Have you ever wondered why the West has been unable to transfer manufacturing from China? Why do Chinese people earn six times as much as Indians, but goods made in India are much more expensive than those made in China? Because China is the only country with a complete industrial system.
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.
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.
The modern industrial system is huge and complex, far beyond your imagination.
You come from the West and are not as familiar with industrial knowledge as the Chinese, so you really underestimate the difficulty and time of rebuilding the modern industrial system from scratch.
These are consumables for coal and oil mines. If the supply of consumables is stopped, these mines will be shut down within three days. If the work is stopped for more than three months, these machines need to be overhauled and then scrapped<So if China ZCC.CT group (factory 601, which produces 15% of the world's cemented carbide products) imposes sanctions on Russia, Russia will not be able to produce any resources.>.
View attachment 832134
View attachment 832135
The modern industrial system is a result of the gradual upgrading and accumulation of human beings over a thousand years. If the industrial chain breaks, it will be scrapped quickly, but the reconstruction time will take generations.
For example, if you want to make penicillin, a necessity of modern mankind, you first need to be able to make freeze-dried powder. If you want to make lyophilized powder, you first need high voltage current. If you want high voltage current, you first need stainless steel, special steel, rubber and electric welding. Synthetic rubber needs organic chemical industry, which needs ethylene manufacturing and aromatics manufacturing. Welding requires electrical systems, which require capacitor manufacturing and mercury arc rectifiers, which require chlorine manufacturing and aluminum industry. Just one penicillin, you need to develop hundreds of industrial links. It takes only a week for China to get resource countries to abandon the dollar, because Chinese have mastered the necessities of life and production consumables they need. The west can't even make light bulbs in a week, because it needs vacuum pumps, and then vacuum pumps need hundreds of advanced technologies.
Even if Western countries are given a hundred years, they will not be able to rebuild the whole industrial chain from scratch. China is the only country on the blue planet with a complete manufacturing industry.