marianatom

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31.
by marianatom 3y ago
"The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and are part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs or PHEVs." Japanese and Eur
32.
by marianatom 3y ago
More available produce year round. Cheaper imported food from around the world due to dollar's strength. More diverse cuisines in big cities, with a lot better Asian cuisines (sushi!) in general than France, due to large immigrations
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by marianatom 3y ago
technically a higher caloric diet is considered "richer" :)
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by marianatom 3y ago
There are walkable US cities, and one can move to NY, Chicago, Boston, Seattle or its outskirts. However, people choose to stay in the suburbs because they can afford it.
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by marianatom 3y ago
lower life expectancy in US in general can be attributed to a more unhealthy diet and less walking, which is on the flip side due to US's economic success - affordance for more food and richer food, as well as affordance for car as tra
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by marianatom 4y ago
Meanwhile, China's factory business have dropped dramatically. - Tech multinationals are moving out of China fast. Apple is mandating Foxconn to move 50% production lines to India by 2024. And anticipates 50% iPhones out of India bu
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by marianatom 4y ago
You are correct https://www.investmentmonitor.ai/insights/chinas-fdi-decline... shows that FDI is falling in the last 3 years. The increase is with double counting, from Hong Kong investment being counted as FDI. Chin
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by marianatom 4y ago
1.) Hong Kong money into China is counted by the Chinese government as FDI https://www.bloomberg.com/news/articles/2022-09-05/china-rou... 2.) A more thorough report shows that China's inbound FDI has be
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by marianatom 4y ago
Tesla is building its next major factory in Mexico https://www.cnn.com/2023/03/01/business/tesla-mexico-plant/i... , that's how much Elon believes in China. > If I had to put money on which E
40.
by marianatom 4y ago
Export is 20% of China's economy, real estate is another 20-30% of China's economy. That's 50% of the total economy. Based on on the ground estimate (short sale/foreclosure by the court figures), real estate price has
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by marianatom 4y ago
- factories in Southeast Asia that were started shortly after the Trump sanctions in 2017 or covid 2020, that have finally come online - CHIP act in mid 2022 from Biden that spurred Apple to finally drag its immoral lazy feet - Russia invas
42.
by marianatom 4y ago
China's youth unemployment is at 20% end of 2022. https://www.france24.com/en/asia-pacific/20221021-i-feel-lik... , a Great Depression type of number. With the recent estimated 80% reduction in factory jobs
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by marianatom 4y ago
that's for 2022. 2023 numbers will be horrendous, based on the 40% export collapse seen in January 2023. Hong Kong exports post biggest plunge in 70 years https://asia.nikkei.com/Economy/Trade/Hong-Kong-expor
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by marianatom 4y ago
Government numbers, enough said. This is a government that just raised the retirement age from 60 to 65, proclaimed that one can take on a mortgage at age 70 and let the heirs inherit the mortgage, and do not issue passports freely. Where
45.
by marianatom 4y ago
China is in a state of terminal decline and closing off to the world, barring any huge macro trend reversal (CCP loses power) - Factories are quickly moving out of China. Judging by the recent -40% export collapse from Hong Kong https:&#x
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by marianatom 4y ago
The substack was created today, then Russian outlet Sputnik ran the story hours later. Then a hacker news account with pro CCP content submitted this substack. Why is this rubbish on top of hacker news?
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by marianatom 4y ago
China's current state - Complete shutdown of all businesses not related to pharmacy or hospital, probably until April 2023. This includes factories. Check out on the ground videos by https://www.youtube.com/@xiaorenwu
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by marianatom 4y ago
Not sure what you mean. All the current data is painting the picture of companies and factories fleeing China, and moving to US (reshoring, close parity in cost to China in certain states, clean energy act), Mexico (friendshoring, close to
49.
by marianatom 4y ago
Nothing of the sort; it's due to the worsening condition to run a business in China, namely the abrupt shutdown of electricity to factories, abrupt covid shutdown of factories and loss of output while still needing to pay out wages, an
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by marianatom 4y ago
related: Apple begins making the iPhone 14 in India https://www.cnbc.com/2022/09/26/apple-starts-manufacturing-t... Apple may move a quarter of iPhone production to India by 2025 https://www.reuter
51.
by marianatom 4y ago
As a parent and someone who have acquaintances in China, I am encouraging many of my Chinese friends to get their kids out of the country right now, and not wait for Xi Jing Ping to declare himself emperor in October and preparing for war
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Apple to start manufacturing iPhone 14 in India as it seeks alternative to China(reuters.com)
4 points by marianatom 4y ago|0 comments
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by marianatom 4y ago
Right so I had similar vein of thoughts years ago when I thought China was in a real estate bubble and did think that the government can just make certain type of investors take the loss and move on. However, that's only if the collap
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by marianatom 4y ago
I was one of those people that thought China would never collapse due to its iron grip on economy and population. But look at recent activities * Chinese GDP shrinks to 0.4% in Q2 2022. Which is still suspicious because Shanghai economic