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Samson Soturian
China Observer
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Foxconn Flees China for India; Foreign Capital Withdrawals Hit $3.17 Billion in 5 Days" video.
There's something subtle I think most people miss: Dumping is systemic in China which is part of the reason exports from there have been stupid cheap for decades. Now that it is impossible to borrow lots of money, most companies can no longer do this driving up prices which drive away customers.
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They're taking cash for shares and going elsewhere, and most of these sell are from foreign investors.
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They've been dumping for decades, burning investor cash and selling at either a loss or nearly a loss. Now they can't borrow anymore, driving up prices, driving away customers.
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@skydragon23101979 And those guys have to dump their shares or be left holding the bag. As always with stocks, where the money ultimately goes is convoluted and uncertain.
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India isn't any better than China.
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A curious remark, given all companies in China are majority Chinese owned.
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