economic development in recent years, many wealthy people have emerged in the Song Dynasty.

The loan standards from seven years ago are now being met by more and more people.

The unprecedented development of commerce has also made many people eager to get involved in business.

In large cities like Tokyo or Gangneung, it's not uncommon for businesses to take out loans.

Take infrastructure construction in recent years as an example; a lot of money was borrowed from banks to build highways.

Of course, with construction, consumption, and trade, the economy is developing, and it's perfectly reasonable for paper money to be printed and issued.

After all, it generated real value.

However, some aspects of the process have not kept pace, and the driving force of the economy has failed to pick up.

For example, the South China Sea and Northeast China.

The kings of the South China Sea are now living like pigs.

It is said that due to mismanagement, the money that the imperial court had previously provided had all ended up in the hands of large landowners and officials, leaving the common people with no purchasing power.

This resulted in the Song Dynasty's foreign trade with the South China Sea remaining in a state of extreme stagnation.

The princes of the South China Sea were nominally ruled by the head of the royal family, but the policies there were actually formulated by Yu Yunwen.

As for execution, it was Prince Kang, Zhao Gou, who carried it out.

It now appears that the enforcement was very weak.

Of course, at this critical juncture, someone jumped out and wrote a memorial criticizing Prince Kang.

For example, Liu Yanzong, who wanted to take a bite out of everyone, openly criticized the Kang Prince's governance in court, leading to the collapse of the South China Sea administration.

For a time, the issue of development in the South China Sea was hotly debated in the imperial court.

Some say that education has not been properly supported.

Some say that agriculture has no focus.

Some also say that the mining industry has not developed.

The South Pacific is hot and humid, making the development of heavy industry unrealistic.

Education is not something that can be accomplished in a day.

The key industries that Southeast Asia can develop are undoubtedly:

I. Agriculture.

II. Light Industry.

Of course, Zhao Huan added another item to it: tourism industry.

The scenery in Southeast Asia and the northern border regions each has its own unique charm, attracting tourists and certainly making for good business.

However, due to inadequate publicity, the people of the Song Dynasty believed that Southeast Asia was a barren land.

The fundamental reason why it hasn't developed is that there were problems with its implementation.

Southeast Asia was too far away, and it was clearly unrealistic for the imperial court to effectively control it.

The princes, accustomed to a life of luxury in Tokyo, will surely try to maintain it once they leave.

Given the current situation, the only option left is to send a governor-general to Southeast Asia to intervene forcefully.

Otherwise, it would be a waste to leave the Nanyang region, which we have worked so hard to conquer, to fall into ruin.

After much deliberation, Zhao Huan decided to send Qin Hui to Southeast Asia as the governor-general.

After all, Southeast Asia holds a very important position. Once the sea routes between East and West are opened up in the future, Southeast Asia will be an essential passage for these routes.

It is also a transit point connecting to Australia.

After receiving the order, Qin Hui made some preparations and set off overnight.

His mission was to develop the economy in Southeast Asia.

Qin Hui's appointment was clearly a way of stripping power from the hands of Prince Kang.

In order to balance the paper money, in addition to vigorously developing the economy of Southeast Asia, the imperial court also began to fully penetrate into the southwest.

The main strategy at present is to spread out the business as much as possible.

Besides the southwest, the most important is still the northeast.

The current situation in Northeast China is that large landowners and bureaucrats control core resources, resulting in excessively high social costs and an economy that is almost stagnant.

These people have virtually no other needs besides consuming luxury goods.

Tang Ke's mild governance in the Northeast failed to shake the power of the aristocratic class.

Therefore, the emperor secretly sent a letter to Li Chongguang overnight.

A brutal upheaval is brewing in Northeast China, and bloodshed is inevitable in this process.

In addition to addressing these shortcomings, the loan conditions were also readjusted.

During this period, the Council of State Affairs, the Three Commissioners, and the Royal Bank were extremely busy.

However, Zhao Huan was still not satisfied. He felt that a war was urgently needed to solve the problem of domestic inflation.

This is the fastest and most effective method.

Just then, Billeco was courting disaster there.

Zhao Huan wrote letters to Yue Fei and Wu Jie respectively.

To articulate one's will.

With the Northwest Army preparing for war, it was only a matter of time before a war broke out on the northwestern border.

Perhaps due to the weather, neither side was willing to start a war at this time.

But both sides seem to be prepared.

Just recently, a considerable amount of grain has been urgently dispatched to the Northwest.

No one would believe that the emperor would not use force against the northwest.

Border flags fluttered, but Tokyo remained a place of peace and prosperity.

Take food delivery for example, it's getting bigger and bigger.

It quickly gained popularity among many people.

No one could have imagined that with the rise of food delivery services, the prince of Gaochang would become one of the biggest beneficiaries of this competition.

Bars' delivery staff has rapidly expanded from 100 to 300.

To his own surprise, he hasn't slept well for the past two weeks.

After capturing a portion of the market share in Tokyo City, Barsoo followed the example of some of the wealthy business owners in Tokyo City and quickly began to expand its business empire.

This chapter is not finished yet. Please click on the next page to continue reading the exciting content!