We are in process moving a product line from China to Canada as result of the 25% tariff. Fact is, the product was migrating to North America anyway as prices from China increased, and product innovation has not kept pace. It difficult to fully state how the lack of foreign competition, protection, and subsidy has created inefficiencies and other problems across large sections of Chinese goods. Youtube bloggers ADVChina and serpentza are good places to start in understanding the scope of difficulty.
I have one former Chinese partner in China, now far too successful to care anymore, who described it to me this way... You have farmers and one generation down from farmers managing the largest and arguably most complex political-economic situation in the world. The expertise is simply not there at the highest provincial and central levels, where its desperately needed. The political will isn't there to rebalance.
The meltdown won't just be the supply chain. China's military will impact the nature and breadth of the decline.
I have one former Chinese partner in China, now far too successful to care anymore, who described it to me this way... You have farmers and one generation down from farmers managing the largest and arguably most complex political-economic situation in the world. The expertise is simply not there at the highest provincial and central levels, where its desperately needed. The political will isn't there to rebalance.
The meltdown won't just be the supply chain. China's military will impact the nature and breadth of the decline.