The discussion is a bit all over the place. The main points are that EU failed vaccination, and US failed covid testing (Statista disagrees https://www.statista.com/statistics/1104645/covid19-testing-...) , as well as having a decline of innovation and movement (disagrees here, people moved everywhere during covid, and US came up with tons of effective vaccines)
It's pretty hilarious both ignored discussing the current failing government: China.
- Came up with a 50% effective vaccine sinovac, and forces its citizens to take it
- Wolf warrior politics has infuriated almost every democratic countries on Earth, and alienated China. When Merkel steps down in Sept, the Green party candidate is most likely to succeed. And the newcomer will act tough against China and Russia
- Ballooning debt (they don't own global currency, unlike US), declining marriage/birth rate, middle income trap, unrest in many provinces
- The CCP is so insecure that they banned broadcast of oscars because of Chloe Zhao, because she mentioned CCP as failing one time in 2013
Actually no, this marks the beginning the decline of power for Alibaba and the rest of the Chinese megatech companies like tencent and baidu.
The chinese government goal for the next 5-10 years is stability, control and state companies, not innovation nor private sector growth. They fear the end of CCP. That's why the recently 5 year plan stresses stability, and doesn't set a growth goal
That's why they cracked down on Hong Kong and basically gave up a conduit of western capital/talents as well as letting Hong Kong citizen's wealth escape abroad.
That's why they are becoming alarmingly nationalistic and lashes out on US/EU politicians and encourages its citizens to boycott foreign brands like H&M.
That's why they are building artificial islands in the south asia sea despite Vietnam/Phillipine's angry protests, to shore up their maritime power.
Not if most of us keep claiming laziness and buy stuff that clearly say "made in China", when there are alternatives readily available either online or next to it in the aisle.
US riot - citizens who enjoy democratic freedom protested against republic/democratic government. protest got violent, government handled it.
Hong Kong riot - citizens who enjoy(ed) democratic freedom protested against encroaching dictatorship. protest was peaceful, but then turned violent when police faking as protestors started violence. protest got violent, government handled it (openly and in secret). The dictatorship increased its power at the end.
At many different times in 2019, 1.7M-2M Hong Kong citizens, or 25% of the population, proudly protested in the streets and requested for their freedom. If only something good had came out of it.
Imagine if you were a proud free parisian, and all of a sudden, you now live under nazi regime with concentration camps. That's probably what it feels like.
> Aimee Challenor, who currently works at reddit, is, at best, sympathetic to pedophilia. She has hired her father after he raped and tortured a 10 year old girl, a fact I find it hard to believe that she wasn't aware of, due to her living with him at the time of the crime, which happened in their house over several days. Her boyfriend also posted clearly pedophilic tweets, and he is now her husband.
For those who wants to stop supporting China, don't lose hope. Supply chains are migrating, due to tariffs, sanctions, and hatred towards CCP. Don't let naysayers who may have a vested interest in China talk you down. Just keep checking where the product you are buying is coming from.
- check https://chinalawblog.com and you will see that companies are indeed moving out of China at a quick pace. In fact, the site advocates that you do not think of China as the default manufacturing...
- No one wants to go to China right now. If you want to go, you are subjected to an anal swab covid test, mandatory spyware on your phone, plus visa incentive that requires you to use their state covid vaccine (50% efficacy!). Not to mention foreigner kidnappings and disbar from leaving the country. No company in their right mind would send their staff to China to increase footprint there
before you say "but then we won't have enough production" good, maybe we should create less things based on coal. we have item shortages now, and the world hasn't ended.
Nope, these people (farmers for life, migrant workers with no education, people living in abject poverty, etc) are stuck.
If there were actual growth in the economy, China would not outlaw hong kong citizens from leaving to go to England, creating a wall with myanmar to prevent citizens from escaping to there, having concentration camps to force uighurs to work for free, etc.
700M Chinese citizens who live on $140/month income.
500M 65 year olds by 2050 (money flows up in Chinese society. One grandkid pays 2 parents who pays 4 grandparents, since it's a one child society) Oh and no social safety net. you think CCP members care about the plebs?
These analysts who tout China live in 2008 China. And they ignore Xi Jing Ping + demographics + middle income trap + total debt as if they doesn't exist.
Wow, way to twist the history to your own narrative. Also, no, Tesla has not eaten the entire auto industry, stock market cap doesn't equal to product market share
> Video conferencing
Zoom (American company) launched in 2011. DingTalk started way late in 2014 and wasn't even that popular until 2017. and still playing catchup to Zoom.
> mass-adoption of mobile payment
Japan in the 90s. I believe Chinese citizens were still mostly riding bikes then.
Multinational factories are owned by multinationals. Yes, some factories are owned by Chinese firms, but even that's misleading. Alot of the "Chinese" firms have Hong Kong owners, who usually operates more ethically, and hates China, than "CCP state" firms that engages in modern day slavery.
- US President-elect Joe Biden affirms his anti-China position. On Monday, he slammed China once again for “abuses” on trade, technology and human rights and said America can best pursue its goals relative to Beijing, when it is “flanked” by like-minded partners and allies. https://www.hindustantimes.com/world-news/biden-slams-chines.... This should help confirm multinational COO's decisions to leave China faster.
- China keeps attacking other countries, and further isolating itself. From stopping coal trade with Australia, and causing blackouts for its own cities https://www.nytimes.com/2020/12/16/world/australia/china-coa..., to engaging in border war with india, to antagonizing US, Canada and UK.
- Chinese suppliers engaging in more and more thievery and sabotage against its own global partners, as reported at chinalawblog. Western companies are reporting Chinese suppliers are brazenly not delivering on goods paid for.
Nah, if I had to guess, it's some of those patriotic Mainland Chinese living in beautiful democratic countries like US and Canada.