And it begins - Communist China's painful lesson

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From the South China Morning Post:

Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus
Japan has earmarked US$2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners.

The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen (US$2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online.

Much more (including numbers) at the site

Having a cheap source of manufacture is no good if it comes with these kind of strings attached. We do not need to be supporting a tyrannical government with our desire for the latest cheapest tech.

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This page contains a single entry by DaveH published on April 9, 2020 2:42 PM.

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