China has for decades deliberately designed their economy to provide affordable and quality labor to the capitalist world, and in all of the English speaking world capitalists are free to invest their money however they please wherever they please. Since it is cheaper to produce and import particular similar quality products from China than produce them domestically, that is what the right business move would be to minimize costs to maximize profit.
in all of the English speaking world capitalists are free to invest their money however they please wherever they please.
It’s important to understand that they are not free to invest their money however they please in China. Their investment options are limited by the Chinese state, and they come with strings attached. Those restrictions and strings are what separate China (and Vietnam and Laos) from other Global South countries.
China has for decades deliberately designed their economy to provide affordable and quality labor to the capitalist world, and in all of the English speaking world capitalists are free to invest their money however they please wherever they please. Since it is cheaper to produce and import particular similar quality products from China than produce them domestically, that is what the right business move would be to minimize costs to maximize profit.
It’s important to understand that they are not free to invest their money however they please in China. Their investment options are limited by the Chinese state, and they come with strings attached. Those restrictions and strings are what separate China (and Vietnam and Laos) from other Global South countries.