"It's not just a Berkshire Hathaway problem, it's a problem for the entire U.S. textile industry, and labor costs are too high." Zekens said helplessly.

"The market is such a thing, what should be eliminated will be eliminated, the American textile industry, is no longer good, the right thing to do, is to let go." Chen Zhiwen said lightly.

The textile industry may be a little more skilled than the garment industry, but for Europe and the United States, any country can make it, from the beginning of the birth of the textile industry, there are a large number of such companies in various countries, after all, wearing is a necessity of life.

Before the advent of containers, the cost of shipping is relatively high, and there is no perfect protection for maritime transportation, textiles may be damaged on the way to shipping, so the transoceanic transportation of textiles is not nothing, but the cost is high, generally exported to Europe, the United States, Japan and other countries to those who have no basic industry in Asia, Spice Girls, Africa and other countries, and the local market, are responsible internally.

Because their costs are similar, it is impossible for anyone to occupy the possibility of the other party's market after having transoceanic transportation costs, unless it is some special high-end products or professional products, but these quantities are very small and do not affect the local textile industry in Europe and the United States. So before the 50s, the textile industry in various countries was very nourishing, and they controlled the market of their own countries.

Berkshire Hathaway is one of the leaders in the textile industry in the United States, once controlled 10% of the textile industry in the United States, but after the emergence of containers, the cost of textile transportation became lower, and Asian countries began to develop the textile industry The first step is the textile industry, so it has been hit like never before, after all, whether it is clothing or textile, it takes a lot of manpower, and the labor cost of this piece, the United States is qualified to compare with Asia, and the same is true in Europe, but there are more high-end clothing brands in Europe, and it can support for a while for the time being.

Berkshire Hathaway is not good, a huge company, a net profit of only a few hundred thousand dollars a year, this is still because of the result of Buffett's investment profit transfer, the pure textile industry is already losing money, if it were not for social responsibility, Buffett would have cut this business a long time ago.

"I hate to admit it, but it's true." Zekens took a sip of liquor and said with some frowns.

"The textile industry in the United States is absolutely powerless, and no one can save it, but Berkshire Hathaway can still be saved." Chen Zhiwen looked at Cai Kens and said, "Just move to Hong Kong." ”

"What Mr. Buffett said is really right, Mr. Chen went to see him last time, in fact, this is the purpose, right?" Zekens said with a smile.

"Yes, Hong Kong needs a high-end textile industry, that's what I'm aiming for." Chen Zhiwen shrugged and admitted.

"As far as I know, Mr. Chen's industry does not have a garment industry or a textile industry, so why is he interested in this?" Zekens asked.

"I have a trading company that specialises in buying textiles, so I naturally want the cost of Hong Kong's textile industry to be lower." Chen Zhiwen said with a smile.

There are also many textile factories in Hong Kong, the largest South African spinning mill is very large, with thousands of employees inside, but both technology and quality are not as good as many long-established textile factories abroad, and some of the slightly more high-end garment companies in Hong Kong have to be imported from outside, which increases the cost.

For Chan Chi-man, who wants to turn Hong Kong into the best supplier of his retail empire, this cost is wasted, and if he introduces a foreign-funded textile industry with the right technology to Hong Kong, it can not only reduce his procurement costs, but also allow local brands to make more profits, and perhaps develop Hong Kong's high-end textile manufacturing industry.

The most important thing is that you can develop in the domestic mainland in the future, and at the same time, it can be regarded as making friends with Buffett, and maybe there will be other opportunities for cooperation in the future.

Of course, there is another larger purpose, but it has not yet started to lay out, and it may not be successful.

"I see." Zekens nodded, it is indeed not easy to find a company like trading, and he has only checked it roughly.

Chen Zhiwen continued: "Mr. Tankens, you are willing to come to Hong Kong, in fact, you should have such thoughts, right? ”

"Yes, I actually had this idea a few years ago when I invested in building a factory overseas, but Mr. Buffett has always disagreed." Zekens said helplessly.

"With Buffett's shrewdness, it is impossible for him not to know that in the United States, the textile industry is impossible to promising, why not agree?" Chen Zhiwen asked with some incomprehension, this can be said to be basic common sense, in a developed country like the United States with such high labor costs, isn't it your own death to engage in labor-intensive industries?

"Of course Mr. Buffett knows that, but he'd rather pay for it than keep the mill running, because he doesn't want the workers to lose their jobs, so he naturally won't let the mill move, and he never expected to make money from the mill," Saykens said. ”

"I see." Chen Zhiwen nodded and said, it turned out that Buffett didn't look down on the textile industry at all, even if he moved abroad, even if he made a little profit, it was definitely not as good as his investment in the capital market, and now he is still maintaining the textile factory, obviously because of "social responsibility", or tens of thousands of employees, it is not so easy to dismiss.

"So I need to come up with evidence to prove that moving overseas can get enough benefits for the company, and now it seems that Hong Kong is indeed suitable for us to invest, although it is small here, but the market is big enough, and there are no strong competitors." Zekens said with a smile.

"But compared to Mr. Buffett's financial gains, this is still not enough." Chen Zhiwen smiled and said that the profit of Hong Kong's largest Nanfeng textile factory is estimated to be less than Buffett's investment, which is completely two heavens and earth.

In the future, apart from those Internet companies or high-tech electronics companies and those traditional monopolies, who can compare their profits with the financial industry? So many countries and companies have developed from real to virtual in the end, isn't it because finance is too profitable? Even Volkswagen, an auto giant, earns nearly half of its annual profits from the financial business.

"It's not enough, but it's worth a try." Zekens nodded.

"If Warren Buffett is not willing to invest too much money, I can fund a joint venture, and here in Hong Kong, I know everything, and besides, I can also provide a part of the order." Chen Zhiwen continued.

"Joint venture? Actually, I have thought about this, and Mr. Chen's purpose should also include this, but I still need to go back and discuss it with Mr. Buffett. Zekens was not surprised in the slightest, as if everything had been expected.

"Of course." Chen Zhiwen nodded and said, the investment in the textile factory is not like the cooperation with Zeng Ziqian, it needs to invest a lot of money, tens of millions of Hong Kong dollars are still needed, but if it is really invested, the future income is still considerable, and the most important thing is that he provides a new high-end textile factory for Hong Kong, which is good for him in the future, and maybe it can also help Hong Kong's textile industry to transform, although the probability is not large.

Of course, it doesn't matter if Buffett doesn't agree to the joint venture, and Chen Zhiwen doesn't matter, as long as the factory can come.

Zekens continued: "Mr. Chen, although I have also checked some Hong Kong data in the United States before, but it is not clear, and now although I have come to Hong Kong, I have limited time, so I hope Mr. Chen can help, can you help me collect some data, I can pay." ”

"Okay, no problem." Chen Zhiwen nodded, he didn't stupidly promise to help for free, although he couldn't afford this money, but the other party couldn't help it.