Rebirth: He Decides to Lie Flat

Chapter 274 - 274 271 Stutter Summary

?Chapter 274: Chapter 271 Stutter Summary Chapter 274: Chapter 271 Stutter Summary Zhang Guotang ran an external trade company, mainly exporting children’s products such as strollers and kids’ beds, with children’s bicycles and mountain bikes being the majority.

As for electronic products, to be honest, I’ve never dealt with them.

The reason Jiang Yan wanted Zhang Guotang to venture into some new products was mainly because he remembered a university classmate from his previous life. Right after graduation, that classmate, through connections, had joined a rather large stroller factory and worked as a salesman in the export department.

His classmate was responsible for the European market, which coincidentally was where several of Zhang Guotang’s major clients also came from.

But a few years later, exporting bicycles to Europe became less feasible. Since the cost in China was low and the export prices were cheap, the bosses of European bicycle industries simply gave up on manufacturing in their own countries and turned to importing from China.

This was both convenient and profitable, but the negative impact was an increased unemployment rate in their own country. In order to control the import of Chinese bicycles to Europe, customs there specifically targeted China with an exorbitantly high import tax.

Consequently, if China wanted to continue exporting bicycles to Europe, it would be forced to share the burden of this extra tax with the customer. They could also choose not to take on this burden, but then they could only watch helplessly as their clients turned to Southeast Asia and Island Country for manufacturers since taking on the full tax themselves was indeed unprofitable.

Thus, within a few years, bicycle exports to Europe gradually decreased.

It’s now 2002, and Jiang Yan remembered that the tax in Europe peaked around 2006. His classmate had told him that in that year, the export of Chinese bicycle factories suffered a huge blow, and many went out of business.

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