he is right on HK point. but he is wrong about, these are Chinese firms only.
that FDI is from foreign firms, investing in China to expand production lines. this is what i m saying.
Really, are we going to just rely on some intern at the China Daily to educate us on the state of economic growth? At best, this represents an anecdote - which by the way goes against every shred of evidence I've posted and
@escobar has posted via the Rhodium Group article. I suggest you evaluate the evidence before posting your claims based on anecdotes.
That article has actually hit an area where I've spent considerable time doing research and consider myself a SME, at least vs majority of the population - Forklifts. Let me illustrate to you my broader point.
KION is absolutely getting
destroyed in China by Chinese peers (Hangcha based in Hangzhou and Heli based in Hefei) - they've completely dropped the ball in updating their products. These is not even a "Foreign quality better but Chinese prices are cheaper" situation - they flatout are getting steam rolled. If you are interested in doing the legwork (as opposed to quoting news articles just because they fit your priors): Go to the Kion Annual Reports historically and look up the number of forklifts they've been selling and compare that with what Hangcha/Heli have been selling.
There is also then this neat little industry website:
where they used to upload monthly data of forklift production figures in China. Then you can figure out the market share changes over the past years.
So to round out my final point:
1) KION isn't doing well and their China business will likely eventually get steamrolled - they'll be happy to recoup their capital, let alone 'invest more in China'.
2) However, whether KION invests in China or not, is no longer important. Because Hangcha/Heli are doing very well.
