China’s economy imploding

 

Impact of China’s economy imploding

 

Yes, but impact wise individuals, families and most businesses are better equipped to handle this situation. 

 

Only mega projects, hyped promises, hyper imaginations will suffer. The mini-Islands within USA ( like Singapore) of high valuation funding and wealth management juggling operations will take a hit and they may affect the GDP figures, create recession on paper but may not impact too much the common man.

 

Besides, post COVID, the good thing that has happened is that most of the China based manufacturing activities have already moved away and have created smaller hubs of manufacturing facilities and business friendly hubs in other countries where both the raw materials as well as cost effective skilled manpower and cheap labour have been noticed. In fact, many countries like Vietnam, Bangladesh, Mexico ( in certain areas), Phillipines have benefited from this. 

 

Three big players who ought to have benefited in a much bigger way than they have or claim to have, have in real terms fallen short. 

 

They are USA, INDIA & SOUTH KOREA.

 

USA& INDIA proportionate to their size, in addition, USA using its strategic geopolitical power and South Korea its technological advancements. 

 

The moment lockdowns set in, at least, post first wave, USA & INDIA should have started working on creating facilities for SEMI-CONDUCTOR manufacturing units in their turf with the help of Taiwan. 

 

Both failed to act in time and are now regretting. 

 

Of course, even now for USA to create facilities is child's play and bring in technologies and qualified work force from Taiwan and/or go in for strategic business tie ups with Taiwanese chip manufacturers is easy. 

 

All three can have strategic business and manufacturing facilities alliances with Israel ( which has developed and always does so, independent of others).