Reuters — No place like home: Chinese firms stung by trade war build up domestic brands

Summary:
Trump wants to bring the jobs home. That means huge capital investment, ramp up of facilities, training workers, etc. All China has to do is redirect production from exports to domestic consumption, which will simply requires increasing domestic demand. The obvious way to do this is to reduce saving and increase spending by expanding social welfare, which an objective of the CCP anyway. And it's in the 5-year plan to shift emphasis from external to domestic and to gradually increase the ratio of consumption to investment to level consistent with a middle-income nation.China must now deal with the Lewis turning point by working smarter rather than harder to increase productivity, and China is already a leader in robotics, AI, quantum computing, and other advanced technology. So China is

Topics:
Mike Norman considers the following as important: China

This could be interesting, too:

Michael Hudson writes China: Local Flowers Bloom

tom writes Europe’s foreign policy has been hacked and the consequences are dire

tom writes The corruption of US foreign policy & weaponization of antisemitism

Michael Hudson writes Understanding America’s Post-Industrial Economy