Re:US targets trade loophole used by ecommerce groups Temu a...
by Prbeek on Saturday September 14, 2024 @05:38AM
(#41538635)
It's not China collapsing but local brands eclipsing western ones.
Re:US targets trade loophole used by ecommerce groups Temu a...
by mensetmanusman on Saturday September 14, 2024 @11:57AM
(#41540649)
OP did not say collapsing; everyone agrees with the current situation of severe weakness.
Consumer spending as dropped dramatically, deflation is occurring, population is decreasing millions per year and set to accelerate, foreign direct investment is down 10x, inept foreign policy has strengthened China’s neighbors relationship with the US, entrepreneurs are demoralized, etc.
- Consumer giants from Starbucks to General Mills have one big sales problem: China. Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S. https://www.cnbc.com/2024/08/07/us-consumer-giants-have-one-...
- Foreign investors pulled a record $15 billion out of China last quarter https://fortune.com/asia/2024/08/12/foreign-investors-pull-r...
- China’s startup ecosystem has almost completely collapsed in the last 5 years. https://x.com/alecstapp/status/1834201320212898179?mx=2
- IBM Decides To Move R&D Out Of China https://www.forbes.com/sites/miltonezrati/2024/09/07/ibm-dec...
- Microsoft shuts down physical retail presence in mainland China https://www.retail-systems.com/rs/Microsoft_Shuts_Down_Physi...
- The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending https://www.cnn.com/2024/07/26/business/lvmh-luxury-firms-ch...
- Japan’s Companies Sour on China After Years of Brushing Off Risk https://www.bloomberg.com/news/articles/2024-09-08/japan-inc...