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IT BEGINS: Japan Pays Billions To Firms To Leave China, Relocate Production Elsewhere
Posted on 4/9/20 at 8:58 am
Posted on 4/9/20 at 8:58 am
quote:
Japan has earmarked hundreds of billions of yen of its coronavirus stimulus relief to go toward helping its manufacturing companies move their production plants out of communist China and back to Japan or to other countries.
“The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen (US$2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online,” Bloomberg News reported. “That has renewed talk of Japanese firms reducing their reliance on China as a manufacturing base. The government’s panel on future investment last month discussed the need for manufacturing of high-added value products to be shifted back to Japan, and for production of other goods to be diversified across Southeast Asia.”
The move comes after communist China lied to the world about the extent of the coronavirus outbreak in their country and tried to cover it up, which led to the outbreak spreading like wildfire throughout China and eventually the rest of the world.
“China is Japan’s biggest trading partner under normal circumstances, but imports from China slumped by almost half in February as the disease closed factories, in turn starving Japanese manufacturers of necessary components,” Bloomberg News added. “Japan exports a far larger share of parts and partially finished goods to China than other major industrial nations, according to data compiled for the panel. A February survey by Tokyo Shoko Research found 37 per cent of the more than 2,600 companies that responded were diversifying procurement to places other than China amid the coronavirus crisis.”
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USA should create some incentives for moving Chinese operations to Mexico and Central America. Still get cheaper labor, but it would stabilize the region. Mexico would love it and less illegal immigrants would want to come here to find work.
Posted on 4/9/20 at 9:01 am to RebelExpress38
Probably will. Maybe this is related to Trump going after the cartels.
Posted on 4/9/20 at 9:01 am to RebelExpress38
quote:
USA should create some incentives for moving Chinese operations to Mexico and Central America. Still get cheaper labor, but it would stabilize the region. Mexico would love it and less illegal immigrants would want to come here to find work.
The USA has sent tons of jobs out of China to Vietnam recently to where the country has experienced a shortage of workers to fill those jobs. That's why this whole COVID-19 outbreak has caused China to do even more damage control on top of the sickness itself such as straight up lying. They know they are in a tiffy.
Posted on 4/9/20 at 9:25 am to RebelExpress38
IBChinaman's homeland about to get rekt.
Just think if even just a handful of countries opt to relocate their businesses out of China. The economic impact would be felt for years.
Just think if even just a handful of countries opt to relocate their businesses out of China. The economic impact would be felt for years.
Posted on 4/9/20 at 9:48 am to badlands
quote:
Probably will. Maybe this is related to Trump going after the cartels.
My post here from yesterday.
Posted on 4/9/20 at 9:51 am to RebelExpress38
Give them all a century of NO CORPORATE Taxes, including the entire Board and all CEOs tax free salaries, plus tax credit refunds for every cent spent relocating to the United States of America for manufacturing.
Then tax the serfs doing all the work another 50% to pay for it all.
Then tax the serfs doing all the work another 50% to pay for it all.
Posted on 4/9/20 at 10:08 am to RebelExpress38
Will China awaken the sleeping Samurai?
Posted on 4/9/20 at 10:08 am to RebelExpress38
I like that Abe dude leading Japan.
Posted on 4/9/20 at 10:10 am to Nono
Abe knows China is asshoe.
Hell, the world knows but progs gonna prog.
Hell, the world knows but progs gonna prog.
Posted on 4/9/20 at 10:11 am to Nono
quote:
I like that Abe dude leading Japan.
I think he's been watching Major League again.
Posted on 4/9/20 at 10:12 am to idlewatcher
quote:
IBChinaman's
Let’s see how quick he becomes IBMexican
Posted on 4/9/20 at 10:17 am to badlands
quote:Before any serious consideration is given to Mexico, or other Central and South American countries regarding a significant movement of industry to that area, the cartel problem must be addressed.
Probably will. Maybe this is related to Trump going after the cartels.
Posted on 4/9/20 at 10:24 am to RebelExpress38
This has been going on for quite a while. It doesn't mean that countries are trying to get their companies to come back home. They left for a reason. But these days there are other countries in SE Asia with cheap labor and not as much political interference as China.
Posted on 4/9/20 at 10:24 am to RebelExpress38
The Japs are a smart bunch.
Posted on 4/9/20 at 10:28 am to coachcrisp
Cartel would be easier to deal with than the Communist government of China.
Posted on 4/9/20 at 10:29 am to RebelExpress38
China needs to pay a heavy price for this.
Posted on 4/9/20 at 10:34 am to Kentucker
quote:
China needs to pay a heavy price for this.
list of countries waiting on Trump to sanction China
Japan
UK(BJ pissed)
Australia(both left and right politicians calling for reduction in trade)
Vietnam(wants that manufacturing)
Taiwan(general principle)
Italy (probably the most pissed at them)
And sure there are others.
This post was edited on 4/9/20 at 10:36 am
Posted on 4/9/20 at 10:36 am to RebelExpress38
If every American paid $20, that would be $6.6 billion. Good start.
Posted on 4/9/20 at 10:36 am to RebelExpress38
We should be doing the same.
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