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Realistically what business, or persons, would want to invest in a country that teaches its people to hate them. I've always been fascinated by history, and visiting China has been a bucket list goal for years but the thought of potentially being detained for anything makes it a 100% no go. Thanks to the new "espionage" laws there.
I agree totally. If you are not white. They look down on you. They don’t like dark skin people, don’t want foreigners in their country. Yet. When people don’t go and don’t buy from them. They want to cry a river. Who would want to buy from them when they look down on the rest of the world.
Realistically, you'll probably get a bit more out of a trip to Taiwan if you want to scratch your Chinese history itch. They still have a bunch of original sites, relics and literature preserved from the old times there. And since they never really had that "gap" where everything was destroyed almost beyond recognition, they didn't have that awkward phase where they had to recover the old culture from effectively burnt ashes. Most of the "recovered" cultural practices and literature and some sites in China are either born after the revolution, passed down by word of mouth local customs by the peasants, semi-recreated using historical documents and literature from Taiwan and what little they didn't burn or from Taiwanese cultural group's advisors. Of course, they haven't burned EVERYTHING in China. It's just that for many of them, they either destroyed historical documents regarding them or destroyed/moved later by local governments to make land for industry or changed. profaned, even. for the cause of the CCP. The unfortunate thing is that while there were many of the Chinese involved these fields of academics after the revolution who tried to save historical documents and artifacts, most of them ended up beheaded trying. And only a small fraction of the documents and artifacts were successfully kept hidden in China or made it out of China. The damage is more widespread then people tend to imagine. It wasn't just burning a couple dozen piles of books. It was the entire population whipped up in nationalist frenzy destroying anything they feel is even slightly "old world" that they can reach at that time.
Its not very likely you would get detained unless you work in specific industries. If you are just a regular joe, its unlikely for you to get detained, unless you start going to tiananmen square and start screaming 1989 or something. And if you still want to experience some chinese culture without mainland china, you can always go to taiwan, as there actually isn't much historical architecture or culture left in mainland China (most of it was systematically destroyed since the 1950's). However, if you want to see the environment, like natural spots, then your stuck with facing the risk to go to China.
Could you tell me what you're talking about? China is cooperating with everyone. Their Economy is doubled than the EU or US. BRICK economy is bigger than then G7
@@matejbenko8268 this is a complete lie. China's property sector is obviously tanking, no one is working. the US and EU have left, foxconn is closing. your people are starving. Banks wont let anyone withdraw funds without police validation. China's diplomas dont matter. no one is marrying. no one is having kids. No one is paying back mortgage loans. Everything that is positive is a lie. Everything. At least the rest of the world can come to terms with our faults, but china will lie until theyre in a grave.
@@charleswomack2166 Poor people are obese because they can only afford junk food. Everyone in China is super rich so they eat very high quality nutritious food. That is why there is not one single fat person in China just like there is not one single homeless poor person in China 👍
@@user-bl9fj7kf1syeah, also they are not eating fake chemical foods in China. That’s why they are very healthy, no sudden deaths due to unknown sickness and cancer rate is even zero. Also, the air quality is very clean and there is absolutely no pollution in China. 🙄😂
For over a decade the CCP boosted GNP gains by building unneeded, unwanted, grandiose, counterproductive, and useless roads, high speed rail lines, dams, whole cities nobody lives in, and other projects on the government dime, wasting trillions of yuan. More money was invested in building up the military with troops who don't know how to fight, aircraft afraid of the air, untested tank models, ships that decorate the docks, no seaborne assault craft, questionable nukes, no military discipline, 1 year conscripts, and rampant corruption. Wonder why they're so broke at every level.
And I look inwards at our Republicrats...Politicos ...prostitutes of Wall street and corporate America termites ...eating away the foundations of our once strong and proud nation...which was a beacon of hope to millions of immigrants. Wasting trillions of dollars in meaningless wars and spreading misery all over the world.... I see a financial armageddon ahead of us Americans. This will not end in a bloodless way like fall of USSR. Fall of USA will have us armed citizens killing each other! For the sake of our innocent children, I hope that us Americans demand better leadership. Plenty of intelligent and strong minded individuals are in both parties. My question is.. WHY are DNC and RNC only able to come up with such laughable specimens to run for presidency????? Any guesses???
Sure its a shakedown but if they havent paid taxes in years they should pay like everyone else or face consequences. The government should weigh the cost of these punishments to make them pay over time so they can stay in business but they definitely need to pay.
@@Zer0cul0 and they are taxed by both eu and us. When samsung note 7 started exploding people stopped buying it, same will happen here if the quality is too bad.
Not paying taxes was the norm in China for as long as taxes existed. Small businesses never really bothered, large one hid their profits from auditors. The market adjusted prices for that - sometimes with thin margins. The problem is not they want taxes paid, but that they want them retroactively. This suddenly makes every effected business both unprofitable and insolvent.
What did you guys expect? CCP was fostering a economy that relies on cheaping quality more and more, when they already were known for "Made in China" quality...
Patriotism of Xinnie PorkPooh #slopagandpa - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Tofu Exports and Western imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars. Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card Arctic Catfish Shenzhen: laughs at how Leeks feed her WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
Even iPhone is made in China so what is you'r point everything is made in China even Samsung,Volvo is Chinese 100% owner, Bosch, Electrolux,Simens everything and you say they copy, they copy cheap things but smartphones,tv and all this expensive things are made in China not USA or Europe.
It is not the government who sent factories abroad but 100% CEO decision to make more profit$$$ and skyrocket their paycheck, not caring at all of the workers
Excuse me whilst I play the world's smallest violin....these are the same citizens that thought it was funny and cheered when China was taking jobs from Western workers.
How did they "take" jobs? Our private sector didn't want to pay back into our own economy. Which is still a theme. We would cheer too. We just brought silicon chip manufacturing to the states from S. Korea. 🤷
@@jedahn Yes because we are shit scared that China will invade Taiwan and the US and other Western nations will be absolutely f*cked" if China take our chips. And to your first point, how many "workers" had any say in their jobs being shipped to China ? This was the wealthy corporates doing it to save money on paying US workers fair wages. So yes we can cheer as a "see how it feels" but those same corporates are now looking to India and Vietnam to take those jobs instead.
that kind of absolutism is as stupid as the praise for china ... china ofc can produce quality if it wants and does so as well. I have plenty of made in china products with no quality issues at all, latest being a bambu labs 3d printer which easily puts most of the competition to shame right now ... its just harder to find quality in chinese products in the sea of garbage coming from there. Well informed consumers never had noteworthy issues with made in china.
@robv1257 a friend ot mine said he has seen some quality products. I have seen a few but I have seen a lot of low quality that I would not do business with again.
@@robman2095TRYING to reverse engineer. I sometimes fix their machines for friends. NOTHING I have seen works 100%. Sometimes the most stupid engineering mistakes render machine useless. I don't know WHO does the construction, janitor??? I would NOT touch any of their CNC machines, EVER. I have seen crazy cheap brake presses and I know they are still too costly. They WILL fail, because after so many years on the market, their products are still Made in China, while Japan has moved into the high end in about 15 years. People are just repeating mantras, without having any inside knowledge.
Have you read "Red Roulette" by Desmond Shum? You are ONE MILLION BAZILLION KAJILLION PERCENT CORRECT. The CCP can take everything from anyone instantly.
A few weeks ago i ordered pcbs. The cheapest one for my requirements, including import fees and transport costs was aisler, Germany. It's the first time it happens.
How can they check your taxes from 20/30 years ago when computers and phones have only become available for everyone about 15 years ago! So how are they figuring out how much they owe unless the companies kept all their receipts and bills and payments from 20/30 years ago, it’s ridiculous 😮
how come Chinese Private firm fled to Vietnam when Vietnam is not a friend of China, there is no agreement between China and Vietnam could exchange a transfer of technology
That is exactly why Foxconn started moving there back in 2007, Vietnam is happy to accept the manufacturing and tech while they also don't allow the Chinese government to interfere with the companies that move there. I tried looking it up but couldn't find why that hasn't caused any problems between the countries.
same way as Georgia, particularly Goeorgians, are not friend of ruzzia (go figure, 2008) yet they've let themselves to be factually colonized in the past couple years
China don´t have cutting edge tech. China have nothing that can´t be produced elsewhere cheaper,batter and more reliable. China have rare earth metals, that´s it.
that perspective of the second guy is so specific to state controlled economies though. cuz yeah once it gets good then they're going to take it over and then you're not going to make any money. they've engendered like an extremely counterproductive worldview in their citizens which will make them fail abroad and is basically the reason why everybody hates stuff that gets made there cuz it's all shortcuts
These are things a government does when they are trying to fix the banks. All the new taxes and audits are likely going to the banks, which are all bankrupt.
The Cato CT500 is not that good of a machine and rebuilt ones go for less than $65K.... Most likely they would give you these machines if you are willing to haul it out of storage for them
Man, China is the worst place to invest your money in right now. Imagine being a business owner from Turkey or from the African continent and being forced to invest money on China just because they helped you build some roads in your country. Sucks to be you, bro.
I m not sure, but from what i understood, there was no taxes or at least not in that form. A new law allow state to claim and collect it. China economy has it hard and CCP is looking for money left and right hard.
Hard to say, maybe they bribed the local inspector and governor, and now many years later someone was desperate enough to reinvestigate and recalculate taxes for the past 30 years😂
China charges retroactive taxes. Basically they invent new taxes, or change current ones, or reclassify your business to a different tax category, then demand 30 years of payments as if the tax had always existed that way.
0:10 "Boss is forced to sell all the equipment" Right. Your entire manufacturing industry was on loan from the USA. Those machines should be in Detroit & I SHOULD BE RUNNING THEM. Not you. Havent had a job ever in my adult life @ 34 in IT because of Chyna. Impossible to get a job for 11 years. Now you dont like my life handed to you? I correct firmware for companies in Guandong (FLSun) & (Shenzhen) Anycubic & have had to work for chinese businesses stealing American tech for pennies of what I can make doing it here. t(^_^t) Chyna!
🤔🤔🤔. If CCP can't manage product without people those build machines own bare hand. Then their economy well damage themselves and can't take blame for this? 😑😑
🤦🏽♂️. That another larger company all time business those machines can easily replace united state products? Xi can't see this understand how effective their abilities. He cause make more company lose favorite from Western business.
Oh dear, does this mean less Chinese crap imported to the uk to be used for a short period of time then thrown in the bin. About time more products were made in UK, they will last a lot longer, and give much needed employment to British nationals
Now know why. Xi Jing ping should stay in shadow and patient time is right till their product can replace each united state production. But noooo,xi fuse workout for their company those only one take up replacement each business over other arrivals. There big wide open for China could easily won over United States for business battles
When I was in school (as a ten something kid), and we learned about the Great Chinese Famine and how bad they messed up, I was like "Lol no way that it could been that bad, like no way adult people be that incompetent". And fast forward 2024 here we go again. Gentlemen, we gunna see suffering, like maybe worse than the great plague. And this time itz gona be like 99.9% self inflicted. Hold onto your popcorn bucket, coz this gunna be wild.
Yeah, but they buried the truth of what happened in China, and made Mao a hero and cultural icon. You know what they say about history...those who don't learn from it are doomed to repeat it. Looks like they're trying to do so with a vengeance.
@@Mircea076 What do you mean if they start? Have you heard about a country which doesn't have a chinese district already? The cage had been shaken, and the rats are ready to bite.
Because China didn't taken serious with them. Russian already find themselves new abilities to build own machine,while North Korea started new model own design machine and product. China and CCP must look close attention what cause effect their abilities can't move forward easily with their product make sell for their allies
@@josephinebovain8069 Russia manufacturers virtually nothing. They are losing the war with Ukraine with defective Chinese military equipment. North Korea manufactures what?
The question is, what is the news coverage to avoid talking about this? They always have a different story, to avoid talking about the difficult ones that could make them look bad
The answer is, China never talks about the bad things because "everything is hunky-dory" over there. They can't talk about bad things because that destroys face and they sure can't have that.
I just read that John Deere is moving it's operations to Mexico with over 700 workers. It is so hard to find things that are made in the U.S. We send raw materials or components to other countries, then ship it back. Corporations still find it cheaper to offshore our industrial needs, even thought for all the talk of green energy and pollution, all this shipping to other countries has to be a huge contributor to the carbon footprint. Things made in the U.S. do tend to be more expensive, and it is hard to trace where products come from, all or in part, as the labels or advertisements are very unclear much of the time.
"Expensive machine" Buddy I've seen that fuckin press around since the fuckin 90s, Stunning that thats 30 ish years ago now but that sure as shit not worth what you baught it for
There is a quiet revolution in automated manufacturing. Businesses will be bringing this manufacturing closer to home and the consumer to save on transport costs, and downsizing their workforces. Unfortunately for us it likely does not mean more jobs, despite what politicians promise, they are just trying to take credit for something that is happening anyway. It also sux for other countries who may have been next in line this century to be the worlds manufacturing powerhouses.
Yes! And Trump admires the Pooh bear Pooh Bah, thinking he’s a “fierce leader” 😒 I shouldn’t be surprised since they have both brought economic failure to everything they touch!
Hell no. They're all likely WAY out of spec. China doesn't build anything honestly, so they likely haven't maintained or installed those machines honestly. The comment about them being scrap is way closer to the truth because of that.
If I m a boss n have a company in china I sell my company last year. I take all my money a move out of china to another asian country. Thailand is a nice country to stay blus we have apps to communicate.👈😁😁✌️
3.5% increase in expenditure in spite of drastically cutting salaries? That I believe should be the biggest expense head for any undertaking only providing administrative services. I wonder what kind of accounting method they use. I have another take on this audit. The officials at the time when these avoidances occurred may have kept track of these malfeasant acts, even after collecting their bribe money, to be cashed in at a later date OR in times of emergency like now. As hey ay. Nothing in life is free.
Self-destructive? That's not good. Instead. Keep productivity themselves only way out void collapsed own country. Should China take product back and retry other businesses else where found something good trade.
Who in their right mind would buy expensive machines from a Chinese business, that live by the motto "if you can cheat, then cheat"? And one that is already in the process of dissolving? Just give me the money. You're throwing it away anyway.
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Realistically what business, or persons, would want to invest in a country that teaches its people to hate them. I've always been fascinated by history, and visiting China has been a bucket list goal for years but the thought of potentially being detained for anything makes it a 100% no go. Thanks to the new "espionage" laws there.
go to taiwan that is the real china not the abort that exist under the CCP, specialy after the cultural revolution
I agree totally. If you are not white. They look down on you. They don’t like dark skin people, don’t want foreigners in their country. Yet. When people don’t go and don’t buy from them. They want to cry a river. Who would want to buy from them when they look down on the rest of the world.
Yes a Never go place
Wicked Crooks running it 👎🏼👎🏼👎🏼👎🏼👎🏼
Also Never invest in their BS
" stock markets "
Realistically, you'll probably get a bit more out of a trip to Taiwan if you want to scratch your Chinese history itch.
They still have a bunch of original sites, relics and literature preserved from the old times there. And since they never really had that "gap" where everything was destroyed almost beyond recognition, they didn't have that awkward phase where they had to recover the old culture from effectively burnt ashes. Most of the "recovered" cultural practices and literature and some sites in China are either born after the revolution, passed down by word of mouth local customs by the peasants, semi-recreated using historical documents and literature from Taiwan and what little they didn't burn or from Taiwanese cultural group's advisors.
Of course, they haven't burned EVERYTHING in China. It's just that for many of them, they either destroyed historical documents regarding them or destroyed/moved later by local governments to make land for industry or changed. profaned, even. for the cause of the CCP.
The unfortunate thing is that while there were many of the Chinese involved these fields of academics after the revolution who tried to save historical documents and artifacts, most of them ended up beheaded trying. And only a small fraction of the documents and artifacts were successfully kept hidden in China or made it out of China.
The damage is more widespread then people tend to imagine. It wasn't just burning a couple dozen piles of books. It was the entire population whipped up in nationalist frenzy destroying anything they feel is even slightly "old world" that they can reach at that time.
Its not very likely you would get detained unless you work in specific industries. If you are just a regular joe, its unlikely for you to get detained, unless you start going to tiananmen square and start screaming 1989 or something.
And if you still want to experience some chinese culture without mainland china, you can always go to taiwan, as there actually isn't much historical architecture or culture left in mainland China (most of it was systematically destroyed since the 1950's). However, if you want to see the environment, like natural spots, then your stuck with facing the risk to go to China.
China cheers when other countries they dont like are in pain. How does karma feel?
Could you tell me what you're talking about?
China is cooperating with everyone. Their Economy is doubled than the EU or US.
BRICK economy is bigger than then G7
@@matejbenko8268no you’re not. You guys love it when the U.S. fails. 😊
They also feel your pain
@@matejbenko8268 this is a complete lie. China's property sector is obviously tanking, no one is working. the US and EU have left, foxconn is closing. your people are starving. Banks wont let anyone withdraw funds without police validation. China's diplomas dont matter. no one is marrying. no one is having kids. No one is paying back mortgage loans. Everything that is positive is a lie. Everything. At least the rest of the world can come to terms with our faults, but china will lie until theyre in a grave.
@@matejbenko8268 Dream on Matey. Don't choke on your propaganda sandwich😜🤪😝
CCP getting ready to announce 10% GDP growth 😐
Things are so awesome in China! Who needs to eat everyday anyways? I don't see any fat people in this video.
20%
@@charleswomack2166 Poor people are obese because they can only afford junk food. Everyone in China is super rich so they eat very high quality nutritious food. That is why there is not one single fat person in China just like there is not one single homeless poor person in China 👍
@@user-bl9fj7kf1s lol!
@@user-bl9fj7kf1syeah, also they are not eating fake chemical foods in China. That’s why they are very healthy, no sudden deaths due to unknown sickness and cancer rate is even zero. Also, the air quality is very clean and there is absolutely no pollution in China. 🙄😂
China's government says...'Too Much Freedom✋👮♂
Vietnamese people say...We'll take those machines too! 😉👍
Vietnam is also a communist country. It too will fail.
RISE OF VIETNAM.
that's ring bell for you.
For over a decade the CCP boosted GNP gains by building unneeded, unwanted, grandiose, counterproductive, and useless roads, high speed rail lines, dams, whole cities nobody lives in, and other projects on the government dime, wasting trillions of yuan.
More money was invested in building up the military with troops who don't know how to fight, aircraft afraid of the air, untested tank models, ships that decorate the docks, no seaborne assault craft, questionable nukes, no military discipline, 1 year conscripts, and rampant corruption.
Wonder why they're so broke at every level.
And I look inwards at our Republicrats...Politicos ...prostitutes of Wall street and corporate America termites ...eating away the foundations of our once strong and proud nation...which was a beacon of hope to millions of immigrants. Wasting trillions of dollars in meaningless wars and spreading misery all over the world.... I see a financial armageddon ahead of us Americans. This will not end in a bloodless way like fall of USSR. Fall of USA will have us armed citizens killing each other! For the sake of our innocent children, I hope that us Americans demand better leadership. Plenty of intelligent and strong minded individuals are in both parties. My question is.. WHY are DNC and RNC only able to come up with such laughable specimens to run for presidency????? Any guesses???
Nothing wrong with the factory, nothing wrong with the machinery.
It's just that it is in the wrong country.
30 year tax audit? CCP shakedown
lol. Why do you think the Biden admin hired 80k new irs agents? People on the left don’t know how to raise the countries revenue without taxing.
sounds more like Xi is rolling back all of Ding's reforms and reinstating pure communism.
Sure its a shakedown but if they havent paid taxes in years they should pay like everyone else or face consequences. The government should weigh the cost of these punishments to make them pay over time so they can stay in business but they definitely need to pay.
@@turtlechomper5361You are more communist than CCP
These managers say equipment is high end. Is that "Chinese High End" or actually functioning equipment?
Excellent point ←_←
They know how to deal with their own scammers, im sure they invested in decent equipment, they need to profit after all.
@@MrEvans1 Chinese evs enter the market.
@@MrEvans1 It seems they like to scam their own before others.
@@Zer0cul0 and they are taxed by both eu and us.
When samsung note 7 started exploding people stopped buying it, same will happen here if the quality is too bad.
Tax collection from 30 years by ministry of BANDITS. hahahaha
Not paying taxes was the norm in China for as long as taxes existed.
Small businesses never really bothered, large one hid their profits from auditors.
The market adjusted prices for that - sometimes with thin margins.
The problem is not they want taxes paid, but that they want them retroactively.
This suddenly makes every effected business both unprofitable and insolvent.
What did you guys expect? CCP was fostering a economy that relies on cheaping quality more and more, when they already were known for "Made in China" quality...
Patriotism of Xinnie PorkPooh #slopagandpa
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
-Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing
-Tofu Exports and Western imports, accounting for 37% GDP, are down.
-Foreign investment is falling over 90% compared to it's peak in 2018.
-Foreign visitors are down 96% compared to the pre-pandemic level in 2019 with less than 200 americans left.
-Consumer prices are experiencing hyperstagdeflation.
-Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record.
-It's fast shrinking workforce is 10 years old than neighboring countries.
- During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while it's economy is only half of them.
- Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg.
How will you do in a country where real estate companies, local governments, and banks across China have crashed or fled? That is your challenge for the future (will you own a trash house with the mortgage?). Pensions will be laundered and your daily pay will be 2 dollars.
Mengze harvard daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card
Arctic Catfish Shenzhen: laughs at how Leeks feed her
WOW SO GOOD AWESOME Organ Leeks #sloprosperity #theskydontlie
These are mostly American corporations operating in China. Slave labor for U.S. treasuries since "1995"
Even iPhone is made in China so what is you'r point everything is made in China even Samsung,Volvo is Chinese 100% owner, Bosch, Electrolux,Simens everything and you say they copy, they copy cheap things but smartphones,tv and all this expensive things are made in China not USA or Europe.
Result of Scam CCP mindset
@@balkanikking160that’s why they break and crack because products are made in China 🇨🇳
That's when your government prioritizes some islands a thousand miles away rather than helping domestic problems.
It is not the government who sent factories abroad but 100% CEO decision to make more profit$$$ and skyrocket their paycheck, not caring at all of the workers
These people have been manufacturing goods with our patents and not compensating us for decades. Karma.
Excuse me whilst I play the world's smallest violin....these are the same citizens that thought it was funny and cheered when China was taking jobs from Western workers.
Well said , spot on.
How did they "take" jobs? Our private sector didn't want to pay back into our own economy. Which is still a theme. We would cheer too. We just brought silicon chip manufacturing to the states from S. Korea. 🤷
They love to immediately play victim. Reminds me of toddlers. Little emperors indeed.
@@jedahn Yes because we are shit scared that China will invade Taiwan and the US and other Western nations will be absolutely f*cked" if China take our chips.
And to your first point, how many "workers" had any say in their jobs being shipped to China ? This was the wealthy corporates doing it to save money on paying US workers fair wages. So yes we can cheer as a "see how it feels" but those same corporates are now looking to India and Vietnam to take those jobs instead.
Pretty much.
Their getting a taste of what the people experienced when they lost their good paying jobs starting in the 80s.
The West can get their stuff manufactured anywhere they choose .
Not to disrespect the hard-working people of China, but the quality did not exist in any of its products
that kind of absolutism is as stupid as the praise for china ... china ofc can produce quality if it wants and does so as well. I have plenty of made in china products with no quality issues at all, latest being a bambu labs 3d printer which easily puts most of the competition to shame right now ... its just harder to find quality in chinese products in the sea of garbage coming from there. Well informed consumers never had noteworthy issues with made in china.
Many Chinese products are of very high quality.
@@robv1257 do you mean foreign companies products built in china, the rest is all about get rich quick
@robv1257 a friend ot mine said he has seen some quality products. I have seen a few but I have seen a lot of low quality that I would not do business with again.
@@robv1257but most aren't. Just ask Boeing how their QC is working out on chinese made parts
They bought the best equipment from Germany, Netherlands, Japan and Taiwan.
To make worthless tofu-dregg products!
Due to greed!
The machines triple in value after crossing any border. What a shame.
And to learn how to reverse engineer and make the machines themselves where possible
@robman2095 You stated what is the logical truth here!
@@robman2095TRYING to reverse engineer. I sometimes fix their machines for friends. NOTHING I have seen works 100%. Sometimes the most stupid engineering mistakes render machine useless.
I don't know WHO does the construction, janitor???
I would NOT touch any of their CNC machines, EVER. I have seen crazy cheap brake presses and I know they are still too costly.
They WILL fail, because after so many years on the market, their products are still Made in China, while Japan has moved into the high end in about 15 years.
People are just repeating mantras, without having any inside knowledge.
"The CCP and the people have always been in adversarial relationship." That sums up Socialism perfectly.
❤ in every place same history
Get out if you can, any way you can.
Just don't come to Australia, we don't want to be trashed.
Better to leave with severance pay, than to show up for work, to discover the boss has fled with the money and your job is gone!
China manufacturing is no longer needed in the world.
I’m mad as hell!!! They lied to me
That is called corruption, my friend.
Citizen's Legal Rights? What country do you think your in? Your rights are what ever the Chairman says they are
Have you read "Red Roulette" by Desmond Shum? You are ONE MILLION BAZILLION KAJILLION PERCENT CORRECT. The CCP can take everything from anyone instantly.
A few weeks ago i ordered pcbs. The cheapest one for my requirements, including import fees and transport costs was aisler, Germany. It's the first time it happens.
To be fair, I do feel sorry for the regular folk who had no say in alll of this.
How can they check your taxes from 20/30 years ago when computers and phones have only become available for everyone about 15 years ago! So how are they figuring out how much they owe unless the companies kept all their receipts and bills and payments from 20/30 years ago, it’s ridiculous 😮
Sadly the CCP's response to this might be to start a war.
Well ccp gained power during ww2 thru a revolution, another one will stop them during ww3 😅
@@MrEvans1 might not need WW3 for that to happen....
@@laurentitolledo1838 i dont see how we can avoid it unfortunately, both ru and cn are getting desperate
CCP will wage war to whom? to their own citizens?
Will people sacrifice their lives to fight for Putin and Xi?
6:06 :"Various public relations costs" = BRIBES TO CCP OFFICIALS!
stolen billion$$ from the insiders have already moved and smuggled out of china, tax free.
China has too big a country to manage, and its management is sadly poor. Why does it want more land?
how come Chinese Private firm fled to Vietnam when Vietnam is not a friend of China, there is no agreement between China and Vietnam could exchange a transfer of technology
That is exactly why Foxconn started moving there back in 2007, Vietnam is happy to accept the manufacturing and tech while they also don't allow the Chinese government to interfere with the companies that move there. I tried looking it up but couldn't find why that hasn't caused any problems between the countries.
same way as Georgia, particularly Goeorgians, are not friend of ruzzia (go figure, 2008) yet they've let themselves to be factually colonized in the past couple years
China don´t have cutting edge tech. China have nothing that can´t be produced elsewhere cheaper,batter and more reliable. China have rare earth metals, that´s it.
Transfer of technology agreement in China to VN, what are u smoking?
It is all Western technology .
If you've got terrible products, it's because of the leadership, not because of the workers.
However, the workers pay the price
I don't understand why so many companies that was once booming not pay their taxes? Sounds like there's more going on that's not being told.
So once they destroy the companies, who's going to give the government their money? Who will employ ordinary people? Will it be a temu economy?
that perspective of the second guy is so specific to state controlled economies though. cuz yeah once it gets good then they're going to take it over and then you're not going to make any money.
they've engendered like an extremely counterproductive worldview in their citizens which will make them fail abroad and is basically the reason why everybody hates stuff that gets made there cuz it's all shortcuts
Rise up People of China
You wouldn't know it. I went into a clothes store & general store today, and most of the stuff in them was 'made in China'.
These are things a government does when they are trying to fix the banks. All the new taxes and audits are likely going to the banks, which are all bankrupt.
The Cato CT500 is not that good of a machine and rebuilt ones go for less than $65K.... Most likely they would give you these machines if you are willing to haul it out of storage for them
Im gonna take a guess and say that nobody wants to invest in a country that actively trys to take its neighbors land.
Apple shareholders, be prepared to lose 20% when in country assets are seized and nationalized. You too Tesla.
why don't they move the 'new machines' to their new factory in vietname or thailand?
Wait, so taxing people beyond their limit is bad for the economy? Who could have foreseen that!?
Wow 30 years of tax audit and retro pyment of taxes.. no business will survive
Meanwhile in a wonderful country of Taiwan, economy still going good.
Man, China is the worst place to invest your money in right now. Imagine being a business owner from Turkey or from the African continent and being forced to invest money on China just because they helped you build some roads in your country. Sucks to be you, bro.
Only companies producing quality products will survive because no matter what, their customers will continue to buy their products.
what did they do the past 30 years, dodge paying taxes? just questioning, because they fear auditing? something is fishy
I m not sure, but from what i understood, there was no taxes or at least not in that form. A new law allow state to claim and collect it.
China economy has it hard and CCP is looking for money left and right hard.
Hard to say, maybe they bribed the local inspector and governor, and now many years later someone was desperate enough to reinvestigate and recalculate taxes for the past 30 years😂
China charges retroactive taxes. Basically they invent new taxes, or change current ones, or reclassify your business to a different tax category, then demand 30 years of payments as if the tax had always existed that way.
People have had enough of made in China crap.
0:10 "Boss is forced to sell all the equipment" Right. Your entire manufacturing industry was on loan from the USA. Those machines should be in Detroit & I SHOULD BE RUNNING THEM. Not you. Havent had a job ever in my adult life @ 34 in IT because of Chyna. Impossible to get a job for 11 years. Now you dont like my life handed to you? I correct firmware for companies in Guandong (FLSun) & (Shenzhen) Anycubic & have had to work for chinese businesses stealing American tech for pennies of what I can make doing it here. t(^_^t) Chyna!
Chinese are more capitalist than You. You americans got your dose of socialism and ruined your economy. More Mises, less Marx
Why not audit CCP officials?.. there, financial crisis and corruption solved
Blame xinie the pooh
So Sad for the Working , people
Really all they want is state owned companies? They will make 10-years plans for production? 🤣
🤔🤔🤔. If CCP can't manage product without people those build machines own bare hand.
Then their economy well damage themselves and can't take blame for this?
😑😑
Good job Emperor Xi.
🤦🏽♂️. That another larger company all time business those machines can easily replace united state products?
Xi can't see this understand how effective their abilities.
He cause make more company lose favorite from Western business.
We have a western manufacturer saying "you reap what you sow"
😂. Did you forget your government was a bunch of commies?
The CCP gives and the CCP takes.
Whoever heard of a 30 year retroactive tax audit lol. Its extortion.
Bring back China to the people
6:05 "Various public relations costs". I think I found the root of the problem here.
How many fake and counterfeit items were produced with those now useless machines?
Wow so bribes blackmail and kickbacks is now a tax deductible as a public relations donation.
Oh dear, does this mean less Chinese crap imported to the uk to be used for a short period of time then thrown in the bin. About time more products were made in UK, they will last a lot longer, and give much needed employment to British nationals
Everyone is pulling out of China including selling China shares before it get delisted on the coming conflict in Indo pacific and Taiwan
Now know why.
Xi Jing ping should stay in shadow and patient time is right till their product can replace each united state production.
But noooo,xi fuse workout for their company those only one take up replacement each business over other arrivals.
There big wide open for China could easily won over United States for business battles
When I was in school (as a ten something kid), and we learned about the Great Chinese Famine and how bad they messed up, I was like "Lol no way that it could been that bad, like no way adult people be that incompetent". And fast forward 2024 here we go again. Gentlemen, we gunna see suffering, like maybe worse than the great plague. And this time itz gona be like 99.9% self inflicted. Hold onto your popcorn bucket, coz this gunna be wild.
Yeah, but they buried the truth of what happened in China, and made Mao a hero and cultural icon. You know what they say about history...those who don't learn from it are doomed to repeat it. Looks like they're trying to do so with a vengeance.
Imagine if they start migrating, and of course all will go to Europe and USA.
@@Mircea076 What do you mean if they start? Have you heard about a country which doesn't have a chinese district already? The cage had been shaken, and the rats are ready to bite.
A bigger version of North Corea.
Your Russian and North Korean friends can't buy your stuff?
Because China didn't taken serious with them.
Russian already find themselves new abilities to build own machine,while North Korea started new model own design machine and product.
China and CCP must look close attention what cause effect their abilities can't move forward easily with their product make sell for their allies
@@josephinebovain8069 Russia manufacturers virtually nothing. They are losing the war with Ukraine with defective Chinese military equipment. North Korea manufactures what?
Rahulji should buy machinery through Taka Tak scheme. Dhruvji’s global knowledge will come handy for global deal making.
If things are so bad how are they selling record amount of Ev's.
The question is, what is the news coverage to avoid talking about this? They always have a different story, to avoid talking about the difficult ones that could make them look bad
The answer is, China never talks about the bad things because "everything is hunky-dory" over there.
They can't talk about bad things because that destroys face and they sure can't have that.
I just read that John Deere is moving it's operations to Mexico with over 700 workers. It is so hard to find things that are made in the U.S. We send raw materials or components to other countries, then ship it back. Corporations still find it cheaper to offshore our industrial needs, even thought for all the talk of green energy and pollution, all this shipping to other countries has to be a huge contributor to the carbon footprint. Things made in the U.S. do tend to be more expensive, and it is hard to trace where products come from, all or in part, as the labels or advertisements are very unclear much of the time.
Are any of those Chinese firms trying to re-locate to neighboring countries?
5 axis CNC machines they can’t even use, LOL. Sad!
Blame xi for his greed
"Expensive machine" Buddy I've seen that fuckin press around since the fuckin 90s, Stunning that thats 30 ish years ago now but that sure as shit not worth what you baught it for
Having good fun Filming during China's Golden Week long Holiday,😂?
Cheaper labor elsewhere.
That's just the tip of the iceberg
Less problems in general.
Seems like living anywhere on the continent of Asia is like living life on Veteran difficulty.
😮😮😮I am speechless
Like a boa, the CCP is constricting the goose which produced golden eggs. Hong Kong is a vivid precursor.
There is a quiet revolution in automated manufacturing. Businesses will be bringing this manufacturing closer to home and the consumer to save on transport costs, and downsizing their workforces. Unfortunately for us it likely does not mean more jobs, despite what politicians promise, they are just trying to take credit for something that is happening anyway. It also sux for other countries who may have been next in line this century to be the worlds manufacturing powerhouses.
Please name the companies going out of business with, what was made, how many people in group and what happens to their assets.
Mr Deng is turning in his grave, seeing this done by Winnie-the-Pooh! Arrrgh. 😂
True, what a tragedy.
Yes! And Trump admires the Pooh bear Pooh Bah, thinking he’s a “fierce leader” 😒 I shouldn’t be surprised since they have both brought economic failure to everything they touch!
Now you know how we felt when you took all our goddamn jobs
Karma is a B word.
Beautiful when it is on the other foot.
Loss of talent is gonna be huge.
What a waste for those machine to be scrap
China should change the government...everything will be back to normal
lol
World needs those machines....
Hell no. They're all likely WAY out of spec. China doesn't build anything honestly, so they likely haven't maintained or installed those machines honestly. The comment about them being scrap is way closer to the truth because of that.
Factory owners learn that their factories are leeks too.
Hows that communism workin out?
Hmmm, "public relations costs"? Let me guess what that's a euphemism for.
CCP bribe.
If I m a boss n have a company in china I sell my company last year. I take all my money a move out of china to another asian country. Thailand is a nice country to stay blus we have apps to communicate.👈😁😁✌️
3.5% increase in expenditure in spite of drastically cutting salaries? That I believe should be the biggest expense head for any undertaking only providing administrative services. I wonder what kind of accounting method they use.
I have another take on this audit. The officials at the time when these avoidances occurred may have kept track of these malfeasant acts, even after collecting their bribe money, to be cashed in at a later date OR in times of emergency like now. As hey ay. Nothing in life is free.
Is there a real private ownership in China. Can't the government take anything you have anytime they want?
Mr Huang must have taken a Western course on ethics
CCP:"We are going to destroy all private entreprises all around the world with my cheap products!"😂
Self-destructive?
That's not good.
Instead.
Keep productivity themselves only way out void collapsed own country.
Should China take product back and retry other businesses else where found something good trade.
kinda wonder is this mean it's a good time to buy some second hand CNC🤔
Who in their right mind would buy expensive machines from a Chinese business, that live by the motto "if you can cheat, then cheat"? And one that is already in the process of dissolving?
Just give me the money. You're throwing it away anyway.
@@seandoherty4236 ur rite!
@@seandoherty4236 fair point
Bite the hand that feeds you. I have no sympathy for these people.
Try to return those machines for 25% or something to the manufacturer. If they are truly valuable the creator company can resell them for more profit.