Comments by "Louis Giokas" (@louisgiokas2206) on "Nissan and Honda Cut Millions of Cars From Chinese Production, Other Foreign Giants Follow" video.

  1. Your use of all these surveys is kind of out of hand. For one thing, CEOs are not a reliable source of information. This is not something underhanded. One has to understand that pronouncements by CEOs, at least on western public companies, have a special status. They are not actually able to just give their opinion openly. Just look at what Elon Musk has gone through with his, sometimes unhinged, pronouncements. CEO's and companies get sued in the west. The CEO, in international business, also has to play a political role. So, you have Tim Cook in China opening a new store and making all lovey dovey with the CCP. All this while the CCP is banning the use of his products and openly promoting his Chinese competitors. Any rational actor would be pulling out. As it turns out, that is what Apple is doing. The only thing is that they are doing it too slowly and will likely suffer dire consequences. That is just an illustration of the complexities that have to be dealt with. CEOs will say one thing to protect their interests, while doing just the opposite. Each case is different and often complex. The thing that is important is to follow up on what is happening to those western companies that have pulled out of China. My understanding is that one of the Japanese car companies that pulled out experienced no material effect from the move. Just look at what happened in Russia with the sanctions. There a rapid withdrawal was forced. None of the large companies experienced a material degradation of their businesses. There are other markets, and China's is turning into a s**t show.
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