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>It's the US' problem to find what to sell. And only the US can solve it. This is completely wrong. China has huge barriers in place to dissuade the importati
by cloakandswagger 10y ago
>It's the US' problem to find what to sell. And only the US can solve it.
This is completely wrong.
China has huge barriers in place to dissuade the importation of products that compete with their own. 30% tariffs on certain items, selective application of VAT and currency manipulation all make it near impossible for the US to sell goods in China.
- 794CD01 10y agoAnd yet for all those barriers, Chinese consumers still can't get enough of the latest Apple products. mrb is exactly right. US companies CAN sell in China, if they figure out how to, and some have.
- DarkKomunalec 10y agoYes, they CAN sell in China, they're just at a huge disadvantage. Is your argument that because SOME products still sell, the barriers aren't significant, or that US firms aren't adversely affected by them, to the benefit of Chinese ones?
- 794CD01 10y agoMy argument is that when companies can't compete on technology as they may be used to, too frequently, they throw their hands up in the air and conclude that this means they can't compete period. However, we can see that Western companies are successful today competing along different axes. I would even extend that further by saying that if things dry up in the future and we have to keep innovating to stay ahead as China continues to copy and catch up, good. Let's do that. Everyone will be better off.
- makomk 10y agoNot to mention heavy restrictions on money transfers in and out of the country and a huge amount of red tape. Ian of Dangerous Prototypes set up a business in China a year or so back and wrote about what was involved, and it's astonishing: http://dangerousprototypes.com/blog/2016/02/04/how-to-china-importexport-permit-and-company-bank/ http://dangerousprototypes.com/blog/2016/02/04/how-to-china-...