Its like drugs. Once you get addicted you want stronger and more hard drugs as time passes.
Same with the US, they are now like a drug-addict needing printing in order to function. And guess what, as time passes they need more and more printing
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- Thread starter bd popeye
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Same with the US, they are now like a drug-addict needing printing in order to function. And guess what, as time passes they need more and more printing
US cybersecurity exposed by Russian hackers.
I hope China has an army of similar or even better hackers who could cripple the entire American critical infrastructure in times of war.
This also shows how important it is to focus on cybersecurity . China is moving towards a complete digital economy so the challenges will increase from now on.
Good point.
Also costs are less in China, Shenzhen's $108b is probably equal to at least $200b in purchasing power of the US.
BREAKING
I told you that China shouldnt even talk to the US about climate change. "Muh unite the world to fight climate change" lol, delusional
Hahaha they finally came out and said it openly. They were teasing us for this since a year ago. So all solar and renewable energy from Xinjiang will be sanctioned.
I told you that China shouldnt even talk to the US about climate change. "Muh unite the world to fight climate change" lol, delusional
I wonder how that would help Biden’s infrastructure project.
It will help a lot. It will spur solar production facilities to come in the US. It will take though
don't forget that they can influence the EU as well. They will push the EU to do the same so that they can steal market share from Chinese companies.
That’s easier said than done. It can take years to recover manufacturing capacity and with the Feds handing out money left and right, does anyone actually want to go back to manufacturing jobs? Especially with rising raw material costs.
Even when Trump tried his hardest to get Foxconn to shift factories to the US, the results were lackluster.
Yes it will take time and money. However as long as Chinese suppliers are restricted, it will 100% happen. The thing is that this is inefficient economic policy
US going for the Soviet Union route? Interesting times
You are right on manufacturing. It pains me as well as amuses me every time I see countries or politicians talking manufacturing this or that. I personally was experienced in CKD/SKD years of China electronics manufacturing when Japan was still reigning and Taiwan/Korea were rising. Look at them now. Any other country outside northeast Asia is most likely becoming a laughing stock whenever they open their mouth and dreaming about bring this manufacturing onshore or that.
Manufacturing is about culture, work ethics, educated labor forces, seasoned technicians, trained engineers, supply chains, production ecosystems, infrastructures, government support, etc. Japan in 1960s, Korea and Taiwan in 1980s, and finally China in 2000s, have had the best mixes of those ingredients on earth. USA was king before 1970s. USA has been destroying its own manufacturing since then, by monetizing everything at the expense of producing real things. Now, you want all that back? How? Where are those skilled labor forces?
