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A few thoughts: -I knew someone who wanted to set up optical and circuit board manufacturing in Vietnam - the few factories they toured seemed to be set up ver
by caycep 4y ago
A few thoughts:
-I knew someone who wanted to set up optical and circuit board manufacturing in Vietnam - the few factories they toured seemed to be set up very well. Also frequently with better female/male ratios in management levels (perhaps bc, at least what they were told, Vietnamese culture tends to be more matriarchal than elsewhere). Maybe why also a lot of Japanese electronic makers (Pentax, Nikon) had a bigger presence in Vietnam than expected
-the irony of Western manufacturing and standards of living - (coupled w/ strong policy and incentive support from the ccp) is that Xi Jinping seems to be actively going against perhaps one of the greatest economic partnership of recent times, namely USA/China. I think that is why there is likely going to be a contraction in the Chinese economy, if not already happen due to Zero Covid. If anything brings down the emperor/dynasty this time, it is because the grain ceases to flow (at least borrowing a phrase from an undergraduate Chinese history class...)
- xupybd 4y agoChina's economy is in trouble. They've had a few property developers running Ponzi schemes and it's led to small bank runs. The government is propping things up and have massive reserves but it's not a good sign.