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  • Europe Finds It’s Not So Easy to Say Goodbye to Low-Cost China

    From bnnbloomberg.ca

    European leaders talk of shortening supply chains and curbing China’s “Belt and Road” plan. But on the ground in Italy, Gimmi Baldinini says his designer footwear company is in no position to cut ties with the Chinese. “Chinese workers have a better hand with gym shoes,” said the chairman of Baldinini, founded by his family in 1910 in northern Italy, where it still has the main production hub for the top segment of his goods. To produce sports shoes, the company relies on a Chinese plant in the Shenzhen area. “Production costs over there are 75% lower than in Italy. I can’t consider cutting them off and ... (full story)

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  • Comment #1
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  • Jun 30, 2020 2:21am Jun 30, 2020 2:21am
  •  YYZ
  • | Membership Revoked | Joined Nov 2019 | 122 Comments
Those who wants to sell their products in china must make them in china.
 
 
  • Comment #2
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  • Jun 30, 2020 3:34am Jun 30, 2020 3:34am
  •  AndrewBa-
  • | Commercial Member | Joined Nov 2016 | 5 Comments
Europe is facing a big refugee and migrant crisis - from countries, that just lie in front of its borders.

But was (is) giving away all production orders to east-asia...

that makes no sense.

Better educate the africans/ arab countries and give them the ability to produce same products, for as low costs as in China...
Check page 1 for all infos...
 
1
  • Comment #3
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  • Jun 30, 2020 3:50am Jun 30, 2020 3:50am
  •  rockit
  • Joined Oct 2013 | Status: Member | 30 Comments
Europe and the USA must cut all capital flows into this black hole in the far east, otherwise their (bad) fate is sealed. You must not feed the dragon, why do they not get it? I was shocked when I watched this:
Inserted Video
..
 
 
  • Comment #4
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  • Jun 30, 2020 5:18am Jun 30, 2020 5:18am
  •  barkie
  • | Joined Mar 2014 | Status: Member | 1647 Comments
Quoting rockit
Disliked
Europe and the USA must cut all capital flows into this black hole in the far east, otherwise their (bad) fate is sealed. You must not feed the dragon, why do they not get it? I was shocked when I watched this: https://www.youtube.com/watch?v=2Q6tUyJQ51M
Ignored
Too late buddy, look the US thought it was a great idea to make the largest communist country a superpower. And so it happened.
Dumb, dumber, dumbest, but we can't do anything about it anymore.

Here's the thing: the EU, Russia, China, practically the whole world benefits from globalization, so globalization will continue. The Rustbelt doesn't like it? Who cares, they are the past, we'll move on.

And btw, this is not only about cheap labor, China will be the largest consumer market the world has ever seen. Access to that market is crucial and will be even more important in the future for the whole world.

Globalization is well alive and China won, don't fight it, get over it, and figure out how to deal with China. Without the US of course.
 
 
  • Comment #5
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  • Jun 30, 2020 7:23am Jun 30, 2020 7:23am
  •  YYZ
  • | Membership Revoked | Joined Nov 2019 | 122 Comments
Quoting rockit
Disliked
Europe and the USA must cut all capital flows into this black hole in the far east, otherwise their (bad) fate is sealed. You must not feed the dragon, why do they not get it? I was shocked when I watched this: https://www.youtube.com/watch?v=2Q6tUyJQ51M
Ignored
USA tried all scary things against China. Nothing is working because China is the greatest country in the world
1
 
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  • Posted: Jun 30, 2020 1:30am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 9,161
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