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2020-04-08 Economy
American Companies Are Leaving China
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Posted by g(r)omgoru 2020-04-08 10:07|| E-Mail|| Front Page|| [356 views ]  Top
 File under: Commies 

#1 American companies are making PR moves to fool people into believing they are leaving China.

/fixed
Posted by M. Murcek 2020-04-08 10:40||   2020-04-08 10:40|| Front Page Top

#2 American companies can't move product out of China and are forced to move to a second source or die...
Posted by rjschwarz 2020-04-08 10:48||   2020-04-08 10:48|| Front Page Top

#3 If they aren't leaving they deserve what they get down the road.
Posted by DarthVader 2020-04-08 11:13||   2020-04-08 11:13|| Front Page Top

#4 Transshipping through SE Asia and Central America with new labels.
Posted by Procopius2k  2020-04-08 12:48||   2020-04-08 12:48|| Front Page Top

#5 I thought I read somewhere that 7 out of 10 cars produced by Government General Motors were produced in China. Fat chance moving that out of the PRC.
Posted by Clem 2020-04-08 12:57||   2020-04-08 12:57|| Front Page Top

#6 GM to build 30,000 ventilators for national stockpile through $489.4 million contract under Defense Production Act
Posted by Skidmark 2020-04-08 15:32||   2020-04-08 15:32|| Front Page Top

#7 There is another country in Asia with 1 billion+ population that is not run by Communists. They should all consider moving to India.
Posted by Tom 2020-04-08 17:50||   2020-04-08 17:50|| Front Page Top

#8 ..about that.
Posted by Procopius2k 2020-04-08 18:50||   2020-04-08 18:50|| Front Page Top

#9 There is another country in Asia with 1 billion+ population that is not run by Communists. They should all consider moving to India.

Only if they want to lose their shirts. India is almost the last place they should be looking. South Sudan is worse, for other reasons, but not by much.
Posted by Zhang Fei 2020-04-08 20:59||   2020-04-08 20:59|| Front Page Top

#10  ..about that.

Mr. Wife’s company’s Indian factory was in Bhopal, as I recall, with national headquarters in Mumbai. It was in Bhopal that he experienced amœbic dysentery, after a year of traveling to India without any health problems whatsoever. At any rate, he told me that the so-called gas leak was actually sabotage by an employee who opened the stopcock, knowing what would happen. As far as I am aware, Mr. Wife’s factory never any problems like that.
Posted by trailing wife 2020-04-08 22:10||   2020-04-08 22:10|| Front Page Top

#11 Mr. Wife’s company’s Indian factory was in Bhopal, as I recall, with national headquarters in Mumbai. It was in Bhopal that he experienced amœbic dysentery, after a year of traveling to India without any health problems whatsoever. At any rate, he told me that the so-called gas leak was actually sabotage by an employee who opened the stopcock, knowing what would happen. As far as I am aware, Mr. Wife’s factory never any problems like that.

What's worse is that India's regulations prevented the Union Carbide head office from supervising or disciplining local staff, while making UC responsible for their foibles. There was a long series of articles in the Wall Street Journal documenting this. This, along with Nokia's and Enron's catastrophic ventures there, are why foreign investors that aren't interested specifically in entering the fairly small Indian market don't make anything there. And if they make anything there, it's usually exclusively for the Indian market. Because, as Nokia found out to its cost, the Indian government will attempt to seize a chunk of your profits from exports to other markets. For Nokia, its Indian venture wasn't simply a complete loss (to zero) of everything it invested there, it ended up paying hundreds of millions of dollars to the Indian government.

India's per capita income is at African levels for a reason - its government has near-African levels of corruption, without African levels of mineral resources. If not for the talent of its people, India would be going through famine after famine.
Posted by Zhang Fei 2020-04-08 23:05||   2020-04-08 23:05|| Front Page Top

23:30 CrazyFool
23:17 trailing wife
23:05 Zhang Fei
22:24 gorb
22:20 Whiskey Mike
22:17 Whiskey Mike
22:15 Whiskey Mike
22:10 trailing wife
21:36 DarthVader
21:31 Frank G
21:18 KBK
21:17 KBK
21:09 Skidmark
21:06 Skidmark
21:03 Skidmark
21:02 SteveS
21:02 Skidmark
21:00 Skidmark
20:59 Zhang Fei
20:56 Skidmark
20:51 Skidmark
20:48 Skidmark
20:47 trailing wife
20:47 Zhang Fei
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