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Q: Are chinese employers generous or...?
I'm just wondering why is there always too many waiters/employees at coffee/bars/restaurants/hotels/....
so many times I've gone to place where they seem to be little customers yet the owners seem to always have many employees.
is it show off? miss calculation? ?? I am wondering lol
Govt subsidies , one thing China has right is their push to keep their people working as opposed to back home , paying people to not work and paying companies to ship jobs overseas
The cost of labor is kept low and needs are kept low in cost with trade imbalance surpluses giving the government the financial assets to subsidize the system.
As this changes though, labor costs rising, dependency on more expensive food from higher labor countries imported, factories leaving, all bets are off the table for the consequences and may be the reason the CCP is ordering some debt ridden companies to liquidate foreign holdings and stop some overseas buyouts. They need to get deleveraged and bring the money home before the house of cards becomes a trash pile.
ambivalentmace:
https://www.yahoo.com/news/us-treasury-sanctions-chinese-bank-illegal-n-korea-190622240.html
If this continues and America halts business with the "bank of China" for supporting North Korea, money will never be allowed to leave China, hold on to your dollars just in case. Trump does not play by the same rules as everybody else.
