Miscellaneous News
- Thread starter bd popeye
- Start date
Hong Kong border reopening will have a negligible impact on the Guangdong economy. Hong Kong is a place for Chinese tech to IPO. Guangdong is where that tech is actually fostered and developed. Hong Kong is a financial capital that produces little of value. Guangdong is the manufacturing heart of the world's factory. It is Hong Kong that needs Guangdong, not the other way around.
By that measure the income generated by tourism in London has a negligible impact on the UK economy and the whole greater bay area initiative is just for Hong Kong's benefit........ It's not a matter of who needs who its a question of whether the numbers get bigger
Funny that there's bit of noise again about trying to drive Russia and China apart, because I just became aware of this news, this news was released on 24th of Aug
"In recent days in Beijing, CSSC's subsidiary China Harzone Industry signed a contract for the sale of powered pontoon bridges with a certain country, China Harzone Industry's Deputy General Manager Ge Jian took part in the signing ceremony.
Since the start of the pandemic, China Harzone Industry has worked closely with the contract partner, overcome problems, responded promptly to partner needs and pushed for successful implementation of project. This contact will further strengthen and increase the reach of China Harzone Industry products in that country's combat engineering equipment, and thus pave the way for widespread roll out of products ecosystem."
应急签订, or emergency signing of contract too. One wonders who this "certain country" could be...
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Good figures. 44.5% of FDI by South Korea, the largest of the FDI pie. Like I have said, it is only the big and well known South Korean firms like Samsung, and LG who were in a hurry to flee their production out of China. These guys should not be welcomed back into China. There are many other smaller SK firms who are still coming to invest in China. It'll be their gain, and the loss of those arrogant big boys.
I must add that moving production out of China to a cheaper third country is not actually strengthening the supply chain by diversification. It is actually a mainly political move. A true strategy for strengthening of the supply chain by diversification, is actually keeping production in China while also building production in other places. That way, a foreign company can maintain a more robust supply chain, and yet maintain special access into the Chinese market. Many Japanese, American, and European companies do that.
Samsung instead moved most of its supply chain out of China. That means that while it has a dispersed supply chain in SEA and India. Samsung had largely abandoned the Chinese market, while also cutting thousands of jobs there. No country would accept this willingly, not just China. To top it off, Samsung also declared that it'll join the US in suppressing Huawei and the Chinese tech industry. So there should be no surprise, as to why Samsung rapidly lost it's market share in China. They deserved it fully.
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Chinese made machine waiters are slowly trickling down to American restaurants in New York as part of the food service industries answer to labor issues. At this rate, China is becoming like the now defunct RadioShack's company motto of: "You've got questions? We've got answers." China's motto is you've got issues we've got solutions.
Samsung is expanding their Xi'an semiconductor fab while decreasing the manual labor assembly jobs because they're no longer competitive in China for finished products. This is a good problem to have.
Might be a crazy 2024 election. Better to buy water and toilet paper.