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Chapter 221 Clothing Industry Profits

Previously, Xue's Manufacturing was suppressed by the Jardine Matheson Group. If they had not taken action at that time, Xue's Manufacturing would not have had any problems in the end.

Due to the relationship between Xue's father and Huo Daheng, a phone call from the other party can make the blockade of the Jardine Group come to nothing.

With Huo Tycoon here, there will be no problems in the supply of raw materials to Xue's Manufacturing Industry. Once they are unable to choke each other in terms of raw materials, no matter how powerful they are, they will not be able to cause a substantial blow to Xue's Manufacturing Industry.

If they force it, then the unity of Xiangjiang's garment industry will be broken by them. How will they have the face to represent the entire garment industry?

For a while, several big bosses looked serious and did not speak. The matter was so difficult that they themselves did not expect such a situation to arise.

Although Yuchen clothing has not yet been put on the market, several big guys have been working hard in the clothing industry for so many years.

Each of them has made it this far, and none of them are stubborn in their thinking.

Even if they can't see it, the fashion designers under them are not blind, so they won't be able to see the potential of Yuchen's clothing.

It is precisely because everyone has seen it that everyone becomes anxious and angry. Otherwise, given their status and having a lot of things to do every day, they would have no time to sit here and chat and drink tea.

Although several big bosses wanted to suppress Xue's Manufacturing Industry, no one brought it up.

Not to mention that Yang Chen now has the support of four big bosses who are more powerful than the combined strength of them. Even if they are faced with a single Huo Tycoon, they cannot use force to suppress Xue's Manufacturing Industry.

The relationship between Xue's father and Huo Daheng is different from most people. Their friendship is not just lip service.

Once Xue's father is really targeted by a group of them, Huo Daheng will 100% stand up and help without Xue's father opening his mouth.

The people who can sit here are all human beings. Everyone can think of this, so they don't want to say anything.

"I think everyone shouldn't think too much about it. Why don't we wait and see how it goes?"

To be honest, the garment industry in Xiangjiang is still in a period of transformation. Most of the garments produced by garment factories are relatively old-fashioned, so the prices are not very high, and they are basically taking the low-end route.

Nowadays, the design of Yuchen clothing launched by Xue's Manufacturing Industry is no less than that of foreign fashion brands.

If Xue's Manufacturing takes a mid-to-high-end route, the impact on most garment factories will not be great. As long as Xue's Manufacturing does not take a low-end route, it will not cause too many people to resist.

For a few of them, although the impact will be greater, foreign fashion brand clothing has begun to invade the Hong Kong market, and even if it has an impact, it will not be that big.

Everyone relies on their strength and ability to make a living. Since there is nothing that can be done to stop it, we can only continue to read on.

All along, most of the trendy clothing they have are licensed from foreign clothing brand companies.

Although there are many local clothing brands in Xiangjiang, there is still a certain gap compared with foreign brands.

Now Xue's Manufacturing has launched self-designed local brand clothing, which will have some motivating effect on them.

The garment industry in Xiangjiang has always been an important lifeline of Xiangjiang's economy before the financial system in Xiangjiang was fully developed.

The 1970s and 1980s were the golden age of industrial production. Xiangjiang's garment industry began to supply local production to the European and American markets.

Until the 1990s, due to the intensification of local labor costs, Xiangjiang garment manufacturers began to invest and set up factories in the southern inland areas and the Zhujiang Delta.

Since the 1940s, Xiangjiang's garment industry has been striving to cater to the market, and eventually it gradually became an important industry for local exports in Xiangjiang.

The reason why Xiangjiang's garment industry has become a pillar industry that Xiangjiang's economy cannot do without is because they are good at absorbing good things from the outside world and constantly improving and updating them bit by bit.

As a result, Xiangjiang's garment industry will achieve sustained development. It is precisely because of the continued prosperity of Xiangjiang's garment industry that Xiangjiang's garment industry has always occupied a place in the market economy of Xiangjiang.

Compared with the real estate industry, the influence of Xiangjiang's garment industry in the world is really important.

After all, real estate has certain limitations.

Especially as Xiangjiang enters the "front store and back factory" model, Xiangjiang's garment industry begins to enter the high-end era, and this advantage is particularly obvious.

From an economic perspective, the first impression Xiangjiang gave the world was its high-quality and efficient manufacturing industry, and the garment industry was the mainstream of Xiangjiang's manufacturing industry.

Speaking of the garment industry in Xiangjiang, although there are numerous large and small garment factories in Xiangjiang, nearly 80% of the market is directly controlled by the top ten leaders in the garment industry in Xiangjiang.

Especially for Xiangjiang's garment exports, almost 90% of finished garments are produced by the top ten textile factories in Xiangjiang's garment industry.

Among them, those who control the development of the entire Xiangjiang garment industry are precisely the few big guys gathered here.

As we all know, the most profitable industry in Hong Kong is real estate. If you buy a piece of land or a building and rent it out, you can enjoy the appreciation in value.

Therefore, there is no doubt that the real estate industry has always had the greatest impact on Xiangjiang’s economy.

From the fact that the top ten richest people in Hong Kong in later generations are basically all related to real estate, it is not difficult to see that the impact of real estate on the economy of Hong Kong is not insignificant.

However, although the real estate industry is profitable, it is also the most dangerous industry. It can make you rich overnight, or it can make you bankrupt in an instant.

Especially in an area like Xiangjiang that is very susceptible to the influence of the general environment. The real estate in Xiangjiang has gone up and down, and the big bosses who are not strong enough will die in the end without knowing how.

Compared with real estate, Xiangjiang's garment industry is much more stable. Xiangjiang's garment industry has been rising steadily from the beginning.

No matter how the general environment fluctuates, Xiangjiang's garment industry has maintained steady growth.

Moreover, when it comes to huge profits, real estate is sometimes not necessarily more profitable than the garment industry.

Think about the famous brand clothes in later generations. For the same fabric, the price difference was ten times or even dozens of times just because of the difference in reputation between the two.

And when real estate increases tenfold, a bubble comes out and can drown everyone in an instant.

But clothing does not. Sometimes, let alone ten times, even a hundred times, there will be no bubbles.

On the contrary, the more expensive you sell it, the more people will follow it.

Unlike the huge profits in real estate, which are easily resented and complained by the common people, the huge profits in the garment industry have always been unknown.

Many people are used to making a fortune in silence, and it is really difficult to investigate. After all, if you want to find out the specific profit of each piece of clothing, how can outsiders know if you are not one of your own?

But real estate is different. The house is placed there, and anyone who is interested can find out everything with just a little investigation.

Therefore, the garment industry is sometimes the real invisible profit-making industry.
Chapter completed!
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