Comments by "Sparkling Wine" (@vueport99) on "Apple Speeds up China Exit, Foxconn Follows, Massive Layoffs, Local Businesses Deserted" video.

Well now we have robots and AI
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@fdm2155 exactly! Same situation in HK. those who are young and mobile (age 25-45) left Hong Kong. That's the group who earn and spend lots of money. Yes China still has big cities that are functioning just fine because of the concentration of wealth in the top 5% of the population. China had a large population, so even if 5% of the people can spend, they can still appear to spend. But overall people aren't even buying domestic low cost brands if their income is under ¥ 2000. When you have no income or your property dropped in price by 60% you're not going to be spending 3 month's salary on a new phone
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@joseph1150 India is world famous for laziness and scam call centers. Despite plenty of IT graduates. It needs a cultural change to succeed.
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