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%.”

nodded and said, “In this way, you have a net profit of 400 million euros a

years ago,

that my family move the production base

him, “Why did you suggest moving to

with some pride, “Originally, we

cost was much higher, because the domestic labor was relatively cheap, the overall profit rate was even higher than it is

a hunch that Europe will continue to increase tariffs and other taxes on

that case, our products will lose all advantages in the European market, and profit margins

been increasing tariffs on imported furniture, and so far it has

move your business to Romania, can you avoid

base to Romania, we also re-registered a company in Romania, which is equivalent to turning our products into local

have actually enjoyed this preferential

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

who have been producing Chinese-style furniture, every company that sells to Europe has suffered