We cannot beat China on manufacturing...that's a f
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We cannot beat China on manufacturing...that's a fools errant with our labor laws,,,cost of materials etc.
In low tech or assembled products China is going to be cheaper, but companies based outside of China are pulling their manufacturing out of China and moving it to Vietnam, Thailand and India because of CCP policies.
Elon Musk is learning the hard way after building a manufacturing plant in China. China gave BYD and Xiaomi huge state subsidies to build electrical vehicles. But like most State subsidized projects it's all a façade and shoddy construction. EV vehicles going up in flames, empty cities full of half-finished apartment buildings that are falling down, mountains of scrapped EV scooters whose leaking lithium batteries are causing environmental damage.
The widespread corruption endemic to totalitarian regimes is causing China's economy to collapse.
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There is a an old Cree Proverb...Only when the last tree has died...and the last river has been poisoned...and the last fish caught...will We realize...We cannot eat money.
China is the largest polluter on earth so they may want to take heed.
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The Asian population generally thinks generationally...not in their lifetime...their wealth comes over time...North America doesn't think that way...everyone wants lt now.
That's not endemic to just North America it applies to anywhere that a large middle class has developed.
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They have already infiltrated the Pharmaceutical industry as an inexpensive alternative
I wouldn't trust any drug made in China or even food. The amount of adulteration done just to make a few bucks is astounding. Food cooked in gutter oil, baby formula that kills children, soy sauce made from human hair and the list is endless.