Vietnam is a threat to the Chinese furniture industry.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
broadsword
Brigadier
It has been exporting mostly the lower end furniture. The furniture industry labor-intensive and since Vietnam has the domestic wood supply, it has the advantage. China tends to dominate the segment that requires more steel welding and more expensive design like office chairs and computer tables.
Gree is a terrible sounding brand name. Gree sounds a drain cleaner you pour into the sink to unclog all that nasty shit
China needs to build up its reputation in luxury standard designer furniture market.
They will just print more $US for checks.
Well so is Hyundai, twisted in the Cantonese dialect sound like a rude word or the Japanese 2 dollar chain store Daiso.
broadsword
Brigadier
If the product's quality is good, durable and reliable, it can still escape with a ridiculous name. Nobody cares, really. To have a shoddy product go with a shitty name, dang!
But If you have an excellent product to go with a solid name, yeah! Like Roborock rocks!
AssassinsMace
Lieutenant General
Pretty stupid logic since no one is putting a gun to the US's head to buy Chinese rare earths. China has captured the market over rare earths because they're selling them cheap meaning they destroyed the competition who can't sell them that cheap. Another idiot who doesn't understand the rare earths industry. He thinks he's the only one to discover "rare" in rare earths is a misnomer.
When the effect of massive government stimulation fades, the U.S. is going back to its original road to a periodic economic crisis. It was within one year to the such a crisis before Covid19, but the massive government support has temporarily interrupted the process.
In about two years, the delayed economic crisis will come. About 6 months before that, the stock market will start to crash. This is the play that keep playing, as it is inevitable in a capitalist system (like 2008, 2000... all the way to 1929 and much much earlier).