A friend of mine moved to China ....
I found his latest report fascinating and thus I’m sharing it.
...
I want to give you some updated news from inside China.
First, The Donald is winning the trade war…BIG TIME.
As you know, I have been visiting or living in China for
over 25 years. And based on that extensive knowledge,
I can see the effects on the economy.
For example, Chinese New Year just ended.
Normally it lasts at most 2 to 3 weeks tops.
Because everybody must return to work.
However, this New Year started the last week of January,
but it continues as the whole month of February
everything has been shut down.
There are NO FACTORY ORDERS. Layoffs!!
Also the Chinese Government has just revised the
requirement for a WOFE, an acronym for a
Wholly-Owned Foreign Enterprise.
The gist of the WOFE makes it easier for companies
outside of China to set up shop inside China
...