Foreign businesses confessed that they had grown too dependent on China as the easiest and best place to make and sell their wares, whether for export or in domestic markets. The new virus, coming on top of a trade war with America, was declared a salutary shock that would drive big changes.
Optimism varies by industry. In particular, makers of cars and luxury goods enjoyed bumper sales as affluent Chinese, denied holidays abroad by pandemic controls, went shopping instead. Fully 91% of the firms said they would maintain their investments in China, rather than move them elsewhere. Over a quarter of manufacturers are bringing supply chains more completely into China, five times as many as are moving them offshore.
European companies report losing business opportunities because of laws that demand that sensitive technologies used in China must be secure and controllable by Chinese authorities. Those laws are buttressed by rules banning many data transfers across China’s borders. That is forcing multinationals to build duplicate databases, cloud services and software systems just for China, and to hire all-Chinese research and development teams.
Because of globalization, the production of basic daily necessities in the United States, Brazil and other countries did not stop supplying when the epidemic was the worst. Value-added products may make you live a better life, but basic daily necessities are fundamental.
it is why Biden is keeping China tariff
That means, China is the next 'BIG THING?' EMPIRE
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Sebastian Gorka claims Biden helping China 'displace' U.S., credits Beijing for 'China first' policyGorka mocked the 2016 Paris Climate Agreement and said the U.S. carries the financial and economic burden of the world while allowing China to become a stronger international superpower. It should come as no surprise to SebGorka that the Liberalization of China was planned. The founding members of the Mont Pelerin Project knew that liberal reforms along with globalization would lead to the reconfiguration of the Chinese & U.S. economies thus creating fortunes. Mr. SebGorka should know that the concept of a China first policy started in 1978 when China opened its economy to f. investors. Since then American & European oligarch's armed with economic theories derived from the Mont Pelerin Project est. a China first policy that remains. I'm shocked that SebGorka or seanhannity haven't blamed President JimmyCarterNPS for not being tough enough on China during his term. The calculus is not that hard. Capitalism went into crisis because of the attacks on organized labor by U.S oligarchs who like unchecked power.
Source: Newsweek - 🏆 468. / 52 Read more »
Biden to urge G-7 leaders to stand up to China on reeducation camp abusesPresident Biden on Saturday plans to urge allies to publicly call out China over its Uighur reeducation camps on the second full day of the G-7 summit. 🌏🌎🌍Countries are not impress by Biden's attacks to China🇨🇳or the G7 club of rich countries that never called for a meeting to coordinate actions to confrontCOVID19 Intl PublicHealthCrisis. Vaccines assistance is Not generosity G7&🌍Countries notSAFE until ALLcountries areSAFE Shouldnt he be doing the same thing in the US for the same re-education thats happening in this country?...CRT? Twenty years earlier, America is a country that I yearned for.
Source: FoxNews - 🏆 9. / 87 Read more »
Biden Pushes G-7 to Criticize China Over Forced-Labor AllegationsThe president is pushing world leaders to call out China over allegations of forced labor in Xinjiang as the Group of Seven leading economies prepare to unveil a global infrastructure plan meant to compete with Beijing. Dear GOD/ALLAH/SHIV/etc. My comment on your planet - Human being r enjoying Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs SO Crime-rate & Health-care budget is skyrocketing. They are fighting/Killing each other based on Nationality, Religion, Race & Color. Dear GOD/ALLAH/ SHIV/etc. My comment on ur planet - Human being r enjoying Smoking, Alcohol, Drug, PORN, Premarital Sex & Extramarital Affairs SO Crime-rate & Health-care budget is skyrocketing. They are fighting/Killing each other based on Nationality, Religion, Race & Color.
Source: WSJ - 🏆 98. / 63 Read more »
G7 calls out China in final communique after urging from BidenThe official communique released after the G7 summit in the U.K. called out China for human rights abuses and for an investigation into the origins of COVID-19. Lol
Source: Newsweek - 🏆 468. / 52 Read more »
WHO Chief Urges China to Cooperate With Probe Into Covid-19 OriginsThe head of the World Health Organization urged China to cooperate with an investigation into the origins of Covid-19 after Group of Seven leaders discussed the pandemic's causes China has been cooperating. The US needs to come clean! July 2019 Urges because WHO is a slave of China Non cooperation will fuel more suspicions that China definitely is hiding evidence.
Source: WSJ - 🏆 98. / 63 Read more »
Gas explosion in central China kills at least 12BEIJING (AP) — At least 12 people were killed and 39 seriously injured Sunday after a gas line explosion tore through a residential neighborhood in central China. Responders to the early morning blast in the city of Shiyan in Hubei province sent more than 150 people to the hospital, according to officials quoted by state media. Chinese media have committed a blasphemy against the God of Christians & they pay it in a record time. This is only the beginning. 💔💔💔 Was it an accident or intentional? 😏
Source: AP - 🏆 728. / 51 Read more »