China's Major Manufacturing Crisis - Why Companies Are Fleeing the CCP

The Chinese economy could be on the brink of collapse. Companies from around the world are pulling investments and moving their manufacturing to other countries. China has the second largest economy in the world, but with foreign and Chinese businesses fleeing their borders every day, it may only be a matter of time before everything falls apart. What is causing this? Where is everyone going? And will China be able to recover from this mass business exodus? Find out in today's epic new video!

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[mentalstatement]

America should focus on developing South America and Mexican economy rather than shipping jobs to China. This will reduce illegal migration and also help boost their economy as they will create more consumers for American goods

[FrancoCastro]

Mexican here, we are happy to bring more manufacturing to our country :D

[masterofThardus]

A lot of these are accurate, but somewhat sanitized. Their "China first" policy, for example, goes a whole lot further than disincentivizing foreign investment. In many cases this goes all the way to the point of extortion, with high level company executives being allowed to enter China, but not leave. It's significant enough of a problem that many corporations now have a policy of not allowing their leadership to enter China alone, instead conducting trips in large groups that are less likely to be detained or banned from exiting. Other companies have ceased business travel to the country altogether over it.

[joekerry]

I used to purchase a lot of Made in China as there seemed no other option. I was often frustrated with the exasperating quality control problems if that item had moving parts or electronics in it. Now most of these wants and needs are made in US, Canada, Mexico, Vietnam, and even Ukraine, Yes Ukraine. I no longer worry about quality control issues as long as the item is Not Made in China.

[jasonhuang]

As a regular consumer, I have been consciously avoiding buying anything made in China. It’s not very easy but getting better nowadays. I just don’t feel like contributing money to those missles that may fall on me one day.

[Cao-Cao-Blue-Army]

Mexico is replacing china in the manufacturing industry and i am thrilled.

[coreysanders]

The story's moral is don't bite the hand that feeds you.

[cesaravegah]

Companies dont like to be held hostage, go figure.

[jaycube]

What a shock. Who could have known anything like this could ever happen.

[essaboselin]

A friend works for a company that had some of their clothing items made in China. They finally stopped because more than half of items were rejected because they were so badly made.

[XX]

A growing number of companies are looking to move their manufacturing out of China. Companies are examining their heavy concentration in China. Boards and companies are reevaluating their risks and reviewing mitigation strategies.Aug 7, 2023 (Forbes) I guess no one wants to sleep with the greedy bully.

[serge]

This is human greed at its top, I remember back in the 2000's living in the border with the USA and seeing many companies moving out to China looking for lower cost manufacturing. Now they are finally realizing México is always a trusting partner despite its problems and that we might not be the cheapest but we offer reliability and quality as well as qualified labor at all levels. Even gringos are migrating to Mexico nowadays.

[willekln]

Maybe if they stopped disappearing people including their own, companies wouldn't be in a hurry to leave.

[enigmaticspace]

It's about time China is taught a lesson about humility. Just because they've been around longer than anyone else doesn't give them the right to be arrogant and act as if they're not subject to international rules. Let them have a taste of humble pie.

[shadownor]

Turns out that spitting in everyone's eye is bad for business.

[petersouthernboy]

I am in the USA - CNC Manufacturing. We are getting reshored manufacturing from both Europe and China.

[janorgaWB]

People in general are also less willing to buy Chinese products

[mx]

Anyone that's done business understands and the rule you'd learn from experience is you don't do business with the unstable partners. If China wants to masculine pose, that's great. People from places like India, Bangladesh, Denmark (you'd be surprised), etc can buy into China's excuse that Taiwan is part of China, but all business minded people see is supply chain disruptions.

[MrAdamArce]

The hardest part with leaving China is the ease that China provided when looking for a massive cheap pool of workers. The answer is probably a combo of every country you mentioned. Rather than one nation providing cheap labor (thus concentrating economic power), the best answer to capitalism would be to split up that labor need to multiple poor nations. They only get enough to provide for that company's economic needs, but not enough to build up like China has

[dackbowland]

Always good to hear when nuclear terrorists are losing money ☺️