MarcsPakistan
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They can't afford to leave China even if they want to...
China-US Geopolitics: News & Discussions
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Bussard Ramjet
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I agree totally.
That is why China should extend loans to companies like Huawei and DJI, instead of spending them on totally incapable state owned companies, some of which survive only because of state support.
xunzi
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Can you stop pretending to be a dummy because I have high hope for you. LOL
Huawei and DJI are a PRIVATE company, a company that don't need much funding. If they WANT FUND, they can easily go IPO and raised billion! These two DON"T need the govt fund. They NEED govt policy aim to aid their expansion. For that 5G plan and promotion of drone in the next 5 years are already enough to help Huawei and DJI.
TaiShang
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SOEs served as the backbones and founding blocks of national economy. How can one ignore or underestimate their importance for China's industrial capacity? The ongoing SOE reforms are not to phase the SOEs out, but to restructure them for greater competitiveness.
In the end, some public goods and services cannot be left entirely in the hands of the private enterprise, let alone foreign enterprise.
So, the two are equally important for national economy, especially for a socialist national economy. People like it or not, this is how China operates. They are free to pursue their own way in their own liking. For once, I do not care what they are doing with their economy.
Bussard Ramjet
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Everybody needs funding.
Ofcourse they are private companies.
What I'm saying is that they should be encouraged to aim even higher.
Let's talk about DJI for example.
It did need money. It raised around 200 million dollars worth of cash, largely from foreign VCs.
Wouldn't it have been good to have a state owned back give them the bucks? It would perhaps have been the most profitable transaction for the bank, and would have kept growing chinese wealth in China.
Further, DJI is so good, in executing and implementing stuff, that they should be encouraged to aim higher, by giving them funds.
I'm not asking for totally overthrowing SOEs.
I am asking to stop funding them exorbitantly and only them.
Despite getting trillions of dollars in loans, they have very little to write home about.
Rather, I am suggesting a singaporean model of SWFs.
There should be funds that invest and retain ownership of companies, BUT the companies must function like private enterprises, in an efficient way.
This would take the best of both the worlds.
AndrewJin
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Bussard Ramjet
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Good.
Unfortunately this is not what I'm talking about.
I already know that local governments provide such incentives to private, even foreign owned companies.
What I'm talking about is banks.
They should give DJI a 100 billion dollars loan, at good interest rates, for a period of 20 years.
DJI can do wonders with that money.
T-Rex
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US rejects China's call to halt joint drills with SKorea
ASSOCIATED PRESS
UNITED NATIONS
Published 5 hours ago
Fighter jets on board the U.S. Navy aircraft carrier USS Carl Vinson (CVN 70) are prepared for patrols off the disputed South China Sea on March 3, 2017. (AP Photo)
Related Articles
The United States on Wednesday rejected China's proposal for a halt to joint U.S.-South Korean military exercises if North Korea suspends its nuclear and missile activities. It called North Korean leader Kim Jong Un irrational and demanded "positive action" before the U.S. can take his regime seriously.
In Washington, U.S. State Department acting spokesman Mark Toner said, "At this point we don't see it as a viable deal." A Pentagon spokesman, Cmdr. Gary Ross, said U.S. activities to defend South Korea "cannot be equated to North Korea's repeated violations of its obligations and agreements."
The U.S. ambassador to the United Nations, Nikki Haley, told reporters after an emergency Security Council meeting on North Korea's latest ballistic missile launches that the United States must see "some sort of positive action" by Kim's regime before discussing ways to reduce tensions on the Korean Peninsula.
"They've given us enough reason to think how irresponsible that they are that we ever try and think that we're dealing with a rational person on this," she said.
Earlier Wednesday, Chinese Foreign Minister Wang Yi proposed the freeze-for-freeze, likening escalating tensions between the North and Washington and Seoul to "two accelerating trains, coming toward each other with neither side willing to give way."
The idea was rejected by South Korea and Japan as well as the U.S.
Haley said the military drills are especially needed now after North Korea conducted two nuclear tests and 24 ballistic missile launches last year and two sets of missile launches and the assassination of Kim Jong Un's estranged brother using a chemical weapon this year.
She also defended the upcoming deployment of a U.S. missile defense system in South Korea, a move that has been strongly opposed by China. She said America would not leave its ally facing the threat from North Korea without help.
"We have not seen any goodwill at all coming from North Korea," Haley said. "I appreciate all my counterparts wanting to talk about talks and negotiations, (but) we are not dealing with a rational person."
With any other country, the United States would be seeking negotiations, she said.
"This is not a rational person, who has not had rational acts, who is not thinking clearly," Haley said of North Korea's leader. "This is someone who is trying to get attention. This is someone who is trying to get a reaction."
Haley said the United States is re-evaluating how it is going to deal with North Korea going forward "and we are making those decisions now and will act accordingly."
"We're not ruling anything out and we're considering every option that's on the table," she said.
South Korean Ambassador Cho Tae-yul also rejected the idea of a North Korean nuclear freeze in exchange for halting U.S.-South Korea military exercises, which he stressed are defensive in nature.
"Linking this exercise to anything else, which is illegal nuclear and missile provocation by North Korea, is inappropriate and unacceptable, and I think this is just trying to link the unlinkable," he said.
"All kinds of options have been exhausted so far," Cho said, "So the only available means to change the North Korean behavior fundamentally is to continue to keep up the pressure and sanctions on North Korea."
Japan's U.N. ambassador, Koro Bessho, said that "at the starting point we need some assurances they are serious about the denuclearization."
"So Japan's position is that it's not freeze-for-freeze but it's denuclearization that we're looking for," Bessho said.
But Chinese Ambassador Liu Jieyi warned that "if you look at ... the development of events now on the Korean Peninsula there's a real danger, there's a real risk."
The alternative to China's proposal "would be escalation of tension, and the situation may get out of control," he told The Associated Press and two other reporters.
"We should avoid any worsening of the situation, or still any conflict, any sparks triggering a larger-scale conflict or even war on the Korean Peninsula," Liu said. "That's not something that's in the interest of anyone."
He said implementing China's proposal "shouldn't be hard" if there is political will, but "it would take the agreement of all the sides to get this result."
When asked whether China had a commitment from North Korea to freeze testing, he told the AP that "we have been talking to various parties concerned about this."
Haley said talks are one option on the table for U.S. consideration along with many others that she declined to specify. She said other Security Council members would also all be discussing with their capitals what to do next on North Korea.
Japan's Bessho said three of the missiles launched Sunday night landed in his country's exclusive economic zone where fishermen troll for squid. He said the North Korean military unit that conducted the launches is tasked with striking U.S. military bases in Japan when necessary.
"This shows us they are serious in these aggressive actions," Bessho said, calling the North's actions "a serious matter for the whole world."
He welcomed the Security Council's reaction late Tuesday, which was stronger than after previous launches.
The council strongly condemned the North's missile tests, "increasingly destabilizing behavior" and defiance of the council's resolutions. It said the missile activity increases tensions in the region and beyond, and risks a regional arms race.
The Security Council has already imposed six rounds of increasingly tougher sanctions on North Korea. It urged all countries to "redouble efforts" to implement them and warned of possible "further significant measures."
British Ambassador Matthew Rycroft, the current council president, said members discussed "a potential role" for Secretary-General Antonio Guterres in pursuing "a united council position," but gave no details.
Speaking on behalf of Britain, Rycroft said it's "very important that the first step" come from North Korea to demonstrate its commitment to denuclearization.
China's Liu told the AP the Security Council must follow the situation closely "but it is key that the main players in the region refrain from doing anything that would exacerbate the current highly tense situation on the Korean Peninsula."
https://www.dailysabah.com/asia/2017/03/09/us-rejects-chinas-call-to-halt-joint-drills-with-skorea
ASSOCIATED PRESS
UNITED NATIONS
Published 5 hours ago
Fighter jets on board the U.S. Navy aircraft carrier USS Carl Vinson (CVN 70) are prepared for patrols off the disputed South China Sea on March 3, 2017. (AP Photo)
Related Articles
The United States on Wednesday rejected China's proposal for a halt to joint U.S.-South Korean military exercises if North Korea suspends its nuclear and missile activities. It called North Korean leader Kim Jong Un irrational and demanded "positive action" before the U.S. can take his regime seriously.
In Washington, U.S. State Department acting spokesman Mark Toner said, "At this point we don't see it as a viable deal." A Pentagon spokesman, Cmdr. Gary Ross, said U.S. activities to defend South Korea "cannot be equated to North Korea's repeated violations of its obligations and agreements."
The U.S. ambassador to the United Nations, Nikki Haley, told reporters after an emergency Security Council meeting on North Korea's latest ballistic missile launches that the United States must see "some sort of positive action" by Kim's regime before discussing ways to reduce tensions on the Korean Peninsula.
"They've given us enough reason to think how irresponsible that they are that we ever try and think that we're dealing with a rational person on this," she said.
Earlier Wednesday, Chinese Foreign Minister Wang Yi proposed the freeze-for-freeze, likening escalating tensions between the North and Washington and Seoul to "two accelerating trains, coming toward each other with neither side willing to give way."
The idea was rejected by South Korea and Japan as well as the U.S.
Haley said the military drills are especially needed now after North Korea conducted two nuclear tests and 24 ballistic missile launches last year and two sets of missile launches and the assassination of Kim Jong Un's estranged brother using a chemical weapon this year.
She also defended the upcoming deployment of a U.S. missile defense system in South Korea, a move that has been strongly opposed by China. She said America would not leave its ally facing the threat from North Korea without help.
"We have not seen any goodwill at all coming from North Korea," Haley said. "I appreciate all my counterparts wanting to talk about talks and negotiations, (but) we are not dealing with a rational person."
With any other country, the United States would be seeking negotiations, she said.
"This is not a rational person, who has not had rational acts, who is not thinking clearly," Haley said of North Korea's leader. "This is someone who is trying to get attention. This is someone who is trying to get a reaction."
Haley said the United States is re-evaluating how it is going to deal with North Korea going forward "and we are making those decisions now and will act accordingly."
"We're not ruling anything out and we're considering every option that's on the table," she said.
South Korean Ambassador Cho Tae-yul also rejected the idea of a North Korean nuclear freeze in exchange for halting U.S.-South Korea military exercises, which he stressed are defensive in nature.
"Linking this exercise to anything else, which is illegal nuclear and missile provocation by North Korea, is inappropriate and unacceptable, and I think this is just trying to link the unlinkable," he said.
"All kinds of options have been exhausted so far," Cho said, "So the only available means to change the North Korean behavior fundamentally is to continue to keep up the pressure and sanctions on North Korea."
Japan's U.N. ambassador, Koro Bessho, said that "at the starting point we need some assurances they are serious about the denuclearization."
"So Japan's position is that it's not freeze-for-freeze but it's denuclearization that we're looking for," Bessho said.
But Chinese Ambassador Liu Jieyi warned that "if you look at ... the development of events now on the Korean Peninsula there's a real danger, there's a real risk."
The alternative to China's proposal "would be escalation of tension, and the situation may get out of control," he told The Associated Press and two other reporters.
"We should avoid any worsening of the situation, or still any conflict, any sparks triggering a larger-scale conflict or even war on the Korean Peninsula," Liu said. "That's not something that's in the interest of anyone."
He said implementing China's proposal "shouldn't be hard" if there is political will, but "it would take the agreement of all the sides to get this result."
When asked whether China had a commitment from North Korea to freeze testing, he told the AP that "we have been talking to various parties concerned about this."
Haley said talks are one option on the table for U.S. consideration along with many others that she declined to specify. She said other Security Council members would also all be discussing with their capitals what to do next on North Korea.
Japan's Bessho said three of the missiles launched Sunday night landed in his country's exclusive economic zone where fishermen troll for squid. He said the North Korean military unit that conducted the launches is tasked with striking U.S. military bases in Japan when necessary.
"This shows us they are serious in these aggressive actions," Bessho said, calling the North's actions "a serious matter for the whole world."
He welcomed the Security Council's reaction late Tuesday, which was stronger than after previous launches.
The council strongly condemned the North's missile tests, "increasingly destabilizing behavior" and defiance of the council's resolutions. It said the missile activity increases tensions in the region and beyond, and risks a regional arms race.
The Security Council has already imposed six rounds of increasingly tougher sanctions on North Korea. It urged all countries to "redouble efforts" to implement them and warned of possible "further significant measures."
British Ambassador Matthew Rycroft, the current council president, said members discussed "a potential role" for Secretary-General Antonio Guterres in pursuing "a united council position," but gave no details.
Speaking on behalf of Britain, Rycroft said it's "very important that the first step" come from North Korea to demonstrate its commitment to denuclearization.
China's Liu told the AP the Security Council must follow the situation closely "but it is key that the main players in the region refrain from doing anything that would exacerbate the current highly tense situation on the Korean Peninsula."
https://www.dailysabah.com/asia/2017/03/09/us-rejects-chinas-call-to-halt-joint-drills-with-skorea
third eye
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http://www.bbc.com/news/world-asia-39214525
US officials have dismissed China's suggestion that North Korea could halt its missile and nuclear test in exchange for a suspension of US military activity in the region.
The US state department said it was not "a viable deal" while the UN ambassador said North Korea was not "rational".
China's suggestion came after North Korea launched four ballistic missiles,breaking international sanctions.
Meanwhile the US has begun deploying a missile defence shield in South Korea.
It is also conducting its annual large-scale drills with the South Korean military, which routinely infuriate North Korea.
Chinese Foreign Minister Wang Yi said on Wednesday that the security situation on the Korean peninsula was like "two accelerating trains, coming toward each other with neither side willing to give way".
A mutual halt of military operations by all parties would be the first step towards easing tensions and reopening negotiations, he said.
US ambassador Nikki Haley said all options remained on the table in handling North Korea
But US state department spokesman Mark Toner said this was like comparing "apples and oranges".
"What we're doing in terms of our defence co-operation with South Korea is in no way comparable to the blatant disregard that North Korea has shown with respect to international law."
But he said the US needed to look for new strategies on North Korea.
"All of the efforts we have taken thus far to attempt to persuade North Korea to engage in meaningful negotiations have fallen short, to be honest," he said.
"So we need to look at new ways to convince them, to persuade them, that it's in their interests."
'Irresponsible arrogance'
The UN Security Council held an emergency meeting on Wednesday, having issued a stronger than usual condemnation of the latest North Korean test.
It accused North Korea of "increasingly destabilising behaviour" which risked sparking a regional arms race.
The US ambassador to the UN Nikki Haley later told reporters that "all options were on the table" regarding North Korea.
But she said that the world was "not dealing with a rational person" when it came to the North Korean leader.
"It is an unbelievable, irresponsible arrogance that we are seeing coming out of Kim Jong-un at this time," she said.
Ms Haley also repeated US assurances that the installation of the US-made Terminal High-Altitude Area Defense system (Thaad) in South - to shoot down missile attacks from the North - was not a threat to China.
China has been angered by the system, as it believes its powerful radar will enable the US to monitor its military activities too.
Ms Haley said the US was "not going to leave South Korea standing there with the threat of North Korea facing them and not help".
Japan and South Korea also rejected the idea of a deal with North Korea.
US officials have dismissed China's suggestion that North Korea could halt its missile and nuclear test in exchange for a suspension of US military activity in the region.
The US state department said it was not "a viable deal" while the UN ambassador said North Korea was not "rational".
China's suggestion came after North Korea launched four ballistic missiles,breaking international sanctions.
Meanwhile the US has begun deploying a missile defence shield in South Korea.
It is also conducting its annual large-scale drills with the South Korean military, which routinely infuriate North Korea.
Chinese Foreign Minister Wang Yi said on Wednesday that the security situation on the Korean peninsula was like "two accelerating trains, coming toward each other with neither side willing to give way".
A mutual halt of military operations by all parties would be the first step towards easing tensions and reopening negotiations, he said.
US ambassador Nikki Haley said all options remained on the table in handling North Korea
But US state department spokesman Mark Toner said this was like comparing "apples and oranges".
"What we're doing in terms of our defence co-operation with South Korea is in no way comparable to the blatant disregard that North Korea has shown with respect to international law."
But he said the US needed to look for new strategies on North Korea.
"All of the efforts we have taken thus far to attempt to persuade North Korea to engage in meaningful negotiations have fallen short, to be honest," he said.
"So we need to look at new ways to convince them, to persuade them, that it's in their interests."
'Irresponsible arrogance'
The UN Security Council held an emergency meeting on Wednesday, having issued a stronger than usual condemnation of the latest North Korean test.
It accused North Korea of "increasingly destabilising behaviour" which risked sparking a regional arms race.
The US ambassador to the UN Nikki Haley later told reporters that "all options were on the table" regarding North Korea.
But she said that the world was "not dealing with a rational person" when it came to the North Korean leader.
"It is an unbelievable, irresponsible arrogance that we are seeing coming out of Kim Jong-un at this time," she said.
Ms Haley also repeated US assurances that the installation of the US-made Terminal High-Altitude Area Defense system (Thaad) in South - to shoot down missile attacks from the North - was not a threat to China.
China has been angered by the system, as it believes its powerful radar will enable the US to monitor its military activities too.
Ms Haley said the US was "not going to leave South Korea standing there with the threat of North Korea facing them and not help".
Japan and South Korea also rejected the idea of a deal with North Korea.
xunzi
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For every 1 successful DJI, there is a hundred failure. If the bank fund EVERY single one of them in their startup expansion, the banks would go bankrupt! That is the why startup like to raise from VC because of the associated risk and reward.
Also it is important for you to understand the DJI does not LACK FUNDING. The market demand is not there yet, and that is why it's pointless for them to have BILLIONS of available fund in hand. And like I said, if DJI want fund, go IPO. No needs for bank to take risky business decision. Banks dont' operated that way.
Your understanding of how real world business work is extremely limited.
TaiShang
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China's central SOEs profits up 29%
Xinhua, March 10, 2017
Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission (SASAC) [Photo: youth.cn]
China's centrally administered state-owned enterprises (SOEs) performed well in the first two months of 2017 thanks to a stabilizing economy and better management, the state assets regulator said Thursday.
Combined profits of China's centrally-administered SOEs surged 29.1 percent year-on-year to 168.6 billion yuan (about 24.37 billion U.S. dollars) in the first two months, Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission (SASAC), told a press conference on the sidelines of the annual parliamentary session.
The country's 102 central SOEs saw revenues up 15.2 percent to 3.7 trillion yuan in the two months from the same period last year, according to Xiao.
Xiao said the strong growth was a result of reductions in cost and management expenses, which also reflects the stabilization of the national economy.
Total profits of China's central SOEs climbed 0.5 percent year on year to more than 1.23 trillion yuan in 2016, while revenues rose 2.6 percent to 23.4 trillion yuan, SASAC data showed.
Xiao voiced "full confidence" in the performance of China's SOEs this year, but he also warned of economic uncertainties and stressed the need to keep potential risks under control.
China pledged to deepen SOE reform in 2017 in a government work report delivered by Premier Li Keqiang Sunday, promising measures such as introducing a mixed ownership system and more efforts to make SOEs leaner, healthier, and perform better.
Xinhua, March 10, 2017
Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission (SASAC) [Photo: youth.cn]
China's centrally administered state-owned enterprises (SOEs) performed well in the first two months of 2017 thanks to a stabilizing economy and better management, the state assets regulator said Thursday.
Combined profits of China's centrally-administered SOEs surged 29.1 percent year-on-year to 168.6 billion yuan (about 24.37 billion U.S. dollars) in the first two months, Xiao Yaqing, head of State-owned Assets Supervision and Administration Commission (SASAC), told a press conference on the sidelines of the annual parliamentary session.
The country's 102 central SOEs saw revenues up 15.2 percent to 3.7 trillion yuan in the two months from the same period last year, according to Xiao.
Xiao said the strong growth was a result of reductions in cost and management expenses, which also reflects the stabilization of the national economy.
Total profits of China's central SOEs climbed 0.5 percent year on year to more than 1.23 trillion yuan in 2016, while revenues rose 2.6 percent to 23.4 trillion yuan, SASAC data showed.
Xiao voiced "full confidence" in the performance of China's SOEs this year, but he also warned of economic uncertainties and stressed the need to keep potential risks under control.
China pledged to deepen SOE reform in 2017 in a government work report delivered by Premier Li Keqiang Sunday, promising measures such as introducing a mixed ownership system and more efforts to make SOEs leaner, healthier, and perform better.
GS Zhou
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but that could not stop him making blabla on topics that he has NO knowledge at all!!
cirr
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Foxconn chairman raises uncertainties over building displays for Apple in USA
By Malcolm Owen
Thursday, March 09, 2017, 08:20 am PT (11:20 am ET)
Apple manufacturing partner Foxconn has yet to decide whether or not to proceed with plans to jointly invest in a $7 billion facility in the U.S., with Chairman Terry Gou expressing concerns over government incentives, supply chain issues, and a shortage of skilled labor in the country.
Speaking at an event commencing the construction of a new display panel production facility in southern China, Chairman Gou revealed he had returned from a visit to Washington, D.C., reports Nikkei, though it was not confirmed whether he had met officials in the Trump administration.
Gou questioned whether government officials were capable of attracting foreign investors in a short timeframe. Major projects, such as the proposed Apple-Foxconn facility that relies heavily on investment from overseas, could be put at risk if the government is considered by investors as too slow to be helpful in completing such deals.
"I am concerned as to whether the U.S. can resolve all the investment issues in only a few months' time," said Gou. "Does the U.S. offer incentive programs for foreign investors? They'll need to pass bills first, and we'll need to wait for American authorities to make a decision first."
Gou also claimed the U.S. lacked the supply chains and skilled labor required for display panel production, which would be the main focus of the proposed facility. A lack of a skilled workforce and the inability to acquire materials would give the U.S. a considerable disadvantage when attempting to attract investment, whereas China's existing manufacturing industries already have the supply chains and the eager workforce in place.
Despite the drastically different manufacturing environments, Gou is still keen to work with both the United States and China for production, and does not wish to "see a trade war happen" between the two. "I am not willing to choose between [the U.S. and China], why should I give up on any market?"
The chairman does still hope the "top two economies in the world" can work together peacefully. "I can forsee that the two will eventually work together to grow [their] economies and deliver beneficial outcome for many. If they don't, then everyone will be losers."
The Apple-Foxconn facility in the U.S. is believed to potentially create between 30,000 and 50,000 jobs, with the higher cost of production thought to be a better option than paying to import display panels from China. A second molding plant is also on the cards, with Pennsylvania thought to be a possible location for the facility.
The talks of increased manufacturing in the U.S. is likely to be a response to campaign promises of President Donald Trump, to increase domestic job opportunities by driving companies to manufacture goods in the country, including Apple. Part of the campaign involved threats to make it more expensive for companies to import their goods from abroad, including Mexico and China, while also hinting at concessions on land and electricity, as well as tax, to encourage home-grown production efforts.
Other Apple suppliers have also expressed an interest in bringing manufacturing to the United States, because of Trump's policies. Sharp, owned by Foxconn, and chip maker Taiwan Semiconductor Manufacturing Co (TSMC) have also been linked to potential manufacturing investments.
http://appleinsider.com/articles/17...nties-over-building-displays-for-apple-in-usa
By Malcolm Owen
Thursday, March 09, 2017, 08:20 am PT (11:20 am ET)
Apple manufacturing partner Foxconn has yet to decide whether or not to proceed with plans to jointly invest in a $7 billion facility in the U.S., with Chairman Terry Gou expressing concerns over government incentives, supply chain issues, and a shortage of skilled labor in the country.
Speaking at an event commencing the construction of a new display panel production facility in southern China, Chairman Gou revealed he had returned from a visit to Washington, D.C., reports Nikkei, though it was not confirmed whether he had met officials in the Trump administration.
Gou questioned whether government officials were capable of attracting foreign investors in a short timeframe. Major projects, such as the proposed Apple-Foxconn facility that relies heavily on investment from overseas, could be put at risk if the government is considered by investors as too slow to be helpful in completing such deals.
"I am concerned as to whether the U.S. can resolve all the investment issues in only a few months' time," said Gou. "Does the U.S. offer incentive programs for foreign investors? They'll need to pass bills first, and we'll need to wait for American authorities to make a decision first."
Gou also claimed the U.S. lacked the supply chains and skilled labor required for display panel production, which would be the main focus of the proposed facility. A lack of a skilled workforce and the inability to acquire materials would give the U.S. a considerable disadvantage when attempting to attract investment, whereas China's existing manufacturing industries already have the supply chains and the eager workforce in place.
Despite the drastically different manufacturing environments, Gou is still keen to work with both the United States and China for production, and does not wish to "see a trade war happen" between the two. "I am not willing to choose between [the U.S. and China], why should I give up on any market?"
The chairman does still hope the "top two economies in the world" can work together peacefully. "I can forsee that the two will eventually work together to grow [their] economies and deliver beneficial outcome for many. If they don't, then everyone will be losers."
The Apple-Foxconn facility in the U.S. is believed to potentially create between 30,000 and 50,000 jobs, with the higher cost of production thought to be a better option than paying to import display panels from China. A second molding plant is also on the cards, with Pennsylvania thought to be a possible location for the facility.
The talks of increased manufacturing in the U.S. is likely to be a response to campaign promises of President Donald Trump, to increase domestic job opportunities by driving companies to manufacture goods in the country, including Apple. Part of the campaign involved threats to make it more expensive for companies to import their goods from abroad, including Mexico and China, while also hinting at concessions on land and electricity, as well as tax, to encourage home-grown production efforts.
Other Apple suppliers have also expressed an interest in bringing manufacturing to the United States, because of Trump's policies. Sharp, owned by Foxconn, and chip maker Taiwan Semiconductor Manufacturing Co (TSMC) have also been linked to potential manufacturing investments.
http://appleinsider.com/articles/17...nties-over-building-displays-for-apple-in-usa
Bussard Ramjet
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Incorrect. There are not hundred failures.
Secondly, I am not talking about banks funding startups.
I am suggesting that banks should first form a big venture fund, that operates like other venture funds.
Second, after seed and A stages, banks can themselves fill in.
Just so that you know, backing good private companies, with a track record of success, is far far better than backing SOEs, who rely totally on government favor for everything.
TaiShang
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Indeed, in terms of supply chain and logistics, the US cannot match China. Honhai is better stay focused on their state-of-the-art facility being built in Nanjing and increase investment in fast growing western China.
To be in China not only allows to utilize manufacturing chain in China but also in Northeast Asia.
