Australian (ASX) Stock Market Forum

It's Time To Tell China To Get Nicked

Poll: 78% Of Americans Are Willing To Pay More For Non-China Made Products
40% won’t buy anything from China now.

In addition to these findings, 55% said that they do not believe China can be trusted to fulfill its trade-deal commitment to buy more U.S. products, while 66% said they favor raising import restrictions over the pursuit of free-trade deals as a better way to boost the U.S. economy.

The findings come as President Trump announced that he now feels ‘differently’ about the trade deal he signed with China earlier this year.

”I feel differently now about that deal than I did three months ago,” Trump told reporters Tuesday.

https://summit.news/2020/05/20/poll...ling-to-pay-more-for-non-china-made-products/
 
India offers land to foreign investors who wish to reduce their reliance on China

https://www.wionews.com/india-news/...wish-to-reduce-their-reliance-on-china-296867

China doesn't actually make anything, its the brilliant minds of the West that design, test and put together the blueprints and concepts.
unfortunately through our greed which Chinese are so good at exploiting we rely on them to assemble and create the components and electronics we design.

Saying they "make it" is not entirely correct. If they boycotted electronics we would be in trouble, however if we rolled up our sleeves and did the hard work ourselves (yes no easy money and 500% profit margins) they would be in alot more trouble themselves.

The whole population would be forced to use cheap knock off chinese IPhones which will self ignite and tvs that crack when you stare at them too hard.

To put it in perspective Chinese are good at copying somebody else's intellectual property, designs and ideas or working from a supplied blueprint but they lack the creative mind to actually create anything from scratch that fulfils the design function
 
The more China enforces restrictive trade practices, the faster the other countries will develop their own manufacturing capability, China will lose out in the long run.
The U.S if it gets angry can very quickly ramp up production, as was proven in WW2, the U.S imports $700billion of Chinese goods, China only imports $100billion of U.S goods. A lot will hang on the outcome of this years U.S elections IMO.
So China would have to find other markets for its junk, the U.S and E.U would take China's share of our raw materials, to feed their increased output.
In all probability the U.S, U.K, Europe would form a trading block, it would be an interesting situation, which I personally don't think will eventuate.
But China's actions certainly must be ringing alarm bells, to those countries signed up to the 'belt and road' programme, China is proving themselves to be your friend until you don't agree with them.:(
It must be a worrying situation, for the port of Darwin and the Victorian Government IMO and if it isn't it should be.
Just my opinion.
 
Well reluctantly or not, you do.

Because without the battery your car is well and truly "based" :)

So until another country steps up with its own semiconductor industry that can undercut cheap Chinese crap our chances of telling them to get nicked are zero.

Either that or the whole world ditches the idea of greed at all costs for their little toys.
South Korea and Japan both produce batteries.
China is cheap. It's not the only place that makes stuff, it's cheap. That's their edge. Cheap with infrastructure in place for transport. Once the middle class expands it gets more expensive.

As for semiconductors China is way behind. I think they are about to spend $1trillion on getting the edge over the US.

Japan was similar in the 70s and 80s. Built crap and now it's considered high end components. China will follow a similar path. Demographics will be interesting over the next 20 years.

As for the car with no battery; I'll have you know I've watched at least 6 episodes of MacGyver. I'm pretty confident I could knock one up out of pinecones, chewing gum, lemon and some tinfoil.
 
India needs better infrastructure to get the goods to where they are going. They have a huge economic zone they made to poach industry.
But China already has a trained workforce and all logistics in place.
Downside is that IP is pretty much non existent in China. They just steal your idea and mass produce it. Also their government has just shown they are unreasonable when demands are not met. Business likes stability.

US/west would have to tariff the hell out of China to make it less attractive. I don't see a mass exodus at this point
 
Breaking the China Supply Chain: How the ‘Five Eyes’ can Decouple from Strategic Dependency

The report uses “Comtrade” data, compiled by the UN, of 5910 subsets of goods to measure “strategic dependency”. A country is “strategically dependent” on China for a good when more than 50% of imports of that good are from China, it is a net importer of those goods, and China controls more than 30% of the global market for that good.
All members of the Five Eyes are affected:
  • Australia is strategically dependent on China for 595 categories of goods. 167 of these have applications in critical national infrastructure.
  • New Zealand is strategically dependent on China for 513 categories of goods. 144 of these have applications in critical national infrastructure.
  • The US is strategically dependent on China for 424 categories of goods. 114 of these have applications in critical national infrastructure.
  • Canada is strategically dependent on China for 367 categories of goods. 83 of these have applications in critical national infrastructure.
  • The UK is strategically dependent on China for 229 categories of goods. 57 of these have applications in critical national infrastructure.
https://henryjacksonsociety.org/pub...-eyes-can-decouple-from-strategic-dependency/
 
If China boycotts electronic exports, we have no smartphone working within 5y.
Which will be the least of our worries by then
Our dependency is abysmal
This is the real danger.

Being completely dependent on others, for things you actually need, always poses a risk. That is especially so when the other party is one that's far larger and very different culturally.

It's not as though we haven't manufactured electronics in Australia in the past - AWA and Philips were both big operations making all sorts of things but then IBM and Panasonic (originally trading under the name of National) both at least assembled in Australia in the past indeed they were still doing it in the 1990's.

One aspect of that incidentally is that aggressive competition between AWA and Philips made Australia a world leader in traffic signal controllers at the time, indeed the software written in-house by the NSW state government is still used internationally today under license. Queensland state government has some commercial activities with software in that area too. Legacies from the era when government wasn't afraid to work alongside private enterprise to make things happen with Australian production. :2twocents
 
Well worth watching.
The difference between Chinese people and their govnuts CCP.
Stop the calls from anyone who calls another entity/person calling out the Chinese govnuts as racists.
Everything is in the detail.
 
Well worth watching.
The difference between Chinese people and their govnuts CCP.
Stop the calls from anyone who calls another entity/person calling out the Chinese govnuts as racists.
Everything is in the detail.

Fascinating, but not the least bit surprising :xyxthumbs
 
I find the nature of these posts ironic as hell. "Let's be angry when China buys our stuff. How dare they nick our precious ore and baby powder. Let's be angrier when China doesn't buy our stuff. How dare they try to ruin our economy."

Also find it funny we only find the Chinese people credible are the ones who are treasonous and backstabbing. Yet if say a Brit was to do the same they'd risk the capital punishment. Makes you think...
 
I find the nature of these posts ironic as hell. "Let's be angry when China buys our stuff. How dare they nick our precious ore and baby powder. Let's be angrier when China doesn't buy our stuff. How dare they try to ruin our economy."

Also find it funny we only find the Chinese people credible are the ones who are treasonous and backstabbing. Yet if say a Brit was to do the same they'd risk the capital punishment. Makes you think...

Choose a side mate.....it’s only the Internet
 
I find the nature of these posts ironic as hell. "Let's be angry when China buys our stuff. How dare they nick our precious ore and baby powder. Let's be angrier when China doesn't buy our stuff. How dare they try to ruin our economy."

China is what they are, the real failure is on the part of the West for sticking our collective heads firmly in the sand and pretending that China is just a Western country that speaks a different language, comparable to say France, ignoring the major cultural and governance differences.

It's arrogance on the part of the West which leads to that. Naively expecting that everyone will adopt our ways since we think we are clearly superior and therefore everyone must want to be like us. Americans are particularly bad in that regard.

We can do business with China but we need to remember that's what it is, strictly business. Don't let it become a dependency - that it has done so is where the problem arises. :2twocents
 
China is what they are, the real failure is on the part of the West for sticking our collective heads firmly in the sand and pretending that China is just a Western country that speaks a different language, comparable to say France, ignoring the major cultural and governance differences.

It's arrogance on the part of the West which leads to that. Naively expecting that everyone will adopt our ways since we think we are clearly superior and therefore everyone must want to be like us. Americans are particularly bad in that regard.

We can do business with China but we need to remember that's what it is, strictly business. Don't let it become a dependency - that it has done so is where the problem arises. :2twocents
It reminds me of the early days of contracts with them, you had a contract until they didnt like it, then they wanted a new contract.lol
 
The difficulty is keeping the middle ground between the US and China.Should not be that hard to do if we act in good faith and understand the parties.The US is big enough and ugly enough to get way with antagonist behaviour toward China-a minnow like Australia is not.
 
China is what they are, the real failure is on the part of the West for sticking our collective heads firmly in the sand and pretending that China is just a Western country that speaks a different language, comparable to say France, ignoring the major cultural and governance differences.

It's arrogance on the part of the West which leads to that. Naively expecting that everyone will adopt our ways since we think we are clearly superior and therefore everyone must want to be like us. Americans are particularly bad in that regard.

We can do business with China but we need to remember that's what it is, strictly business. Don't let it become a dependency - that it has done so is where the problem arises. :2twocents

I would say satisfy our own needs before we export.

We export iron ore and met coal for others to produce steel which we import when we can make it here.

We export seafood but also import seafood, why not just eat our own seafood first and then export the rest ?

Same with beef and other meat and dairy. Free trade agreements have eroded our national sovereignty.

If we want to apply import quotas against stuff we don't need we get taken to court.

We need to get real and manufacture more of our needs instead of training more baristars and hairdressers.
 
It reminds me of the early days of contracts with them, you had a contract until they didnt like it, then they wanted a new contract.lol
Still like that...
I like @Smurf1976 highlighting the arrogance of the west as a cause.
We aka west, not I , still see China as a mass of bicycle riding peasants going to the rice fields whereas it is a world factory sucking jobs from us and creating untold wealth.there.
And a feeling of a selected Han race akind to nazi ubermenschen...
We are still so naive with our democraties....
 
Top