I remember when the sticker "made in Japan" would connote the same feelings. Now however... if an Acura or Lexus gets recalled for a defect.... somewhere in Tokyo a short man in a finely tailored suit jumps out of a 32nd floor window.
As they SHOULD! You let one defect go by, you get 20 lashes! NO QUARTER! American unions can learn a lot from those folks.
What is there to know aside from them putting lead in everything they manufacture and using child-labor to produce their goods?
That’s why Tesla built its factory there…. Lead, children and wherever else you fantasize about. Seems to work though, built ahead of schedule, expanded ahead of schedule, higher production volumes than expected and better finished products. They are now exporting to Europe because…. Germany’s factory is behind schedule, at the mercy of every special interest groups. Production slated for mid year, then end of year, is now pushed back to 2022.
Tesla built it's factory there because they can produce their product much cheeper than in the US. That's all we need to know about Chinese manufacturing. Never mind child-labor, and slave labor, and all that other stuff. Tesla wants to make it's bux. You can do it better in China, because they want to export cheep shit. And Tesla win wins, by paying less to make it's product there. Like all the companies that have American flags made in China. It's cheep.
Island sun getting to your head or is it the vanilla rum? The world’s corporations use China for manufacturing because it is most competitive. Western nations cannot compete so instead we create government barriers.. I know, that communist behavior is called national protection on the Right. Same thing really. At the end of the day, western nations can no longer compete in volume manufacturing. We can find different countries to manufacture our goods but the bar to compete with China is very high. We spent 20 years teaching Chinese how and what to build for us.
You know, I think we are actually agreeing on this issue, but simply have different nationalistic tones on it. Flom.
‘No checks and balances’: $5b Aussie fund manager dumps Chinese stocks By Charlotte Grieve August 23 https://www.smh.com.au/business/ban...ger-dumps-chinese-stocks-20210820-p58kgs.html A prominent Australian fund manager overseeing investments worth over $5 billion says it has sold out of Chinese stocks completely and will not re-invest in the country until the ruling Communist Party provides more clarity around the regulatory crackdown against its major corporates. Melbourne-based Munro Partners had previously invested up to 15 per cent of its portfolio, or $750 million, into Chinese equities, including stakes in tech giants Tencent and Alibaba. But chief investment officer Nick Griffin said the firm’s stakes in all Chinese companies were divested over the first half of this year due to rising investment risks. Munro Partners CIO Nick Griffin says China is the “world’s best investment opportunity”, but not right now. Credit:Arsineh Houspian “We’ve been a huge fan of the China opportunity for years. We think it’s a great opportunity, we’d love to come back. But as far we’re concerned the lines have been crossed, and we won’t come back until we see something to suggest the capital will be looked after,” Mr Griffin said. “We’re concerned regarding over-reach from the government, we’re concerned as to how our capital will be treated, we’re concerned about the rule of law, and we have no investments in China today.” The Chinese government has embarked on a major crackdown on its homegrown corporates, starting with banning Ant Group’s initial public offering last November and expanding to the technology and education sectors, with new rules that force companies to undergo security audits or ban foreign capital. “The education sector turned from for profit to not-for-profit in the space of a weekend. These companies fell 90 per cent in three days. They were not small companies, $30 billion to $40 billion enterprises that went almost to zero in a weekend,” Mr Griffin said. “Ultimately, we run our clients’ money. Our job is to find great opportunities and balance probabilities of risk and reward. We find it very hard to assess the probability of the risks here.” Investors are split on the merits of investing in Chinese stocks, with HSBC’s senior executive Cecilia Chan recently predicting short-term volatility will result in long-term growth, while Bell Asset Manager’s Ned Bell claimed the risks outweighed the benefits. Mr Griffin pointed to China’s telecommunications sector to explain how the government’s agenda can be detrimental to private sector growth, with companies like China Mobile and China Unicom spending “decades not making any money at all.” “The reason is because they’re not allowed to. The government leans on them to subsidise the growth of the industry. They lean on the private sector when they don’t want to pay for it themselves,” he said. “The alternative narrative here is they’re going to start leaning on the tech sector to fund the next stage of growth.” Munro Partners sold out of Facebook in January after the social media giant was hit with multiple lawsuits and faced greater scrutiny from lawmakers around the world. But Mr Griffin said re-entering US companies like Facebook would be easier than China at this stage. “As much as you might think Facebook is doing the wrong thing, the reality is if I own Facebook shares, and the government decides to do something against it, Facebook can appeal to the courts. I know they will be treated fairly in the court of law,” he said. “If I invest in Alibaba today, the government changes the rules and they have to accept it ... So in the end it is really hard to value what I’m going to own in the long run. “I’d remind people that you’re not investing in a country with checks and balances, you’re investing in a one-party state, that’s come to the fore. It’s just a different beast to buying an asset in Australia, Britain, Europe, or the US.” Mr Griffin said he would like to return to China but not until there had been “significantly more clarity” around the government’s regulatory agenda. “We sincerely hope they continue to develop. Mathematically it’s probably the best investment opportunity in the world.”