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Chinese factories stopping production/looking for new markets as US tariffs bite

7 pointsby koolba19 days ago

1 comment

incomingpain19 days ago
what new markets? They naturally had already entered those markets long before.<p>The tariffs are well above decoupling %. Worse yet, china amortized their production based on precovid $. They cant afford to shutdown production.<p>They&#x27;ll likely be able to leap out of middle income status ultimately but the USA had been planning to do this since Obama made the decision.<p>china loses hundreds of millions of people by the end of the decade.