I don’t know who is pushing this foolish vanity project inside Apple but please no. You cant compete with the VW’s, GM’S etc when it comes to building cars no matter how good the car is.
*cough*Tesla*cough*
Tesla sold half a million cars last year. VW sold over 6 million. Tesla are doing remarkably well, but to say they're substantially competing with the big dogs would be stretching it.
There’s more to Tesla vs the “big dogs” than sales volumes. Tesla will beat and exceed the dinosaurs that VW and GM are, where their ponderous processes will result in their inability to compete and eventually result in their bankruptcy.
VW's ID electric cars are getting acclaim across the board.
I don’t know who is pushing this foolish vanity project inside Apple but please no. You cant compete with the VW’s, GM’S etc when it comes to building cars no matter how good the car is.
I think the head of Nokia said something along the same lines when he heard about the iPhone.
Big difference is Apple totally redefined what a mobile phone was whereas Apple is just a me too in the EV space right now. Hard to see how Apple can have anywhere near the impact in EV autos since the leadership is currently held by Tesla.
"PCs are a commodity!" And they said the same about phones. You can't say Apple is a me-too until you see what is is they announce.
Tesla is not leading the way you think it is. They weren't profitable until they started selling credits. And they aren't the leading seller in Europe (believe it was Nissan last time I checked).
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
All true -- including the question. Maybe especially the question.
Right now it all seems to hinge on leveraging the dollar as the defacto currency for the world. If and when that is broken the U.S. may be broken. But, since we fail to recognize that we are not only doing nothing to protect it but seem intent on undermining it -- running up debt and printing money like there was no tomorrow.
I don’t know who is pushing this foolish vanity project inside Apple but please no. You cant compete with the VW’s, GM’S etc when it comes to building cars no matter how good the car is.
*cough*Tesla*cough*
Tesla sold half a million cars last year. VW sold over 6 million. Tesla are doing remarkably well, but to say they're substantially competing with the big dogs would be stretching it.
There’s more to Tesla vs the “big dogs” than sales volumes. Tesla will beat and exceed the dinosaurs that VW and GM are, where their ponderous processes will result in their inability to compete and eventually result in their bankruptcy.
I doubt this. The auto industry is (thanks to the Japanese auto success tory) a big practitioner of lean methodology, which is the art of continual improvement, minimizing waste, and improving process.
I can't see how Apple or any new OEM can get away from not building locally in some form or fashion. Virtually all significant markets have tariffs designed to encourage local manufacturing, that some percentage of a vehicle is manufactured in the target market. If Apple is going to be successful, they will have manufacturing and assembly done in each significant market just like every other auto manufacturer is doing.
So, this is basically no news, or news of little import.
I don’t know who is pushing this foolish vanity project inside Apple but please no. You cant compete with the VW’s, GM’S etc when it comes to building cars no matter how good the car is.
*cough*Tesla*cough*
Tesla sold half a million cars last year. VW sold over 6 million. Tesla are doing remarkably well, but to say they're substantially competing with the big dogs would be stretching it.
There’s more to Tesla vs the “big dogs” than sales volumes. Tesla will beat and exceed the dinosaurs that VW and GM are, where their ponderous processes will result in their inability to compete and eventually result in their bankruptcy.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
I don’t know who is pushing this foolish vanity project inside Apple but please no. You cant compete with the VW’s, GM’S etc when it comes to building cars no matter how good the car is.
"PC guys are not going to just figure this out. They're not going to just walk in."
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
In 2021, the U.S. is first at $22,675,271 T, and China is second at $16,642,318 T, so the U.S. economy is 36% larger.
The current U.S. population is 333 M, and China is 1,445 M so China is 4.34 times larger in population.
China has quite a task ahead to surpass the U.S. economy.
Of course US wins in nominal GDP. A US truck driver earns over $60,000/year. A Chinese driver probably makes less than $10,000/year. lol
What you just stated, is that if the driver in China is paid in dollars, they would make less than $10,000 a year. I agree with that. It is also true that if China's entire economy is valued in dollars, it is less than the entire U.S. economy.
Were it not for China's exports/imports, ie, transactions with the rest of the world, valuation of its economy would matter little, and China is doing everything it can to avoid trade in dollars.
"Despite trillions of dollars in foreign debt and continuous large deficit spending, the United States still holds global trust and confidence in its ability to pay its obligations. For this reason, the U.S. dollar remains the strongest world currency."
China isn't anywhere close to that with its own currency.
I don’t know who is pushing this foolish vanity project inside Apple but please no. You cant compete with the VW’s, GM’S etc when it comes to building cars no matter how good the car is.
*cough*Tesla*cough*
Tesla sold half a million cars last year. VW sold over 6 million. Tesla are doing remarkably well, but to say they're substantially competing with the big dogs would be stretching it.
There’s more to Tesla vs the “big dogs” than sales volumes. Tesla will beat and exceed the dinosaurs that VW and GM are, where their ponderous processes will result in their inability to compete and eventually result in their bankruptcy.
I'm not sure if you see VW as something like Kodak.
VW is very well prepared for an EV transition. It just hasn't had to really start it in earnest although that is now changing, in line with broad legislation to harmonise and incentivise the use of EVs.
Various places in Spain are currently fighting to get huge VW battery plants assigned to them.
If anything, it is Tesla that might have a tough time maintaining relevance. Brands like Hyundai Ioniq have really taken off over the last few years, at least in my neck of the woods.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
In 2021, the U.S. is first at $22,675,271 T, and China is second at $16,642,318 T, so the U.S. economy is 36% larger.
The current U.S. population is 333 M, and China is 1,445 M so China is 4.34 times larger in population.
China has quite a task ahead to surpass the U.S. economy.
Of course US wins in nominal GDP. A US truck driver earns over $60,000/year. A Chinese driver probably makes less than $10,000/year. lol
What you just stated, is that if the driver in China is paid in dollars, they would make less than $10,000 a year. I agree with that. It is also true that if China's entire economy is valued in dollars, it is less than the entire U.S. economy.
Were it not for China's exports/imports, ie, transactions with the rest of the world, valuation of its economy would matter little, and China is doing everything it can to avoid trade in dollars.
"Despite trillions of dollars in foreign debt and continuous large deficit spending, the United States still holds global trust and confidence in its ability to pay its obligations. For this reason, the U.S. dollar remains the strongest world currency."
China isn't anywhere close to that with its own currency.
And that's the problem. We squandered our industrial empire -- and now we are squandering our hold on having the world's defacto currency by undermining it with massive unconstrained debt and the unconstrained printing of that currency.
In the 60's & 70's we believed our industrial empire could never be challenged much less toppled.
Today we believe the same about our currency -- our last claim to non-military power.
Hubris and delusion are both deadly. And we suffer from both.
I understand that the US has lost its manufacturing competitive edge long ago, but that doesn't man it can't make the attempt anymore.
Apple is in a position to actually make things happen. Apple has to do more to get away from China. This also includes getting away from China-owned companies in other countries like Vietnam which are used to skirt around the restrictions.
The U.S. is not a cheap place to build stuff, even if it means taking smaller steps and building the factories in Canada or Mexico - countries already building our cars - then that would be a good first step. Anything to give the middle-finger to the CCP.
China's response is also hypocritical. I'd bet money that if the Apple-car is successful here, China will require that Apple build its car in China in order to sell to the Chinese market. It already requires that of many companies, but when we demand it - China says "no"? Screw them.
That's just a rehash of the "build/buy American" movement that rose and failed in the 80's and 90's as Japan was eating our lunch -- and that Trump tried to resurrect during his regime. Japan & China didn't take our manufacturing because they did it cheaper. They built stuff better, faster and cheaper. Toyota & Honda set the gold standard for quality. Apple has been clear that they do not manufacturer in China because its cheaper.
Aside from the fact that it makes zero difference to the U.S. if a car or phone is built in China or in Mexico, if we want to compete with either, we need to become more competitive. The problem is not with China, Vietnam, Japan or Mexico. They didn't take it from us. We gave it away.
From the financial point of view, the force is the value of the dollar. After WWII US becomes the sole power of the world. It needs a credible dollar to keep economy engine running. No debt and no inflation and backed by the gold. Unfortunately, US fought Vietnam war by itself. The war created big financial drain of US budget. Nixon decoupled dollar with gold. Gold prices skyrocketed. OPEC felt it is selling oil too cheaply and lauched an oil embargo. These factors cause inflation to go up and out of control. Carter was not able to fight inflation. President Reagan advocated free economy and successfully broke the labor union grip on US companies. In the meantime, Reagon spent lavishly on military budgets and causing deficit to rise. Meanwhile, US and China established diplomatic relations. This allowed US companies find lots of cheap labor to make better profit. Inflation pressure gradually receded in the late Reagon years. I could go on and on with what Bush, Clinton did later. It looks everything proceeded by the invisible hand of money. The question is what US should do to insure the continued prosperity of American people.
"During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations."
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
To blame everything on Xi is false. The real force is economy. There were manny Americans critical of China made products as early as twenty years ago. Then China starts to make more and more money from US. Apple won't become the most valuable company without manufacturing in China. Be thankful to China if you love Apple. Apple almost became bankrupt in 1997.
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
When will you understand? The real force is economy.
China's economy isn't as large as the U.S. economy is today, won't be as large until 2032 at best, and it is looking like it never will be larger than the U.S. economy due to the many Western companies that are exiting China.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
In 2021, the U.S. is first at $22,675,271 T, and China is second at $16,642,318 T, so the U.S. economy is 36% larger.
The current U.S. population is 333 M, and China is 1,445 M so China is 4.34 times larger in population.
China has quite a task ahead to surpass the U.S. economy.
Of course US wins in nominal GDP. A US truck driver earns over $60,000/year. A Chinese driver probably makes less than $10,000/year. lol
What you just stated, is that if the driver in China is paid in dollars, they would make less than $10,000 a year. I agree with that. It is also true that if China's entire economy is valued in dollars, it is less than the entire U.S. economy.
Were it not for China's exports/imports, ie, transactions with the rest of the world, valuation of its economy would matter little, and China is doing everything it can to avoid trade in dollars.
"Despite trillions of dollars in foreign debt and continuous large deficit spending, the United States still holds global trust and confidence in its ability to pay its obligations. For this reason, the U.S. dollar remains the strongest world currency."
China isn't anywhere close to that with its own currency.
And that's the problem. We squandered our industrial empire -- and now we are squandering our hold on having the world's defacto currency by undermining it with massive unconstrained debt and the unconstrained printing of that currency.
In the 60's & 70's we believed our industrial empire could never be challenged much less toppled.
Today we believe the same about our currency -- our last claim to non-military power.
Hubris and delusion are both deadly. And we suffer from both.
And, once again we are destroying ourselves.
FFS,
The U.S. continues to be the strongest economic power in the world, and China is very far from matching us. Militarily, the U.S. continues to have and to enhance alliances with Western Democracies.
The PRC is basically on its own, most recently from its failed "Wolf Warrior Diplomacy", and failing political system led by Xi Jinping, and that isn't the fault of the U.S.
Of course the world is reevaluating its relationship with the PRC, and companies leaving for greener pastures is reasonable and expected.
Comments
Tesla is not leading the way you think it is. They weren't profitable until they started selling credits. And they aren't the leading seller in Europe (believe it was Nissan last time I checked).
https://www.epa.gov/sustainability/general-motors-corporation
So, this is basically no news, or news of little import.
https://www.motorauthority.com/news/1130931_vw-group-sold-almost-half-as-many-evs-as-tesla-in-2020-and-it-s-just-getting-warmed-up
https://www.forbes.com/sites/michaeltaylor/2021/05/24/volkswagen-group-doubles-teslas-rolling-12-month-european-ev-sales/?sh=161378d96f4c
https://www.greencarreports.com/news/1128625_tesla-ranks-last-in-initial-quality-build-issues
So much for your education in the PRC.
Of note, China still doesn't have the GDP of the U.S., won't have it under the best of conditions for another decade, not even at four times the population of the U.S. China's population is aging, economic growth is hitting the S curve, and China is running into "the middle income trap" and may not "get rich before it grows old", even with the allowance of more children.
https://www.fdiintelligence.com/article/77718
"Xi Jinping has become the ultimate authority on business operations and politics in China. This has led to concerns among companies and states dealing with China, concerns that Beijing’s lack of transparency with regards to the true extent of the Covid-19 outbreak have only augmented. Investors active across the country have therefore increasingly been looking for alternatives.
An early mover was South Korean conglomerate Lotte, which moved its supply chain subtly and imperceptibly out of China after being forcefully sanctioned by the Beijing government as the corporation sold a piece of land to the South Korean government, which was eventually used by the US to counter threats from North Korea.
Samsung started downsizing its manufacturing units in Shenzhen and Tianjin and also began shifting production to Vietnam because of the volatility of the Chinese government and tariffs.
Meanwhile, its market share in the Chinese market has shrunk because of competition from domestic rivals. This shift that started with Lotte and Samsung has recently accelerated with the Covid-19 crisis and Japan and China’s conflictual attitude. However, it’s not only the Japanese and the Americans who are leaving mainland China and setting up shop elsewhere. Chinese business owners are also doing the same.
Fundamentally, the Xi Jinping regime now faces its biggest challenge as the ‘middle-income trap’ looms large in the horizon. This term refers to those countries which have experienced rapid growth and reached the status of middle-income country in a very short period of time, but then fail to catch up with the higher income economies and hence get trapped.
Foreign companies not only contribute to China’s economic growth, but also provide exports and employment. All of these factors are important if China wants to leave the vicious middle-income trap. If foreign companies continue to leave, then new investment may stagnate, which will negatively affect all the factors required for China to ascend to the status of a high-income economy."
The Biden Administration is rebuilding the U.S. Alliances that were damaged under the Trump Administration, and is also building strong military alliances in the Indo-Pacific, including the Quad of Japan, Australia, India, and the U.S.
Time is running out for China, and that is on Xi Jinping for alienating the West.
That's on Xi.
https://www.washingtonpost.com/world/2021/07/06/china-europe-investment-uyghurs/
Merkel is going to be out of office by the end of the year, and I doubt that her replacement will be as friendly to China. I'm thinking that trade agreement is dead.
Apple is already in the process of re-sourcing its supply chain out of China, as are many other Western companies.
Sure, China has a huge workforce that is great for assembly of the iPhone, but it is also that case, that many other countries also have workforces that are large enough to also provide assembly (hint; India in the future).
https://en.wikipedia.org/wiki/List_of_countries_by_steel_production
GDP (Gross Domestic Product);
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
In 2021, the U.S. is first at $22,675,271 T, and China is second at $16,642,318 T, so the U.S. economy is 36% larger.
The current U.S. population is 333 M, and China is 1,445 M so China is 4.34 times larger in population.
China has quite a task ahead to surpass the U.S. economy.
Were it not for China's exports/imports, ie, transactions with the rest of the world, valuation of its economy would matter little, and China is doing everything it can to avoid trade in dollars.
"Despite trillions of dollars in foreign debt and continuous large deficit spending, the United States still holds global trust and confidence in its ability to pay its obligations. For this reason, the U.S. dollar remains the strongest world currency."
China isn't anywhere close to that with its own currency.
VW is very well prepared for an EV transition. It just hasn't had to really start it in earnest although that is now changing, in line with broad legislation to harmonise and incentivise the use of EVs.
Various places in Spain are currently fighting to get huge VW battery plants assigned to them.
If anything, it is Tesla that might have a tough time maintaining relevance. Brands like Hyundai Ioniq have really taken off over the last few years, at least in my neck of the woods.
The U.S. continues to be the strongest economic power in the world, and China is very far from matching us. Militarily, the U.S. continues to have and to enhance alliances with Western Democracies.
The PRC is basically on its own, most recently from its failed "Wolf Warrior Diplomacy", and failing political system led by Xi Jinping, and that isn't the fault of the U.S.
Of course the world is reevaluating its relationship with the PRC, and companies leaving for greener pastures is reasonable and expected.
https://www.theatlantic.com/international/archive/2021/01/xi-jinping-china-economy-jack-ma/617552/
Get a new soapbox.