Comments by "Louis Giokas" (@louisgiokas2206) on "Shenzhen Is Doomed, Dongguan Is Even Worse, Manufacturing Closures Sweep Through Guangdong" video.

  1. The telling phrase is: "no matter how crappy your product was, if you had the guts to sell it, someone would buy it". This is the Chinese attitude to business. I personally will not buy Chinese products if I can avoid it. Actually, I have been on a buy American kick for a long time. I have also consulted with companies that outsourced either components or whole products to China. When I am brought in it is because they have a problem with the Chinese production. Some of the smaller ones went out of business. One even offered to sell me the company, he was so desperate.
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  2. Xi is no economist. In fact, his ignorance of how economies work is breathtaking. Of course, that makes sense. He is a commie after all. His idea of internal circulation sounds like autarky. This is the concept that Hitler had in the 1930s and 1940s. Of course, Hitler was a national socialist. Sounds like Xi is going that way as well. The woman at the end of the video also shows real understanding. It is not "China's manufacturing prowess" that is needed by the west, but the low end and cheap assembly "prowess". If you look at the value of components in something like and iPhone, the vast majority of it is from outside China. The fact is, that can, and will go anywhere. NOTE: I edited this comment because I wrote the second paragraph before listening to her whole exposition. The last word of the first sentence was "ignorance". I was just reacting. By the end she sounded exactly like me. Can you tell us who she is? In fact, there are lots of Chinese companies that are moving out of China She also pointed that out. I recently bought three products from a Chinese company (which by the way did not go by a Chinese name). Two were made in Vietnam. When I looked at the company website, I found that they were even opening a plant in the US. I expect that this is a private company. Besides getting away from China's issues, the owners can also get their wealth out of the country. This would be a powerful motivation.
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