In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
it occurs when it’s economically more efficient to move industry out of your country than to keep it in
It is not, generally speaking, more economically efficient to deindustrialize your own country. The logic you are using is neoliberal with “efficiency” meaning, “maximize profit for the financial sector”. This is an arrangement planned due to US-based economic crises and should not be projected onto China like some iron law. The US, as the global seat of capital, is uniquely harmful.
i’m not sure private businesses failing over covid is a good thing for an economy
The thing they wanted you to see were the statistics, not the guesswork and editorialization from that article.
It is not, generally speaking, more economically efficient to deindustrialize your own country. The logic you are using is neoliberal with “efficiency” meaning, “maximize profit for the financial sector”. This is an arrangement planned due to US-based economic crises and should not be projected onto China like some iron law. The US, as the global seat of capital, is uniquely harmful.
The thing they wanted you to see were the statistics, not the guesswork and editorialization from that article.
china is literally taking money that they could invest in domestic industry and investing it in industry overseas
i guess now you get to explain why they’re doing that if some form of economic efficiency isn’t the answer
“don’t look at that bit of the source i just chose to show you” would be an astounding bit of mental gymnastics