Quote:
Originally Posted by Mr.HappySilp
It will never happen the world is too used to "made in china" since is cheap and also other 3rd world country own too be debt to China to change things.
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Don't be too confident. At the height of its glory, it was unthinkable that Detroit would ever bust. But it did. When iPhone came out and MS still kinda dominated the mobile OS sector, it was unthinkable MS would ever be dethroned. But it did.
I'd go a step further and tell you why I think many countries would be shifting their dependence on China's fabrication this time: China chose to block the export of medical supplies and more or less temporarily repatriated foreign invested factories that produce these medical supplies in the name of National emergency.
Countries with heavy investment in military now saw the strategic importance of those supplies. And you can bet that they are going to basically outlaw (say... put a super heavy import tariff) the possibility of producing these strategic supplies abroad. Heck, I'd say that they saw the strategic danger of outsourcing any essential stuff abroad... especially in a country where it's not exactly governed by law because the laws are written at will to facilitate a party.
I suspect that after this, the whole production chain migration out of China will only accelerate. It was already in progress with the whole trade war going on. The way that CCP handled it would only expedite the whole process.
If China still relies on being the "World Factory" to maintain its economy, it's going to be in a huge surprise.