News on China's scientific and technological development.
- Thread starter Quickie
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No matter what china does, eventually the foreign supply chains will leave to cheaper countries. The rising in labor costs will take its tool.
In fact, that is already happening.
And somehow FDI in China is still growing. And all those sanctions still failed to force companies to leave China. Why, because labor costs isn't the only factor deciding where the supply chains should be located.
Although I have become used to your bias & ignorance when it comes to things about China, I'm still surprised you're stuck with this notion of foreign-supply-chains-leaving-China nonsense. I mean, I could understand if you had this kind of expectation a year or two ago, but with all the developments in the last year that are published everywhere, you don't need to be very diligent to find information to know how wrong the predictions turned out.
So who has moved out of China? Where did they move? India? Vietnam? Back to the US, Japan or Europe? And by the way, what China offers is not just cheap labor. I thought this is way more than conventional wisdom now. Apparently, not for someone like you.
With news like China had for the first time become the largest destination for FDI, replacing the US, and the news below which someone has posted in SDF a while back, and many other similar news, it's not hard to get the picture.
It's almost as if this guy, gadgettool, and T are the same person lol.
just totally mindless, useless, pointless verbal diarrhea.
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Rising labour costs in China are a good thing.
What is the point of economic growth, unless the result is higher wages and better living standards?
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Plus supply chains aren't leaving China.
They still have to serve the vast Chinese consumer market, so they need to have a local presence.
At the same time, companies are rushing into robotics and AI, in order to replace expensive Chinese labour.
Article below on sales of industrial robots in China.
Once the full-year 2020 figures come out, I wouldn't be surprised if China was buying more robots than the rest of the world.
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Skywatcher
Captain
Meeting 80% of the goal isn't too bad.
Yes esp during COVID