this post was submitted on 08 Jul 2023
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U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia's Vladimir Putin to "be careful" because Beijing relies on Western investment.

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[–] [email protected] 21 points 1 year ago (3 children)

Hasn't that actually changing, with Western corporations turning to Vietnam and its neighbors due to wages rising in China?

[–] [email protected] 9 points 1 year ago (1 children)

That is true, but it is a very slow process that will take many years

[–] [email protected] 4 points 1 year ago (1 children)

Escorts our of south was Asia were over 70% from China a few years ago and we're only 50% from China last year. These numbers are from my memory so probably not exact but close enough.

Decoupling/derisking is happening quickly with all major players moving to a china +1 policy for manufacturing.

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

You like South Asian escorts too?

[–] [email protected] 5 points 1 year ago

And who owns factories in Vietnam? China, lol. China is investing heavily in poor countries all over the world.

[–] [email protected] 0 points 1 year ago* (last edited 1 year ago)