atans1

With cos like these, China doesn’t need enemies like Trump

In China, Uncategorized on 24/08/2019 at 4:26 am

Chinese businesses were obeying Trump even before Trump tweeted to US cos, (not Chinese cos)

Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies home and making your products in the USA.

Chinese companies are following MNCs in leaving China, and using alternative production bases to mitigate the impact of the trade war with the US

Since last June, 33 listed companies have informed China’s two stock exchanges of their plans to set up or expand production abroad, according to data compiled by the Nikkei Asian Review.

To be fair to them, multiple rounds of tariffs on Chinese goods are only part of the equation. Rising wages and other costs, are prompting Chinese companies to move out of the country.

  1. yeah the terms of trade has moved inexorably against China even b4 the trade war. An interesting anecdote is – since the trade war, the reduction in US-China bilateral deficit is more than made up by US-Rest of the World deficit.

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