I can feel the tensions between the West and China heating up notch by notch now.. It's a bit uncomfortable.
I even feel a personal dampening on what I will say publicly about China on social media, just because of hypothetical tech/travel opportunities, and I don't even live there.
They're also attempting to take control of the local operations of foreign companies in China:
"American and European companies involved in joint ventures with state-owned Chinese firms have been asked in recent months to give internal Communist Party cells an explicit role in decision-making"
"Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the ruling Communist Party in the local operations of foreign firms"
Don't blindly apply what works in the US to China.
The difference in population/social structure and a hundred other things, result in different approaches. Just like a pride of lions surrounded by a herd of wildebeest work differently to what happens inside an ant hill.
Sure the ants have conquered every nook of the world, that doesn't mean every animal on the serangeti has to start getting jittery.
Most likely not. For example, half of all Samsung phones are now made in Vietnam. China is gradually losing all of Samsung's business. The same will ultimately hold true for Apple. Ten years from now, the only companies that will still be making smartphones in China, will be their domestic brands.
Economists tend to forecast at 30 years by extrapolating the last few years. It is not obvious to me that the chinese economic miracle of the last 20 years, largely fueled by foreign investments (every industry in the world outsourcing to China), and after 2008 by domestic debt, is sustainable and reproducible in the long term.
I can feel the tensions between the West and China heating up notch by notch now.. It's a bit uncomfortable.
I even feel a personal dampening on what I will say publicly about China on social media, just because of hypothetical tech/travel opportunities, and I don't even live there.
The CCP banned hip hop music in the country the other day, and they're pressuring the Hong Kong courts to make guilty rulings against democracy dissidents: https://www.wsj.com/articles/beijing-attacks-hong-kongs-rule...
It feels like there could possibly be more larger scale problems going forward and I'm slightly jittery.