Florda_mike said:
Limited IQ Redneck in PU said:
Doc Holliday said:
BearFan33 said:
I'm concerned that we don't know if the numbers coming from China are accurate. China does seem to be taking pretty dramatic measures in attempt to stop the spread. That is reassuring and also kind of scary. If their numbers are accurate, the mortality rate doesn't seem too high. I have heard some people say corona virus tends to dissipate in the spring. So we can hope for that.
The Chinese lie about everything.
Chinese businessmen are notorious for not fulfilling their obligations after saying they will to your face.
Integrity and honesty is not part of their culture like English common law is, so it wouldn't surprise me if they are downplaying this thing.
lol
Hey LIQ, how many businesses have you started in China?
Zero?
Ok then, do you know the business model if an American wanted to open a business in China? Would the Chinese be his "partner" in the business? How much of the business would the Chinese own? How much business integrity and respect would the Chinese have for the American in this arrangement? Would they try to steal the business from the American in any way? Would they ever steal the business idea? Would they steal the business technology?
I can speak to this with some personal experience.
I worked for an international corporation which manufactured and distributed oilfield and pipeline equipment for nine years. During that time I often dealt with our foundry and factories in China. Chinese law allowed us to own and operate our foundry and factories as subsidiaries of our US corporation, but required us to partner with a Chinese business for our distribution and sales from China, especially our shipments through the port of Shanghai. For comparison, our Italy subdivision was allowed to sell and ship from Italy, but we were prohibited from manufacturing product in Italy - only Italian-owned companies were allowed to manufacture oilfield and pipeline equipment. The point is, there is a degree of protectionism in pretty much every country, and it's important to know the territory before you enter there as a business.
It is true that there are individuals and companies in China which will try to steal IP, especially patents and entertainment tech. That's been ignored by China for a long time, but there are moves to improve enforcement. The point there is that the government is not doing that nearly so much as they have been slow to chase down crooks. There is an amusing case of a Chinese company which built a pick-up based on stolen designs from the Chevy Colorado, but when Chevy changed the truck in 2012, the Chinese company was unable to keep up, and has become something of a joke in the industry.
The real trick with China is cash migration. China wants.
very much, to keep hard cash in the country. That means you have no problem getting permission to upgrade your facilities and make capital expenditures, but moving money out of China is a lot more complicated. It's not unlike a casino - the PRC has to let
some money leave China, in order to bring in new investors, but China wants to make sure the net movement is in their favor. This is where it really helps to have contacts in the PRC who can provide insight.
With all that said, the Coronavirus is a very big embarrassment to China. China has been working hard to build a first-world-nation image for decades, and this epidemic is hitting China across the board. Some experts are already saying this crisis will damage China's GDP for 2020 by a full quarter - imagine a crisis which damaged the Us Economy by around $5.5
Trillion dollars, and you can see how big a deal this is to Beijing. The bad news is that Wuhan officials were very slow to react to the initial outbreak, and so we are playing catch-up on things like the incubation period, and how long the virus can live on surfaces like handles and counters.
The good news is that the Coronavirus appears to be only mildly contagious and is less lethal than most other viruses. Coronavirus is a respiratory virus similar in character to the flu we fight every year, with an incubation period of 5.2 days, and the virus is unable to travel more than 6 feet through the air, indicating that precautions like masks and avoiding direct physical contact will be effective in preventing exposure for most people. Clinical trials are underway using a variant of the treatment which proved effective against the SARS virus.
https://www.nejm.org/doi/full/10.1056/NEJMoa2001316https://www.nytimes.com/interactive/2020/world/asia/china-coronavirus-contain.htmlhttps://time.com/5776682/coronavirus-drug/There are eleven confirmed cases of the Coronavirus in the United States, and fortunately none so far have been fatal cases.
https://thehill.com/policy/healthcare/public-global-health/481136-us-coronavirus-cases-count-jumps-to-11-with-three-more That which does not kill me, will try again and get nastier