John O'Shei
- 2015-10-21
I'm not exactly talking about replacing China completely. The leading companies are the ones that are more likely to get in there first and make use of better options. I also wouldn't underestimate Africa; since so many Chinese companies are turning to them!
The Truth
- 2015-10-20
There's not just Vietnam, there's quite a few other countries that offer better manufacturing options. Burma, Bangladesh, Cambodia... Actually Cambodia poses a problems for Chinese companies that have moved there...
Still not enough. There are simply too many people in China to have this make a big enough dent. You would have to include India and Africa to water down their share.
John O'Shei
- 2015-10-19
There's not just Vietnam, there's quite a few other countries that offer better manufacturing options. Burma, Bangladesh, Cambodia... Actually Cambodia poses a problems for Chinese companies that have moved there...
The main issue is the inefficiency in Chinese manufacturing was previously forgiven because costs were so low. Now, inefficiencies have been revealed and that's going to mean that if these companies are to survive, there's going to have to be a lot of cost trimming taking place at various companies.
For sure China is far from doomed; but over the next few years, it's going to have to start getting its act together. Even the Chinese manufacturing companies are leaving China!
At least they're moving in the right direction, in the tech industry. Being more innovative, getting new products to market very quickly...
The Truth
- 2015-10-18
There are companies moving out of China to other Asian countries but it's not a mass exodus
Well, it can't be.
China is 1,400 million. Vietnam, 90 million, and so on. There simply are not enough local ASEANA workers to replace all in China to have a China+1 policy move a large percentage of the manu sector out of China.
As for not wanting to know how the rest of mankind thinks, the young and educated adults I have met (and taught in some cases), are much more aware of the wider world than certainly their parents or grandparents. But they have been told about the '100 years of humiliation' and it's still a sore point that cultivates extreme nationalism.
I think it to be a much older and more ingrained cultural habit.
In the 13th C. when Europeans first came to China, one of the things they noted was that the Mongols sent them to Qingdao to get a portrait painted. At first everyone was flattered. Then they realised that this was for security and tracking purposes.
Their xenophobia is as old as written records exist in China.
Mao and the USA and '100 years of humiliation' have nothing to do with it.
This is who they are, always have been.