Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

[UKBengali]

Mfg wages in china was deemed not competitive in Asia as early as 2005/06.
Factories moved production to other Asian countries for labor cost arbitrage only to find out china “productivity adjusted” wages was highly competitive
China has not competed on low wage for 2 decades.As anyone with experience manufacturing in China during the past two decades can attest, plummeting commodity prices are due to a rapidly surging level of automation

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

Agree but there is only so far you can take this.

Like I say as China starts approaching US levels of manufacturing salaries, no amount of robots, automation is going to make China more competitive.

Western countries can supply say India with the robots and automation technologies to produce a lot cheaper.

 

[MrManiac]

Agree but there is only so far you can take this.

Like I say as China starts approaching US levels of manufacturing salaries, no amount of robots, automation is going to make China more competitive.

Western countries can supply say India with the robots and automation technologies to produce a lot cheaper.

They can try.

 

[MrManiac]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

No other country can replicate what china does period. All these copium talks will do nothing while china continues advancing in automation and eventually flood the whole world with Chinese goods. China is only half way there and there's so much more room to grow especially trade to the global South.

 

[UKBengali]

They can try.

China is not going to be producing low to medium end goods when it has US labour costs in as little as 10-15 years.

China has been moving for many years to a more "balanced" economy where services will become a greater share of GDP.

This is actually a good and not a bad thing for China.

 

[MrManiac]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

Even Chinese ports are much more advanced than any other countries . It's not even close china is first in almost everything.

 

[MrManiac]

China is not going to be producing low to medium end goods when it has US labour costs in as little as 10-15 years.

China has been moving for many years to a more "balanced" economy where services will become a greater share of GDP.

This is actually a good and not a bad thing for China.

Well china moves majority of its low cost labor to lesser developed regions of china. Guangxi province alone produces almost as much as Vietnam total electricity production. We are comparing only a small province in China. China doesn't lack labor it's just that China is moving toward automation in manufacturing that's something the world is still far far behind on. China was not even in top 10 in robot density per 10000 workers 5 years ago now it's in third place. China still need to double that in order to surpass South Korea. The job is not done.

 

[Beijingwalker]

Percentage of labor cost is becoming increasingly smaller in the total cost of a product, big shares include supply chains, logistics and transportation, which requires very advanced production facilities , roads railways and ports infrastructure, massive yet stable electricities and other power supply..., all of them will take decades to be built if ever at all.

Number one factor for being a manufacturing hub is large, well trained , high skilled workforce, Number two is superb comprensive infrastructure and supply chain, both of them would take many decades to be put in place. China's success was mainly based on these two factors, and it is also why there are so many dirty low labor cost countries around the world but merely a couple of them ever achieved manufacturing success during the whole history.

 

[MrManiac]

Gl competing with this


Trend is up only.

 

[Beijingwalker]

Well china moves majority of its low cost labor to lesser developed regions of china. Guangxi province alone produces almost as much as Vietnam total electricity production. We are comparing only a small province in China. China doesn't lack labor it's just that China is moving toward automation in manufacturing that's something the world is still far far behind on. China was not even in top 10 in robot density per 10000 workers 5 years ago now it's in third place. China still need to double that in order to surpass South Korea. The job is not done.

China started nationwide comprehensive occupational tech school education system since early 1980's, that's 40 years ago.

It took China almost half a century to have developed the world biggest highly professional skilled workforce all across all industries and sectors.

Thread 'China tops 47th WorldSkills Competition medal tally'

Sep 16, 2024

China tops 47th WorldSkills Competition medal tally​

Xinhua
11:10 UTC+8, 2024-09-16

Imaginechina

Chinese competitors secured the top spot at the 47th WorldSkills Competition medal tally by winning 36 gold medals as the event concluded in Lyon, France on Sunday night.

Chinese competitors secured the top spot at the 47th WorldSkills Competition medal tally by winning 36 gold medals as the event concluded in Lyon, France on Sunday night.

In addition to their gold medals, the Chinese...

• Beijingwalker
• Replies: 18
• Forum: World Affairs

• 

 

[MrManiac]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

Long Beach will get left behind chancay. Think about it Chinese owned port in Peru will be the biggest port in the Americas in the years to come. China means business.

 

[Beijingwalker]

There are hundreds of low labor cost countries all around the world, only a couple of them achieved success in manufacturing in the whole history. Low labor cost is the the last thing to decide a country's manufacturing potentials.

 

[MrManiac]

There are hundreds of low labor cost countries all around the world, only a couple of them achieved success in manufacturing in the whole history. Low labor cost is the the last thing to decide a country's manufacturing potentials.

China also dominates the global rare earth market, producing over 95% of the world's supply and processing around 90%

 

[Beijingwalker]

Average wage increased 10 folds in the past decade in China, but Chinese products, especiallly electronics, are actually cheaper than they were 10 years ago.
Labor cost is becoming irrelevant in today's manufacturing industries.

Whatever you can make, China can make it cheaper.

 

[Beijingwalker]

Future talents

 

[drkrn86]

These tariffs will get bypassed by some loopholes or blackmarket trade increases.
Many Indian goods circumvent into Pakistan Via Dubai with country of origin changed.
Not sure if country specific tariffs work.