Good. No one should invest in that dystopian nightmare. Also, fuck Xi.
None of this should be surprising.
First, three years of inconsistent but extensive lockdowns that resulted in enormous revenue loss and the dangers of not diversifying operations.
Second, unfair policies that continuously hinder the private sector at every level and step of operation.
Third, aggressive politics that unwilling drag business owners to walk a fine line to not damage working relations with their native or host country.
There is eventually a price for being an asshole.
>As Chinese companies improve their competitiveness, some foreign companies are choosing to leave.
China was doing fine until Xi took over the control of CCP.
Xi single-handedly ends the Chinese success story. Tragic
Took long enough. It was a huge mistake to invest anything there. It only made a regime that is clearly our enemy strong.
Covid, unstable relationships with US (don’t know when the US decide to add more tariffs or sanctions) and massive increase in Chinese living standards overall driving up labour costs. Evergrande and Ant Financial also turned anything related to these radioactive (look at Vanguard).
This is why Xinnie the Pooh should not have complete control over the honeypot ( chinese economy)
I mean china will welcome you with open arms, then steal your tech, then make their own version then make your product look bad to run you out. Current Chinese ideology has made thievery and cheating good.
If someone’s living in China or from China, please feel free to comment. It appears life out of Beijing isn’t that rosy
I think just in general there’s seems to slowly be a shift towards countries only dealing with “likeminded” countries (for lack of a better term)
Won’t happen overnight and heck might never happen but seems to me USA started already shifting towards Mexico India.
If Canada Europe follow suit then it truly would be us vs them scenario. Democratic countries vs dictatorships, economically politically all the which ways.
i d k i don’t follow this stuff closely so pardon my ignorance, but relying on crack pot regimes for goods fossil fuels or anything really, doesn’t seem like a wise move or sustainable long term
13 comments
Good. No one should invest in that dystopian nightmare. Also, fuck Xi.
None of this should be surprising.
First, three years of inconsistent but extensive lockdowns that resulted in enormous revenue loss and the dangers of not diversifying operations.
Second, unfair policies that continuously hinder the private sector at every level and step of operation.
Third, aggressive politics that unwilling drag business owners to walk a fine line to not damage working relations with their native or host country.
There is eventually a price for being an asshole.
>As Chinese companies improve their competitiveness, some foreign companies are choosing to leave.
China was doing fine until Xi took over the control of CCP.
Xi single-handedly ends the Chinese success story. Tragic
Took long enough. It was a huge mistake to invest anything there. It only made a regime that is clearly our enemy strong.
Covid, unstable relationships with US (don’t know when the US decide to add more tariffs or sanctions) and massive increase in Chinese living standards overall driving up labour costs. Evergrande and Ant Financial also turned anything related to these radioactive (look at Vanguard).
This is why Xinnie the Pooh should not have complete control over the honeypot ( chinese economy)
I mean china will welcome you with open arms, then steal your tech, then make their own version then make your product look bad to run you out. Current Chinese ideology has made thievery and cheating good.
Chinese economy isn’t doing well.
Car fines scam by regional governments to afford their budgets:
https://www.youtube.com/watch?v=O-EKh3J3e0o
35 is too old:
https://www.youtube.com/watch?v=TaGvujzWgYg
Country Garden real estate:
https://www.youtube.com/watch?v=FdmM2nHjFw8
Evergrande: https://www.youtube.com/watch?v=DkPhvApGKXM
Apple and Foxconn departure: https://www.youtube.com/watch?v=fKLjv24KbOg
If someone’s living in China or from China, please feel free to comment. It appears life out of Beijing isn’t that rosy
I think just in general there’s seems to slowly be a shift towards countries only dealing with “likeminded” countries (for lack of a better term)
Won’t happen overnight and heck might never happen but seems to me USA started already shifting towards Mexico India.
If Canada Europe follow suit then it truly would be us vs them scenario. Democratic countries vs dictatorships, economically politically all the which ways.
i d k i don’t follow this stuff closely so pardon my ignorance, but relying on crack pot regimes for goods fossil fuels or anything really, doesn’t seem like a wise move or sustainable long term
Not a bad start.