China’s Manufacturing Exodus Accelerating Amid Deteriorating Economy, Say Insiders
As global buyers demand diversification, Chinese firms are moving production to Vietnam, Indonesia, and Central Asia.

More:
https://www.theepochtimes.com/...kenJz%2F4GrOaLHiY%3D

Positive news for a Monday

Not sure I agree with that, the countries mentioned are, to a great extent, China-controlled, and I'm sure the profits will go back to China.

It's just a way to conceal sources, and I suspect it's been going on for years. I try to avoid buying anything made in Asia that's not Japanese, and in India as well.

Sounds like China's one-child policy is coming back to bite them. Don't have enough population to steal all the IP they need to from us and man the factories too. I understand that they are forcibly moving families back into rural farming areas to try to alleviate an imminent food crisis. Of course these are the same families that they forcibly moved into urban areas 10/20 years ago.

Personally, down the road, I'm more concerned about India and Indonesia as global competitors.

quote:

Originally posted by architect:

Personally, down the road, I'm more concerned about India and Indonesia as global competitors.

Potential competitors to the US are those with the population base and natural resources to be a threat. Perhaps not in our lifetime, but at some point (besides China):

India
Indonesia
Pakistan
Nigeria
Brazil

For comparison, Brazil is the smallest country and yet it has almost 80 million more population than Russia.

Culturally, Southern Brazil is probably the only one which could make it to first world status/is first world.

Southern Brazil gets its independence, and I think it would do very well.

Same as if Calcutta/the Christian areas of India got free.

That's progress from our standpoint.
This will help those other countries to become more prosperous and they're several steps closer to our liking than China.
Maybe not perfect, but better.

quote:

Originally posted by reloader-1:

quote:

Originally posted by architect:

Personally, down the road, I'm more concerned about India and Indonesia as global competitors.

Potential competitors to the US are those with the population base and natural resources to be a threat. Perhaps not in our lifetime, but at some point (besides China):

India
Indonesia
Pakistan
Nigeria
Brazil

For comparison, Brazil is the smallest country and yet it has almost 80 million more population than Russia.

India and Nigeria are too corrupt to really get anywhere in manufacturing. Too many ways to lie and cheat that results in very bad quality. Indonesia has insane joint venture laws - you have to pay for almost everything but the locals still have control. And nothing good ever happens in any place ending in -istan.

I sort of agree about Brazil, culturally it's the most "American" of all of these, but corruption and protectionism are still big problems. Every time Brazil almost takes off, the politicians kill it wiht their rent seeking. Crime levels are insane too.

The reality of the world is that only Western Europe, US, the "UK Crown Realm", and East Asia have the cultural and political discipline to excel in manufacturing. SE Asia maybe, but it's still not there yet.

Latin America is the most skilled and drug manufacturing and distribution. If only they put that effort into legitimate businesss...

As for China, COVID was the trigger to divest. There is too much risk with the amount of control the CCP has, and of course there's all the IP theft.

What is overlooked or, not pointed-out is many of those factories that are leaving China, are owned by the same people and thus are still Chinese companies.
The other aspect that is well known but under reported is China is getting out of the finished goods game. While the article briefly points this out, it's much cheaper to have finished products assembled and made in other countries, meanwhile China is producing the necessary components that are further up the supply chain.

All the plastic & rubber along with the necessary matching colors needed are produced in China, the chemicals needed to create those plastics & rubbers are all coming out of refineries in China, the rare-Earth metals which has been in headlines are all processed in China. It's one thing to mine and extract the raw material but, it's another thing entirely to process it, to which China has a global hammer lock on. Most of the largest industrial metal forges in the world are located in China...got a major build project that requires some unique forgings and alloys, it's probably going to come out of China.

What about the companies here in the United States that are fully owned by Chinese nationals and, by extension, funnel American dollars straight back to the CCP? A clear example sits right here in Arizona: The Enchantment Resort in Sedona. It’s the most exclusive, most luxurious resort in the entire region, and every square inch of it is owned by China-based Chinese investors. They regularly fly in on a private jet, shut down entire wings of the property, including restaurants, and conduct their inspections while enjoying the amenities. I’m not guessing about any of this; multiple people in my own neighborhood work there. One is an Executive Chef, one is a Banquet Chef, another is a server, and one is a Captain who oversees service and expedites food. (This is where I get all my free Wagyu beef and many other tasty treats).

Their ownership doesn’t stop at the resort. The massive commercial laundry facility in Camp Verde, which handles the linens for nearly every hotel in the entire Verde Valley is also owned by The Enchantment and is run as its own entity. Their “sister properties” in the Bahamas and Virginia generate even more revenue. All of that money ultimately flows back to China.

This is just one small slice of what’s happening across the country, right under our noses.

Now, to be fair, the resort does employ a lot of people, more than 400 between Enchantment, Mii Amo, and the various subsidiaries on property. So yes, there’s a local economic benefit. But that doesn’t change the bigger point: billions of American dollars are quietly being pulled out of our economy and sent overseas to a hostile foreign government, and it’s happening in places most Americans would never expect.