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Suspension of inbound parcels from China and Hong Kong

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Re: Suspension of inbound parcels from China and Hong Kong

#341
post #314

Earlier quoted context omitted.

There are nets on bridges and other places in the US, too. Also I don't think the suicide rate of those workers you are referring to is higher than the general population. There are simply lots of workers. For example, Foxconn has more than 1 million employees so it is normal that there would be some level of suicide within such a large population.

We have millions of people here, suicide rates are not that high, and no nets. So what is your argument exactly?

The US? Your suicide rates are higher, and you do have nets[0].

In their worst year, Foxconn had 15 suicides from 930,000 people for a rate of 1.6 per 100k[1].

The US region with the current lowest rate is the District of Columbia, at 6.1 per 100k; the US national average in Foxconn's worst year was about 13 per 100k[2].

Today, the USA national average ranks them #31 highest in the world with a rate of 14.5 per 100k, while China's national average of 6.7 per 100 is close to your best region (DC) and ranks them #122 (higher rank number means lower rate)[3].

Foxconn, in that year, had a workforce about the same size as the total population of South Dakota. South Dakota in that year had a suicide count of 139 [4].

[0] https://www.goldengate.org/district/district-projects/suicid...

[1] https://en.wikipedia.org/wiki/Foxconn_suicides

[2] https://en.wikipedia.org/wiki/Suicide_in_the_United_States#/...

[3] https://en.wikipedia.org/wiki/List_of_countries_by_suicide_r...

[4] Page 5: https://sprc.org/wp-content/uploads/2022/11/South-Dakota-Sui...

Re: Suspension of inbound parcels from China and Hong Kong

#342

Earlier quoted context omitted.

They expected China to grow in a way that would lead to the "west" exerting much more control over China than they ended up with today. Basically they wanted more western-style capitalism, reduction of state control, etc... Now China is very strong, and the west exerts very little influence

China is weak, its current economic engines of real estate and internal consumption has failed. It is currently heavily dependent on export, of which, sanctions and tariffs on China would wreck their economy.

They account for 30% of global manufacturing, have the second largest GDP (largest GDP PPP), and are rapidly developing in the tech sector. Not weak by any means

Re: Suspension of inbound parcels from China and Hong Kong

#343

Any idea why?? Presumably the tariff/trade debate?

The most likely reason is because shipments below a certain value were not being inspected and this was a loophole that allowed China to undermine the US by shipping fentanyl ingredients. My guess is that the postal service needs time to resolve this issue, and are choosing to stop processing these packages for now. The other possible reasons are to impose tariffs on shipments below the low value threshold, to disrup…

This is like when Mexico imports synthetic ammonia from China, but synthesizes TNT in Mexico and smuggles it to the United States, but American politicians say that China exports TNT. The funny thing is that TNT is a seriously illegal product in China.

Re: Suspension of inbound parcels from China and Hong Kong

#344

Earlier quoted context omitted.

2021 is not recent for you?

I'm responding to "China seemed to be on a trajectory towards a free market and less repressive government"

I thought the point being made was that this trajectory has been reversed recently.

Re: Suspension of inbound parcels from China and Hong Kong

#345

Earlier quoted context omitted.

Building out more high-speed rail interconnections than any other part in the world is a well-known sign of a country that thinks short-term.

Building out mostly unused high-speed rail interconnections and being in debt is a well-known sign of a country that thinks short-term. the local government gets paid for building these useless rails out. China Sees More Stations Shut Down as High-Speed Rail Debt Crisis Deepens https://english.pardafas.com/china-sees-more-stations-shut-d... China’s High-Speed Rail Is Dead: Over 4,000 Ghostly Stations, Billions Spent,…

Building nothing and being in even more in debt is the high IQ play.

Re: Suspension of inbound parcels from China and Hong Kong

#346

Earlier quoted context omitted.

upvoted by poster. BUT - USPS stopped subsidizing Chinese packages back in 2018? https://thehill.com/opinion/finance/418081-usps-is-done-subs... So on the surface, this looks more like corporate welfare to FedEx/DHL.

(declaimer: I am from Hong Kong, and have worked on some import tax/declaration system) Import tax and tariff relies on clear and accurate import declaration. For DHL/FexEx imported package, you can fine them when the declaration isn't right. For USPS imported package, you can't fine USPS -- they didn't know what's in package when it arrive. You can't fine Hong Kong Post or China Post, because they are not US entitie…

>For USPS imported package, you can't fine USPS

Or you could do what pretty much every other country in the world does, and fine the recipient.

Re: Suspension of inbound parcels from China and Hong Kong

#347

This is going to utterly fuck so many R&D projects at my company. We actually do large-scale manufacturing of industrial valves in the USA. But a lot of our prototyping involves working with Chinese suppliers and getting small batches of samples / prototypes / revisions sent in packages on airplanes. I literally do not know how the electrical and firmware engineers will do their jobs now if we cannot receive packages…

Only if "utterly fucked" somehow means you can still pay a bit more to DHL and get packages even faster than USPS. Your fast prototypes coming by air freight likely aren't routed through USPS at all unless it's the last leg of a consolidated shipment that's broken apart once it reaches the US. Those would be using some other carrier to get them from China to the US and then USPS only inside the US. USPS all the way f…

apparently DHL is not accepting parcels from Hong Kong to US: https://www.thestandard.com.hk/breaking-news/section/4/22675...

not sure about other carriers but that doesn’t sound good

Re: Suspension of inbound parcels from China and Hong Kong

#349

Earlier quoted context omitted.

Good point. Capitalism's fundamental is RoI, and in China the time scale is "forever" while in the venture capital market it's 5 years max.

Chinese government only thinks in terms of months, not forever. Why do you think they overbuilt housing and crashed the economy? It's because the government officials want to quickly cash out and escape to other countries.

Wasn't the housing crisis mostly the Chinese middle class trying to secure their savings from inflation by investing in real state?

Re: Suspension of inbound parcels from China and Hong Kong

#350

Earlier quoted context omitted.

Because there's nowhere in the US like Shenzhen, Guangdong or Hong Kong. Remember how Apple couldn't just pick up and move the production of iPhones to India or Vietnam? You need all the ancillary industries around the production to be there, along with being competitive and commoditized as well. When a supplier has something go wrong a line of manufacturing doesn't go down. You go down the street to the same guy sel…

> Remember how Apple couldn't just pick up and move the production of iPhones to India or Vietnam? You left out the part about dormitories full of modern-day slaves, complete with nets so they don't leap to their deaths. Generally this is frowned upon in the West. India and Vietnam wouldn't tolerate it either, despite being developing countries. Wasn't there a riot at Apple's India factory over work conditions or am…

> complete with nets so they don't leap to their deaths.

These nets are everywhere here. In the our other building's (which is an R&D facility where nobody is a modern day slave by your definition) stair well, construction sites, bridges, etc.

I saw it all over Europe in buildings, bridges, etc.

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