Read this and have a stroke.......
Xi is well into the process of eliminating private business in China. I’ve not seen a time table and it will take a while. Business and industry will be in the form of state owned entities that will takeover the existing private companies.
Foreign businesses are closing businesses and manufacturing and leaving China. This includes most if not all very large American, Japanese, Korean, Taiwanese and German companies.
While some are returning some manufacturing to the USA and home countries, the word on the street is that they are just moving to Vietnam, Indonesia, Philippines and especially Mexico.
What that says is that many products still can’t be manufactured here because they would not be salable because the cost would be to expensive. That is another way of saying that the world demands global sourcing on a product by product, component by component basis that creates the least expensive but best quality possible.
That is, the market, a free market works on a GLOBAL basis within the various government established parameters to produce what customers around the world will actually buy.
Like water seeking it’s lowest level, money seeks its highest return.....................
That is preposterous. A lie. Mass produced goods are cheap TO THE CONSUMER even made in the USA!!! What we are talking about are degrees of cheapness and profit margins. A protective tariff would FOPRCE all manufacturing back here on an even playing field.
The only losers are bean counters and international stock holders too who I say F them all.