I think it’s rather a concern that too much bending over backwards to please Xi will jeopardize their customers trust.
There is a concerted effort now afoot both in the EU and the USA to bring certain tech fabrication processes to domestic shores for various reasons.
The race to the bottom of costing in pursuit of profit margins brought other issues to the forefront and once the market probed the lower end of costing possibilities consumers noticed things like scissors that bend when cutting paper, and there’s been a large backlash, arguably one of the principle fuels feeding the fires of this fake so-called-populism.Im not so sure about China being the economic future of the world these days, despite decades hearing this and despite actual economic sizes and pollution footprints, as I’m not sure China and the US or EU markets can decouple effectively so easily. It’s a bit of a double edged sword for all concerned
mschuster91|3 years ago
The US/EU for a long time acted like "change through trade" (or in German, "Wandel durch Handel") would be a realistic prospect for dealing with both China and Russia. Obviously that failed, with Russia invading Ukraine and China following the 1933-45 footsteps with the Uyghurs. The behavior of both Russia and China has become so explicitly bad that even the hope for profits cannot make politicians look away longer.
The problem is: China has amassed enormous amounts of money, and they are using that money in a way similar to the Marshall Fund of the past-1945 era to build out immense support and a destination market for their goods in Africa and Asia. For better or worse, China will become a dominant player in geopolitics.
skhr0680|3 years ago