They are not completely moving out of mainland China but they want to set up additional production lines in the Southeast Asia countries.
In 2016, Deloitte and others had identified Malaysia, India, Thailand, Indonesia and Vietnam as the top new places for low-cost manufacturing. The MITI V was the acronym they gave to Malaysia, India, Thailand, Indonesia and Vietnam.
However, complex products that involve plastics, electronics, printing, packaging are things where China will remain dominant for the next ten years.
Since 2001, hourly manufacturing wages in China have risen by an average of 12% a year. The yuan exchange rate became 10% cheaper. The 25% tariffs is speeding up shifts from China by about a year.
China already has highly productive and skilled workers. China is increasing automation and capital equipment investments.
In 2015, China launched a Made in China 2025 strategic plan. They wanted to increase the Chinese-domestic content of core materials to 40% by 2020 and 70% by 2025. The plan focuses on high-tech fields including the pharmaceutical industry which are dominated by US, Japan and Europe.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
20 thoughts on “Trade war and costs speeding shifts of production to ASEAN and USA”
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2% of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate, stocks, bonds.
China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10% stronger.” What? NOW we look at the exchange rate instead of PPP, when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate stocks bonds.
China’s consumer market is set to expand by about 12{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} stronger.””What? NOW we look at the exchange rate instead of PPP”””” when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.”””””””
OMG. Your continual display of ignorance on basic economic facts never stops, does it? Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
OMG. Your continual display of ignorance on basic economic facts never stops does it?Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
You sound so smart using words, but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words, but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words, but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt.
If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
OMG. Your continual display of ignorance on basic economic facts never stops, does it? Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
OMG. Your continual display of ignorance on basic economic facts never stops does it?Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2% of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate, stocks, bonds.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate stocks bonds.
China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10% stronger.” What? NOW we look at the exchange rate instead of PPP, when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.
China’s consumer market is set to expand by about 12{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} stronger.””What? NOW we look at the exchange rate instead of PPP”””” when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.”””””””
OMG.
Your continual display of ignorance on basic economic facts never stops, does it?
Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2% of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate, stocks, bonds.
“China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10% stronger.”
What? NOW we look at the exchange rate instead of PPP, when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation?
Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2% of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate, stocks, bonds.
China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10% stronger.” What? NOW we look at the exchange rate instead of PPP, when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate stocks bonds.
China’s consumer market is set to expand by about 12{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} stronger.””What? NOW we look at the exchange rate instead of PPP”””” when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.”””””””
OMG. Your continual display of ignorance on basic economic facts never stops, does it? Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
OMG. Your continual display of ignorance on basic economic facts never stops does it?Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
You sound so smart using words, but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words, but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt. If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
You sound so smart using words, but what does it all mean? Did your word somehow invalidated what I said. If you think so why not explain how. I don’t might learning. It doesn’t hurt.
If you can’t rebut a person’s argument then just insult the person. One of the finer points covered in the book of debating.
OMG. Your continual display of ignorance on basic economic facts never stops, does it? Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
OMG. Your continual display of ignorance on basic economic facts never stops does it?Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2% of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate, stocks, bonds.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate stocks bonds.
China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10% stronger.” What? NOW we look at the exchange rate instead of PPP, when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.
China’s consumer market is set to expand by about 12{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} stronger.””What? NOW we look at the exchange rate instead of PPP”””” when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation? Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.”””””””
OMG.
Your continual display of ignorance on basic economic facts never stops, does it?
Loo up the definition of ‘petrodollar’. Pay particular attention to its more modern meaning. Sheesh.
There can’t actually be a deficit. The money has to return to the US somehow because it loses 2% of its value yearly due to inflation. The deficit that is published doesn’t include financial instruments like real estate, stocks, bonds.
“China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The $8.4 trillion was based upon an exchange rate where the yuan was 10% stronger.”
What? NOW we look at the exchange rate instead of PPP, when it is actually more appropriate to look at PPP when talking about the domestic consumer market of a nation?
Love the hypocrisy on this site when it comes to 1) fluffing for Next Big China and b) fluffing for Musk.