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China is in a deepening recession. The CCP is the parasite attached to the teat of globalism. Thy need to be weened. If the world is afraid to put their foot down it's because the CCP has step on their toes.
China is in a deepening recession. The CCP is the parasite attached to the teat of globalism. Thy need to be weened. If the world is afraid to put their foot down it's because the CCP has step on their toes.
Well, the parts of the world where the money is are definitely decoupling, at varying speeds. China was the biggest recipient of globalism, but they wanted to have their cake and eat it too, and weren't providing those moneyed nations with access to the Chinese market that they gave China to theirs. That was one. Two, was when Xi decided it was time to play his hand, and gave the world a taste of what it should expect if China was allowed to continue to dictate the terms of "win win" globalism. One of those things, among many, was that at the same time China would scream and throw tantrums at the slightest hint of reshoring or diversifying essential supply lines and demanding globalism be retained, it was quite literally sealing itself off from the rest of the world.
Now multi national companies are moving out of China. The policies of the CCP has exponentially increase the out flow. The Wall Street Journal reported on Dec. 3 that Apple is accelerating its plans to move production out of China. The company plans to increase its iPhone production in India by 45 percent, while Vietnam will focus more on the assembly of the Apple Watch, MacBook, and other products. It will take many years for Apple to recover their production capacity.
In addition, several automakers are accelerating their supply chain reorganization. Mazda is shifting production of some parts previously made in China to its home market in Japan. “It is no longer an era where cost is the major driving factor,” Masahiro Moro, senior managing executive officer at Mazda, told Financial Times. “Right now, [the] robustness of our supply chain also needs to be considered to ensure the stable procurement of parts.”
Ford and GM have been moving parts production to U.S. plants for more than a year. Mercedes is considering shifting its parts purchases to suppliers in Europe, the United States, or Mexico.
When the CCP admits there's a problem you know they can't hide it any longer and it's probably catastrophic. For Example... Wang Shouyang, director of the Chinese Academy of Sciences, said at a global industrial chain forum held on Dec. 4, 2022, that “the main problems facing China’s industrial chain security are the rupture of the industrial chain affects economic security, the high dependence of core technologies on foreign countries, and the obvious trend of industry transfer to foreign countries.”
Any corporation or government entity is lying if they don't admit the have problems.
Ever hear of AB InBev? It's the Belgian subsidiary of a Brazilian corporate giant. They make Bud Lite and 600 other brands of similar watery crap. "Multi-natiomal companies that have moved out of" USA. No problems here, just lie about them..
China can see their problems, and admot them, and importantly, can cgange to adapt to them. But US can't, because it it's locked into a dogmatic paradigm of -isms.
Any corporation or government entity is lying if they don't admit the have problems.
Ever hear of AB InBev? It's the Belgian subsidiary of a Brazilian corporate giant. They make Bud Lite and 600 other brands of similar watery crap. "Multi-natiomal companies that have moved out of" USA. No problems here, just lie about them..
China can see their problems, and admot them, and importantly, can cgange to adapt to them. But US can't, because it it's locked into a dogmatic paradigm of -isms.
This is a remarkably silly thing to say. The Chinese govt is loathe to admit it's made any mistakes and its state media depicts everything as constantly on the up and up no matter the reality of the situation. It's stayed the course on many matters it should have changed long before - the one child policy, zero COVID, the real estate bubble, etc - and only changes directions after it's well past the point it could have comfortably recovered.
A big reason that so many paradigms are shifting right now is because nations and businesses have figured out that China is not the bastion of stability, nor does it have the exceptional ability to use some sort of great mystery mojo that makes it impervious to the things that cause other nations harm that it has reveled in presenting.
Now multi national companies are moving out of China. The policies of the CCP has exponentially increase the out flow. The Wall Street Journal reported on Dec. 3 that Apple is accelerating its plans to move production out of China. The company plans to increase its iPhone production in India by 45 percent, while Vietnam will focus more on the assembly of the Apple Watch, MacBook, and other products. It will take many years for Apple to recover their production capacity.
In addition, several automakers are accelerating their supply chain reorganization. Mazda is shifting production of some parts previously made in China to its home market in Japan. “It is no longer an era where cost is the major driving factor,” Masahiro Moro, senior managing executive officer at Mazda, told Financial Times. “Right now, [the] robustness of our supply chain also needs to be considered to ensure the stable procurement of parts.”
Ford and GM have been moving parts production to U.S. plants for more than a year. Mercedes is considering shifting its parts purchases to suppliers in Europe, the United States, or Mexico.
When the CCP admits there's a problem you know they can't hide it any longer and it's probably catastrophic. For Example... Wang Shouyang, director of the Chinese Academy of Sciences, said at a global industrial chain forum held on Dec. 4, 2022, that “the main problems facing China’s industrial chain security are the rupture of the industrial chain affects economic security, the high dependence of core technologies on foreign countries, and the obvious trend of industry transfer to foreign countries.”
Wow those "dumb Chinese" as some poster say managed to create a viable commercial aircraft that will soon complete against Europe Airbus and U.S. Boeing. Sure there are many nations in Latin America, Africa, and Europe whom are ecstatic as the rise of Chinese competitor reduces U.S./Europe coercion tactics.
Sucks for the Dutch, kiss that monopoly on chip making equipment goodbye. I curious as to how long this game of keep away can last. Already costing AMSL 2 billion a year. Being a U.S. steadfast ally is expensive.
Gulf Arab states increases ties with China making the Petro-Yuan viable. Besides a few Western European states and Japan, no one is really on board with controlling China. Why would they. Knocking China down only leaves them with only crappy U.S./Europe deals.
Wow those "dumb Chinese" as some poster say managed to create a viable commercial aircraft that will soon complete against Europe Airbus and U.S. Boeing. Sure there are many nations in Latin America, Africa, and Europe whom are ecstatic as the rise of Chinese competitor reduces U.S./Europe coercion tactics.
The 737 first flew in 1967, and its first delivery was in 1968. That's 54 years ago. Inasmuch as China is facing production issues in a large number of industries due to an increasing dearth of workers, time will and Boeing and Airbus still have huge advantages over COMAC in terms of support, logistics, etc, it remains to be seen, for quite some time, how disruptive this will ultimately be.
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Sucks for the Dutch, kiss that monopoly on chip making equipment goodbye. I curious as to how long this game of keep away can last. Already costing AMSL 2 billion a year. Being a U.S. steadfast ally is expensive.
Not nearly as expensive as being a Chinese ally... Ask Pakistan, Sri Lanka, etc.
Filing a patent is very different from manufacturing a fab - something that has eluded China and most likely will for some time to come. Its previous plan to dominate chip manufacturing has been an unmitigated waste of resources, and in the last few days, China announced that it is ramping down the NICIIF, which is the fund that was supposed to create a "boom" in China's semiconductor industry and allow it to dominate in short order, leaving the rest of the world in its dust. This didn't happen; the program was an abject failure. China is now seeking to support existing local manufacturers that have their act together in the hopes that will create a stronger foundation for their future goals; they'll do what they always do and subsidize the products or components to keep them artificially cheap, which is still generally a bad idea as eventually when that's no longer viable, it causes big problems in the industry to China's detriment, but, it's a better route than another one of Xi's zany vanity projects that floats largely on Han exceptionalism.
All China can currently do is manufacture legacy chips, which is fine for consumer electronics export, etc - aside from the fact that industry is also facing challenges in China due to rising manufacturing costs, etc, and is also rapidly offshoring.
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Those Japanese hate China so much they are pumping more money into their Chinese factories. Can't believe this level of hate. Lol
Panasonic is "The Japanese" now? They are one company. The article itself says,
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Originally Posted by japan times article
Panasonic Holdings will boost its investment in China significantly, bucking the growing trend of foreign companies reducing their exposure to the country as geopolitical tensions rise and the domestic economy slows.
It also states that it is doing so to maintain a presence in the Chinese domestic market - not for exports.
If China and the Philippines can work out their issues and China is more respectful of Filipino concerns and sovereignty, that's great. I won't believe it till I see it, but, yes. I fail to see how this is an example of China's superiority or premacy. If anything, it's an indicator that the last few years of Wolf Warrior diplomacy and haughty arrogance are not producing the desired results and they need to change course.
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Sorry Tesla, you are number 2 now.
So much for being a bully.
Electric vehicles are the future, well the supply chain is dominated by China.
Volkswagen sells more cars than Mercedes. Budget products tend to have higher sales volume. It makes sense. Not sure where the "bully" comment comes into play, but then, most of what you type is overloaded, off-target, and makes little sense.
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Gulf Arab states increases ties with China making the Petro-Yuan viable. Besides a few Western European states and Japan, no one is really on board with controlling China. Why would they. Knocking China down only leaves them with only crappy U.S./Europe deals.
The problem is that the wealthiest and most diverse economies in the world are on board with containing China and it has definitely affected their economy and their political situation. People who are acting as though China is simply laughing and brushing off these changes are uneducated peons. As I've said before, Gulf states trading with China in Yuan for oil does not signal the end to the USD as dominant currency, as the dollar is still used practically by everyone else, for everything.
At the end of Q3, the share of US-dollar-denominated foreign exchange reserves rose to 59.8%, the third quarter in a row of increases, and the highest since Q3 2020, according to the IMF’s new COFER data on reserve currencies. Since the end of 2021, the share of the dollar rose by nearly 1 percentage point.
But this increase came off a 26-year low at the end of 2021. Note that this does not include the dollar-denominated assets on the Fed’s balance sheet, but only dollar-denominated assets held by foreign central banks and foreign official institutions
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The Chinese renminbi, the #5 reserve currency, dipped to a share of 2.8% in Q3 — only 2.8%, despite the huge size and global interconnection of China’s economy! Given the capital controls still in place, and other issues, it seems central banks are leery of RMB-denominated assets and are in no hurry to pile them on, despite years of predictions that they would. Folks that expect the Renminbi to overtake the US dollar as reserve currency will have to have enormous patience (green line with black dots near the very bottom).
At least 23 countries or territories have imposed travelled restrictions against CHINA / HONG KONG / MACAU:
AUSTRALIA
BELGIUM
CANADA
NORTH KOREA
FRANCE
GERMANY
GREECE
INDIA
ISRAEL
ITALY
JAPAN
LUXEMBOURG
MALAYSIA
MOROCCO
NETHERLANDS
PORTUGAL
QATAR
SOUTH KOREA
SPAIN
SWEDEN
TAIWAN
UNITED KINGDOM
UNITED STATES
The first batch had disembarked at Bangkok, and they were warmly received by the Thai Home Minister. Before the pandemic, there were more than 11 million visitors per year. Last year the number had dwindled to just a little over a million.
China has advanced more in 25 years than the US did in 100 years. Why? Because they were not ham-strung by Western notions of Economics, Governance and Faith-based Ethics.
Lol, what happened during 1949-1976? Why was the last 25 years so "good". oh, I remember, they figured out how much communism sucked and started befriending the west and be capitalistic, so in other words, the West LET china become wealthy.
Can people just stop this notion that somehow the CCP is responsible for China's "Rise"? Seriously any idiotic with a laisses faire approach governing china would make China a super economic power simply due to China's size and it's population "Gift". Only the incompetent leaders of CCP managed to cause economic devastation, deaths of millions of hunger, and now population collapse. This notion that CCP are shrewed managers and plan decades ahead is simply a lie.
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