Chapter 580 Buffett Arrives in Hong Kong

The huge profits of the shipping industry can still be maintained for a few years, which is actually enough. If the industry fails in the next few decades, no one can do anything about it. As long as it can maintain operations, it is enough.

A big mistake many people make when doing business is that they think they should only do long-term business, but in fact, for 99.9% of people, it is enough to make money for two years. Even for some large companies, it is difficult to guarantee that their products will sell well for a lifetime, as they are constantly researching, developing, updating, and iterating.

The future positioning of the shipping company is still scale. In addition, the company will also enter the port industry. The combination of the two industries can also ensure stable operations.

Of course, the most important thing is the mainland, the future global economic engine. If we seize this market, we will be safe, whether it is shipping, ports, or even other industries.

It was soon the end of June and the summer in Hong Kong began to get hot.

Taiping Mountain, in the Yang Family Villa, in the afternoon, Su Yiyi came back from outside very happily. Yang Wendong, who was reading a newspaper, saw her and asked casually, "What are you so happy about?"

Su Yiyi came to the sofa, opened a bottle of purified water in front of her, and said, "We have finally reached an agreement on our cooperation with Berkshire. The representative from the United States will probably come to Hong Kong in a week."

"It's not easy. This matter has been going on for more than half a year, right?" Yang Wendong asked with a smile.

Unlike Changxing Group, which often does things in a swift and decisive manner, many companies involved in investment business have very slow processes, especially if it is overseas investment;
In fact, this is also true. Yang Wendong can be decisive because he knows the future. He invests in safe countries and regions with large future growth, or invests in Europe. That is for political purposes. It doesn't matter whether he makes money or not, so he doesn't need to think too much.

If he were asked to invest in Mexico, Eastern Europe or some lesser-known Southeast Asian countries at this time, he would need to make up his mind for a long time before daring to invest, and he would only start on a small scale.

Su Yiyi nodded and said, "Yes, Berkshire spent more than three months investigating the industrial and commercial background of Hong Kong in the early stage, and then investigated the investment risks and examined the quality of workers in Hong Kong;

These procedures are correct, but they are too slow. I urged them many times before they came. If Berkshire's technology was not better, I would not want to find them. "

"Big companies are all like this, and after all, they are Americans, so they have a three-point filter wherever they go." Yang Wendong sighed and said, "If you want to learn some of their technologies, you often have to cooperate with them. Relatively speaking, it's good that the progress is slow. Sometimes they can also make a lot of unreasonable demands on you."

Hong Kong might be a little better. If some cooperation is not possible, forget it. If foreign parties really take a fancy to Hong Kong, they can't be strong.

But it’s different in some places, such as the mainland in the past. If people really wanted to introduce technology, they might encounter many unreasonable demands, but there was nothing they could do. If they didn’t have the technology, they could only endure it.

Su Yiyi said: "Yes, when they come to Hong Kong to build a factory, I hope Hong Kong can learn their technology as soon as possible."

"These technologies are not that important. We can buy them if we really want. The most important thing is the market, and the foreign market is the most important." Yang Wendong asked again: "The United States has imposed sanctions on Hong Kong's textile industry. How does Berkshire plan to solve this problem?"

Although Hong Kong was once just a small city, it has created many legends in the fields of industry and commerce.

In the 80s, Hong Kong's highest record of overseas investment was fifth in the world, second only to Germany, which shocked European governments at the time.

At its peak, China's textile industry was ranked among the top ten in the world, second only to Italy, but its population is less than one-tenth of Italy's.

As early as the 50s, a large number of Hong Kong's textile products began to be exported to the world. Due to the large quantity and the conflicts between the United States and Britain, Hong Kong's textile industry was sanctioned by the United States.

Su Yiyi smiled and said, "This is not a big problem. Although the United States has imposed sanctions on Hong Kong's textile industry, the depth of the sanctions is not high. We only need to send Hong Kong's goods to other places, process them a little bit, and relabel them.

Berkshire has a factory in Mexico. In the future, we can ship goods from Hong Kong to Mexico and then change the notes. The US government will not know about this. "

"In fact, I know, but I just don't care most of the time." Yang Wendong shook his head and said, "This kind of small sanctions is actually to deliberately increase costs, not really relying on sanctions."

Many times sanctions are actually imposed for economic purposes rather than as a one-size-fits-all measure. Things like transshipment are known to every normal person, so how could the government not be aware of it?

Only the chip sanctions in the previous life were truly fatal. The purpose was a battle for high-end industries, not a mere tariff issue.

"That's right, it works anyway, and many Hong Kong companies operate this way." Su Yiyi continued, "The core issue in the future is whether Hong Kong's costs can still be comparable to Mexico after going through Mexico.

If the costs are comparable, Hong Kong will increase investment, but not vice versa.”

Yang Wendong smiled and said, "Don't worry, there will be absolutely no problem. I am very optimistic about this project. As for Mexico, forget it!"

Across the globe, industrial transfer from Europe and the United States began in the 50s, but except for a few countries in Asia, no other country was able to take it on.

Even during the Cold War, polar bears and bald eagles really provided technology, equipment, and engineers to some countries in order to win them over. However, places like the Middle East, Africa, Eastern Europe, and South America were all in a mess. There was no way to support them. They had no intention of developing industry, nor did they have enough courage to support education.

Only the area covered by Chinese culture has succeeded, and this is also the only place in the world that has the ability to fight against white people. Su Yiyi said: "Well, I also have confidence. Then the American team will come to Hong Kong next week. Do you want to participate? Buffett seems to be coming too."

"Buffett is coming too? What is he coming for?" Yang Wendong frowned and said, "Okay, I'll go and take a look too."

If someone from Berkshire Hathaway came to invest in a million-dollar project, he would not participate, but if Buffett came, he would have to give him some face.

Su Yiyi nodded and said, "Okay, I'll arrange it."

……

A week later, at Kai Tak Airport, people from Changxing Group went to pick them up and then took them to Changxing Building.

Yang Wendong and Su Yiyi were waiting here. Given their identities, it was impossible for them to go to the airport to pick him up. Even the current Buffett couldn't do that. Perhaps it would take decades before he would be worthy of him.

"Hello, Mr. Buffett." Yang Wendong knew how to greet other people politely. He didn't even remember their names, so Buffett was naturally a little special.

Buffett smiled and said, "Mr. Yang, it's been a long time since we last met. But I think we are partners now. It's not a good idea to call you Mr. anymore, right?"

"That's right, then let's call me Warren, you can call me Eric." Yang Wendong followed.

In Chinese culture, calling someone by their first name requires a very good relationship. This is generally not the case in the business world, but European and American culture is much simpler in this regard.

"Haha, Eric." Buffett said with a smile.

After some greetings, everyone came to the conference room on the top floor, where people from Changxing Group began to introduce the situation in Hong Kong, plans for future joint ventures, and so on.

Most of the issues have been discussed before, but the location has not yet been determined.

"I think Hung Hom is good. There are a lot of people living there, but there is a lack of industry." Yang Wendong suggested: "The current investment in this factory may not be large, but in my plan, a large number of workers will be needed in the future. Several large towns in Kowloon, Hong Kong have a large number of other industries. Not having enough workers will only increase our labor costs."

In Kowloon, Hong Kong, the Changxing Group has large-scale industrial bases in Kwai Chung, Tsim Sha Tsui, Shatin and Kwun Tong, which are tied to the local economy and prosper together.

So now this new big project cannot be implemented in these places. After all, a town has only 200,000 to 300,000 people, and a factory with 10,000 people is enough. If there is one more factory, there will only be a problem of insufficient manpower.

Building factories in new towns will also be of great benefit to him, especially since the Hung Hom Tunnel has been opened. In the past few years, he has specially arranged for Zheng Zhijie to stock up land in Hung Hom. In addition, Hutchison Whampoa Port is also in Hung Hom, so the economy of Hung Hom will be strengthened, and he will eventually be able to share huge benefits beyond industry.

Then there are really a lot of people in Hung Hom. The Whampoa Port itself used to be able to support tens of thousands of people. In addition, the station for the mainland train connecting to Hong Kong is also in Hung Hom, and with the tunnel, such a transportation hub can develop even without industry.

The US representatives, with the help of an interpreter, also learned about the layout of Hung Hom. David, the person in charge, said, "You are more familiar with the address investment. We need to go around the site to take a look. If there are no problems, then we can do it."

"Okay, I'll arrange someone to take you there tomorrow." Yang Wendong nodded and said.

Naturally, he didn't need to accompany her on such a small matter, he could just arrange for his subordinates to do it.

The next things discussed were some details, the most important of which was to open up the market for Berkshire in the Commonwealth. Yang Wendong of course agreed, and he also hoped to succeed.

In fact, there are a large number of textile factories in Hong Kong. Although other Commonwealth countries have strong economies, their textile industries may not be better than Hong Kong's.

Everything will depend on the cost-effectiveness of the future joint venture factory’s products.

Of course, with high-quality textile raw materials, Changxing Group can also try to make some high-end clothing or other things.

……

At noon that day, Yang Wendong hosted a banquet and invited Buffett.

"Warren, you came to Hong Kong not just to follow Berkshire's investment, right? Do you care about such a small thing?" Yang Wendong asked with a smile while drinking red wine.

……

PS: Please give me a monthly ticket
(End of this chapter)

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