The Charismatic Charlie Wade

Charlie nodded and asked him, “What is your name?”

The young man replied, “My name is Francis Wade.”

Charlie nodded slightly and said, “Okay, let me ask you, what business is your family currently operating overseas?”

Francis Wade hurriedly said, “We produce and sell Chinese-style furniture throughout Europe, mainly for Chinese customers, and our production place is Romania.”

Charlie frowned and asked, “Why do you want to produce Chinese-style furniture in Romania?”

Francis Wade replied, “The main reason is that Romania’s timber production is very high, and their labor costs are relatively cheap.”

Charlie asked again, “Then how many workers do you have in Romania? What is the annual output value?”

Francis Wade thought for a while and said, “We have approximately 10,000 employees in Romania, with an annual output value of approximately 2 billion euros and a net profit of approximately 20%.”

a net profit of 400

Francis Wade said, “A few years ago,

that my family move the

did

“Originally, we produced in China

logistics cost was much higher, because the domestic labor was relatively cheap,

continue to increase tariffs and other taxes on foreign products in

will lose all advantages in the European market, and profit margins

imported furniture, and so far it has

and said, “After you move your business to

re-registered a company in Romania, which is equivalent to turning our products into local products produced in Romania, and because Romania has also joined the European Union, the entire European market has given great preferential policies to Romanian

we have actually

are lower, our prices can be lowered, which also allows us to have more sales,

been producing Chinese-style furniture,