Comments by "Louis Giokas" (@louisgiokas2206) on "Stark Contrast! Loyalty to CCP Sinks Hong Kong’s Economy! Rejecting CCP, Taiwan’s Economy Soars" video.

  1. Hong Kong is finished. Its only allure in the past was that it was a British colony embedded in China. This allowed the financial and other economic activities to thrive. Nothing else. Even were the CCP to fall, and that will be a painful process, Hong Kong, as a purely Chinese entity is nothing special. In fact, the US is restricting the special status of Hong Kong, since the basis for it is gone. Time has indeed run out for Hong Kong.
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  2. The mania with trade figures concerning China is just plain silly (trying to keep it clean here). Businesses are much more flexible than countries. There are lots of good examples. One is the trade in iron ore and coal from Australia. As the CCP put restrictions and tariffs on this trade, the companies found other markets, such as India. Don't forget that as "decoupling" or "derisking" moves forward, that capacity that was once in China goes elsewhere and the commodity inputs will follow. Another example is one of the Japanese car companies closing down in China. I think it was Mazda but am not sure. Rather than experiencing a drop in their total output, they just found other markets. A non-China related example is that of all the companies from the US and Europe that were affected by the sanctions in Russia. Their assets there were basically confiscated. As far as I can tell, few, if any, were materially affected. Some had large operations in Russia, but these companies are so big that they absorbed the shock and just went elsewhere. Finally, Taiwan's businesses are flexible and very well developed. They too will find new markets. Foxconn is a great example. They are a valuable partner and have moved production for many of their clients to places like India, Southeast Asia, Mexico and the US among others. TSMC is also building chip plants in other countries on other continents. This reduces their risk and shortens supply lines. Just because trade with China is affected, the Taiwanese companies will adapt. This is what mainland China could have been.
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