Now, Apple is making moves to exit its manufacturing hub from the country.three years of strict lockdowns
Jennifer Hsu from the Lowy Institute says China's zero-COVID policies are just the tipping point of historic struggles faced by workers there."Prior to COVID, we've seen disruption happen at Foxconn factories across China for lack of safety measures, and the long hours worked by factory workers," she said.In 2010, a Guardian newspaper investigation reported 18 workers killed themselves, while another 20 were talked out of doing so., " she said.
"Many analysts are now saying the decoupling between China and the US in terms of technological dependence is taking place. "Without a doubt, China's economy is slowing," Ms Hsu said. "And zero-COVID is a big part of the slowing of its economy." "The main areas of political risk, speaking at a general level are things like the overall business environment that's created by a region's policies, regulations, and laws that are on the books and enforced in a particular country," he said.
"The first is a kind of secular slowdown of the Chinese economic growth rate, which means that the pace of market expansion is going to be lower than in the past," he said.
I hope so
good ,,why will they have a base in a country that buys a shirt in China for 5 dollars and sells in Myers for 80 dollars...cost don't add up...so smart move.
Pity the cost of living Australia is too high... otherwise there are some areas which would be great manufacturing hubs
India spends less than 1%'of GDP on health . I thought our coal was supposed to fix everything in India.
why not? china is not a people republic,,never was,, no free speach, right to strike, or protest with the risk of vanish without trace,,you tell me what is that,,,
Old news they already have is this for real. This is how Ponzi scheme works use the cheapest Labour around the world to fill the coffers of the offshore multinationals so u end up with a Greek economy auspol
Government should buy back All power stations and run them as non profit
Xi is setting China back decades
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