- Africa is the new outsource capital for China, and this will increase more after the blood moons.
- Mass Migration of believers to America from the rest of the world as persecution madness begins.
- We pray against Demonic Confederacies out to use End times to destroy God's People.
- We pray for all kinds of Israelites scattered across this earth to be gathered up. Not for a rapture, but to be gathered here in the wilderness of America to be held until the right time.
Ezekiel 20
34 And I will bring you out from the people, and will gather you out of the countries wherein ye are scattered, with a mighty hand, and with a stretched out arm, and with fury poured out.
35 And I will bring you into the wilderness of the people, and there will I plead with you face to face.
36 Like as I pleaded with your fathers in the wilderness of the land of Egypt, so will I plead with you, saith the Lord God.
America is a Sodom and Egypt.There will be a leader here in America that will make an Israelite only (Believer) Immigration policy. Why So?
- India- Indian Elamite believers will want to escape to not become trapped between the inevitable Muslim Hindu Race War.
- China will have Zero Tolerance Policies against believers.
- Russia (The Eurasian Union) is going to become a White Nazi Sate with a new Czar who will at first seem friendly, but then turn against you. This was no different than the Nazis of old who used the believers in the beginning with the ultimate goal of taking them out.
In America persecution will start off frm the Government, but there will be a Revolution. Then persecution will come those in America who don't believe. Of course, enabled secretly by the Government.
China's New Worry: Outsourcing
Chinese officials have a new concern: outsourcing. So they’re “encouraging” companies in the southern and eastern parts of China, where wages and other production costs are highest – Guangdong, Jiangsu, Shanghai and Zhejiang, in particular – to move their production facilities inland, where costs are lower, rather than outsourcing to countries such as Vietnam.
The new reality confronting China is the world Jim Hemerling, Arindam Bhattacharya and I described in our 2008 book Globality. It’s a world, as China is perhaps unexpectedly now realizing, where everyone from everywhere is competing for everything. Outsourcing in this world, the Chinese are learning, is not a one-way street.
The world of “globality,” where nothing is permanent and everything is in play, is no stranger to Western multinational executives or to economic historians.
The decisions Chinese factory bosses are being asked to make today are not dissimilar from the choices U.S. apparel and textile manufacturers had to make after World War II, when many prominent companies – with deep roots in New England and elsewhere in the Northeast – realized that economic necessity required them to relocate to the low-cost South. And even that was only temporary. The next move was overseas.
During the following decades, U.S. factories making cheap “tchotchkes” abandoned the United States, many of them moving production to what was then low-cost Japan. Other companies followed suit. Japanese manufacturing got more sophisticated and Japanese automakers and consumer electronics firms were soon challenging – and sometimes outperforming – America’s best.
Later, the pattern repeated itself, only this time the Japanese were being challenged… by South Korean and Taiwanese companies. And more recently, China moved into the picture.
Now Chinese businesses are realizing the appeal (or feeling the sting, depending on your point of view) of outsourcing, sending factory jobs to Vietnam and other lower-cost Asian countries, to Mexico – which combines low costs with proximity to the lucrative U.S. market – to Africa, and now even to the United States itself.
Like every other country that has tried to insulate domestic manufacturers from foreign competition, China’s efforts in this regard probably will prove futile in the long term. Companies, if they are free to do so, all else being equal, will manufacture where the costs are lowest.
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While this may slow domestic job creation and harm those workers who lose their jobs as a result, producing goods at the lowest possible cost is a boon to consumers, who benefit from lower-priced goods.
The Chinese, of course, can slow the outsourcing process because the Chinese government has the power and authority to call the shots. It can compel Chinese companies, especially China’s many state-owned enterprises, to stay where they are or go where the leadership wants them to go. It can prop up domestic industry with subsidies and preferred loans, by devaluing the currency, and by erecting non-tariff barriers to foreign competitors seeking to establish beachheads in China. The Chinese government also controls the flow of most capital. As the 2016 Index of Economic Freedom notes, “The government owns all large financial institutions, which lend according to state priorities and objectives.”
All this is true. But it probably can’t stop Chinese outsourcing altogether, not in the long run. As Chinese manufacturing segues from its predominantly export-oriented focus to a more domestic-oriented, consumption-based focus – currently a work in progress – Chinese consumers will have more to say about quality and price. They will, in effect, demand the products they want at the lowest possible price, even if means making those products in Bangladesh, Botswana, Brazil, Ethiopia, the Philippines or Vietnam.
Chinese manufacturers are ratcheting up the quality of their goods, just like the Japanese, Taiwanese and South Koreans before them. As Chinese companies move from low-end to higher-end manufacturing, it should surprise no one if outsourcing becomes as common in China as it is in the West.
China's Economic Growth: Cause, Pros, Cons, Future
It's Good That China's Growth Is Slowing. Really.
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China's economy has enjoyed 30 years of explosive growth, making it the world's largest. Its success was based on a command economy that drove growth through government spending.
China's economy is measured by its gross domestic product. In 2017, growth was $23.12 trillion, the largest in the world. That's 6.8 percent more than in 2016. The target for 2018 is 6.5 percent.
China's growth rate has slowed since the double-digit rates before 2013. Its economy grew 7.7 percent in 2013, 7.3 percent in 2014, 6.9 percent in 2015, and 6.7 percent in 2016.
Causes
China fueled its former spectacular growth with massive government spending. The government owned strategically-important companies that dominated their industries. It owns the big three energy companies, PetroChina, Sinopec, and CNOOC. They are less profitable than private firms. They return only 4.9 percent on assets compared to 13.2 percent for private companies. But they allowed China to direct them to high-priority projects.
China requires several things of foreign companies who want to sell to the Chinese population. They must open factories to employ Chinese workers. They must share their technology. Chinese companies use this knowledge to make the products themselves.
The People's Bank of China, the nation's central bank, tightly controls the yuan to dollar value. It does this to manage the prices of exports to the United States. It wants them to be a little cheaper than those produced in America. It can achieve this because China's cost of living is lower. By managing its exchange rate, it can take advantage of this disparity.
Advantages
China's growth has reduced poverty. Only 3.3 percent of the population lives below the poverty line, set at 2,300 yuan. China has 20 percent of the world's population. As its people get richer, they will become bigger consumers. More companies will try to sell to this market, the largest in the world. They will tailor their products to Chinese tastes.
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Growth is making China a world economic leader. China is now the world's biggest producer of aluminum and steel. Exports rose 25 percent in 2015.
Chinese tech companies quickly became market leaders. Huawei is the world's top cellular-equipment maker. It is quickly becoming a world leader in developing 5G technology. Lenovo is a world-class maker of personal computers. Xiami is China's No.1 smartphone brand.
Disadvantages
Government spending created a total debt-to-GDP ratio of 260 percent. This include government, corporate, and consumer debt. Since the state owns many corporations, it must be included. The consumer debt may have also created an asset bubble. Housing prices have skyrocketed as low interest rates fueled speculation. High growth levels have come at the cost of consumer safety. The public has protested pollution, food safety scandals, and inflation.
It also created a class of ultra-rich professionals who want more individual liberties. They primarily live in urban areas, since that's where most of the jobs are. In 2017, almost 60 percent of the population lived in urban areas. In the 1980s, it was just 20 percent.
Local governments are charged with providing social services, but aren't allowed to tax locally to fund them. As a result, families are forced to save because China doesn't provide benefits for people who've moved from the farms to the cities to work. Interest rates have been low, so families don't receive much return on their savings. As a result, they don't spend much, keeping domestic demand low.
Future Growth
To move forward, China needs more innovative companies. These only come from entrepreneurship. State-owned companies make up 25 percent of total industrial output, down from 75 percent in 1970. However, China must do even better.
The “Made in China 2025” plan recommends advances in technology, specifically big data, aircraft engines, and clean cars. China has become a world leader in solar technology. It is cutting back on steel and coal production.
The worst risk is the ticking time bomb within the nation's financial system. Banks are state-funded and owned. This means the government sets interest rates and approves loans. They pay low interest rates on deposits so they can lend cheaply to state-owned businesses. As a result, banks have channeled government funds into an unknown number of projects that may not be profitable.
Bank loans are nearly 30 percent of the economy. One-third of these may be the "off-balance sheet" loans that aren't regulated. They are above the lending limits set by the central government. If interest rates rise, if growth slows too fast, if the government cuts back on stimulus, these loans will probably default. That could set off a collapse in China similar to the 2008 financial crisis in the United States.
China's leaders now walk a fine line. They must reform to remove asset bubbles. On the other hand, as growth slows, the standard of living may fall. This could cause another revolution. People have been willing to turn over personal power to the state only in return for rapid increases in personal wealth. China's leaders must reform the economy or it will ultimately collapse.
Leaders must take steps to boost domestic demand from its 1.37 billion people, so it can rely less on exports. It must diversify into a more market-based economy. This means relying less on state-owned, and more on privately-owned, companies to reap the rewards of a competitive environment.
One way it is doing this is by boosting investment in China's stock market. That allows companies to rely less on debt, and more on selling stocks, to fund growth. It also helps the tech companies that are listed on the Shenzhen exchanges. China recently installed the Connect program between the mainland exchanges and the Hong Kong stock market.
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