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Japan to fund firms to shift production out of China

bloomberg.com

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Re: Japan to fund firms to shift production out of China

#71

Post by JoeAltmaier »

twomoretime wrote: post #65
systemvoltage wrote: post #9

Actually this pandemic has shown some true colors of many nations. 1) US trying to unsuccessfully hoard supplies, issues with the German testing company 2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. 3) European countries are in-fighting for supplies. Switzer…

>US trying to unsuccessfully hoard supplies, issues with the German testing company This is bullshit. At least three of those stories have been quietly retracted. Also you're damn right US should be putting itselt first when in crisis. This has also confirmed the true colors of the media - hypocrites who spent months comparing COVID to the flu and yelling "sinophobia!" For closing the border, before turning on a dime…

Yeah being President sucks. Supposed to be well-informed and make correct decisions, not rely on journalist's whining to create policy and take action. But so much easier to just issue sound-bytes and respond to whatever is the issue of the day.

Re: Japan to fund firms to shift production out of China

#72

Post by mkbkn »

systemvoltage wrote: post #9

Actually this pandemic has shown some true colors of many nations. 1) US trying to unsuccessfully hoard supplies, issues with the German testing company 2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. 3) European countries are in-fighting for supplies. Switzer…

> India banning critical medical exports

India did allow export for humanitarian purposes (last month).

Re: Japan to fund firms to shift production out of China

#73

Post by elliekelly »

muro wrote: post #13
jennyyang wrote: post #4

At the very least, medical supplies and drugs manufacturing will get pulled back into each country. The 3M spat between Canada and the US makes it abundantly clear that in a time of true crisis, you can't even trust your closest friends when something terrifying happens to the world like this pandemic. Whether it means all manufacturing will move away from China or if it means that they will spread it globally, is an…

Taleb describes this well: globalism allows for optimization (cost, efficiency), but increases risk. To reduce risk, add redundancy (locally).

In some ways it decreases risk though, too. The risk of war, specifically. The US and Chinese governments are far from friends but our economies are much too interconnected to allow either side to instigate too much of a disagreement.

For the most part globalization is good but the pandemic has certainly highlighted the value of strategic redundancy or at least an emergency plan B.

Re: Japan to fund firms to shift production out of China

#74

Post by zepto »

tren-hard wrote: post #5

So Japanese companies move operations to China because it's cheaper, leaving Japanese jobs behinds. Those businesses profit from cheap labor, emissions, and materials. Now Japan is subsidizing their return to Japan with $2.2 billion. I really hope the US doesn't adopt this (narrator: they will). It's a slap in the face to tax payers.

Why? Isn’t it good to bring the jobs back?

Re: Japan to fund firms to shift production out of China

#76

Post by oefrha »

kosievdmerwe wrote: post #50
systemvoltage wrote: post #9

Actually this pandemic has shown some true colors of many nations. 1) US trying to unsuccessfully hoard supplies, issues with the German testing company 2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. 3) European countries are in-fighting for supplies. Switzer…

> 2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. Given that China seems to force countries to pay for PPE the same countries previously donated to China, you're right for being skeptical. https://abc14news.com/2020/04/06/china-forces-italy-to-buy-s...

I would find this report more reliable if it quotes Italian officials, not Trump administration said this, Pence said that. Basing an entire article on the hearsay of an unrelated third party (that has a less than stellar track record of telling the truth) is just... odd.

Re: Japan to fund firms to shift production out of China

#77

Post by TeMPOraL »

ubermon wrote: post #46
systemvoltage wrote: post #9

Actually this pandemic has shown some true colors of many nations. 1) US trying to unsuccessfully hoard supplies, issues with the German testing company 2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. 3) European countries are in-fighting for supplies. Switzer…

2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. I am curious what will be considered not fake and genuine support? Damned if they and damned if they don’t. AFAIK Dutch issued a article clarify the mistake they made which nobody seems to care. I don’t think any…

> So why it is not in China best interests to offer genuine support when they can?

It's definitely in their interest, because in terms of realpolitik, this is their golden opportunity one-up the US on the world stage, possibly even making Europe more aligned with them than with the States.

Re: Japan to fund firms to shift production out of China

#78

Post by not_exactly__ »

magicsmoke wrote: post #48
not_exactly__ wrote: post #45

Earlier quoted context omitted.

The soft power only works on those that haven’t been exposed to it long enough. If you’ve dealt with China for a while, you know the real deal.

Want to give which geographical region you're from so I can put it down as an anecdotal datapoint?

Lived in China. Also lots of African friends who don’t appreciate how the Chinese do business in their country.

Re: Japan to fund firms to shift production out of China

#79

Post by toomuchtodo »

TeMPOraL wrote: post #77
ubermon wrote: post #46

Earlier quoted context omitted.

2) China trying to use soft power, but the whole drama feels fake. It is good that they are sending supplies (often faulty and not up to the quality, see dutch story around this) but it doesn't feel genuine. I am curious what will be considered not fake and genuine support? Damned if they and damned if they don’t. AFAIK Dutch issued a article clarify the mistake they made which nobody seems to care. I don’t think any…

> So why it is not in China best interests to offer genuine support when they can? It's definitely in their interest, because in terms of realpolitik, this is their golden opportunity one-up the US on the world stage, possibly even making Europe more aligned with them than with the States.

Turns out everyone is just flailing and drunk on the dance floor, geopolitically.

Re: Japan to fund firms to shift production out of China

#80

Post by justin66 »

jennyyang wrote: post #4

At the very least, medical supplies and drugs manufacturing will get pulled back into each country. The 3M spat between Canada and the US makes it abundantly clear that in a time of true crisis, you can't even trust your closest friends when something terrifying happens to the world like this pandemic. Whether it means all manufacturing will move away from China or if it means that they will spread it globally, is an…

> The 3M spat between Canada and the US makes it abundantly clear that in a time of true crisis, you can't even trust your closest friends when something terrifying happens to the world like this pandemic.

I think the Canadians worked that out a few years ago when the Trump administration declared Canadian steel a security threat to the United States so they could impose trade restrictions in contravention of our treaty obligations.

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