Correct, I had japan on my mind because I was looking at LCD plants. But yes, they used to call them the 'Asian Tigers' aka Japan / S Korea / Taiwan. This is where most of the real innovation in electronics is coming from, not from China.
I think they made a big mistake putting factories in China, all China does is steal their IP and ignore international law that should protect them, and nobody cares. If china were actually sued for all the IP infringement, they would either go broke in a heartbeat or be locked out of all international trade. It's that bad.
On cars for example....
This is the Land Wind X7 - Ranger Rover knockoff.
That's what happens when the only thing that matters is cost. Then the lowest bidder wins.
Back in the "good old days" China also required a 51% ownership of the local company and IP transfers to even allow foreign companies to operate in China. I think the companies that agree to that had a hole in their head.
Then China got enough money to buy foreign companies that weren't doing so hot, so now they own plenty of foreign companies, some are well known, some less so.
I mean, Volvo is mainly Chinese these days after the US car makers pulled out...
GDP per capita does, there are people at the brind of poverty everywhere, that's not a Chinese phenomenon. in non-American-sphere-of influence countries people will buy Chinese hardware like they are already bying Chinse phones, that's a fact.
And yet most things are still made in China, I'll believe it when I see it. Let's wait and see what happens when Trump loses the next elections...
Well, there's a difference, at least in most countries, maybe not the US, but in most countries, the really dirt poor is a tiny percentage of people, whereas in China, I would guess there are as many as in India, simply due to the huge population. And I wouldn't trust things like GDP per capita out of China, they make up whatever numbers they want when it comes to what's show outside of the country. No doubt China has one well in the past 10-15 years, but that doesn't equal that it got better for everyone in China.
Sure, so far. As I said, the move has started, plenty of the Taiwanese companies are now vary about the situation between the two nations and are moving things back home, or to other south east Asian countries. Many US companies are doing the same. Europe has been a bit slow, but has finally woken up.
The Wuhan virus is now speeding this transition up and many companies want to spread out their production facilities to multiple countries if possible, so they don't end up in a situation where they only have one supplier in one nation when shit hits the fan. Will things still be produced in China? Of course, but it'll be far less than what they've made up until this year.
Not sure what any of this has to do with Trump, it has everything to do with nations waking up and realising that China is 1. a place where exotic diseases breed 2. they don't follow agreements they sign (Hong Kong) 3. they're a totalitarian state that treats minorities in its own country worse than animals and they don't treat those very well 4. you can now be arrested in any Chinese territory if they find out you've ever said anything in favour of Hong Kong's independence movement. Obviously some of these things will be quickly forgotten, but it's already enough to have started a shift away from China.
FYI, I've lived in Taiwan for the past 13 years, so I believe I have a little bit of insight in what's going on, as things about China are in the news daily there, unlike in Europe, where China is barely mentioned, unless it comes out they've done something really, really bad.
The last time I will pass though Hong Kong will be on the 16th of this month, as I've finally gotten a flight home, as this really, really scares me.
Hong Kong police will be authorised to conduct searches at private properties without a warrant, restrict suspects’ movements, freeze their assets, intercept communications and require internet service providers to remove information, as the city’s leader handed more powers to the force for...
hongkongfp.com
