Comments by "ronnel acido" (@ronnelacido1711) on "Shenzhen Is Doomed, Dongguan Is Even Worse, Manufacturing Closures Sweep Through Guangdong" video.

  1. The lady at the end of the video gave a level-headed concise summary of what ails the Chinese export-oriented economy. For decades, China relied and basked in "Made in China" exports which were cheap and made with low labor cost. They neglected innovation, the bottomline of which is research and development. Instead of making their own brand, they focused on stealing copyright and IP theft. Instead of investing in high-technology, they settled with reverse-engineering and the like. Now their short-sightedness is showing. That lady should give this lecture to those "patriotic" Chinese who thinks that dogma can feed people.
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