U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.

  • AshLassay@lemmy.world
    link
    fedilink
    English
    arrow-up
    80
    arrow-down
    7
    ·
    edit-2
    1 year ago

    Xi to Biden: “Be careful, your citizens’ purchasing power relies on us exploiting our poor rural population”

    • NoneOfUrBusiness@kbin.social
      link
      fedilink
      arrow-up
      21
      ·
      1 year ago

      Hasn’t that actually changing, with Western corporations turning to Vietnam and its neighbors due to wages rising in China?

        • Doug@vlemmy.net
          link
          fedilink
          arrow-up
          4
          ·
          1 year ago

          Escorts our of south was Asia were over 70% from China a few years ago and we’re only 50% from China last year. These numbers are from my memory so probably not exact but close enough.

          Decoupling/derisking is happening quickly with all major players moving to a china +1 policy for manufacturing.

      • Aux@lemmy.world
        link
        fedilink
        arrow-up
        5
        ·
        1 year ago

        And who owns factories in Vietnam? China, lol. China is investing heavily in poor countries all over the world.

    • tookmyname@lemmy.ml
      link
      fedilink
      English
      arrow-up
      14
      ·
      1 year ago

      There’s always more poor counties to exploit. There’s only so many rich ones to sell to.

    • YoBuckStopsHere@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      arrow-down
      2
      ·
      1 year ago

      I’ve avoided buying anything made in China and items made in South Korea and Taiwan are just as cheap and of a better quality.

      • kurosawaa@lemmy.world
        link
        fedilink
        English
        arrow-up
        25
        arrow-down
        2
        ·
        1 year ago

        The components in those Taiwanese and South Korean products come from China. You can’t avoid the world’s second largest economy in a globalized world.

        • ColKoala@lemmy.world
          link
          fedilink
          English
          arrow-up
          5
          arrow-down
          2
          ·
          1 year ago

          TSMC Is literally in Taiwan, Samsung is in Korea, and both make there own chips. What are you talking about?

          • kurosawaa@lemmy.world
            link
            fedilink
            English
            arrow-up
            3
            ·
            1 year ago

            Where do you think TSMC buys the concrete for their facilities comes from? The copper wiring? What about the rare earth minerals that are used in the production process to make chips? Where do they source their steel from? There are thousands and thousands of components that go into building the capital that makes chips, or just into making the buildings that make up their facilities, or even just the materials for the dormitories for their workers. There is inevitably a ton of Chinese products being used at different points in the TSMC supply chain. The most advanced components are from the US, Europe, and Japan, but numerous other components will be made in China.

        • YoBuckStopsHere@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          13
          ·
          1 year ago

          My money isn’t going to China and no South Korea and Taiwan don’t use Chinese products, ever. China is both their moral enemy.

          • kurosawaa@lemmy.world
            link
            fedilink
            English
            arrow-up
            12
            arrow-down
            1
            ·
            1 year ago

            I lived in Taiwan for over 5 years, most people use Chinese products every day. China is their largest trade partner.

            • YoBuckStopsHere@lemmy.world
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              10
              ·
              1 year ago

              About 22% of Taiwan’s imports last year came from mainland China and Hong Kong, versus 10% from the U.S. That doesn’t quite match up with most people use Chinese products every day. Current relations with China are so bad that most of that trade has dried up.

              • kurosawaa@lemmy.world
                link
                fedilink
                English
                arrow-up
                14
                arrow-down
                1
                ·
                edit-2
                1 year ago

                Listen, I literally lived there for years, I have family there, and I visit all the time. People buy and use Chinese goods every day. Xiaomi smart phones and gadgets are super popular. Chinese phone brands like realme and oppo outcompete local brands. People buy Chinese groceries all the time, especially flavorings and hot sauces. People import Chinese books, watch Tencent TV, and listen to Chinese music. They speak the same language so of course people will buy goods and media content from China.

                Even though virtually everyone hates the Chinese government, most people still interact with Chinese people, media, or goods on a daily basis. And this isn’t even getting into business supply chains; Taiwan’s dirty secret is that most Taiwanese businesses are very pro-China, even though your average person is worried about China having too much influence.