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Comment China still loses jobs, capacity (Score 3, Interesting) 33

Moving factories to India or Vietnam still means regular Chinese citizens lose those jobs. It also means the manufacturing capacity belongs to India or Vietnam, rather than China, despite China having nominal control of the output. India and Vietnam will be building their fortune the same way China did off the back of the United States decades ago.

China also has an overcapacity problem in several sectors, such as steel; automotive; and solar. Now imagine that the CCP "solves" this problem by moving capacity overseas (or simply shuttering factories) rather than by opening up new opportunities to sell their excess of product. Instant economic contraction.

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