“Most of the TVs in the world are produced in China, which are cheap, affordable and cost-effective; the world’s mobile phones are divided into two parts, the United States’ Apple occupies a large part, and the remaining large part is China’s Huawei, Xiaomi, Vivo and Oppo. What about Japanese mobile phones? Even South Korea’s Samsung is absent, and it’s already decadent!”
Koichi Tanaka couldn’t help but feel frustrated: “Mr. President, you are right. We in Japan have indeed completely lost many traditional advantages, especially in electronic products…”
Ito sighed: “More than electronic products? In addition, Japan’s steel industry was once the world’s top, our special steel, even the Americans have to look up, but because Kobe Steel was exposed to a long-term fraud scandal. , And it plummeted!”
“Originally, Japan’s Shinkansen technology was the world’s best. High-speed rail technology was invented by us. The strength was unique in the world. But who would have thought that China’s high-speed rail would come to the top, so that our Japanese high-speed rail technology and the high-speed rail technology of Germany and France all Decreased into the second-rate in the world, Japan’s Shinkansen has also lost a lot of overseas markets…”
Koichi Tanaka also kept sighing: “We, the Ito family, hold different proportions of shares in the companies you mentioned. They are lonely, and our assets are shrinking. This is indeed a very serious problem… .”
Takehiko Ito hates that iron cannot be made into steel and said: “Not only that, but the most important thing is that our young people in Japan are seriously lacking in creativity as a whole!”
“Look at China in the past few years. A large number of world-class Internet companies have been born, such as Tencent, Alibaba, Toutiao, JD.com and Pinduoduo, as well as DJI drones that account for more than 70% of the world’s drone market. In contrast, Japan has never had an influential Internet company in recent years! If we continue to develop like this, we will lose all our advantages!”
Hiroshi Tanaka nodded: “In contrast, the top families in China, with the continuous development and progress of all walks of life, their wealth and influence are also increasing. They now have the ability to directly challenge Europe and the United States. They don’t put Japanese companies in their eyes at all.”
“That’s it.” Ito said with melancholy: “Before, they were still chasing us. As a result, in the blink of an eye, they surpassed us and chased the United States, but we were left behind by them. In the back of our heads, so that we now want to make a breakthrough in business, we have to turn back to please the Chinese family. It really responds to the old Chinese saying, 30 years in Hedong and 30 years in Hexi… .”
Speaking of this, Ito Takehiko seriously said: “Because we have been stagnating and China has been developing rapidly, we now need to be firmly tied to China’s top families. This time the Su family’s cooperation is right. For us, the significance is very important and should not be lost.”
Hiroshi Tanaka nodded in a hurry and blurted out: “President, please rest assured, I will definitely go all out!”
The Japanese economy has been sluggish in recent years.
FAQ Novel
Q: What is discussed regarding Japan’s economy?
A: The chapter analyzes the slowdown of Japan’s national economy over the past decade and its impact on top families.
Q: What reasons are given for Japan’s economic challenges?
A: Reasons include resource scarcity and a lack of innovation in high-tech fields like the Internet.
Join the discussion on Millionaire Son in Law Chapter 1673 in the comments section below.