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After the German debacle over having to kowtow to Russia to receive oil and gas and essentially in doing so fund the killing of Ukrainians, everyone has to be r
by outside1234 5y ago
After the German debacle over having to kowtow to Russia to receive oil and gas and essentially in doing so fund the killing of Ukrainians, everyone has to be rethinking who they are reliant on and making sure they are strategically diverse.
China is the obvious example of this where we need to break out the supply chain across more countries. I fully expect this to happen through a combination of corporations and countries realizing their exposure to "China doing something nuts" and acting accordingly. You already see Apple doing this, for example, with India.
- jmoak3 5y agoApple is also attempting to mobilize Indian workers before China's working population declines enough to be noticeable. The cost of business in China (regardless of international policy) is guaranteed to rise as the number of available hands decreases from mass aging.
- vkou 5y agoNo, the cost of business in China isn't rising because of demographics, it's rising because China is no longer an impoverished country. Wages in it have grown massively.
- jmoak3 5y agoI was referring to the future, the demographic situation is guaranteed to raise costs. I'm sure the extra leverage China's citizens have from their earned wealth will play/is playing a part as well.