Posted on 01/10/2020 10:54:23 AM PST by SpeedyInTexas
Weeks after switching on the machines of a new production line near Bangkok, veteran manufacturer Larry Sloven has a quip for the stream of companies leaving China: “Elvis has left the building.”
After three decades of building up manufacturing bases in China, Sloven helped Capstone International Hong Kong, of which he is managing director, wind one down. Costs were rising before the trade war, but a 25 per cent tariff on the lighting products the company exports back to the United States helped accelerate a shift that was set in motion 18 months ago – moving its production base to Thailand.
(Excerpt) Read more at scmp.com ...
Couldn’t happen to a more deserving country. This would not be the case had Donald Trump not been elected as our President. 8>)
It shouldn’t have taken this long considering China’s fame for intellectual property theft.
We should also be clamping down on Chinese immigration.
Why import more spies?
Screw chi-coms to hell. No lube! They can all burn up right in front of me right now and I would not do so much as spit. Free the Chinese people! FREE HONG KONG!
“There is acceptance that the “Goldilocks Zone” provided by China’s industrial heartlands for the last 30 years – in which the mixture of costs, quality, human resources and infrastructure was just right – will not be matched in India, Indonesia, Malaysia, Mexico, Thailand, Vietnam or anywhere else.”
Oh Boo Hoo. The days of slave labor are over and he laments the fact.
No disagreements with your post. 8>)
China badly played their hand by perceiving Trump as being weak and in danger early in his Presidency. I suspect they listened to the liberal media.
The delay in the inevitable deal costs them very dearly in jobs, plants, and money.
I think the rest of the world is catching on to the fact that our media and the democrats are intellectual toddlers pitching a temper tantrum on the floor of the grocery store while Trump methodically loads up the cart and ignores them.
Ignore the media. After the trade deals, especially the deal with China is concluded, his economic performance and foreign policy to include the the recent reset with Iran, President Trump is now viewed overseas as a VERY strong President far surpassing his predecessors.
Business doesn’t like instability, and using China as supplier, is foolheardy. It does seem, though, that companies are moving from China, but not near enough are coming bact to the US, and are going to Vietnam, Indonesia, etc.
The End Of The "Chinese Miracle"
Authored by Tuomas Malinen via GnSEconomics.com,
We have been following China closely for nearly four years. We first warned about the unsustainability of China’s growth in March 2017 and have continued to issue warnings ever since.
Now, China is reaching the end of its debt-driven economic model, and thus well-along in the end-game of the ‘Chinese Miracle’. This will bring drastic changes to the world economy, which will fuel the global economic collapse of 2020-2023.
I BLAME this GOOD NEWS on TRUMP!
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