Chapter 1104

Noel was a little puzzled. Where were the overseas emerging markets that Hou Guangbi referred to?

Hou Guangbi smiled and told him that it was China.

China is a big country with 9.6 million square kilometers and more than 1 billion people. However, such a big country had not yet completed industrialization, and its infrastructure was also very imperfect. What a huge market this is!

Now China's demand for steel was very urgent, and China had also been trying its best to expand its steel production. China's steel production was the fastest growing among all countries in the world. Even so, their steel production was still not enough, and they still had to import quite a lot of steel every year.

Of course, these market shares were basically snatched away by Japan, which was close to the water. The eyes of large steel enterprises in European countries had not yet been cast on China.

China's steel industry also had a problem, that is, there was a lot of ordinary steel and little special steel. This was because the technical content required for special steel was too high, and the technology of China's steel factories was still lacking. Therefore, the steel they imported was mainly special steel.

And Note United Steel Company, after more than 100 years of development, was at an internationally advanced level in technical accumulation and should be able to grab a considerable market share in China.

Noel asked Hou Guangbi if he meant to let Note United Steel Company export special steel to China. However, Hou Guangbi said, why don't you go to China to invest and build a factory directly?

Noel was stunned again. Go to China to build a factory? This was too unbelievable.

Hou Guangbi said that China was now using various preferential policies to attract foreign investment. If Note United Steel Company went to China to build a factory, the production cost would be much lower than producing in France, and since it was sold directly to China, the transportation cost would also be much lower. In this way, wouldn't their profits increase significantly?

Hou Guangbi described China's current situation to Noel, such as land costs, such as labor costs. In China, acquiring one mu of land only costs less than 2,000 US dollars, and a well-trained skilled worker in China has a monthly salary of less than 40 US dollars. And now, investing in China also has quite a few tax preferential policies. Calculated this way, these production costs are at least half lower than in France.

Hou Guangbi's words stunned Noel. He never thought that in China, these costs could be so low, which made Noel think about investing in China for the first time seriously.

Hou Guangbi also talked about his two investments in China, one was an electrical appliance factory he invested 10 million US dollars to build, and the other was a 15 million US dollar Changjiangdaqiao. Hou Guangbi talked about his two investments with great interest, which made Noel listen very attentively.

Of course, Noel couldn't decide to come to China to inspect so quickly. He proposed this suggestion at the company's board meeting, and after the board of directors voted to pass it, he decided to come to China to inspect.

This suggestion given to him by Hou Guangbi seemed a bit unbelievable, but it was actually the best way out for Note United Steel Company now. The European market was saturated, but the Chinese market was an emerging huge market. What did it matter to invest and build a factory in China? Note United Steel Company had investments overseas anyway.

They had invested steel enterprises in Brazil, Argentina, and other places. In fact, these places were also emerging markets. The investments in these places also brought quite generous returns to Note United Steel Company. Therefore, they were still very interested in the plan to invest in China.

Therefore, Noel came to China with Hou Guangbi when he returned to China and came to Pengjiawan to inspect the investment environment here.

Hearing Noel's words, Su Xinghui and Qi Jian were both surprised and happy. This was really an unexpected good news. A multinational enterprise of such a size actually took the initiative to invest in Pengjiawan?

Of course, it was still too early to talk about investment now. However, they came on their own initiative. In this way, it seemed that the possibility of investing in Pengjiawan Town was very large, especially with Old Mr. Hou Guangbi mediating in the middle.

Su Xinghui couldn't help but look deeply at Hou Guangbi. Hou Guangbi also happened to look at Su Xinghui. He smiled and nodded at Su Xinghui, and Su Xinghui showed a grateful smile.