People in the Republic of China era began to rise from industry.

"Mr. Lin, I have long heard of your name."

"Seeing you today, I realize that reputation is far less impressive than meeting you in person."

Upon meeting, Wu Rongsheng remarked with some emotion.

He and Lin Yi had never met.

I specifically inquired about this when I was purchasing the FengHua production line.

All I know is that Lin Yi is young.

But I never expected that she would be so young.

When I was his age, I was working in my family's dye shop, helping out behind my father.

"Mr. Wu is a senior in the industry, and I have long admired him."

Lin Yi and the other party were very polite to each other.

We were seated, tea was served, and then we got down to business.

Wu Rongsheng didn't beat around the bush. He first expressed his support for the establishment of the industry association, and then expressed his concerns about the outcome of helping his peers.

They simply concealed the concern about cultivating competitors.

As a senior figure in the industry, he should at least maintain a certain level of professionalism and dignity.

"Mr. Wu, if I may ask, what percentage of Dahua's sales are exported?"

Nearly half.

Wu Rongsheng did not hide anything.

What percentage of China's annual textile exports does Dahua account for?

"It has been hovering around half before, but it should be more this year."

"As Mr. Lin knows, everyone has had a tough time these past six months, especially those of us with export business."

"I can barely keep going, but the export business of several yarn factories in Tianjin and Landao has shrunk considerably."

As he spoke, Wu Rongsheng was also very distressed.

He's lost a fortune in the last six months trying to maintain his market share overseas.

But there is nothing we can do about it.

Unless another major war breaks out in Europe, an opportunity will fall directly into his lap.

Otherwise, once the share is lost, it will not be easy to get it back.

Lin Yi nodded: "I heard that Dahua's products have a market share of about two percent in Europe."

"But Japanese textiles already account for 17% of the market share."

"As for the United States, it is dominated by Japanese goods, accounting for 31%."

"And we Chinese have almost no share."

Upon hearing the numbers Lin Yi presented, Wu Rongsheng paused for a moment, then smiled wryly and said, "To be honest, Mr. Lin, this is the first time I've ever heard of these."

Upon hearing this, Lin Yi smiled.

This data was all collected by a specialized agency that I hired.

The price is reasonable, around 200,000 US dollars.

"Mr. Wu probably doesn't know that the Japanese occupy such a large market share, and one-third of their goods are supplied by yarn factories located in our country."

This is considered a trade secret.

This is data that only customs can access.

Without hiring a well-connected and influential agency, it would be impossible to find out the truth.

Seeing Wu Rongsheng's dumbfounded expression, Lin Yi shook his head.

It's not good to just keep your head down while walking without looking up to see where you're going.

"Mr. Wu, the market is huge."

"As long as we develop rapidly and seize the market share from the Japanese, there will be no internal competition for at least five years, let alone ten."

"The money earned in these five years, if calculated at the current scale, would take fifty years to earn."

Upon hearing this, Wu Rongsheng's breathing became heavier.

Lin Yiye stopped there, picked up his teacup, and slowly drank.

Let's wait and see how Wu Rongsheng settles this score.

After a long while, Wu Rongsheng took a deep breath.

“Mr. Lin, I admit that what you said makes sense.”

"But the Japanese won't just sit and wait to die."

"Not to mention that they can replicate Fenghua's production line, they might also try to manipulate export tariffs."

Lin Yi chuckled, "Mr. Wu, this brings us back to the previous question."

"Isn't the very reason we formed a united association to deal with this kind of situation?"

"Moreover, we export to the United States and Europe, so the Japanese won't be able to interfere with the tariff issues."

"As long as our prices are low enough, we can grab market share from the Japanese."

"The solution is simply to find a few partners in the host countries and give them the profits we've gained by lowering prices."

"They have their own ways of handling these things."

Lin Yi had already thought it all out.

I'll also establish an import/export company based on my successful investments in the United States.

An import/export company specifically liaising with China.

We have to get some of the waste that's been lost back.

"As for Mr. Wu's concern about the production line being copied, this is something that cannot be avoided regardless of whether we want to seize their market share."

"But as long as we negotiate with the government and lower the current tariffs, we can completely offset the passivity caused by this matter."

Wu Rongsheng nodded.

I do admit that Lin Yi's words make sense.

If it weren't for the tariff changes six months ago, his export business would have been quite profitable.

However, just thinking about how difficult this task would be gave him a headache.

The establishment of an industry association could potentially counteract any future tariff increases.

However, reducing tariffs that have already been set in stone is an extremely difficult task.

Thinking it over, he voiced his concerns.

Without hesitation, Lin Yi gave his answer: "It would be very difficult to negotiate directly with the National Government, but Mr. Wu, we can do this in a roundabout way."

"Let's look at the data. Since the tariff increase, the biggest benefit for Europe and the United States has come from raw materials."

"But in the finished white cloth, almost all the profits are taken by the Japanese."

"This is their conflict, but it's also our opportunity."

"First, we'll work on the import tariffs on finished fabrics. Once that's achieved, the import tariffs on raw materials will be easier to handle."

"Perhaps the Japanese will help."

Hearing Lin Yi say this, Wu Rongsheng's eyes lit up.

It's worth noting that Westerners and Japanese people don't share the same interests on this point.

There is actually a lot of room for maneuver in dividing and weakening the enemy and defeating them one by one.

Thinking about it, Wu Rongsheng chuckled: "Mr. Lin, if that's the case, then I fully support the matter of helping small and medium-sized spinning mills."

To seize the export share of the Japanese textile industry, a market size that Dahua Textile Factory alone could not possibly swallow.

Even if we can't take it all, even just half would be enough to multiply the domestic textile production volume several times over.

He would be more than willing to do something that would not harm his own interests and would also earn him a good reputation.

Hearing Wu Rongsheng say this, Lin Yi immediately followed up with flattery: "With Mr. Wu's support, then this matter can be considered settled."

Wu Rongsheng laughed and said modestly, "I was just doing what I could. Mr. Lin is the one who deserves the most credit for initiating this project."

Hearing Wu Rongsheng's flattery, Lin Yi smiled and accepted it without any qualms.

If we can really seize the Japanese's overseas market share, I will certainly be the one to make a great contribution.

Textile exports were a major source of foreign exchange earnings for the Japanese.

If they suffer a severe blow, it won't just be their textile industry that will be affected...