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>But people reading you should understand that companies don't locate production in China for low cost reasons, they do it as to gain access to the consumer mar
by gotdangloch 8y ago
>But people reading you should understand that companies don't locate production in China for low cost reasons, they do it as to gain access to the consumer market.
"the share of Nike shoes made in China fell off a cliff, going from 32 percent in 2012 to 19 percent in 2017."
- throwaway5752 8y agoDid you read your own link? It undercuts all the points you're making. They make a bunch of shoes there still (it's not clear if they've even reduced Chinese production or moved new capacity to Vietnam) and they are moving further up the value chain to luxury shoe production. And the reason for the move (increasing wages) means more consumption and more capacity for consumer deleveraging.