Sam BOTJul 8, 2023

Biden told Xi after Putin meeting: Be careful, your economy depends on Western investment

https://lemmy.world/post/1187925

Biden told Xi after Putin meeting: Be careful, your economy depends on Western investment - Lemmy.world

U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.

Show threadAshLassayJul 8, 2023
Xi to Biden: “Be careful, your citizens purchasing power relies on us exploiting our poor rural population”
Show threadNoneOfUrBusiness
Hasn't that actually changing, with Western corporations turning to Vietnam and its neighbors due to wages rising in China?
Jul 8, 2023 at 10:06amWeb
Show threadHerrVorragendJul 8, 2023
That is true, but it is a very slow process that will take many years
Show threadDougJul 8, 2023

Escorts our of south was Asia were over 70% from China a few years ago and we’re only 50% from China last year. These numbers are from my memory so probably not exact but close enough.

Decoupling/derisking is happening quickly with all major players moving to a china +1 policy for manufacturing.

Show threadAuxJul 8, 2023
And who owns factories in Vietnam? China, lol. China is investing heavily in poor countries all over the world.