China retaliates to US chip restrictions with export controls on vital tech metals gallium...

[p51d007]

Good....
Now cheap labor (ie slave labor) will end... while the rest of the World adopts new G&G metal mining strategy. We'd gladly take a 10 year hike in electronics, for the rest of the world to get off CCP hegemony & resources derived from "cheap labor".

win/win for everyone but CCP.

I think it started like this.
After WW2, U.S. became the global manufacturer. Europe was in ruin, so was Japan.
As workers demanded more money, the CEO's looked for cheaper labor. Then they moved
to Japan. As Japan improved, their workers demanded more, and labor moved to Korea.
Same happened there, and they moved to China. It was like a dream come true for the
industrialists. The CCP dictatorship won't allow people to demand anything, so the labor
pretty much stayed at a fixed rate.
Once the CCP had a lock on a LOT of manufacturing, they start demanding things from other
nations "or else" cut them off.
What the CEO's need to do is take a PAY CUT, along with the stockholders and bring manufacturing
back to the U.S. and others and tell the CCP to go pound sand.

 

[m3tavision]

Damn, how much delusional (and phobics) here.

those who mention the "rest of the world"... most of the world, more than 2/3 of the population and countries, in one way or another are leaning more towards the "east", towards Asia. Africa, Central and South America, the Middle East and much of Asia lean towards China and Russia. even outside of those, a part of the population also does it

Just saying "rest of the world" already shows an intrinsic level of arrogance, racism, discrimination of many kinds.

That "rest of the world" knows the other "rest" too well, they have had to suffer them for decades and even centuries, and some still suffer. For a few years now they have taken their position and attitude, they have historical, current, and future reasons for it. this last year only showed them and demonstrated in all light the extreme levels of arrogance, hypocrisy and cynicism of that other "rest".

Just looking at the economics and trade, many countries are reducing and even eliminating the dollar in their economies and trade transactions, and they already looking the euro with the same intention. commercial, economic, financial systems, and even military ones are increasing their reach and capacity outside of this little group that calls itself "the West". both BRICS and SCO are wronging faster than anything.

Those with such short sights, with knowledge only of their immediate environment, and of the current width of their wallet (many times fictitious width) do not see or prefer not to see how the planet has been changing at an accelerated rate in the last decade and even more so in the last two or three years.

really, realism is conspicuous by its absence around here. It even seems that some have a vein line right from the British Bullshit Corporation...

"World's Economy" means the people who buy electronics.... 3rd world Countries are not as large of consumers as the rest of the established World.

China didn't even have highways when I was born... and OUR capitalisms is what paid for, & built China. They were suppose to open up their Country to the west... and instead took all that Capitol and locked their Country down...

Taiwan was suppose to be the way to opening up to the world. And Xi can't have that for his Authoritarian plan to work...

tick tock... revolution looms.

 

[Watzupken]

Many months ago I said that US govern shoot itself in the foot, with arbitrarily economic sanctions against China firms only to favor US corporations.
Now US is tasting Karma effect. And it seems that US corporations do not like it at all.
Regardless, these news will be interesting to follow.
Because will cost customers all over the world more money from their pockets.

Sanctions are generally ineffective especially in the longer run. This is especially the case when there are a lot of dependencies on China for raw materials and manufacturing. Just like people are expecting China to shoot themselves in the foot, the same can be said for all the sanctions imposed by US. What we see here is not unexpected. In the end, every nation bears the brunt due to shortages and increasing cost. It is easy to say that other nations can easily replace China, but I have yet to see it happen because in reality, it is not that easy. Even if you can achieve it, it will come with a heavy price tag.

 

[m3tavision]

Sanctions are generally ineffective especially in the longer run. This is especially the case when there are a lot of dependencies on China for raw materials and manufacturing. Just like people are expecting China to shoot themselves in the foot, the same can be said for all the sanctions imposed by US. What we see here is not unexpected. In the end, every nation bears the brunt due to shortages and increasing cost. It is easy to say that other nations can easily replace China, but I have yet to see it happen because in reality, it is not that easy. Even if you can achieve it, it will come with a heavy price tag.

The only people who want "cheap" are CEO's...

Nations don't care about spending more on a Product, if it it's domestically made, it just needs National support. That is why Globalist support china, bcz they can exploit cheap labor, while Nationalist want locally made items that support their Citizens.

Again, Citizen of Other Countries don't want cheap chinese products, it is just that Jeff Bezos & globalist channels shove those cheaps products down out throats and drowned out the artisans of their products.