What is this in reference to?
Chinese Economics Thread
- Thread starter Norfolk
- Start date
He must be referring to the manufactured goods consisting of mostly Chinese components but only final assembled in Vietnam/Mexico/etc. to circumvent certain Import curbs.
Some Chinese consumers believe that the hairy crabs from the Yangchenghu Lake taste the best. But the lake is small and the production has not been able to meet the demand for long. The market price for Yangchenghu crabs are thus much higher than hairy crabs produced in other waters. Crab sellers and restaurants serving crab meals have been caught labelling crabs from somewhere else as product of Yangchenghu to scam the unwary consumers. The term "Yangchenghu hairy crabs" has become a meme in Chinese to mean counterfeit products, in particular those that, while not the real thing, are not the broken/defective on arrival kind.
I find this reference inappropriate. In the hairy crabs case, the sellers were breaking laws by selling counterfeit products. In the other case, no law was broken. Those exporters were just using the loopholes in trade barriers of the destination countries.
If we insisted on using the Yangchenghu hairy crabs meme to make a reference in international trades, it should be compared to goods completely made in China, shipped to Mexico, had the "Made in China" stickers replaced with the "Made in Mexico" ones, trucked through the US borders and sold to the US consumers as Mexican products.
What if these crabs were 'bathed' in the lake for 2 days? Are they 'not from Yangcheng Lake'?
What if the iPhone at 10 screws finalized in Vietnam? Are they not made in Vietnam?
I seriously doubt rich people stashing their wealth affects the Yuan. Do you even know how how big real "capital flight" is?
Nobody chooses crabs for the water that wets the shells.
This is for the tariff collectors to decide, isn't it? Thus a loophole as I said.
Legally speaking it's 'from' the lake...
...as it is legally speaking that the phones are made in Vietnam.
What you claim to be loophole is a legal business transaction. If you disagree you should try and get the laws changed.
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Do you know "Yangchenghu hairy crabs" is an "Agro-product Geographical Indication" thus protect by certain laws?
What's your point? I have been saying "no law was broken" in this case.
All this tells me is that I need to "apply" (read: bribe) for the permit. It does not say anything about how long said crab has to spend in the lake for it to be "Yangcheng Lake Certified".
