Through the wealth life

Chapter 867 Japan-US Trade
When Li Guangyu and Cao Weiqing arrived at the banquet hall, Li Ka-shing and others were already communicating enthusiastically with other guests who arrived in Xiangjiang.

At present, whether it is Cheung Kong Group, Shau Kee Group, or even other real estate groups, there are projects under development in Japan and Taiwan. Even in Malaysia and Singapore, there are Chinatowns under construction, and all parties are familiar with each other.

After Li Guangyu arrived, today's participants were all present.

Gu Zhengsheng, president of Xingyuan Group, made a congratulatory speech at the reception, and Li Guangyu also delivered a speech.

Li Guangyu said: "I am very honored to reach this cooperation agreement with you. In the past few years, our Li's industry has maintained a friendly cooperative relationship with you. The joint development of the Marandu Iron Mine will bring us closer. , We have been committed to mutual cooperation with everyone for mutual benefit and win-win results. We share common interests, and the Marandu Iron Mine is a combination of our interests. I wish our Marandu Iron Ore Development Company a better and better future.”

This reception is not only a celebration reception for the establishment of the Marandu Iron Ore Development Company, but also a platform for exchanges between various forces.

After the reception officially started, the wives started chatting among themselves, and these shareholders communicated with each other.

On Li Guangyu's side, Sumitomo Qiying and Nagao Mitsui communicated about the current situation in North America.

At present, among the major consortiums in Japan and the United States, the Japanese consortium headed by the Mitsui conglomerate is fighting openly and secretly with the American consortium in many fields in North America. Since the 60s, the trade friction between Japan and the United States has not stopped.

From textiles at the beginning, to the steel industry later, and now to automobiles and electronic products, the United States has not only increased the tariffs of the Bentley Group, but also the Japanese groups, and has also restricted the number of Japanese automobile imports.

Japanese auto groups led by Toyota, Honda, and Nissan had to establish production companies in the United States to break through the US import restrictions for the US auto market.

The products of several major Japanese conglomerates and many groups have been specifically targeted by the United States, either by increasing tariffs or imposing strict quantitative import restrictions. At the same time, the US government subsidizes its own domestic companies, so that many Japanese industries and groups do not have a level playing field at all. .

Now Japan’s major consortiums are under great pressure. Due to historical and practical reasons, their government can only make concessions again and again in the face of the pressure from the US government, which limits their ability to fully compete with American consortiums and groups.

Sumitomo Qiying came here in person this time, also hoping to deepen ties with the Lee Consortium and these Chinese families, and hope to join hands with them to fight against the American consortium.

Although some of their industries also compete with the Li's consortium, but now that the enemy is facing them, they must first deal with the pressure of the American consortium, and the small amount of conflict with the Li's consortium has not affected their mutual cooperation.

Moreover, they never thought that the Li's consortium and the Xiangjiang consortium were their opponents. Although the current Li's consortium is developing rapidly, there is still a world of difference compared with them. As long as they can overwhelm the American consortium this time, Li The consortium is just a small problem.

As long as their big consortiums are willing, they can easily solve the problem. In their view, the Xiangjiang consortium is even more disorganized. Without the presence of the Li family consortium, the Xiangjiang consortium will not exist.

Regardless of whether it is the American consortium or the major Japanese consortiums, they all have strong national power behind them, and the Li's consortium and the Xiangjiang consortium are like duckweeds. Who can they rely on? The nature of the consortium makes the situation they face in the future very difficult. difficult.

Without the support of a solid market and huge national strength, the Lee Consortium will only be a target for all parties. Dealing with the Lee Consortium is much easier than dealing with the Korean consortia, even if the strength of some Korean consortiums is far from being able to compete with Lee's. Compared with the consortium.

Therefore, the Mitsui Foundation and the Sumitomo Foundation are not only not worried about the current development momentum, but they are happy to see its success. They hope that the rise of the Lee Foundation can cause some troubles for the American Foundation.

And the Lee consortium has indeed created a lot of difficulties for some American companies and consortia. In the field of American luxury cars, the top end is occupied by the Bentley Group, and the middle and low end are occupied by their Japanese major groups. The market share of branded automobiles is decreasing year by year.

In the game industry, Xingyu Game Group and their major Japanese game groups have suppressed Atari Game Company in the United States to the verge of bankruptcy.

In terms of retail supermarkets, Hengyu Supermarket Group cut off the pace of Wal-Mart's expansion into Asia, and in terms of clothing, the competition between Feiyu Group and Nike in the United States has also entered a fierce stage.

On the mobile phone, the Phoenix Group competes with Motorola in various regions of the world.

Although these are not the core industries of those consortiums in the United States at present, the Li's consortium has not yet posed too much threat to them.

However, with the development of time, the enterprises of the Lee Consortium continued to grow, and Sumitomo Qiying believed that the Lee Consortium could not coexist peacefully with the American consortium, and the economic war between the two sides was inevitable in the future.

Li's consortium will be like them in the future. For the sustainable development of the industry, no matter whether it is active or passive, it must compete with the American consortium, unless the Li's consortium does not want to continue to develop.

They and the Li's consortium are natural allies. As long as the American consortium does not fall for a day, they have a common enemy. If they don't cross the hurdle of the American consortium, even if they fight each other, it will be useless.

Moreover, the executives of the major Japanese consortiums also know that Li Guangyu has always regarded the United States as an opponent, otherwise the Li consortium will not delay in entering the American market, but will continue to stabilize the current markets in Greater China and Southeast Asia, and continue to expand in Western Europe. and the Australian market.

They know that the Lee Consortium does not want to intervene in their struggle for the time being, so as to avoid affecting the development of the Li Consortium, so even if the United States increases tariffs on the Bentley Group, the Li Consortium did not respond too much, nor did it in the United States Establish a production base in-house.

The Lee Consortium owns Xinghong Sports Group in the United States, and each club is a champion defender or contender in the league.

With their publicity for the Bentley Group, Jaguar and Bentley can maintain their market share in the United States, otherwise the Bentley Group would have been out of this competition long ago.

This time Sumitomo Qiying came here in person, hoping to reach more cooperation with Li Guangyu in the North American market, and the two joined forces to deal with the competition with the American consortium.

Now the United States is brewing a new round of targeting them. Over the years, there has been a huge trade deficit between them and the United States, which is why the United States restricts them in many industries.

The profit that the Lee Consortium currently earns in the US market is just a drop in the bucket of their trade deficit. This is why the US consortium does not specifically target the Li Consortium for the time being. The Bentley Group’s tariff increase is more likely to be affected. fish pond.

The trade friction has caused considerable damage to the major Japanese conglomerates. This makes it difficult for them to realize their ambition to occupy the US market, and it also hits the development momentum of their companies head-on. I don’t know which industry the US will be in this time. To target them, they can only hope to attract more allies to resist a new round of attacks from the American consortium.

(End of this chapter)