China No Longer “The World’s Factory”

[MH.Yang]

yes and now West is no longer allowing China to gain the single market manufacturing advantage

especially after COVID

Only communist countries have the ability to say "allowing" or "no allowing" to the market, which Western countries do not have. Capital controls the regimes of western countries, only a country like China is a country where the government controls capital. Capital will make their choices according to the market, not the govt.

Even in the last century, China has never been the country with the lowest labor cost. In fact, in addition to low-end labor-intensive industries, labor cost is not the largest commodity cost, and industrial chain and logistics are the biggest commodity costs, that is also the reason why the cost of goods in countries such as India is much higher than that in China. I am engaged in cemented carbide industry, if I want to sell a batch of drill bits, first I need to buy tungsten powder and cobalt powder from other enterprises, then I need other enterprises to help me press it into alloy rods, I also need enterprises to help me do wire cutting, and I also need enterprises to help me weld the alloy head to the steel bar. A total of more than 10 enterprises are required to cooperate together. If I am an Indian, I need to mail products more than ten times around the world and bear the logistics cost and time back and forth, the logistics cost will exceed the cost of the product itself by several times. In China, I can carry out all production links in one city.
Of course, the Indian online army who makes money by posting doesn't understand these industrial knowledge. I can understand you.

China has the largest, most perfect and most reasonably designed industrial chain in the world, and the most advanced and efficient logistics system, that is the most important reason why capital cannot leave China. Sorry, I forgot that there is also the largest market in the world. Any enterprise leaving China will face fierce competition from China, and it will be difficult for such enterprises to survive.

It is not impossible to transfer the industrial chain from China, but India is unable to take over. India's society is corrupt, inefficient, divided, and its people lack education, such a country cannot even compete with Vietnam and Bangladesh for low-end industries. And as the gap between the rich and the poor worsens, India's population growth rate also begins to decline, India had only 20 to 30 years before it entered aging, but the status quo shows that India is clearly wasting its demographic dividend. The author of this article also understands this point, so the author only mentions Vietnam, not India. Vietnam's development is indeed good, the ability of Vietnamese is far stronger than that of loser Indians, they are capable of accepting part of China's industrial chain. But Vietnam's population is too small and too close to China, Vietnam's economic development depends on China, Vietnam will only become a link in China's industrial chain, not a substitute.

To replace China, you need 20 Vietnam and 40 years.

 

[Beast]

Being 'the world's factory' is nothing to be proud of in the first place.

As China's economy matures, it's only natural that lower value-added manufacturing move to cheaper countries. And that's a good thing. The law of comparative advantage applies to a country even as large as China.

https://www.masterclass.com/articles/learn-economics-the-law-of-comparative-advantage#what-is-the-law-of-comparative-advantage

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Why world factory is nothing to be proud of?

You make high end EV with state of art battery, AI autonomous , semi conductor , aircraft , CNC , high end machinery, tunnel boring machine, renewable energy equipment like wind turbine composite blade, gas turbine, rockets, satellite.

You mean this equipment are not high tech and any tom, dick , harry countries can make it and sell one at $1 each?

Your statement just show how ignorant u are. People need to understand factory is the place which employs most people. Even countries like USA, Germany , Japan and South Korea still have plenty of factories exist even they are first world.

 

[applesauce]

if i had a dollar everytime they tell you china is collapsing/going to collapse, i could probably pay off the us national debt by now.

 

[Mista]

You make high end EV with state of art battery, AI autonomous , semi conductor , aircraft , CNC , high end machinery, tunnel boring machine, renewable energy equipment like wind turbine composite blade, gas turbine, rockets, satellite.

You don't become the 'world's factory' just because you make high end goods, but more importantly because of the low end goods assembled which the 'world's factory' is synonymous with.

Your statement just show how ignorant u are.

You're the one who's so sensitive lmao. I'm saying it's only natural that China offshores its low end manufacturing as her economy matures (and it's a good sign), and here you are hopping mad.

 

[Globenim]

Hearing this for decades,..

China Begins to Lose Edge as World's Factory Floor
Updated Jan. 16, 2013 7:52 pm ET

China Loses Edge As World's Factory Floor

China is losing its competitive edge as a low-cost manufacturing base, new data suggest, with makers of everything from handbags to shirts to basic electronic components relocating to cheaper locales like Southeast Asia.

www.wsj.com

Resource Hub

www.globaltranz.com

Well its the exact same braindead U.S. state affiliated fakenews network collaborating with the U.S. far right racist extremists as for the last decades, hiding behind yet another name and just repeating the same braindead script to keep the U.S. audience brainwashed and catch people increasingly losing trust in U.S. mainstream media feeding them constant lies by feeding them the same garbage from "alternative" sources.

China Information
China Insights
China in Focus
China Observer
China Uncensored and all their branches
China Watch
Decode China
Epoch Times and all their branches
Insights Media and all their branches
New Tang Dynasty Television and all their branches
Taiwan Observer
Vision Times and all their branches
and so on

Same offices, same people, same funding, same fakenews.

 

[gambit]

Looks like some people are getting nervous...

 

[ARMalik]

In the last few years, the global supply chain has been hit hard by not only the recent pandemic but also by the trade wars between the US and China. With the relatively extreme ways that China has been dealing with these issues, many countries have realized the economic risks in relying on China as time goes on. As such, numerous foreign companies have been pulling out of China, going instead to other developing countries such as Vietnam, India and Thailand. On January 12, Canon, another large company, announced that they will be shutting down their factory in Zhuhai, China. This was apparently caused by heavy operational difficulties due to the prolonged outbreaks of COVID-19, which undoubtedly raised concerns from many Chinese citizens. As one of the earliest Companies to have entered the Chinese manufacturing market, the Zhuhai branch has been in operation since 1990, having lasted 32 years. Over the years, the factory manufactures all sorts of products for Canon, from lenses to different electronics like printers, cameras and camcorders. It is worth mentioning that in 2013, this factory was recently upgraded with an investment of $1.5 billion yuan, increasing its production capacity by twofold. At the time, it was one of Canon’s largest overseas factories, employing over 10,000 employees and able to produce up to 20 million cameras a year.

Yes of course, China was a World factory till last month, then all of sudden, since some jackas.s posted an article, China is NOT the factory anymore !

On a serious note, I deal with critical infrastructure at a real critical organisation. And honestly, we are absolutely screwed because 99% percent of our critical spares and all our major equipment comes from China!! There is now huge lead times for delivery of these critical parts. We were starting a $300-million dollar project, but its lead-times/schedules have been completely screwed due to these huge leads times of many months !! If things Don't improve quickly, we are honestly going to be F*ked in literal terms !!

 

[IblinI]

as soon as aqzibal enter, you can say goodbye to the thread.
He can not live a single day without shouting CHINA!!!

 

[Beast]

You don't become the 'world's factory' just because you make high end goods, but more importantly because of the low end goods assembled which the 'world's factory' is synonymous with.



You're the one who's so sensitive lmao. I'm saying it's only natural that China offshores its low end manufacturing as her economy matures (and it's a good sign), and here you are hopping mad.

Who is sensitive when one claim world factory is nothing to be proud of?

Who told u China is world factory becos of just low end goods? More like you cannot accept reality China export are very diversify?

I present u with facts about China dominating CNC, high end machinery from wind turbine, EV and state of art EV battery from CATL, BYD. Tunnel boring machine, DJI surveillance to entertainment high end drone or ehang AAV, launching satellite to rocket sending man to space. Huawei and ZTE 5G infrastructure setup to China dominating smartphone exporting. Not to mention world class HSR, infrastructure manufacturing from skyscraper to world beating highway roads. In the ship, China are exporting LNG to giangatic container ships or even giant cruise ship.

All those high end items I mention are strictly restricted by western of any component export to China becos of competition pose by us to them.

Soon I can bet your ignorant mind will also claim China space station or rockets are just an assembly of component import from foreign nations
Some are selective to blind himself from facts the western are most strict when comes to sensitive technology or components export to China.

China being one of the most complete supplier chain able to virtually manufacture almost everything must be a bitter pill for you to swallow?

Maybe u want to tell me all this industries belong to low end? You think China only export low end product is not by fact but purely by brainwashing from western media.

 

[gambit]

Who is sensitive when one claim world factory is nothing to be proud of?

Who told u China is world factory becos of just low end goods? More like you cannot accept reality China export are very diversify?

I present u with facts about China dominating CNC, high end machinery from wind turbine, EV and state of art EV battery from CATL, BYD. Tunnel boring machine, DJI surveillance to entertainment high end drone or ehang AAV, launching satellite to rocket sending man to space. Huawei and ZTE 5G infrastructure setup to China dominating smartphone exporting. Not to mention world class HSR, infrastructure manufacturing from skyscraper to world beating highway roads. In the ship, China are exporting LNG to giangatic container ships or even giant cruise ship.

Maybe u want to tell me all this industries belong to low end? You think China only export low end product is not by fact but purely by brainwashing from western media.

Many yrs ago when I was shopping for my first house, I learned something about statistics in real estate...

1. Building permits are leading indicators.
2. Properties sold are lagging indicators.
3. Properties on market are coincidental indicators.

In the case of China, unemployment, or as the Party calls it 'flexible employment', is a coincidental indicator. Companies leaving China are coincidental indicators. Marriage rates are leading indicators. Birth rates are lagging indicators. And so on...

All those companies leaving China carries with them plenty of economic and social clues of what they believe China is heading, and they do not like what they see. Of all the data they have, demographics is in the top ten. The population of the US is about 330 mils. These companies believe that within the next 30 yrs, China will see a demographics shift never seen before in any industrialized country, that China is going to have a US-level population shift. That is 160 mils retiring and 160 mils fewer births. The current economic momentum will carry China forward, perhaps even surpass the US, as the world's economic power. But the gap between the US and China will not be as wide as between the two countries today, and China's status as leader will not last.

 

[Mista]

Who is sensitive when one claim world factory is nothing to be proud of?

Who told u China is world factory becos of just low end goods? More like you cannot accept reality China export are very diversify?

I present u with facts about China dominating CNC, high end machinery from wind turbine, EV and state of art EV battery from CATL, BYD. Tunnel boring machine, DJI surveillance to entertainment high end drone or ehang AAV, launching satellite to rocket sending man to space. Huawei and ZTE 5G infrastructure setup to China dominating smartphone exporting. Not to mention world class HSR, infrastructure manufacturing from skyscraper to world beating highway roads. In the ship, China are exporting LNG to giangatic container ships or even giant cruise ship.

All those high end items I mention are strictly restricted by western of any component export to China becos of competition pose by us to them.

Soon I can bet your ignorant mind will also claim China space station or rockets are just an assembly of component import from foreign nations
Some are selective to blind himself from facts the western are most strict when comes to sensitive technology or components export to China.

China being one of the most complete supplier chain able to virtually manufacture almost everything must be a bitter pill for you to swallow?

Maybe u want to tell me all this industries belong to low end? You think China only export low end product is not by fact but purely by brainwashing from western media.

Lol okok. China great, China strong, 此生无悔入华夏, 中国伟大, 中国赢麻了.

 

[Mista]

These companies believe that within the next 30 yrs, China will see a demographics shift never seen before in any industrialized country, that China is going to have a US-level population shift. That is 160 mils retiring

It's actually worse than that.

Authorities working on plan to delay retirements - China - Chinadaily.com.cn

China's top human resources and social security authority is working on a plan to delay retirements in response to a shrinking working-age population.

www.chinadaily.com.cn

And China's TFR has fallen further to 1.15 since that projection was made in 2016.

 

[Globenim]

Yes of course, China was a World factory till last month, then all of sudden, since some jackas.s posted an article, China is NOT the factory anymore !

Mouthbreathers parotting their canned, ever unqualified China weak propaganda talking points and manifactured anecdotes of companies supposedly leaving China , sanctions supposedly strangeling China, supposed bubbles supposedly bursting, unemployment supposedly ratteling China, suppsed energy shortages supposedly slowing down China, supposed youth defiance supposedly rattling China, supposed brink of demographic collapse vanishing China and so on void of any relevant facts and logic.
In the next thread the shills and trolls brag how new record or recovering sales of Made in China American brand products in and outside of China prove U.S. superiority
And everyone of them collectively avoids every new report of record foreign investment into industries in China, China attracting more foreign investors relatively to the rest of the world due to increasing trust in China and China defying global economic downturn trends due to selfevidently superior management.

Its obviously just raw insecurity and coping mechanism at this point.

But when you start to latch onto some Falun Gong cult channel declaring China is collapsing you cant get much lower and expect people to take you serious or even give you the benfit of doubt.

 

[Menthol]

In the last few years, the global supply chain has been hit hard by not only the recent pandemic but also by the trade wars between the US and China. With the relatively extreme ways that China has been dealing with these issues, many countries have realized the economic risks in relying on China as time goes on. As such, numerous foreign companies have been pulling out of China, going instead to other developing countries such as Vietnam, India and Thailand. On January 12, Canon, another large company, announced that they will be shutting down their factory in Zhuhai, China. This was apparently caused by heavy operational difficulties due to the prolonged outbreaks of COVID-19, which undoubtedly raised concerns from many Chinese citizens. As one of the earliest Companies to have entered the Chinese manufacturing market, the Zhuhai branch has been in operation since 1990, having lasted 32 years. Over the years, the factory manufactures all sorts of products for Canon, from lenses to different electronics like printers, cameras and camcorders. It is worth mentioning that in 2013, this factory was recently upgraded with an investment of $1.5 billion yuan, increasing its production capacity by twofold. At the time, it was one of Canon’s largest overseas factories, employing over 10,000 employees and able to produce up to 20 million cameras a year.

Because zero covid in China, that's why.

I think only smart people who want to stay and work in a covid free country.

I think that explains everything.

 

[Mista]

唉呀妈呀,原来是高华啊,不知道高华过不过春节,如果过的话,新年快乐.

Lmao. 新年快乐~

Going back to visit your relatives this year?