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That is a long list of companies either abandoning China or reducing operations in China. Whether it is due to rising labor costs in China or the US tariffs or a little of both, it is certainly great news. May the exodus of global businesses from China not only continue but accelerate!
About half of the companies listed are moving out due do their business failed in China.
Others in the list are shifting some of their production to other Asian countries. These are great news, since now Asian market will be even richer, so China can use it to continue to grow without headaches that USA creates. Win-win situation for China.
Ah, and meanwhile none of these jobs are going back to the USA. Lose-lose situation for the US.
About half of the companies listed are moving out due do their business failed in China.
Others in the list are shifting some of their production to other Asian countries. These are great news, since now Asian market will be even richer, so China can use it to continue to grow without headaches that USA creates. Win-win situation for China.
Ah, and meanwhile none of these jobs are going back to the USA. Lose-lose situation for the US.
Eastasians are “stakeholders” and now so are we. Isn’t that exciting? Wonder which corporation will win out? Eastasia has quite the machine but Eurasia has all the resources. Meanwhile, Oceania, has technology but quite the dislocation from the actual war front. Good times shared!
We're going to be at war with China, eventually. It's guaranteed, as long as they have designs on replacing us as the global economic leader, which they do.
Pulling our manufacturing out of there is a necessary step leading up to that. We're not going to rely on the country we're at war with, nor are we going to drop bombs on our manufacturing capability.
As long as they have access to intellectual property, they will keep trying to reverse engineer, and then start up their own companies making their own stuff.
Everybody does it.
That's why International Mobile Machines sued Motorola, Ericsson, Nokia, Qualcomm, Freyden-Alcatel, Siemens, British Telecom, Sony, Hitachi and Mitsubishi for patent infringement because all those companies reversed engineered IMM's "OnePhone."
Note that Sony, Hitachi and Mitsubishi are Japanese, BT is British, Freyden-Alcatel (now Alcatel) is Australian, Nokia is Finnish, Ericsson is Swedish, Siemens is German, and Motorola and Qualcomm are American.
It has all been fuelled by greed and shareholder profit. The price we will pay is not enough to bring manafacturing back to the USA. Wages are too high, so the products will be too expensive and folks wont spend.
What do you all suggest happens? We all rely on each other because it is a global economy. You manafacture stuff where wages are cheap and products you buy every day are made by slave labor. I bet you would not have much to buy if it was not made by slave labor. This is how developing countries develop to become better, but the price of manafacturing goes up at the same time.
As long as they have access to intellectual property, they will keep trying to reverse engineer, and then start up their own companies making their own stuff. That has always been their goal from day one.
As for manufacturing small ticket items, well, they build housing even when no one demands it, so I sure they can just put up factories and start churning out 99c light bulbs, and what not.
I guess you are not aware what percentage of 5G patents Huawei is holding.
In 2020 China filed the most patents in the world.
I reviewed papers for a few top international AI conferences. The number of submissions from China is about the same as that from the US nowadays. And many US submissions turned out to have authors with Chinese names.
"According to the Commerce Department, U.S. imports of goods rose 33.7% in just the nine months between last June and this past March, the most recent month for which data are available. But goods imports from China rose only 6.9% during this time. Clearly, American business is sourcing elsewhere. "
The CCP understands rising labor costs there will prevent GDP growth from continuing at the 2000-era pace. It slowed significantly in the 2010s. So their hope is to become more consumption based like the USA. The problem is consumption is based on people expressing themselves which they're not big fans of.
I think China is a more evil version of what Japan was 30 years ago. Everyone thought Japan would take over the world, and then it didn't. Many still overestimate how powerful China can really become.
I knew there was some serious impact when Trump slapped the way higher tariffs on stuff coming out of China. The point of that was to bring American companies back to America and it worked. That being said there is a lesson from history to be learned here. If Asian nations with global military projection power get backed into a corner economically things like Pearl Harbor happen. And with a weenie CIC like Biden at the helm what has the potential to happen now scares me to death.
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