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[–]Chipit 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Once again, no mention of how the tariffs are completely fucking up China. They are hurting them bad, and that was before the Wuhan virus.

https://www.chinalawblog.com/2020/01/how-to-prevent-china-factory-problems-and-trademark-theft-that-is-happening-like-never-before.html

"Chinese factories are hurting these days. Bad. Their sales are way down, especially to the United States. In China’s manufacturing exodus set to continue in 2020, the South China Morning Post made this starkly clear with statistics:

Tariffs saw China’s trade in goods surplus with the US fall by 7.9 per cent in November, according to data released by the US Census Bureau on Tuesday. This was amid a 20.84 per cent fall in Chinese exports to the US from a year earlier, including items like cellphones. US purchases of Chinese goods are now at their lowest point since March 2013.

Of equal importance is that China factory exports are expected to dip even more in 2020:

For every foreign company that left China in 2019, there were two to three more seriously contemplating doing so and we expect more companies to leave China in 2020 than in 2019.

Chinese factories are well aware of these numbers, and they are terrified by them. Chinese factories see American companies reducing their purchases to buy their products elsewhere. “Compared with June 2018, the month before the trade war began, US imports of goods from Vietnam have soared 51.6 per cent, Thailand 19.7 per cent, Malaysia 11.3 per cent, Indonesia 14.6 per cent, Taiwan 30 per cent and Mexico 12.7 per cent.” This massive downturn in American companies manufacturing in China has greatly impacted Chinese factories and greatly influenced how they see things."