Comments by "peabase" (@peabase) on "Will Russia's war against Ukraine go global? Enter the North Koreans • FRANCE 24 English" video.
-
8
-
4
-
3
-
3
-
1
-
1
-
1
-
1
-
1
-
1
-
@nklow88 35% world production of what, goods or services? Service economy, does that ring a bell? Guess which one, goods or services, the EU and the US excel in?
Moreover, China, the undisputed global manufacturing hub, excels in final assembly, which adds relatively little value to manufactured goods. Yet there's a seemingly huge trade imbalance with China, but the Chinese manufacturers buy their high-value components abroad, which means the trade surplus doesn't stay in China. You should read case studies featuring the iPhone. They make fascinating reading, but it's cringeworthy if you're Chinese. Finally, multinationals are busily derisking, shifting final assembly to other low-cost countries -- at China's expense, and much to Xi's chagrin.
1
-
1
-
1