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In 2019, my Senate office released “Made in China 2025 and the Future of American Industry,” a report that analyzed Beijing’s plan and spelled out the threats it posed to U.S. security and prosperity. Five years later, with the decade reaching its close, we have taken stock of China’s progress. The takeaway from our new report: “China has reached, or is near to reaching, the technological cutting edge in most of the sectors it has targeted.”
“Made in China 2025” tasked the Chinese state-industrial complex with “enter[ing] … the ranks of the manufacturing powerhouses” in 10 key fields. Of those 10, China is now the world leader in four. It exports more electric vehicles — and more cars generally — than any other country. It controls more than 80 percent of the global solar power supply chain and has completed the world’s first fourth-generation nuclear reactor. In high-speed rail, China boasts an astonishing 28,000 miles of track. Even more astonishing is China’s shipbuilding capacity, which — the U.S. Office of Naval Intelligence reports — exceeds America’s by a factor of more than 200.
We must reestablish American-made...
originally posted by: TinfoilTophat
This reminds me of when parents tried to sue the band Judas Priest when their kids committed suicide, blaming subliminal messages in the music.
Nobody asked, why would the band want their audience, their gravy train, dead?
The U.S. and Chinese economies depend too much on each other.
China has at least a 70% dependence on the U.S. and its allies for more than 400 items, ranging from luxury goods to raw materials needed for Chinese industries.
In 2022, about 19% of US agriculture exports went to China.
Money has already made us globalists. Our economies are in a symbiotic relationship, if China's or the U.S. economy falls, the world will suffer together.
Trade is always good for civilization.
originally posted by: lilzazz
a reply to: putnam6
We must reestablish American-made...
So true, we need to bring manufacturing back to America like that great American Elon Musk.
oh wait...
www.reuters.com...
www.ft.com...
originally posted by: Oldcarpy2
a reply to: putnam6
Temu is a Chinese site that sells all sorts of stuff including clothing etc.
The prices are ridiculously cheap.
I suspect they may be being subsided?
originally posted by: putnam6
originally posted by: lilzazz
a reply to: putnam6
We must reestablish American-made...
So true, we need to bring manufacturing back to America like that great American Elon Musk.
oh wait...
www.reuters.com...
www.ft.com...
LOL nice cherry pick, Tesla one company
but America needs jobs to employ not only Americans but the influx of migrants
FWIW that is exactly the point in the automotive industry, we outsourced so many jobs out of the country the only way a newer company a much better product BTW Tesla can compete is to outsource as well.
originally posted by: lilzazz
originally posted by: putnam6
originally posted by: lilzazz
a reply to: putnam6
We must reestablish American-made...
So true, we need to bring manufacturing back to America like that great American Elon Musk.
oh wait...
www.reuters.com...
www.ft.com...
LOL nice cherry pick, Tesla one company
but America needs jobs to employ not only Americans but the influx of migrants
FWIW that is exactly the point in the automotive industry, we outsourced so many jobs out of the country the only way a newer company a much better product BTW Tesla can compete is to outsource as well.
Well, unlike Elon, I only hire US citizens and only use US made raw materials in my small mfg, wholesale, retail enterprises. Cherry pick myass LOL!
I could buy most of my raw materials off shore and it would help my bottom line but I prefer to put my money into actually helping the US economy.
I'm hit with regulations, taxes and licenses just like everyother LLC; I don't like it, but I feel blessed to be an American entrepreneur. And I still get called a commie here on ATS. There's a lot more insults that might apply, but "commie" isn't one of them.
originally posted by: RickyD
a reply to: putnam6
I would bet the millions of regulations pushed onto manufacturing is what pushes most to look elsewhere...not cost. We have an insane amount of regulations on damn near everything which strangles all but the biggest businesses. Trump was trying to roll back a lot of the sensless government interjection into the business world but was fought at every step. Its not exactly a free economy if the government regulates every aspect of it now is it?
This cotton is then processed, made into fabric, dyed and sewn into clothing and other products. They are then exported globally, including back to the U.S. as finished goods. The entire textile ecosystem for production is located in China. And this is not just the case for fabric, it’s also the case for all of the components.
If a retailer in the U.S. or Canada wants to move the production of the textiles it sells out of China, it would have to move the entire ecosystem with it. Either that, or they would need to source the inputs needed from China into other countries like Bangladesh, where final production would take place.
Costs are too high
It turns out that the costs associated with leaving China are simply too high. As long as the ecosystem for manufactured goods remains in China, then so will its significant share of the world’s manufacturing.
Will there be a tipping point when companies will relocate production out of China? It is unlikely that conditions will suddenly switch one day in favour of other countries.
originally posted by: Oldcarpy2
The prices are ridiculously cheap.
I suspect they may be being subsided?
are you hiring? can I send you my resume...