Chapter 1673

Thinking of the Banks Family’s cooperation, Ito’s expression looked a little melancholy.

Sitting in the car, he sighed and said with emotion: “Koichi, in the past ten years, the speed of our
Japanese economy has been relatively slow, so the strength of several top families, including our Ito
family, has shrunk somewhat. And the successor is weak…”

Hiroshi Tanaka hurriedly asked: “My Mr. Ito, Japan once led the world in its development speed in the
decades after the war, why hasn’t it kept up with it in the past decade?”

Ito said with regret: “There are many reasons for this lag in economic development, firstly because
Japan’s local resources and land have been very scarce; secondly, because Japan has not made
major innovations in the Internet and high-tech fields in recent years. …..”

With that, Ito Yuhiko continued with emotion: “You see, many Japanese companies that had
advantages in various fields more than ten years ago have gradually lost their original advantages in
these years;”

“Look at the previous companies such as Sony, Panasonic, Hitachi and Toshiba. They are all in the
world. I think that Sony’s color TVs were the best in the world and sold all over the world. Sony
Ericsson’s mobile phones are also World-renowned, Panasonic and Hitachi’s home appliances, and
Toshiba’s semiconductors are all top-class in the world, but what about now? All are gradually
declining!”

“Most of the TVs in the world are produced in China, which are cheap, affordable and cost-effective;
the world’s mobile phones are divided into two parts, the United States’ Apple occupies a large part,
and the remaining large part is China’s Huawei, LG and OnePlus. What about Japanese mobile
phones? Even South Korea’s Samsung is absent, and it’s already decadent!”



Koichi Tanaka couldn’t help but feel frustrated: “Mr. Ito, you are right. We in Japan have indeed
completely lost many traditional advantages, especially in electronic products…”

Ito sighed: “More than electronic products? In addition, Japan’s steel industry was once the world’s top,
our special steel, even the Americans have to look up, but because Kobe Steel was exposed to a long-
term fraud scandal. , And plummeted!”

“Originally, Japan’s Shinkansen technology was the world’s best. High-speed rail technology was
invented by us. The strength is unique in the world. But who would have thought that China’s high-
speed rail would come to the top, so that our Japanese high-speed rail technology and the high-speed
rail technology of Germany and France all Decreased into the second-rate in the world, Japan’s
Shinkansen has also lost a lot of overseas markets…”

Koichi Tanaka also kept sighing: “We, the Ito family, hold different proportions of shares in the
companies you mentioned. They are lonely, and our assets are shrinking. This is indeed a very serious
problem… .”

Yuhiko Ito hates that iron cannot be made into steel and said: “Not only that, but the most important
thing is that our young people in Japan are seriously lacking in creativity as a whole!”

“Look at China in the past few years. A large number of world-class Internet companies have been
born, such as Tencent, Alibaba, Toutiao, JD.com and Pinduoduo, as well as DJI drones that account for
more than 70% of the world’s drone market. In contrast, Japan has never had an influential Internet
company in recent years! If we continue to develop like this, we will lose all our advantages!”

Hiroshi Tanaka nodded: “In contrast, the top families in China, with the continuous development and
progress of all walks of life in China, their wealth and influence are also increasing. They now have the
ability to directly challenge Europe and the United States. I don’t put Japanese companies in my eyes
at all.”



“That’s it.” Ito said melancholy: “Before, they were still chasing us. As a result, in the blink of an eye,
they surpassed us and chased the United States, but we were left behind by them. In the back of our
heads, so that we now want to make a breakthrough in business, we have to turn back to please the
Chinese family. It really responds to the old Chinese saying, 30 years in Hedong and 30 years in
Hexi… .”

Speaking of this, Ito Takehiko seriously said: “Because we have been stagnating and China has been
developing rapidly, we now need to be firmly tied to China’s top families. This time the Banks Family’s
cooperation is right. For us, the significance is very important and should not be lost.”

Hiroshi Tanaka nodded in a hurry and blurted out: “Mr. Ito, please rest assured, I will definitely go all
out!”

The Japanese economy has been sluggish in recent years.

Update of The Charismatic Charlie Wade

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