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Canada - a wholly owned province of China

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The AIIB is a Chinese led rival to the world bank and is designed mostly to expand Chinese influence around the world. There is no up side for Canada in joining it.

In notable business transactions, the AIIB just lent several billion bucks to Indonesia, so they could build a bunch of coal fired power plants. Meanwhile, back at the ranch in Canada, Trudeau puts roadblock after roadblock up for export of oil products. The World Bank refused to lend the money because of the impact on the environment. Suddenly, this is not an issue for Canada.

In reality, joining the AIIB is required of lickspittle supplicants to China. Australia threw some joints out of whack scrambling to join AIIB, they are a commodity producer that is dependent on Chinese goodwill. Luckily for Canada, every new member gets a complimentary set of (Chinese made) kneepads.

In our case, I suspect we traded a delay in getting screwed on billions of canola exports in exchange for 'volunteering' to join the AIIB.

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I don't think for a moment China's foreign affairs minister pressured Canada to open more visa offices to make it easier on Chinese tourists. The purpose of more visa offices is to allow more Chinese temporary foreign workers to come to Canada. Period. McCallum is already making mouth noises about the rules being too tight and the enforcement too strong. The Liberals are on their bellies, crawling before the Chinese government and doing whatever they're told to do.

It is not a problem of what China's foreign minister want.

It is a problem of what you want or not want.

They don't hostile to you, you want to hostile to them.

You want to stick on your decades long brain washed content that said China people are poor.

You want to follow the US no matter how many US take from you.

However, US has already benefit from China.

http://tinet.ita.doc.gov/pdf/2015-Top-10-Markets.pdf

Rank
Country 2015 Spending
1
China (+12%) $26.9 Billion
A decade ago, China ranked ninth in terms of total tourism-related spending in the United States. Now,
however, after more than a decade of double-digit growth (averaging 24% a year since 2004), China has
become the #1 market for U.S. travel and tourism exports—injecting nearly $74 million a day into the
U.S. economy. Travel and tourism exports account for 59% of all U.S. services exports to China.

http://media.unwto.org/press-release/2016-05-03/exports-international-tourism-rise-4-2015

China continues to lead global outbound travel after double-digit growth in tourism expenditure every year since 2004, benefitting Asian destinations such as Japan and Thailand as well as the United States and various European destinations. Spending by Chinese travellers increased 25% in 2015 to reach US$ 292 billion, as total outbound travellers rose 10% to 128 million.

And you don't care how many Canadians can get jobs if those tourists comes.

All you care about is the brain washed false illusion that media and your education has been giving you every day.

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Why be nice to a country that does nothing but steal everyone ideas?? Because of china, we have liberal governments killing our economies with green energy policies that will accomplish nothing while china does what china wants.

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List please.

Social license for pipelines, which will never happen.

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In response to Busch-C's comments, the complex relationship between China and the US

is not exactly healthy:

https://www.brookings.edu/articles/an-awkward-dance-china-and-the-united-states/

http://www.heritage.org/research/reports/2010/09/free-markets-and-national-defense-us-import-dependence-on-china

Look its far to complex to discuss it on this web site other than to say to Bush-C I think if you do your research you will see how China

China's power was always its access to cheap labour an its monopoly over all its labour.

We in he West have ourselves to blame. We watched as it dumped its cheap, inferior, imitation products on us

and we snapped it up. China has used its government monopoly on business to engage in predatory and cancerous market practice to

fix the market place in its favour to create huge trade deficits against us.. It has made a joke out of our free market

Every nation of the West is in debt to China, so much so that we are all technically bankrupt and China now knows it

can't possibly call in the money owed to it without triggering a world financial collapse.

China faces serious issues now. Its economy over-heated. Its creation of world wide trade imbalances in its favour has fueled inflation/recession.

China is headed for a melt down.

http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust

http://www.huffingtonpost.com/robert-hockett-/china-debt-meltdown-_b_8940382.html

http://gawker.com/how-scared-should-you-be-of-a-chinese-financial-meltdow-1780871584

https://www.thestreet.com/story/13407258/1/china-faces-2016-crisis-as-bad-as-u-s-mortgage-meltdown.html

http://www.naturalnews.com/049358_Chinese_economy_housing_bubble_economic_collapse.html

Edited by Rue

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Canadian authors have long whined that Canada is a "wholly owned subsidiary" of the United States as well. I have at least a dozen books to prove this constant neurosis and anxiety. This kind of sentiment is not new, and it won't matter with China either.

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List please.

-effectively cancelled northern gateway with an end run tanker ban ,after it was approved by their own board using their own process. Since then, Trudeau has failed to speak about the court ruling invaldiating the approval.

-added yet another new requirement for 'social licence review' of major projects, after the NEB review, and it applies to projects already submitted to the NEB

-obliged Energy East to resubmit their entire submission because the first one was 'too technical'. That is a massive undertaking.

-failed to approve any LNG permits.

Just a beginning. The man is an idiot and is blithely driving our economy straight into the toilet.

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Just a beginning.

Let's see. Energy East resubmission was requested by the NEB, and Trudeau had absolutely zero, nothing, nada, zilch, to do with it. The submission filled 68 binders to being with, and was unmanageable. After submission it changed even more. Perhaps TransCanada should have done a better job to begin with, and made it more readable. Were they intentionally trying to make it difficult in hopes it would be ignored? Additionally they were not asked to resubmit, but rather to better explain their massive submission.

So you would rather we kill our coastline, salmon industry, etc.? The tanker ban is about protecting a very sensitive resource. Additionally it was a very clear part of the election platform, something the Canadians said in overwhelming numbers they wanted.

You are wrong about social license. The issue is not an extra review, it is about improving the NEB process.

What specific LNG permits has Trudeau intervened on?

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Companies put out job ads that look for “purple squirrels”. They know that no Canadian applicant will have all of the needed attributes and experience, but then they can go to the government and say: "You see, we had 500 Canadian applicants and not one was a purple squirrel! We know that there are qualified purple squirrels in Elbonia, if only we had a permit to bring them into Canada."

Of course the Elbonian workers are no more qualified than the Canadian applicants (and often less so), but they are willing to work cheaper, are in a precarious position, and may be sent home at any time. The companies also buy real-estate so that the Elbonians can live in these apartments allowing the firms to play in that market while the workers pay the mortgage for them.

Mission accomplished and a bonus for the HR genius who dreamed up this scheme! Immigration lawyers do all of the paperwork and make a fortune too.

(BTW, HR people actually use the term looking for "purple squirrels"....Google it.)

The whole scheme is set-up to find cheaper compliant workers and to make money on real-estate.

http://www.theglobeandmail.com/news/politics/use-of-foreign-worker-program-exempt-from-labour-market-screening-on-rise-report/article31774425/comments/

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China's power was always its access to cheap labour an its monopoly over all its labour.

Not really.

There are many aspects. Some of the important reasons are innovations, science and technology, better designs.

https://www.sciencedaily.com/releases/2016/01/160119151244.htm

According to Indicators 2016, China is now the second-largest performer of R&D, accounting for 20 percent of global R&D as compared to the United States, which accounts for 27 percent.
Between 2003 and 2013, China ramped up its R&D investments at an average of 19.5 percent annually, greatly exceeding that of the U.S. China made its increases despite the Great Recession. Developing economies that start at a lower base tend to grow much more rapidly than those that are already functioning at a high level; nonetheless, China's growth rate in this arena has been remarkable.
China is also playing an increasingly prominent role in knowledge and technology-intensive industries, including high-tech manufacturing and knowledge-intensive services. These industries account for 29 percent of global Gross Domestic Product (GDP) and for nearly 40 percent of U.S. GDP. China ranks second in high-tech manufacturing, where the U.S. maintains a slim lead with a global share of 29 percent to China's 27 percent. While China plays a smaller role in commercial knowledge-intensive services (business, financial, and information), it has now surpassed Japan to move into third place behind the United States and the European Union.
China has also made significant strides in S&E education, which is critical to supporting R&D as well as knowledge and technology-intensive industries. China is the world's number-one producer of undergraduates with degrees in science and engineering. These fields account for 49 percent of all bachelor's degrees awarded in China, compared to 33 percent of all bachelor's degrees the U.S. awards.
In 2012, students in China earned about 23 percent of the world's 6 million first university degrees in S&E. Students in the European Union earned about 12 percent and those in the U.S. accounted for about 9 percent of these degrees.
University degree production in China has grown faster than in major developed nations and regions, rising more than 300 percent between 2000 and 2012; during the same period, the number of non-S&E degrees conferred in China also rose by 1,000 percent, suggesting that China is building capacity in all areas, not just S&E. The number of S&E graduate degrees awarded in China is also increasing. However, the U.S. continues to award the largest number of S&E doctorates and remains the destination of choice for internationally mobile students.

You can find an example from what iPhone7 experienced, it lost because its technology and design and market analyse is worse than Chinese companies:

http://www.forbes.com/sites/ywang/2016/09/08/apples-iphone-7-is-no-silver-bullet-for-its-lackluster-china-prospects

And the small, wireless headphone isn’t what Apple’s core Chinese customers need. Chinese elites, who used to regard the pricey iPhone as a status symbol, now favor Huawei because its sleekly-designed products come with dual SIM card slots and enhanced battery lives – features that business executives need for frequent travels and conference calls.
They will be put off by the extra step needed to use standard headphones and the frequent charging of the new AirPod, says Nicole Peng, a research director at market research firm Canalys.
The dual-lens camera won’t be a big attraction either because a number of local players, including Huawei and the fast-rising OPPO, already put phones with enhanced camera functions on the market. The iPhone 7 did little to differentiate itself, Peng says.
Apple’s share in its most important market segment in China – market where smartphones are priced above $500 – fell to 38% in the second quarter this year compared with 67% a year ago, according to Canalys. The drop is mainly due to rising competition from Huawei, Peng says.

China is headed for a melt down.

That has been said for at least 20 years, but China did not fell, it becomes the 2nd largest economy while the false prediction people never try to stop and never felt shameful for their mistakes.

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A glorious opportunity for foreigners to get temporary work in Canada and improve their lives! Who could possibly be against it!? I can certainly see MacCallum's position that the regulations are too tight and need to be relaxed more.

She worked 12-hour shifts six days per week and, on their day off, she and the other Chinese workers went to a field to dig up plants to supplement their diet of preserved vegetables from China, according to an affidavit Amy prepared for her application to stay in Canada on humanitarian grounds.

They were given meat once a month.

A Canadian co-worker who spoke on condition of anonymity said the Chinese workers “were always crying, not eating.”

http://calgaryherald.com/news/national/the-murky-world-of-the-agencies-that-recruit-temporary-foreign-workers

Edited by Argus

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In the latest signal that whatever China wants, China will get, the Trudeau government reversed a Conservative veto of a deal which would allow a Chinese company with close ties to the Chinese government to take over a Canadian high tech company. The Tories cancelled it on security grounds but Trudeau, of course, has no concerns about security of any kind, and grandly reversed the ruling.

Of course, this has nothing to do with the millions of dollars the Chinese government is pouring into Liberal campaign coffers through their business intermediaries in Canada...

http://www.theglobeandmail.com/news/politics/liberals-reverse-harper-cabinet-order-to-unwind-chinese-takeover-deal/article33560076/

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Hard for me to read this thread, as it is so full of miss-conceptions.

First of all, I will state that I had an office in Guangzhou and later Shenzhen for many years until my Chinese borne, Canadian citizen (since 1954) partner died a few years back.  He had worked in and with China for decades beginning in the '60s, and was actually very close with the Nationalists in Taiwan at the same time.  While I am not an "expert", my experiences with China are first hand and from someone who knew the WHOLE country imminently (Chinese citizens did not have the travel freedom he enjoyed until very recently) who took me around and introduced me to several very noteable people - as well as thousands of "ordinary citizens".

China is a predatory economy, period.   In Chinese (and much of other Asian) cultures, it is the results that matter, not how you get them.  What people say is extremely different from what they mean, as it is a contextual language, not literal.  Westerners have no idea how to deal with this.

Let me give you one real example:  a good friend of mine writes some very specialized software, and about ten years ago, was sequestered to create a new suite of programmes to operate their kind of equipment in complete secrecy, totally off line.  Two years into it, he had the final product ready for introduction, and their very Canadian company sent him to Guangzhou for their first foray into international IT shows - to introduce this product.   Before he had a chance to get his booth set up and start schilling, he was offered SEVERAL TIMES to buy guess what?   His exact programmes!  You don't need to hire a Chinese IT engineer, the Red Army maintains a full time staff of them to do it for you.

DO NOT believe economists' numbers for Chinese income, or anything else.  China is still a communist country and many things included in a measure of consumer costs are either subsidized or regulated, and NEVER reported accurately.   At an individual level, NOBODY trusts their (or any other) government, so they will never disclose anything more than they absolutely must - ESPECIALLY about income and wealth.  The secret of Chinese success is not (just) "cheap" labour, it is that an awful lot of people will get up in the morning, and the WHOLE FAMILY will go to work for someone else or themselves, or BOTH to earn more money today than they did yesterday.   They are not "getting ahead", just playing catch-up after a long and very failed experiment with communism (much like Saskatchewan, I might add).  China is an extremely entrepreneurial place with a government savvy enough to bend the rules to cash in on that fact.

We have a huge trade imbalance with China because we are horribly bad at marketing our resources, and worse at adding value to them.  For instance:  decades of having the Canadian Wheat Board left generations of farmers who believe it is the business of government to sell their commodities.  From that perspective, the Liberal government (especially one containing Ralph Goodale) would be the very last to stand up for Canola producers and face down the Chinese.  We can't sell them the crude oil that we have and they need, because our nitwits-in-power (insert ANY party name here, they all fit) have failed to produce a pipeline to tidewater and didn't and won't have the stones to insist we export only upgraded "synthetic crude" or better yet refined products.  Finally, we have lost our national identity to the point of being so goddamned Yankee that we will go to the big box store and buy 10 pieces of pure crap instead of the Euro version of shopping for the best quality, longest lasting one that can be had at any price.

The other problem I might mention is Chinese professionals and students coming to Canada (or anywhere else, for that matter).  They all have perfect academic scores, perfect references and perfect experience.   But, just as in making a product, those are the words presented to you because you asked for them.  They seldom have ANY basis in fact.  As a result it is extremely difficult to find the real McCoy (and they DO exist) among the sea of literally millions of imposters.  Oh, the perfect references are real, just not true.  This is not a new thing.   I remember it on a much smaller scale in the '60s when I was a student, and Hong Kong Chinese in our school would lie and cheat on every exam, and seldom ever actually learn the material.  Results.   Pass the exam.  Get the accredation.  That was in engineering.

So, should we just slam the door and walk away?   As has been pointed out, that would simply deny reality.  What we really need is a government with some spine and sense to limit predatory practices, but moreso business that can just get down to business and an investment culture that puts money into business, not banks (or if I can paraphrase from South of the 49th - put Main Street to work, not Wall Street).

Main Streets in Shanghai and the Pearl Delta are fully funded and fully engaged.  AND: they will very quickly and aggressively pursue ANY market with the full support of an extremely smart and predatory central government.

Edited by cannuck

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1 hour ago, cannuck said:

China is a predatory economy, period.   In Chinese (and much of other Asian) cultures, it is the results that matter, not how you get them.

Thanks for the insights Cannuck, they confirm what I've long believed.  I know I don't like being told we need to emulate or accommodate China's predatory ethics in our own approach to business or economics to keep up. Sadly however I believe that's exactly where a lot of Canadian money and power want us to go. The idea that trade between Canada and China would cause China to adopt our values was diametrically misplaced.

The worst impacts of this at-any-cost-approach to economic survival/success are already apparent in the environment, especially China's.

I can't help but worry that much of the money pouring into Canada's real estate was "earned" according to some really substandard economic and environmental standards, not to mention human and labour.

Fearing for our hard earned standards was never part of the deal sold to Canadians when we went down the path globalization took us. I see nothing wrong with people wanting to apply a similar at-any-cost approach to protecting ourselves from that -even with things like guaranteed living incomes and stopping development that damages or destroys our environment.

It's telling that our last PM gave up worrying about trade with a tyrant and now we have a PM who admires China's ability to get things done.

I've heard tell of people discussing a values test for new Canadians these days. I'd say a test of the ethics represented by the wealth they're shoe-horning their way in with would be the best measure.

 

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22 minutes ago, eyeball said:

 

I can't help but worry that much of the money pouring into Canada's real estate was "earned" according to some really substandard economic and environmental standards, not to mention human and labour

The dilema is that EVERY economy developed by abusing the environment - and workers.  Problem is, the time under Chairman Mao meant that China is catching up decades later, so from our vantage point being irresponsible - as were we.  What we NEEDED, but did not get, was a firm set of rules on day 1 whereby China (or ANYONE else) would have access to our markets ONLY when they were meeting our environmental and human rights standards - but maybe at an earlier stage than we are now and with a timetable knowing fully well when it was needed to move up the ladder.

In China's case, we need to think of what could have evolved if they WEREN'T welcomed with open arms and no constraint into the modern era.

Edited by cannuck

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5 hours ago, cannuck said:

The dilema is that EVERY economy developed by abusing the environment - and workers.  Problem is, the time under Chairman Mao meant that China is catching up decades later, so from our vantage point being irresponsible - as were we.  What we NEEDED, but did not get, was a firm set of rules on day 1 whereby China (or ANYONE else) would have access to our markets ONLY when they were meeting our environmental and human rights standards ...

 

Canada has never had such a standard or desired such standards, especially for Canadian corporations operating in other, so called third world nations.   Canadian mining companies are famous for raping the environment and people the world over.   Canada also pursued foreign investment by corps/nations without regard to any such standards.   There is nothing special about Canadian markets...or "standards".

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On 1/10/2017 at 9:00 AM, Argus said:

In the latest signal that whatever China wants, China will get, the Trudeau government reversed a Conservative veto of a deal which would allow a Chinese company with close ties to the Chinese government to take over a Canadian high tech company. The Tories cancelled it on security grounds but Trudeau, of course, has no concerns about security of any kind, and grandly reversed the ruling.

Of course, this has nothing to do with the millions of dollars the Chinese government is pouring into Liberal campaign coffers through their business intermediaries in Canada...

http://www.theglobeandmail.com/news/politics/liberals-reverse-harper-cabinet-order-to-unwind-chinese-takeover-deal/article33560076/

If China wanted to hack Canada they wouldn't need a Canadian company to do it through. If anything removing protectionist policies is better for consumers, which is us, in the long term. 

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More details on that company the Chinese have apparently ordered Trudeau to allow them to buy.

The Montreal high-tech firm at the centre of a foreign takeover by a Chinese investor that triggered national security concerns in Ottawa once participated in a research project with a Canadian spy agency and has sold equipment to the Department of National Defence. The Trudeau government recently cancelled a Harper cabinet order for Hong Kong-based O-Net Communications to abandon its takeover of Montreal-based ITF Technologies. The Conservatives decided the ITF deal could be “injurious to national security” and tried to unwind it shortly before they lost power.

http://www.theglobeandmail.com/news/politics/montreal-firm-targeted-in-chinese-takeover-did-research-with-canadian-government/article33613518/

Edited by Argus

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That their glorious leader sells himself to the Chinese doesn't bother Liberals. But anyone apparently showing disrespect, well, now that gets their precious hairs standing on end! 

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On 8/18/2016 at 4:50 PM, Argus said:

According to this we already issue 400,000 visa per year to Chinese for "multiple entry and exit' which basically lets them come and go into our country as they please. Why? Four hundred thousand in one year!? What are all these Chinese doing?

Additionally, in 2015, Canada received 594,897 applications for temporary resident visas from Chinese nationals. There was also a nearly 95 per cent increase in study permits issued between 2010 and 2015 to Chinese nationals.

So we have permits for a million Chinese a year to come into Canada? Why did we grant almost 600,000 temporary resident permits? Canada only has something under a million full time post-secondary student enrollment. Are you telling me six hundred thousand of them are Chinese?

Let's not forget that China is not the US or UK. Every Chinese company which invests in Canada is owned by the Chinese Communist Party, and every worker who comes here is under the orders of the Chinese government and will inevitably do whatever he or she is told, which includes passing along any and all information of interest to China.

yes. double yes, look on campus, most the students barely speak English in the major schools in much of Ontario and BC.  HAVE you ever been to U of T st. george?  It is like Chinatown East, I literally could walk into entire buildings like computer Engineering and not see a single white person under 45, and I am not even white.  And I'd add that downtown Toronto is majority white by residents.  You do realize us and uk spy on us through their businesses as well right?

 

On 8/18/2016 at 5:29 PM, Vega said:

This entire situation is an example of how dearly we are paying for Nixon and Trudeau's disastrous decision to open relations with China. After the Sino-Soviet split there was a massive opportunity to isolate & destroy the 2nd largest Communist power on earth and the West pissed it away.

The PRC should have never been recognized or given the ROC's UNSC seat, and we should have established a cohesive strategy to isolate them economically & diplomatically. All of East Asia, let alone us in Canada, is being threatened by Chinese expansionist policies because we messed up.

There was no hope to destroy China, they were breeding like rabbits and could just use their share numbers to fight the USA to a stalemate like they did in Korea and Vietnam.  It became clear that isolating China long term would be impossible because at the way Chinese were breeding down the place, they'd be forced to move into their neighbours at some point in a huge refugee crisis.  My grandfather basically put together the point 4 program, later expanded to point 5, and the general American view was that China was one humanitarian crisis from over running the soviet union.  China has 1.3 billion people.  They could pretty much just send 1 million Chinese across the border for 1 year straight everyday, and there is just no stopping that kind of numbers.  And as bad as the soviet union was, it would be a lot worse with 300 million Chinese refugees with a hatred of America in their hearts for ruining their country if America tried to sabotage it too severely.

 

My grandfather tells me the view was basically you had to drop 50 nuclear bombs on China back in the 50s, to well we can try to isolate them politically and economically, to they are just too large to isolate.  How do you isolate 1/5th of the planet with a huge diaspora on all continents?  The view then became if we could get Chinese to stop breeding so much, and pull them into the global order, well we might be able to avert a complete crisis.  If we did to China what we did to North Korea, we'd just have another North Korea but too big to invade on our hands.  Also China is home to many strategic resources like precious and rare earth metals.  Isolating it would never work.  They'd just create a parallel economy with our other enemies like Iran, cuba, saddam's iraq, syria, many of the anti-apartheid states.

 

On 8/18/2016 at 6:39 PM, TimG said:

A Chinese company running a mine in Canada claimed it needed TFWs because it could not find enough Chinese speaking miners in Canada. Such requirements are a ridiculous abuse of the system. The only reason China wants TFWs is because they can import cheaper labour. But as I said, if a Chinese company operating in Canada is not willing to hire Canadians for the bulk of their labour force (something which every other foreign corporation has no problem with) then we don't want them here.

 

I have very little respect for our current politicians willingness to look out for the best interests of Canada. They are simply too naive.

What rght minded Canadian would want to work for Communist Chinese mine owners?  You ever work in a mine before?

On 8/18/2016 at 6:48 PM, bjre said:

Zellers acqured by US company Target, and then Target gone, what about those poor Canadian employees? Did you ever care about them?

No, because US is white majority and target was white owned, they view it as racial.

On 8/18/2016 at 7:05 PM, Argus said:

Why? What would the cost be if Canada ended all trade with China? We have over a $40 billion trade deficit with them. We can buy their shitty products from a dozen other countries just as cheap, and they buy nothing from us but commodities. We can sell them to anyone.

The cost would be more expensive products, more expensive inputs, destroyed entrepreneurship.  There was a reason why middle class people rarely started factories decades ago, back then, the cost of the machines alone were in the low millions, China has got many of them down to the hundreds of thousands or even tens of thousands of dollars.

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Once again the Trudeau government turns on its belly and okays whatever Chinese government connected companies want to do in Canada. God only knows how this mysterious outfit plans to profit off buying a retirement company but I'm guessing a lot of fake drugs, and poorly paid, unskilled Chinese employees.

Even for smaller deals, it’s believed a foreign investor must reveal details such as the names of its board members, five highest paid officers, any person or entity that owns 10 per cent of its equity or voting interests, whether it is connected to a foreign government and its sources of funding for the investment. 

Anbang, however, has infamously developed a reputation in the last year or so for much larger deals in the U.S. and Europe that fall apart because it can’t provide this kind of information about its ownership. Major investment banks have stepped away from earning potentially lucrative fees by working with Anbang for similar reasons. 

The New York Times has dug into who is behind the company’s chairman, Wu Xiaohui. Investigations into remote villages across China and sometimes empty city offices unearthed a fuzzy picture of almost 40 shell companies, mostly owned by his wife, Zhuo Ran, the granddaughter of former Chinese leader Deng Xiaoping, and Chen Xiaolu, the son of a notable Chinese general, plus a few Chinese government-owned companies.

 

http://www.ottawacitizen.com/business/explain+approving+china+firm+billion+deal+retirement/13007207/story.html

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On 1/17/2017 at 0:54 PM, hernanday said:

The cost would be more expensive products, more expensive inputs, destroyed entrepreneurship.  There was a reason why middle class people rarely started factories decades ago, back then, the cost of the machines alone were in the low millions, China has got many of them down to the hundreds of thousands or even tens of thousands of dollars.

I am one of those entrepreneurs who has to buy equipment to produce things or deliver services.   AND, I have actually bought some of the cheaper Chinese made equipment and tried to make it work.  Sorry to burst your bubble, but in the real world, we need things that are what they claim to be, not a very poor imitation of same with documentation that makes totally false claims.  Now, if you meant tooling from Taiwan, that would be a very different story.   Mainland:  not at all the same.

There IS some very good tech that comes out of China, and SOME good products.  BUT: those are the exceptions, not the rule.  The technologies that make many things so much cheaper today are generally conceived and developed somewhere else, then stolen by Chinese entities under sponsorship of the Red Army hackers, commercialized with labour that has not real need to follow many of the laws and standards that we in the West are bound to.

Edited by cannuck

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