I'm not sure whether China included Covid and Xi into their calculation when they came up with these dates.
Agree with you there but the real hurdles w.r.t the Wuhan virus is hitting them now , not in the past 2 yrs unlike the rest of the world.
Xi is the person who brought those dates forward though I think a certain amount of ground work would've been done in Hu Jintao's tenure. They did start their belligerence then though compared to what it's now & will be tomorrow , it was child's play.
The US/European companies operated under this assumption that China will remain business friendly. However, that trust is completely shattered and now everyone is looking for alternate options. The Covid lockdowns and Xi's high handedness is only pushing everyone to move faster. Many companies have relocated their foreign staffs and not planning to send them back anytime soon. The crackdown on protesters has seriously dented China's image as a business friendly nation. China will not cease to be world's factory overnight, but the chance of any significant future growth is very very slim. IMHO China has reached it's peak and now it's only downhill from here. They can cook the books or continue to build useless stuff by taking debt to show growth. But that's not real growth and only lead to more painful fall.
Wheels within wheels . US is busy phucking EU. It's like the corn being ground to powder between 2 millstones viz US & Russia . To think , people here were warning the Europeans what to expect but the French contingent here were still in Bastille Day spirit about Ukraine & the US supporting Europe like a rock while Paddy here who can never tell the difference between his a r s e & backside was busy pooh poohing us out here . Some village was & is definitely missing it's idiot.
Meanwhile Macron having tripped & fallen badly on his face is pretending to inspect the flooring.
The US president conceded there were ‘glitches’ in the roll-out of America’s multi-billion-dollar package of green subsidies.
www.politico.eu
Besides , Didn't the US come out with massive subsidies vide that Inflation Reduction Act , apart from the CHIPS Act which again has huge subsidies plus the Climate Change subsidies for industry .
Politicians warn of investment exodus across Atlantic, driven by US incentives and cheaper gas prices
www.ft.com
President Joe Biden next Tuesday will sign a bill to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China, the White House said on Wednesday.
www.reuters.com
Given the energy crisis in Europe , I doubt the EU would do anything to disturb their supply chains in China while the companies in Europe flock to the US for the generous terms they're being offered there.
Intel which was to set up an SMC wafer fabrication facility in Germany maybe rethinking their venture.
In the interim China benefits without lifting a finger. Europe pays a huge price for not learning from history & depending on borrowed arms read mercenaries for security only to have them hold their hosts by their pebble sized balls to ransom .
@Picdelamirand-oil ;
@A Person
Meanwhile Brexiter politicians mostly conservatives are busy selling their snake oil to their constituencies that Brexit wasn't anything to do with improving the lives of the average Briton but to bring the EU down to match UK's falling economy.
To think barely 3 yrs ago this time , the Conservatives won a landslide & the party in labour was reduced to it's worst showing in decades. You know the upshot of this , Paddy . Irrespective of how successful Sunak is in salvaging what he can with your economy , the party in labour comes back to power in 2023 hopefully with a landslide to break all their previous records.
Hope you know what that portends for your benighted future. You're right Paddy . They go doling out money to all & sundry & you end up further up shit creek without a paddle & a leaky boat come 2027.
Man , writing this analysis made my day , nay my week , my month . I haven't had such a delightful feeling of schadenfreude since ages .
Not everything is gloom & doom though Paddy. Look at the bright side - Biden is probably the only Irishman to pull the most massive con job ever in the history of the world & the history of your people . It's called the exception which proves the rule . I've turned into a huge huge fan of Irish Joe. If Macron & the Europeans complain he can always act absent minded.
@BMD
.
. Just imagine the economic impact of trillions worth products can’t be produced. Of course you and me can survive with an old phone. But what will we do if the phone breaks down and nothing is available to buy.
.
