How Business Entertainment Events Drive U.S. Brand Growth

It's not. Look at what the United States did to China. Companies from China, especially high-tech ones, have been hit with just about everything. First hit by this attack were Huawei and ZTE. Now the tech industry is on its way to becoming self-sufficient. With 140 Chinese companies on the list, US tech companies can no longer sell to them. The US keeps putting high taxes on goods from China, which is another example of Trump's arrogance toward China.FDI into China is now higher than FDI into the US. This is what the business world has already agreed. The US has been the best place for foreign investors up until 2020. It looks like everyone in the world has changed their minds. The American Chamber of Commerce polled its members today and found that 70% of them want to spend more in China.These things happen because China's economy is still growing and could become two to three times bigger than the US market. China now has more store sales than the US.

Foreign Affiliate Sales (FAS) in the US are more than the trade imbalance by at least $150 billion.

When you add in US exports, the companies in the US have a balance of about $300 billion. Trump decided to only talk about the trade deficit in goods. He didn't pay attention to the $40 billion trade advantage in services or the fact that trade between the US and China was growing the fastest. He didn't pay attention to FAS, which is made up of US companies and their Chinese affiliates (subsidiaries) that sell to the Chinese home market. They stay in China and grow there because it will soon be the world's biggest market for goods and services.During the pandemic, the US consumer market grew, but a lot of that growth was due to goods from China. The trade imbalance has not gone down since Trump declared war on China and put 30% tariffs on their goods. First US importer, worried about the tariffs, bought too much inventory in the hopes that the duties would only last for a short time. The trade imbalance kept going up after that stock was sold off, and it is still going up today. Americans can't get enough of Chinese goods.In China, there are still almost no cases of the virus as we move into the second half of 2021. Almost all illnesses come from other countries, and when they do, they are quickly stopped from spreading in the United States. In the US, there are still an average of 180,000 new cases and more than 1,000 deaths every day.

The US still wants to open up, though

People are having a hard time finding work in the service industry because of the pandemic. Because there aren't enough semiconductors, the auto business has stopped all together. Though the US is hurting its biggest chip market and China is still rising, you can thank Trump and Biden for putting limits on the Chinese. China made only 12% of the world's chips two years ago. That number is now 37% and going up. China makes more than a billion microchip chips every day, and by the end of the year, they plan to have 30 more foundries up and running. China has made 50% more semiconductors year over year in the first half of 2021.One of the few big economies that will have growth in GDP in 2020 is China. The United States went down. All of these are pieces of information about the growth and direction of businesses and industries. American companies that went to Vietnam and Thailand to do business instead of the U.S. because of Trump's taxes now regret their choice because these Southeast Asian countries are experiencing a huge rise in pandemic infections that are crippling their manufacturing sectors.

The future is not clear for the US

When it only sold electronics and software to China, it hurt itself. China is now moving very quickly toward self-sufficiency.China produces eight times as many STEM students as the US. Because it is hard for Chinese STEM students to come to the US, both students and workers leave to find work in China. And if that wasn't bad enough, analysts think the number of STEM grads will rise to 15 to 1 by 2030.China is getting ready for its tech boom. Biden has helped American technology grow, but where will the people who work in it come from? 900,000 STEM-related jobs are open right now, but no one is applying. Amazon just said that it wants to hire 55,000 more tech workers. Good luck, Amazon.Would you invest in the US if you knew that the tech industry would run the world in the future.As China makes more of its own semiconductors in the future, it will have a supply line that stays within China. Over the next few years, China's economy will continue to grow as the country works to boost internal consumption and trade along the Belt and Road Initiative (BRI).

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