- Simplified Chinese localisation made by 霜月ユキミ added.

- Increased the temporary Interest Group Political Strength boost from maintaining current ideology for Devout and Landowner ideology changes.
- Decreased effect of Banking System Law on Market Volatility.

Depression JE Balance
- Somewhat reduced the effect of GDP Growth on Recovery Progress in a Depression.
- Somewhat increased the effect of Market Confidence on Recovery Progress in a Depression.
- Decreased the minimum values on monthly progress from Growth and Confidence from -0.1, to -0.25.
- Decreases in Depression effects start more slowly, and accelerates at 60 recovery progress.

Depression JE Events
- Added bankruptcy events for unprofitable and unsubsidized industries and farms with low cash reserves that can destroy buildings. If you have Traditionalism, Laissez-Faire or Agrarianism (latter with the exception of farms), there is no way to avoid destruction of unprofitable industries from the event. Farms, Tertiary Industry, Light Industry and Heavy Industry can be hit.
- Added an event for a ripple effect from Depressions if a customs union leader, or a junior partner with a GDP of 20+ million, experiences a depression. This reduces market confidence in all other partners, and reduces relations with all of them by 20.

Business Cycle Balance
- Maximum Volatility per month from Construction Sectors set to +1 per month, from +2 per month.
- Maximum Volatility per month from Financial Sectors set to +1 per month, from +2 per month.
- Maximum Volatility per month from Industrialization set to +0.5 per month, from +1 per month.
- Changed how Market Confidence from debt works: if debt is below 25% of the maximum, it has no effect on Market Confidence. If debt is between 25-50% of maximum, it has a small effect on Market Confidence. The malus increases dramatically once debt is above 50% of the maximum, to a maximum of -2 per month at around 85-90% debt.

Tertiary Sector
- Slightly reduced Entertainment demand (warning for saves: this will cause entertainment sectors to be somewhat less profitable).
- Rebalanced Entertainment Sector PMs.

Balance
- Reduced Poll Taxes in Unincorporated states, and slightly increased tax waste from 35% to 50%.

Interest Group Ideology Change
- Industrialists in most countries start with the Protectionist ideology instead of Laissez-Faire.
- Britain, France, Belgium, the Netherlands, Sweden and Spain start with Industrialists already supportive of Laissez-Faire and Free Trade.
- The Protectionist ideology for Industrialists supports Interventionism and Protectionism over Laissez-Faire and Free Trade, but on other issues have the same views.
- A Journal Entry will convert the Industrialists to support Laissez-Faire and Free Trade with a high level of industrialization, high GDP, an average SoL above 10 and the Business Cycle journal entry active.
- If Business Cycles have been turned off in game rules, the journal entry checks if the Industrialists have a Market Liberal leader instead of relative industrialization.
- For the USA, the journal entry also requires the Mississippi Compromise to no longer be in force.
- Will not retroactively apply to existing saves.

History
- Britain, the Netherlands and Norway start with Central Bank laws.
- Qing starts with the Merchant Banks law.
- Qing starts with a modifier: Piaohao which increases maximum Financial Centres that can be built in a state and output of Financial Services. This modifier is lost if the Qing enact a different Banking System.
- Qing starts with the Currency Standard technology researched.

Other
- The Plight of the Serfs journal entry is now also advanced by the popularity of Land Reformer and Agrarian Socialist agitators.

Depression Journal Entry
- Depressions now have an associated journal entry instead of being purely a modifier.
- Depressions will slowly recover over time, sped up by economic growth and market confidence, and slowed down by economic contraction, low market confidence and having the Merchant Banks law.

Other
- Slightly increased the reduction in ideology penalty for Two-Party Systems.
- Fixed Central Banking laws not giving Financial Sector max buildings.

- Completing the Defang the Trade Unions journal entry to remove the Socialist ideology is harder if the Free Unions law is active.
- Tax Relief now available with the Minority Nationalism even if the state is unincorporated, as the mod adds land and per capita taxes to unincorporated states.
- Unincorporated states have increased tax waste.
- Slightly increased radicalism from discrimination from the Nationalism and Pan-Nationalism techs.
- Slightly reduced market volatility gained from the different banking system laws.

- The economic maluses from radically transforming the economy as a council republic last longer.
- Fix to Tooling Factories in a Mixed Economy not being able to have Mixed Ownership if they had Machine Tools active.
- Machinists, Clerks and Laborers are more attracted to Trade Unions in Council Republics if loyalist, and more attracted to Independent Workers in Council Republics if radical or neutral.
- Council Republics reduce political clout from wealth and increase poor strata SoL expectations.
- Cooperative Ownership increase poor and middle strata SoL expectations.
- Free Unions increase poor strata SoL expectations.

- Annual GDP growth is now an important factor in Market Volatility. (will have a value of 0 until january 1837 for new games, and a value of 0 until january of the next year when loaded in existing saves)
- Added events for speculation when an economy has grown by 15%+ in a year.
- Fixed New Economic Policy ideology not being properly added to the Petite-Bourgeoisie when a Council Republic opts for a Mixed Economy during the revolution.

- IG opinion from laws they strongly oppose or support increased to 3.
- Ideologies in general have more laws they strongly oppose.
- Boost to Armed Forces attraction from working in military industry increased.
- Increased Prestige from being the leading goods producer of most tertiary goods.
- Reduced the profitability of the Securities Trade, Hedge Funds and Planning Bureau PMs for the Financial Sector.
- Rivals will often seek to protect secessionists.

Balance
- Halved interest group attraction from leader ideology.
- Adjusted Trade Union, Independent Worker and Petite-Bourgeois pop attraction from Standard of Living.
- Autocracy increases the authoritarian bureaucrat attraction to the government interest group if there is only one government interest group.
- Increased the effect of Agrarian Aristocracy on Landowner attraction for wealthy farmers.

Other
- Depressions and Gilded Ages last longer than Booms and Recessions (3 years of full effect and 3 years of decaying effect, instead of 2 years of full effect and 2 years of decaying effect).
- Market Liberals and Protectionists are much more likely to appear during recessions and depressions for Cooperative Ownership economies.

New Industry: Media
- Adds a new Good, Media, produced by a new building.
- Media can cover part of a pop's Entertainment and Communication needs, as well as the new News need.
- Media uses very few convoys compared to other goods to be traded.
- Media can be exported and imported, unlike Entertainment.
- Media is produced by the new Publishing Industry building.
- The Publishing Industry is available from the start and unlocks more advanced PMs from both social and production technology.
- The Publishing Industry employs Academics, Shopkeepers, Clerks, Machinists and Laborers with different PMs.
- The Publishing Industry can have the Mixed Ownership method with the Mixed Economy law.
- The Publishing Industry have a unique ownership method: Independent Publishers. Independent Publishers give shares to shopkeepers and academics, and is an alternative to Privately Owned.

Other Changes
- Heirs can no longer be influenced towards Radical or Anti-Clerical ideologies.
- Completing the "Ruler of the East" journal entry will now also see the manchus of outer manchuria leave for northern manchuria, settle a small number of loyal russians in outer manchuria and give the state a five year boost to migration attraction.
- Migration Pull from empty jobs capped to 10 instead of 30.
- Companies with a productivity above 20 will be considered profitable regardless of the global average.
- Rebalanced Hospitality PMs.
- Fixed Mixed Economy boosting market confidence after an economic boom.
- British Intelligentsia replace the Propagandists trait with the Oxbridge trait (increasing research speed and country influence).
- Some states have a buffed version of the Minor River state trait, giving 3 max river development instead of 1.
- Several rivers have increased max river development.