<h2 ss="wp-block-heading">The Amazing son inw Chapter 3780</h2>


    At this moment, a young man spoke up, saying, “I realize that the ancestor worship ceremony urs once a year, but why must wee to Eastcliff to report on our duties every three months?”


    Charlie responded, “You benefit from the resources of the Wade Family and earn profits through it. I only ask that you report on your work every three months. Do you have any objections?”


    The young man quickly replied, “Our family moved overseas quite a while ago. Over the years, our business focus has shifted. Currently, the operations we run abroad have no ties to the Wade Family.”


    Charlie nodded and inquired, “What is your name?”


    The young man answered, “My name is Patrick Wade.”<fnd761> Readplete version only at find~novel</fnd761><h3 style="background-color:DodgerBlue">


    Charlie acknowledged him with a nod and asked, “What kind of business is your family involved in overseas?”


    Patrick Wade hurriedly exined, “We manufacture and sell Chinese-style furniture across Europe, primarily targeting Chinese customers, with our production facility located in Romania.”


    Charlie frowned and asked, “Why choose to produce Chinese-style furniture in Romania?”


    Patrick Wade responded, “The main reason is that Romania has abundant timber resources, and thebor costs are rtively low.”


    Charlie pressed further, “How many workers do you have in Romania, and what is your annual output value?”


    Patrick Wade thought for a moment and replied, “We employ around 10,000 people in Romania, with an annual output value of about 2 billion euros and a profit margin of approximately 20%.”


    Charlie nodded, noting, “So, that means you generate a profit of 400 million euros annually from this business alone.”


    “Exactly,” Patrick Wade confirmed. “A few years ago, our production was still based in China. I was the one who suggested relocating our production to Romania.”


    Charlie inquired, “Why did you propose moving the production base to Romania while it was still in China?”


    Patrick Wade exined proudly, “Initially, we manufactured in China and sold to Europe. Although logistics costs were considerably higher, the domesticbor was cheaper, leading to a higher overall profit rate. I sensed that the EU would continue raising tariffs and taxes on foreign products, which would erode ourpetitive edge in the European market and significantly reduce profit margins. My intuition proved correct; since three years ago, the EU has been increasing tariffs on imported furniture, which have gone up by at least 40%!”


    Charlie nodded, saying, “By moving yourpany to Romania, you can circumvent these European tariff policies?”


    “Yes!” Patrick Wade borated. “When we relocated our production to Romania, we also re-registered ourpany there, effectively branding our products as Romanian. Since Romania is part of the European Union, we benefit from favorable policies for Romanian goods. This has allowed us to enjoy these benefits.”


    “With lower tax costs, we can reduce our prices, which increases our sales and improves our overall profit margins. In contrast, otherpanies producing Chinese-style furniture for Europe have suffered significant losses.”


    Charlie smiled, remarking, “It seems you have a knack for business.”


    Patrick Wade confidently replied, “Of course! I graduated with a bachelor’s degree from Yale University at 20 andpleted my MBA in just two years. I’ve been involved in managing the family business since I was 18. While I may not be a business genius, I certainly outperform most entrepreneurs on paper.”


    Charlie nodded with approval and said, “In that case, you won’t need to return this time. Stay in China and assist me. Additionally, I will see for myself if you truly have what it takes!”<h2 ss="wp-block-heading">The Amazing son inw Chapter 3780</h2><h3 ss="has-text-align-center wp-block-heading"><strong></strong>