China

Furthermore, our coaonsumers aren't willing to pay higher prices, and our large businesses aren't willing to pay the higher wages they'd have to fork out to disentangle from our interdependence on China. It's sad, because it would be much easier for us to disentangle than it would be for them. It's pretty easy to find find cheap labor. They'll never find a consumer market like the United States. The EU is the closest equivalent, but it's not particularly favorable to China either. However, it would be a short-term adjustment for us. Some businesses would lose, and consumers would pay more for some time. We'd have to accept that.
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Consumers shouldn't have to pay higher prices. Making them shoulder the burden, especially the working and poor, is what creates inequality and dissatisfaction anyway. The problem is mainly with government policy here. The US government incentivized moving manufacturing to China specifically. If the government would have stayed out of it, some of the manufacturing would have gone to China but a significant portion would have gone to other places.

Chinese labor rates are going way up now anyway. If the market is left to work that manufacturing will go to Vietnam, Burma, Thailand, Indonesia, Malaysia, etc.
 
Seems kind of odd -- Walmart says it is teaming with Microsoft in bid for TikTok (which is Chinese spyware)

Also, the CEO just quit
 
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Probably won't be on iTunes much longer then. All China has to do is contact Apple and all of a sudden there will be some reason why it has to be pulled.
 
Lebron James was unavailable for comment

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people still way underestimate the China issue. I think I've mentioned it before but I've been involved in multiple referrals to the FBI for things we believed to be passive espionage by Chinese diaspora working at the behest of the Chinese government.

Russia took the classic Intel approach of training "spies". The Chinese may also do that, but they mostly teach people to just gather what is easy and available. China hoovers everything up and sends it home to parse. Russia used to try to place people in key spots. They are both hard to spot, but the Chinese approach leaves you always questioning your other employees motives.
 
BrntOrngStmpeDe said:
people still way underestimate the China issue. I think I've mentioned it before but I've been involved in multiple referrals to the FBI for things we believed to be passive espionage by Chinese diaspora working at the behest of the Chinese government.

Russia took the classic Intel approach of training "spies". The Chinese may also do that, but they mostly teach people to just gather what is easy and available. China hoovers everything up and sends it home to parse. Russia used to try to place people in key spots. They are both hard to spot, but the Chinese approach leaves you always questioning your other employees motives.
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China hardly even needed "traditional spies" the last 3 decades as we were willing to just give them whatever they wanted
 
Joe Fan said:
On forced "organ harvesting" in China

“Last week, the Independent Tribunal into Forced Organ Harvesting from Prisoners of Conscience in China issued its final report concluding that China engages in the systematic human-rights atrocity of killing political prisoners & harvesting their organs”​

China Credibly Accused of Organ-Harvesting Atrocity | National Review
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This is proven behavior by the fact that organ acceptors are given a scheduled date and time for their organ transplant. Think about it.
 
The CCP has begun a campaign against Australia



Below is the disturbing fake image in the spoiler, sent by Zhao Lijian who is is China’s foreign ministry spokesman
You might note the lack of Twitter "fact-check"

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To brag a little, I designed this plant. Product is for local market - not economical to export.

 
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Monahorns said:
mchammer, that is cool. I guess you are a Chem E?
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Yes. I designed two other plants in Thailand and elsewhere in China similar to this one. I also have a different plant in India that I designed as well. Detailed engineering and construction contract for that plant to be bid out in Spring. These are generally low tech, but essential chemicals.
 
4th_floor said:
And all of the idiots managing companies in America who rushed to build manufacturing plants in China will surely be fired for their incompetence.....NOT!
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I wish we could do more business in Russia. Tons of opportunities. The problems emanate from the ruling elites in both China and Russia. Thus, the restrictions on business should be narrowed to high tech and military industries.
 
4th_floor said:
And all of the idiots managing companies in America who rushed to build manufacturing plants in China will surely be fired for their incompetence.....NOT!
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Critical question is if the overseas expansion adds or cuts American jobs. The US elites only started to care about China when China started encroaching on high tech, finance, and military sectors. Textiles, furniture, toys, etc? Who cares unless it is you that loses your job. Are you exporting technology or are you exporting jobs? The latter is bad. The former is bad if it is a national security issue.
 
mchammer said:
I wish we could do more business in Russia. Tons of opportunities. The problems emanate from the ruling elites in both China and Russia. Thus, the restrictions on business should be narrowed to high tech and military industries.
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Before my retirement, I worked for a technology company for oil refining that had nothing at all to do with defense. We stopped selling in China when we started to see our technology being sold by Chinese companies around the world. They are great at reverse engineering.
 
mchammer said:
To brag a little, I designed this plant. Product is for local market - not economical to export.

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Quick shop question:

Since natural gas is a feedstock for so many chemicals, are producers of many of these chemicals operating outside the U.S. Gulf Coast or the Arabian Gulf (or other real cheap natural gas price locales) at a significant competitive disadvantage?
 
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