US Manufacturers Not Coming Back To North America, Says New Poll
November 2, 2018 in News by RBN
A new poll this week showed more than 70% of U.S. firms operating in Southern China are considering delaying further investment in the country and are moving manufacturing facilities to other countries as the trade war deepens, said Reuters.
According to the poll by the American Chamber of Commerce in South China, which surveyed over 200 companies, U.S. firms operating in China warned – they are experiencing extreme difficulties from trade disputes than firms from other countries.
64% of the companies said they were planning to relocate supply chains outside of China, but only 1% said they would consider establishing manufacturing bases in North America.
“While more than 70% of the U.S. companies are considering delaying or canceling investment in China, and relocation of some or all manufacturing out of China, only half of their Chinese counterparts share the same consideration,” the AmCham report said.
As the trade war deepens, supply chains in China are being forced to shift to Southeast Asia, the survey found.
U.S. firms reported that trade wars have increased competition from rivals in Vietnam, Germany, and Japan; while Chinese companies said they faced increased competition from Vietnam, India, the U.S., and South Korea.
Harley Seyedin, president of AmCham South China, told Reuters that customers are slowing down orders or not placing them at all. An ominous sign that global growth is now waning and a possible worldwide recession could be near.
Trump is doing Israel’s bidding. Got it!
In the 1930’s Father Coughlin warned of the banking and corporate takeover of America. He was instantly slammed with being antisemitic. Voltaire?
IMF could be based in Beijing in a decade: Lagarde | Reuters
The International Monetary Fund could be based in Beijing in a decade if growth trends for China and other big emerging markets continue and these are reflected in the Fund’s voting structure, IMF
A new era for Israel-China relations – Opinion – Jerusalem …https://www.jpost.com/Opinion/A-new-era-for-Israel-China-relations…A new era for Israel-China relations As the two countries across the Asian continent celebrate the 26th anniversary of bilateral ties, the huge potential going forward is evident.
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China is acquiring vast influence over essential infrastructures in Israel and, indirectly, also a closer look at some of Israel’s military capabilities. Over the years, that could place at Beijing’s disposal a potential means of wielding pressure against Israel, if the latter should endanger Beijing’s interests in the region.
Netanyahu: America is a golden calf and we will suck it dry, chop it up, and sell it piece by piece until there is nothing left but the world’s biggest welfare state that we will create and control. This is what we do to countries that we hate.
