When Li Guangyu and Cao Weiqing arrived at the banquet hall, Li Ka-shing and others were already communicating warmly with other guests who had arrived in Xiangjiang.

At present, whether it is Cheung Kong Group, Zhaoji Group, or even other real estate groups, there are projects under development in Japan and Treasure Island, and even in Malaysia and Singapore, there are also Chinatown under construction, and all parties are familiar with each other.

After Li Guangyu arrived, all the participants for today arrived.

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 recent years, our Li industry and you have maintained a friendly cooperative relationship, the joint venture development of Malandu iron ore mine, will be closer to our relationship, we have been committed to mutual cooperation and mutual benefit and win-win results, we have common interests, Marandu iron ore mine is a combination of our interests, I wish our Marandu iron ore development company prospects better and better." ”

This reception is not only a celebration of the establishment of the Marandu Iron Ore Development Company, but also a platform for the exchange of forces from all parties.

After the official start of the reception, the wives chatted in their own circles, and these shareholders communicated with each other.

On Lee Kwangwoo's side, Sumitomo Kiei and Nagao Mitsui are communicating about the current situation in North America.

At present, among the major consortia in Japan and the United States, the Japanese consortium headed by the Mitsui consortium is engaged in open and covert battles with the American consortium in many fields in North America, and the trade frictions between Japan and the United States have not ceased since the 60s.

From textiles at the beginning, to the steel industry, and now to automobiles and electronics, the United States has not only increased tariffs on Bentley Group, but also Japanese groups, and has also limited the number of Japanese cars imported.

Japanese auto groups led by Toyota, Honda, and Nissan had to establish production companies in the U.S. to break through U.S. import restrictions for the sake of the U.S. auto market.

At the same time, the U.S. government subsidizes its own domestic enterprises, so that many Japanese industries and groups do not have a level playing field at all.

At present, the pressure on several major Japanese conglomerates is very great, and due to historical and practical reasons, their government can only make concessions again and again in the face of pressure from the US government, which restricts them from going all out to compete with the American conglomerates and groups.

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

Although some of their industries are also in competition with the Lee consortium, now that the enemy is present, they first have to deal with the pressure of the American consortium, and the small amount of interest struggle with the Lee consortium will not affect their mutual cooperation.

And they never think that the Li Consortium and the Xiangjiang Consortium are their opponents, although the Li Consortium is currently developing rapidly, but there is still a world of difference compared to them, as long as they can overwhelm the American consortium in this competition, the Li Consortium will only be a small problem at that time.

As long as they are willing to solve it easily, the Xiangjiang Consortium is even more scattered in their opinion, and without the Li Consortium, the Xiangjiang Consortium will not exist.

Whether it is the American consortium or their Japanese consortiums, they all have strong national strength as support, and the Li consortium and the Xiangjiang consortium are like floating roots, who can they rely on, and the nature of the consortium will make the situation they face in the future very difficult.

Without a solid market and huge national strength as support, but at that time the Lee consortium will only be a target for all parties, and it is much easier to deal with the Lee consortium than those in South Korea, even if the strength of some Korean consortiums is far from being comparable with the Lee consortium.

Therefore, the Mitsui Consortium and the Sumitomo Consortium are not only not worried about the current development momentum, but they are happy to see it happen, and they hope that the rise of the Lee consortium will create some problems for the American consortium.

In the field of luxury cars in the United States, the cutting-edge is occupied by the Bentley Group, the middle and low end are occupied by several major Japanese groups, and the share of Lincoln and Cadillac in the American luxury brand car market is declining year by year.

In the game industry, Xingyu Game Group and several of their major Japanese game groups have suppressed Atari Games in the United States and are on the verge of collapse.

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

In terms of mobile phones, Phoenix Group is competing with Motorola in various regions of the world for the market.

Although these are not the core industries of the American conglomerates, the Lee consortium has not posed much threat to them.

However, with the development of time, the Lee consortium continued to grow, and Sumitomo Kiei believed that the Lee consortium would not be able to coexist peacefully with the American consortium, and that economic war between the two sides would be inevitable in the future.

In the future, the Lee consortium will be like them, for the sustainable development of the industry, whether active or passive, it must compete with the American consortium, unless the Lee consortium does not want to continue to develop.

They and the Lee consortium are natural allies, as long as the US consortium does not fall for a day, they have a common enemy, and if they do not cross the hurdle of the American consortium, no matter how much they fight each other, it is useless.

Moreover, the top management of several major Japanese consortia also know that Li Guangyu has always regarded the United States as an opponent, otherwise the Lee consortium would not have been slow to enter the U.S. market, but will continue to stabilize the current market in Greater China and Southeast Asia, and continue to explore the markets in Western Europe and Australia.

They knew that the Lee consortium did not want to get involved in their struggle for the time being, so as not to affect the development of the Lee consortium, so even if the United States increased tariffs on the Bentley Group, the Lee consortium did not react much, nor did it establish a production base in the United States.

The Lee consortium has the Star Hung Sports Group in the United States, and each club is a defending champion, or a contender, in the league.

With their promotion for the Bentley Group, Jaguar and Bentley were able to maintain their market share in the United States, otherwise the Bentley Group would have been out of the competition long ago.

This time, Sumitomo Kiying came in person in the hope of reaching more cooperation with Lee Guangyu in the North American market, and the two joined forces to deal with the competition with the American consortium.

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

The little profit that the Lee consortium is currently making in the US market is only a drop in the bucket of their trade deficit, which is why the US consortium does not particularly target the Lee consortium for the time being.

The trade friction has caused considerable damage to several major Japanese consortia, which makes it difficult for them to achieve their ambition to occupy the U.S. market, and also makes the development momentum of their enterprises suffer a head-on blow.