Miscellaneous News

Hadoren said:

This is completely false.

Completely eliminating dependency on China requires one simple step. Just replace all your Chinese imports with Vietnamese imports.

Did you know that Vietnam has an identical substitute for everything that China makes? It looks the same, it feels the same - it is the same.

The only difference is that "Made in Vietnam" costs 15% more and takes a couple of weeks longer to ship. As your Vietnamese supplier will tell you, this is because Vietnam's logistics network is less developed. So it takes a bit longer for product to arrive from the factories in Vietnam's populous but far-flung northern provinces.

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jwnz said:

How is that 15% going to be split between the Vietnam "manufacturer" and the northern province "supplier", I would say the Vietnam manufacturer can take 8% for its effort.

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Hadoren said:

This is completely false.

Completely eliminating dependency on China requires one simple step. Just replace all your Chinese imports with Vietnamese imports.

Did you know that Vietnam has an identical substitute for everything that China makes? It looks the same, it feels the same - it is the same.

The only difference is that "Made in Vietnam" costs 15% more and takes a couple of weeks longer to ship. As your Vietnamese supplier will tell you, this is because Vietnam's logistics network is less developed. So it takes a bit longer for product to arrive from the factories in Vietnam's populous but far-flung northern provinces.

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Nx4eu said:

I would think if America wants to completely eliminate dependency on China, they would also want to move this industrial capability out of the region. As moving it to China's neighbor which also mainly uses the South China Sea for trade, then pissing off China would still end up with basically not getting any of the industrial capacity they so needed to be independent of their adversary.

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Hadoren said:

Completely eliminating dependency on China requires one simple step. Just replace all your Chinese imports with Vietnamese imports.

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BlackWindMnt said:

To reduce dependency on China you would need a big big re-industrialisation plan of multiple decades. Imaging having to plan and execute all that while you could also be out there drinking virgin blood and do all other kind of degen stuff.

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tokenanalyst said:

That is not possible, although China and Vietnam are pretty much alike when comes to manufacturing the reality is that Vietnam is too small to substitute China, Vietnam manufacturing prices will go to the roof very quickly while China prices will go down so companies will go back to China.
Apart from Vietnam others countries are just to instable to be long term manufacturing bases. The best option like the guy said is to rebuilt the entirety of the country infrastructure to reduce cost for manufacturing but that is difficult to do when the MIC takes most of the money.

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Eventine said:

The challenges are plenty, but I'm confident China can deal with most of it.

The only aspect I worry a lot about is demographics. The forces at play there seem beyond most countries' ability to control; and East Asian countries, especially, have not found the way to do it. Look at Japan. Look at South Korea. Basket cases in demographic decline.

If China can solve the demographic problem and go back to a stable or growing fertility rate, I'd say the future is bright regardless of what the US does. China just needs to wait it out, until the forces of history equalize the playing field. But at the current speed of aging, time may in fact be on the US's side. It's very hard to beat the US - which keeps importing young immigrants - if half the country is 65+ and the other half is stuck in service jobs because of it.

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