I predict China will start nationalizing foreign co’s especially hi-tech firms so they can’t leave.
“I predict China will start nationalizing foreign co’s especially hi-tech firms so they can’t leave.”
I think you are right. They dress it up, and re-phrase what they call it, but they have already been doing some of that in effect, over the last few years.
When South Korea deployed the THAAD Air Defense system, China retaliated against Korean businesses in China. The Koreans have been pulling out ever since, and the communists have found many ways to take money and assets from them, and have tried to keep the businesses running under Chinese private or Government management.
Foxconn and their Japanese partner recently announced that they were planning to sell their massive new video screen factory in ShenZhen. It was the most expensive single facility ever built there, and was just months from its projected start date. The Government is talking about making the production start somehow, nevertheless. It may become the flagship of a new round of more outright nationalizations.
When push comes to shove, the “Mr. Nice Guy” friendly Panda mask is going to come off, and the true face of the communists who run the world’s largest concentration camps, and harvest the organs of political prisoners for personal profit, is likely going to be seen.
I don’t know. If they do that, NOBODY will invest in China for a long time because of the high risk of their property being stolen by China.
“I predict China will start nationalizing foreign co’s especially hi-tech firms so they can’t leave.”
that would permanently doom foreign manufacturing in china ... the chinese are smart people, so that would never happen ...
not to mention,that “nationalizing” something doesn’t prevent the companies and foreign personnel from leaving, all it does is grab some manufacturing equipment that will soon be obsolete ...
Venezuela is the perfect example of what happens when a country “nationalizes” foreign assets ...