I think that underestimates the extent to which the Chinese economy is vulnerable to reduced demand from foreign partners. I’m not saying China’s in a worse position than the US, since the US has a blithering imbecile traitor as President. But they’re not invulnerable to economic shocks either.
Part of my company’s plan to weather the trade war was to stock up and wait for our competition to be priced out. We also expect the factories in China that supplied our competitors will shut down too. There is a ton of spare capacity with some of them and they work on slim margins. Even a short term downturn of orders can push many to close.
China will definitely suffer, but it also doesn’t care. Public opinion supporting its actions are not a priority in China. Trump is starting to feel the bite his stupidity has taken him. Not sure if he understands completely, but he’s getting an idea that he’ll wear the blame. Not from the Maga, but from everyone else.
I think that underestimates the extent to which the Chinese economy is vulnerable to reduced demand from foreign partners. I’m not saying China’s in a worse position than the US, since the US has a blithering imbecile traitor as President. But they’re not invulnerable to economic shocks either.
Part of my company’s plan to weather the trade war was to stock up and wait for our competition to be priced out. We also expect the factories in China that supplied our competitors will shut down too. There is a ton of spare capacity with some of them and they work on slim margins. Even a short term downturn of orders can push many to close.
They don’t tend to close, they pivot.
China will definitely suffer, but it also doesn’t care. Public opinion supporting its actions are not a priority in China. Trump is starting to feel the bite his stupidity has taken him. Not sure if he understands completely, but he’s getting an idea that he’ll wear the blame. Not from the Maga, but from everyone else.