A couple of days ago one of my family members informed me that this #Covid_19 crisis is forcing multinational companies headquartered in China to rethink their business model and shift their operations out of China. I asked the concerned person where she had come across...

...such news. "Hindi news channels", pat came the reply. I, being a highly skeptical person vis a vis Indian news channels, mansplained her on why the chances of multinational companies shifting out of Xi's China (it's could never be China's Xi) is...
#Covid_19 #PandemicDebate

...in the neighbourhood of 0. But 2day I came across an article on d same subject - big companies mulling over shifting der base from China 2 other countries such as India, Indonesia, Vietnam et al -on ThePrint's website. D Print has my respect but...
#Covid_19 #PandemicDebate

...I disagree dat companies which r headquartered in China wil take der business 2 oder countries in next few years. B4 I give reasons on y I think so let me add a caveat. If, nd it's a big if, popular opinion turn against China den companies will have to shift out...
#Covid_19

...of this Communist-Capitalist country. Having added the caveat let me explain why I think China won't lose business in near future.
(1) The only ethics in business is profit. China is an autocratic oligarchy . The political system in and of China makes conduction...

...of business vry easy. Multinationals dont have 2 think of human rights, acquisition of land is very easy compared 2 democratic countries, labour is cheap etc. Which big company driven by agenda of maximising profit wil leave a country which makes der life too easy?
#Covid_19

(2) China has a population which, by many outside estimate, exceeds 1500 million. Such a huge population translates directly in2 a huge market. China's GDP has increased steadly since early 1990s, which means dat purchasing power of an average Chinese has been continuously...

...on d rise. An increase in PPP leads to an appetite for a good and comfortable life and this reflects in a person's expenditure on luxurious items such as iPhone, sports car, glamorous bikes, hangouts in posh restaurant etc,. Which company in its mind would take the risk of...

...losing such a fecund market to a rival. There are many more reasons which I think will discourage a multinational from uprooting itself from China. Twitter won't forgive me if add more to this thread.
#Covid_19 #ChinaVirus #business