Thats a very premature conclusion.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
I have had my economics degree for 30 years. And been in the finance industry for over 25 years. Teaching for the last 5 years. And I can honestly say, this is the first time ever that I have heard printing money is a PRUDENT economic policy.
Gee, I guess one live and learn I supposed. Lol
Hendrik_2000
Lieutenant General
What apparently many American company are moving back to China So long and Good bye Vietnam. No one can beat China in term of stability, health care, quality of work and effective government.
For many, returning to China is simply the least bad option they have to boost production ahead of what is shaping up to be . During the pandemic, China has developed a reputation for stability. Harvard University management professor Willy Shih said some companies began moving back to China as early as last year. “There were already spot instances of that,” he wrote in an email. “The key question is if you want reliable manufacturing, China is often the best place for it.”
-vietnam-forcing-companies-to-move-back-to-china/?utm_source=YPL
Vietnam’s Covid outbreak is pushing manufacturing back into China
REUTERS/KHAM
By
Tech Reporter
Published September 16, 2021
Companies have spent the past several years and into neighboring southeast Asian nations, both to exploit cheaper labor in other countries and to dodge tariffs imposed during the Trump administration’s trade war with . Vietnam has been for US companies opening up new factories, along with Cambodia, Indonesia, Myanmar, and Malaysia.
Now, companies are scrapping those efforts and moving their factories back to China after a punishing wave of Covid-19 infections has shuttered factories across Vietnam. After three months of lockdowns, the Vietnamese government is only just beginning to . Earnings calls are resounding with executives’ worries over their lost manufacturing capacity.
Apparently alot of American company are suffering from lock down in Vietnam. Gee not too long ago Vietnam is touted as god given mana from heaven now they regret their move heheh
Last edited:
The ban on bitcoin mining and restriction on tuition and gaming have dampen services consumption and electricity generation. Pork prices have been falling as well. Restrictions on apartment purchases is now causing problems in property markets. Across the board companies are reluctant to invest new money, due to uncertain allowable business models.
Even Macau casinos stocks and electric car stocks have been falling due to uncertainty.
You would be simply singing and simping for the article if the headline and content of the news was the other way around. Come on man, you know it's true. Lol
The reason why the economy is slowing down is because of debt deleveraging. This is going to cause a fall in investments and spending in the economy. Its in my view a very necessary thing to do for China. There has been too much buildup of debt over the past decade and now its time to reign it in to prevent a massive crisis going forward.
The question is how far will China allow the pain to go. In the past not very far as the pain gets real they flinch back and begins to spend big again. Rather or not it will happen this time remains to be seen.