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| Economy |
| American Companies Are Leaving China |
| 2020-04-08 |
| Posted by:g(r)omgoru |
| #11 Mr. Wife’s company’s Indian factory was in Bhopal, as I recall, with national headquarters in Mumbai. It was in Bhopal that he experienced amœbic dysentery, after a year of traveling to India without any health problems whatsoever. At any rate, he told me that the so-called gas leak was actually sabotage by an employee who opened the stopcock, knowing what would happen. As far as I am aware, Mr. Wife’s factory never any problems like that. What's worse is that India's regulations prevented the Union Carbide head office from supervising or disciplining local staff, while making UC responsible for their foibles. There was a long series of articles in the Wall Street Journal documenting this. This, along with Nokia's and Enron's catastrophic ventures there, are why foreign investors that aren't interested specifically in entering the fairly small Indian market don't make anything there. And if they make anything there, it's usually exclusively for the Indian market. Because, as Nokia found out to its cost, the Indian government will attempt to seize a chunk of your profits from exports to other markets. For Nokia, its Indian venture wasn't simply a complete loss (to zero) of everything it invested there, it ended up paying hundreds of millions of dollars to the Indian government. India's per capita income is at African levels for a reason - its government has near-African levels of corruption, without African levels of mineral resources. If not for the talent of its people, India would be going through famine after famine. |
| Posted by: Zhang Fei 2020-04-08 23:05 |
| #10 ..about that. Mr. Wife’s company’s Indian factory was in Bhopal, as I recall, with national headquarters in Mumbai. It was in Bhopal that he experienced amœbic dysentery, after a year of traveling to India without any health problems whatsoever. At any rate, he told me that the so-called gas leak was actually sabotage by an employee who opened the stopcock, knowing what would happen. As far as I am aware, Mr. Wife’s factory never any problems like that. |
| Posted by: trailing wife 2020-04-08 22:10 |
| #9 There is another country in Asia with 1 billion+ population that is not run by Communists. They should all consider moving to India. Only if they want to lose their shirts. India is almost the last place they should be looking. South Sudan is worse, for other reasons, but not by much. |
| Posted by: Zhang Fei 2020-04-08 20:59 |
| #8 ..about that. |
| Posted by: Procopius2k 2020-04-08 18:50 |
| #7 There is another country in Asia with 1 billion+ population that is not run by Communists. They should all consider moving to India. |
| Posted by: Tom 2020-04-08 17:50 |
| #6 GM to build 30,000 ventilators for national stockpile through $489.4 million contract under Defense Production Act |
| Posted by: Skidmark 2020-04-08 15:32 |
| #5 I thought I read somewhere that 7 out of 10 cars produced by |
| Posted by: Clem 2020-04-08 12:57 |
| #4 Transshipping through SE Asia and Central America with new labels. |
| Posted by: Procopius2k 2020-04-08 12:48 |
| #3 If they aren't leaving they deserve what they get down the road. |
| Posted by: DarthVader 2020-04-08 11:13 |
| #2 American companies can't move product out of China and are forced to move to a second source or die... |
| Posted by: rjschwarz 2020-04-08 10:48 |
| #1 American companies are making PR moves to fool people into believing they are leaving China. /fixed |
| Posted by: M. Murcek 2020-04-08 10:40 |