Chapter 1674

As Japan’s top financial magnate, Ito family had been continually losing its grip on the country’s economy.

Another huge Japanese family, Takahashi family, also faced the same dilemma.

Both families were actively seeking breakthroughs. So, both pinned all their hopes on the top Chinese families.

As the top family in China, Schulz’s family’s influence had been on the rise for the past few years and as China rapidly developed, so did the strength of the Schulz family.

Schulz family’s primary focus these past few years had been maintaining and consolidating the domestic market. In these past two years, they began turning their attention to the overseas market after securing its position as the top conglomerate in China.

As a result, many Japanese families and tycoons were eager to develop in-depth collaborations with Schulz family.

Over the past ten years, China’s import and export trade had continued to grow. The demand for shipping boomed, and the construction of new ports had been extremely fast-paced. Now, China accounted for seven of the world’s top ten ports in terms of cargo volume.

Today’s global trade relied heavily on shipping and logistics. The vast majority of oil, ore, and various goods relied heavily on ocean transportation.

For instance, the entire East and Southeast Asia’s iron ore stock relied on a massive transportation network from Australia and Brazil.

Schulz family had been in the port business for many years, having their own industry and owned stocks in major domestic ports. They were preparing to build Asia’s largest shipping company and fleet, which would greatly complement the handling of resources in their domestic ports.

To build the largest shipping fleet in Asia, the Schulz’ invested heavily on their own and was ready to work closely with Japan and Korea to hand a part of them, allowing Schulz to have in-depth participation in the industry.

Japanese and Korean consortiums were included mainly because they were developed countries. Global demand for shipping was high. Korea’s Busan port, Japan’s Tokyo, and Yokohama port were examples of very established ports in Asia.

If Schulz family could hold on to these ports’ resources, the family shipping company would indeed take control of East Asia’s lifeline to a certain extent, and future profit margins would be absolutely humongous.

The consortiums of Japan and Korea were very excited about this news. They all hoped to work with the Schulz family and hop on their big boat.

In Japan alone, at least a dozen families and consortiums hoped to cooperate with Schulz family.

Among them, the strongest ones were Ito and Takahashi family.