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long overdue. tables are turning.FT article came up on my news feed yet, when I attempted to post it on here, it was behind a paywall. And no, I'm not an FT subscriber.
It was about manufacturing leaving China in greater and greater amounts, and that the trade war with the USA and the pandemic was accelerating it.
What? You mean China are going to benefit from loads of cheap goods from now on?tables are turning.
Unfortunately for Trump, the report also says that the manufacturing will simply flow to SE Asian countries, India and Brazil...Earlier this week, Mr Trump reiterated his enthusiasm for “decoupling” the world’s two largest and closely integrated economies. “If we didn’t do business with [China] we wouldn’t lose billions of dollars,” he said. “We will make America into the manufacturing superpower of the world and will end our reliance on China once and for all.”
Unfortunately for Trump, the report also says that the manufacturing will simply flow to SE Asian countries, India and Brazil...
of course, the digital age has enabled capitalism to hunt down the cheapest global labour rates.
its crazy to think we can buy a pair of jeans for £6 in 2020 which cost £15 in the 1980s
its crazy to think we can buy a pair of jeans for £6 in 2020 which cost £15 in the 1980s
Unfortunately for Trump, the report also says that the manufacturing will simply flow to SE Asian countries, India and Brazil...
There's always a supply of cheaper labour somewhere else.
Really? Can you show how our (UK) appetite for cheap goods has slowed? Bezos would argue that you are way off.this year I think most countries have woken up to Chinese aggression and support trade moving away form that country.