China’s Worst Crisis In 30 Years, Shanghai & The Chinese Economy | Chinese Tech Stocks
As mentioned in past I believe Beijing has greatly underestimated how much their success is tied to global corporate investment of both financial capital and IP. I thInk Beijing officials had false sense of security as global company leadership have been very careful to reassure Chinese officials that their companies will continue to invest in China but all along companies have been quickly developing manufacturing outside China. Imports to China are lowest since 2020 which tells me factories in China aren’t producing to expected levels, copper and other key raw materials used in manufacturing all slowed on import side. Yet in other countries in Asia imports supporting manufacturing are up. I don’t think any amount of government infrastructure stimulus in China will change huge tide of global corporations regionalizing supply chains and not continuing to go with China as global manufacturing hub. Again I see official “surprise” as over confidence in Beijing as slowing manufacturing investment is not a narrative that provincial governments want to give to Beijing. Also think Beijing officials may be in bit of echo chamber reassuring each other that everything is great!
Good job. In regards to your other personal announcements, I believe that you should still maintain your current job as a security for income considering that should any new lockdown measures/unforseen new challenges arise you have some fallback plan. I could understand you doing a reduced reporting schedule to better balance things out (remember you are the foreigner in China with limited rights),so take a moment to make sure that's you look after yourself (plan ahead). With much peace,love and respect.
We are all getting so much value, me for only a cup of coffee. A+ for the insightful quotes. Xi wants another term of course. Shanghai probably has other ideas. Will Xi be tossed for a turn away from state capitalism? The record for Deng's turn to the people's talents is staring them in the face.
