"Thanks to your support, Prince Ning, we were able to build this factory."

Cui Jing smiled and said to Prince Ning.

Relocating out of Daming was a helpless choice and I had to choose to move out.

Because it is impossible to survive in the Ming Empire. Labor is too expensive and cannot compete with these overseas textile factories. In the field of textiles, the textile factories of the Ming Empire simply do not have any advantages. The main reason is that labor is too expensive.

The labor force in these overseas textile factories is very cheap, the cost is extremely low, and the advantages are very obvious.

"We in Ningguo always welcome everyone to invest, and we have also formulated many preferential policies, including tax exemption for the first three years, half of the tax for the next three years, and free land."

"Even as long as they are willing to immigrate to our Ning country, we can also provide individuals with a large amount of land, slaves, etc."

King Ning said with a smile that the Cui family in Qinghe was still influential. He was thinking about attracting more people to invest or immigrate to Ningguo. No matter which way it was, it would be profitable for Ningguo.

"Thank you so much, Prince Ning, for your support!"

"After our factory is relocated to Ningguo, I estimate that our costs can be reduced by at least 30%, and our products will be more competitive in the global market."

Cui Jing also expressed his gratitude to King Ning again.

"Although our Ningguo is not as good as the Ming Dynasty, in the field of textiles, our Ningguo still has many advantages. The textile factories established in Ningguo in the past have developed very well."

King Ning smiled and said, "Ning's other industries are not developing well, but this textile industry is developing very well."

But Ning Guo wanted to develop more than just the textile industry. Ning Wang wanted to develop industries such as steel, automobiles, electrical appliances, and shipbuilding.

It’s just that these companies are simply unwilling to invest in Ningguo, which currently does not have the capacity to develop these heavy industries and industries with high technical content.

Even with preferential policies, Ningguo is still far behind in many other aspects.

Especially for industries like automobile manufacturing, it requires extremely complete supporting enterprises and industries to truly develop. Cars cannot be manufactured by just one factory.

And Ningguo does not have a complete industrial system at all, the transportation is not good, and there are no relevant talents. Only a fool would move the automobile factory to Ningguo.

Labor is cheap, but they are all illiterate and can't even read, let alone other things. Don't expect these people to be able to produce qualified cars.

If you need a screw, you may need to transport it from the Ming Empire. How can this cost be reduced, and how can you compete with the companies of the Ming Empire?

King Ning and others inspected the textile factory in front of them.

It is already very rare for Ningguo to seize the opportunity of the first wave of industrial transfer in the Ming Empire.

At least for Ningguo now, it can produce clothes and shoes, and it can also generate a lot of tax revenue, drive the development of related industries, promote employment, etc.

This is a good start. In the future, we can slowly develop other labor-intensive industries, and then develop other industries when they mature.

In Ningguo's plan, in the next few decades, the main focus will be on new education, and after the new education has cultivated enough talents, it will then slowly develop heavy industry, automobile manufacturing and other industries.

Prince Ning is not a person who is willing to lag behind. In his heart, he has always wanted to run Ning State into a powerful empire comparable to the Ming Empire. However, this goal is very ambitious and not easy to achieve.

PS: Two chapters in one~~
Chapter completed!