Comments by "Persona" (@ArawnOfAnnwn) on "Why Are Big Companies Fleeing China?" video.

It isn't theft when you've agreed to work with a local partner. They went in knowingly and profited massively out of it.
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@ronch550 Lol coercion. You might as well say the govt. taxing companies or any other law is coercion. In fact you probably do. I'd bet you're one of those 'tax is theft' types. They were perfectly at liberty to turn down that rule and not operate in China. They chose to go in anyway, and they did VERY well for themselves out of the arrangement. Indeed the dumb IP theft rhetoric wasn't even being screamed by companies so much as politicians. ONE politician especially, who's currently under trial.
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@0Zebadee0 Thailand is one of the most politically unstable nations on Earth, with dozens of coups just in the last century alone. Vietnam, since everyone seems to have forgotten this, is still a communist nation. Indonesia is fractious and struggles to hold itself together. India has been trying to follow in China's footsteps for decades, with modest success. All these nations will make some progress (especially India), but none are in any position to pull off what China has. Two countries are holding up global growth right now according to the IMF - India...and China.
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These countries trying to cash in on the exodus from China all want to do the same thing China did - use foreign capital to build up their own domestic capacity. However the west doesn't like to share their technology and is wary of building up further Asian competitors as happened in China. The end result is that it's mainly low end manufacturing that'll shift to these nations, which is irrelevant to China anyway cos they've already moved on from that due to their wages being too high for that market. The west will try to pull back higher end production back home. Which won't exactly go swimmingly for them cos now their costs will be higher and so their prices will be uncompetitive. Meanwhile China, at least in all the sectors where it's managed to build up expertise, will be waiting in the wings to fill the gap with its own production made by its own companies at a far more competitive price. So much for stifling China. You really want to stifle China? Share the pie with the rest of the world, instead of hoarding it all for yourself.
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@Soooooooooooonicable China's population isn't going to plummet lol. They're in line with other aging societies, most of whom are in the west. They're going to be facing demographic pressures sure, but so is the west. Their birth policies had some effect, but for instance neither Japan nor Korea had such things and yet they're even older than China is. They've already ditched those policies and yet there's no rebound. Cos the main reason for their demographic decline is the same as it is for everyone else facing it - as populations develop, the birth rate declines. It happens everywhere, it happened in China too. Lastly keep in mind that China can do something the west struggles with - change old age benefits. France is trying to do that now, and facing a nationwide protest movement for it. Indeed pension reform is one the hardest things for govts. in the west to get passed.
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These countries trying to cash in on the exodus from China all want to do the same thing China did - use foreign capital to build up their own domestic capacity. However the west doesn't like to share their technology and is wary of building up further Asian competitors as happened in China. The end result is that it's mainly low end manufacturing that'll shift to these nations, which is irrelevant to China anyway cos they've already moved on from that due to their wages being too high for that market. The west will try to pull back higher end production back home. Which won't exactly go swimmingly for them cos now their costs will be higher and so their prices will be uncompetitive. Meanwhile China, at least in all the sectors where it's managed to build up expertise, will be waiting in the wings to fill the gap with its own production made by its own companies at a far more competitive price. So much for stifling China. You really want to stifle China? Share the pie with the rest of the world, instead of hoarding it all for yourself.
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Ironically China has been making higher and higher end products as the years went by, and you believe that's going to reverse? Why do you think Apple is still in China despite 3 years of lockdowns? It's not cos they're the cheapest. It's cos those supply chains are all in there. They've built up a massive ecosystem for manufacturing at an industrial scale all in close proximity. China also doesn't source raw materials from the west, in fact very few do apart from the case of Australia and to a lesser extent Canada. It gets raw materials from Africa, Latin America and the rest of Asia. And trade flows with all three have only kept growing.
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@rohitdas5437 My name should make you think I'm biased against China. And yet look what I wrote. You can speculate all you want about how biased I may be towards India, but that reasoning doesn't work to explain why I didn't trash China. Meanwhile you should suspect every western-sounding name here as well for being biased, going by your logic.
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@MegaBanne Bruh, it's growing at nearly 5% after 3 years of lockdowns and a hostile trade environment. That's hardly dying, that's more than most nations. The IMF literally credits two nations with holding up global growth atm - India and China.
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