General > General Technical Chat
How can governments ensure all companies get equal access to China?
dmills:
I had good luck with both Bela (for shorter run things), and Microtec (for bigger runs), but there is clearly way too much free money out there because some folks who really should have gone bust have not.
ALS (Layout house) and ASK (Quick turn prototype specialists) also get a worthy mention.
coppice:
--- Quote from: Simon on April 18, 2020, 05:22:56 pm ---I think treez borders on being a conspiracy theorist complaining about things that are not. there is actually a reasonably active Uk sector where prices allow. If you want to know why we don't make big volumes here the answer is obvious and you should contact your MP about proposing bills to to put import tariffs on the countries you don't like.
--- End quote ---
If you think tariffs are your best route to growth you are already in a death spiral.
Simon:
--- Quote from: coppice on April 18, 2020, 05:46:35 pm ---
--- Quote from: Simon on April 18, 2020, 05:22:56 pm ---I think treez borders on being a conspiracy theorist complaining about things that are not. there is actually a reasonably active Uk sector where prices allow. If you want to know why we don't make big volumes here the answer is obvious and you should contact your MP about proposing bills to to put import tariffs on the countries you don't like.
--- End quote ---
If you think tariffs are your best route to growth you are already in a death spiral.
--- End quote ---
I am no financial expert but I understand that china keep their currency intentionally devalued to favor exports. As a country that is largely self sufficient it can do that and make trade with it cheaper. How do you "fight" that? When the UK voted to leave the Eu and the GBP plumeted in value many companues reported an increase in sales because they were exporting out of the UK and their prices suddenly got cheaper. I raised my prices as it meant that my imports from Dave went up in price but my export price outside of the Uk remained the same. If i were selling Uk manufactured goods i would have been laughing.
SiliconWizard:
--- Quote from: Simon on April 18, 2020, 05:51:40 pm ---I am no financial expert but I understand that china keep their currency intentionally devalued to favor exports. As a country that is largely self sufficient it can do that and make trade with it cheaper. How do you "fight" that?
--- End quote ---
That is right. Currencies play a big role. It's not a simple matter though, as the balance of trade influences the currencies exchange rates, and conversely.
But any country that can freely "play" with the value of its currency is advantaged as far as the BOT is concerned. Countries in the euro zone have it tougher for that reason (even though it can bring other benefits).
coppice:
--- Quote from: Simon on April 18, 2020, 05:51:40 pm ---I am no financial expert but I understand that china keep their currency intentionally devalued to favor exports.
--- End quote ---
During the Asian financial crash of 1997 China was greatly praised by the west for taking a huge hit by keeping the Yuan stable, while most other Asian currencies sank. It was a big hit. Lots of people lost their jobs, and many never returned. It was the start of clothing production looking for cheaper labour, like Bangladeshi children. Since then western pundits have alternatively complained about China artificially keeping the Yuan high or low. Mostly what they have done is keep it relatively stable, because stability is what a heavy exporting country needs. Not rock steady against the US dollar, like the HK dollar is locked, but fairly stable. Financial people are endlessly manipulating even the largest countries. Its hard to tell the full picture.
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