Shenzhen flies 600 drones to call out neighboring Hong kong

[beijingwalker]

Shenzhen flies 600 drones to call out neighboring Hong kong

 

[Mista]

Isn't that like last year at the peak of the unrest in HK?

 

[beijingwalker]

Shenzhen's GDP had long overtaken Hong kong's and Shenzhen has more land area and resources, Hong kong could turn into a district of Shenzhen in the future.

 

[Paul2]

Shenzhen flies 600 drones to call out neighboring Hong kong

A truly 21st century way of trolling

I thought they were going to send them flying into HK

 

[beijingwalker]

Shenzhen is technologically more advanced than Hong kong, Shenzhen can do this to Hong kong but Hong kong doesn't have these many drones to do the same to Shenzhen.

 

[Patriot786b2]

Shenzhen is one the worlds if not the "one" city excels in technology and industrial complex.

 

[Paul2]

Shenzhen is one the worlds if not the "one" city excels in technology and industrial complex.

Don't have such a rose image of Shenzhen. The industry in the city has been on the retreat since at least year 2010.

Right now, the number of factories running in the city itself is 1/3 of what it was 10 years ago.

 

[Mista]

Don't have such a rose image of Shenzhen. The industry in the city has been on the retreat since at least year 2010.

Right now, the number of factories running in the city itself is 1/3 of what it was 10 years ago.

But isn't that because the relocation of lower value-added manufacturing to other places?

 

[Paul2]

But isn't that because the relocation of lower value-added manufacturing to other places?

More likely just a closure. Electronics, and machinery is pretty much the definition of high values added goods. Light industries in China other than clothing are super-concentrated in the PRD.

Out of the few industries that moved from the city, most moved to Dongguan, which is just 50km away, and which is not so cheap either, and is rather crowded up too.

 

[Mista]

More likely just a closure. Electronics, and machinery is pretty much the definition of high values added goods. Light industries in China other than clothing are super-concentrated in the PRD.

Out of the few industries that moved from the city, most moved to Dongguan, which is just 50km away, and which is not so cheap either, and is rather crowded up too.

I mean, Shenzhen is going to resemble more like other big cities in advance countries with the service industry making up a larger share of economic output. It's very difficult to retain the manufacturing share of GDP as you move up the economic ladder because there's a limit to the amount of high-paying manufacturing jobs available. Not every industry is getting entirely automated with only highly paid engineers working in it; I'm sure you know more than me since you're in the industry.

It's not just Shenzhen, but also China in general as China moves up the economic ladder. And I don't really see it as a problem as long because most developed countries have the same experience.

The US for example can't have a GDP per capita of $60K+ with 300m+ people if they didn't outsource manufacturing to cheaper countries. For most developed countries, manufacturing makes up less than 20% of GDP.

https://data.worldbank.org/indicator/NV.IND.MANF.ZS?most_recent_value_desc=true

 

[Paul2]

The US for example can't have a GDP per capita of $60K+ with 300m+ people if they didn't outsource manufacturing to cheaper countries. For most developed countries, manufacturing makes up less than 20% of GDP.

US would've had even bigger GDP if they didn't sabotage their manufacturing. Tertiary goods, are products of the secondary economy. If you don't have the former, your potential tertiary economy will be limited by availability of inputs from secondary.

No "high-end" specialist will hang around a city with no factories to manage, or design goods for. The economy is fundamentally a pyramid.

 

[Mista]

US would've had even bigger GDP if they didn't sabotage their manufacturing.

Unlikely. The US has effectively full employment (3%+ unemployment) before the Covid crisis, and their productivity is among the highest in the world. Which means to say, their economy is limited mainly by labor constraints and not because there aren't enough jobs. Otherwise, where will the US find the labor to do those lower-end manufacturing which Trump complained of offshoring?

https://time.com/4621185/worker-productivity-countries/

They can achieve such high levels of productivity (higher than many small countries) because their hyper-capitalistic companies offshored most of the lower value-added manufacturing jobs to other countries. If they tried to do everything themselves, there will be a large opportunity cost of labor and their generally higher educated workforce's economic potential can't be fully realized.

 

[Paul2]

Unlikely. The US has effectively full employment (3%+ unemployment) before the Covid crisis, and their productivity is among the highest in the world.

This is economists' productivity, one that has nothing to do with the real world's one. But year, the GDP itself is an odious metric to use as a reference here.

Which means to say, their economy is limited mainly by labor constraints and not because there aren't enough jobs.

USA has tons, and tons of labour supply, and a very elastic one. It the country with the youngest population in OECD. Read lamentations of people like that Musk guy, about his misfortunes hiring workers for the plant. He has no problem with finding the needed number of workers at all, contrary to that, he complains being flooded with job applications. His biggest problem is hiring good workers.

There are factories in China with higher hourly cash wages than US, those are still a minority, but if you discount for PPP, you see that Chinese factory wages are not so far behind USA's ones.

USA's biggest problem is enormous amounts of moderately well off, educated people, otherwise in their prime, being stuck in jobs like dishwashers, with no good prospects for life.

I myself worked for a guy who tried to open something as simple as a scooter factory with knock-down kits from China in Canada, and then in US. We had no issues getting just any amount of line workers, our biggest problem were specialists. The only guy we found to man our brand of SMT pick, and place was a recent immigrant from China who demanded $80k from the start, and quit after first no-show penalty, an electronics engineer with 5 years experience hired to reshuffle some PCBs was worse than me at that (I don't have any formal education in electronics,) and wanted $100k, QC, line supervisers, tooling engineers were all hard hires, and painfully bad.

They can achieve such high levels of productivity (higher than many small countries) because their hyper-capitalistic companies offshored most of the lower value-added manufacturing jobs to other countries.

Again, you call manufacturing "low value." People who made billions on it would say otherwise.

Manufacturing of manufacturing machinery, electronics, and higher end heavy industries are some the highest added value industries by the definition.

If they tried to do everything themselves, there will be a large opportunity cost of labor and their generally higher educated workforce's economic potential can't be fully realized.

Again, the opportunity cost for them now is their youth being employed in droves by such great value adders like McDonalds, and Starbugs

 

[Mista]

USA's biggest problem is enormous amounts of moderately well off, educated people, otherwise in their prime, being stuck in jobs like dishwashers, with no good prospects for life.

Again, the opportunity cost for them now is their youth being employed in droves by such great value adders like McDonalds, and Starbugs

That's a flawed argument.

These are necessary services which every country, no matter how rich, must have someone filling the jobs. You can't 'outsource' dish-washing or being a waiter to China for example; someone living in the US must do them. If the US can outsource these jobs, they will.

Unless you bring in foreign workers en masse like in Singapore to do them, leaving a higher percentage of locals to do PMET jobs.

Again, you call manufacturing "low value." People who made billions on it would say otherwise.

Like who? The boss who's employing tens of thousands of cheap labor?

Manufacturing of manufacturing machinery, electronics, and higher end heavy industries are some the highest added value industries by the definition.

Not denying that lol.

 

[Paul2]

That's a flawed argument.

These are necessary services which every country, no matter how rich, must have someone filling the jobs. You can't 'outsource' dish-washing or being a waiter to China for example; someone living in the US must do them. If the US can outsource these jobs, they will.

Unless you bring in foreign workers en masse like in Singapore to do them, leaving a higher percentage of locals to do PMET jobs.

If it will be like that, their salaries wouldn't be so pitiful.

And yes, Sing is one rare case of the state intentionally debasing "low end workers" is the class politics play, to keep kids of MBAs, bankers, and wigs voting for PAP.

Tons of quite well off Americans are leaving USA for better work opportunities. Yes, you probably will not see much of people from Silicon Valley, or NYC among them, but those are not completely poor flyover country farmers either. Saying this knowing a number of young engineers from USA working in China.