Sunday, November 26, 2023

China

Foreign companies are leaving China. They are fed up with China's insistence that they share their proprietary knowledge. This is information that they got by spending a lot of money on research and development and China wants that free. Wages in China have increased to where other countries are more competitive. This is especially true in Mexico. Average wage in China at $6.50 per hour and in Mexico $4.80 per hour. The supply chain from China is too far and unreliable. Shipping cost is too high. China uses child labor and slave labor. The whole of China's economy is unstable with big problems led by real estate

No comments:

Post a Comment