Comments by "Winston Smith" (@kryts27) on "The Death of Globalization!" video.

  1. Deglobalization has already started and is snowballing. China's manufacturing hub, particularly around places like Shenzhen and Guangdong province (not far inland provinces, those now must be basket cases), much foreign manufacturing firms have left or are already leaving, like Apple. Local Chinese manufacturers cannot either sell to international markets or local consumers because of the severe recession in China. China's economy has tanked, strongly driven by a debt crises in provincial governments (including Guangdong and Shanghai) and is not recovering from the extensive Covid lockdowns. Recently, risk this has crossed over into large Western service companies with the recent all encompassing anti-espionage law by the CCP, whose powers are broad, definitions are vague and Western, Japanese etc. service companies, such as accounting and commercial law firms are highly at risk doing business in China now.
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