Y Lots From China
Find China, TX land for sale at realtor.com®. The median listing price of land in China is $300,000. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff plus a processing fee of 0.3464% (minimum $26.79 / maximum $519.76).
It can often seem that whatever you look at around your home has some indicator that it was “made in China”. This includes toys, electronics, clothes and much more. Indeed, it can sometimes appear that almost everything is made in China. There are several reasons for this.
First of all, China has a relatively huge population and this leads to cheap labor. After all, it is better to have a job that doesn’t pay very well than to not have one at all — and jobs are not so easy to come by. Although the labor is also cheap in places like India and Africa, the truth is that the industrial stability of those other countries is very poor. China has a solid foundation in industry and the necessary support for factories to survive. China also has few companies active in research and development, which means the factories are more production lines than anything else. They do not invent or develop much technology which enables these costs to be overlooked and the overall cost of production to fall.
A more controversial view takes into account the prevalence of slave labor in many of the world’s poorer countries. Although China is by far not one of the worst offenders for this, it still happens. Even in recent years children are still being forced into slave labor to save money and lower the costs of production. China has traditionally been very good at hiding its use of slave labor from the rest of the world, which made it very hard to fight against. However, they are getting much better. Still opposing the abolishing of child labor are the views of several powerful politicians in China who firmly believe children should have to do some manual labor. One such example is Feng Shiliang, who declared that schools should not be outsourcing cleaning and maintenance to property management companies. Instead, they should be using the children for this work. This is aside from the fact that some 9% of the eligible adult workforce of China is currently without a job and unable to get one. This is an estimated 18 million unemployed adults.
Aside from this, China has good trading relations with many countries. Many places, including the US, have chosen China as one of their favored supplier nations. This means bulk shipping orders of massive quantities of merchandise can lower the cost even further. If the import of goods from China wasn’t as significant, it also wouldn’t be as cheap. There is also China’s future to consider. Many think that China has great potential for future domestic sales as the economic situation improves. Setting up factories in China will enable them to capitalize on this when it happens. Thus, many factories are opened in China for this reason. At the moment the major domestic industry is cars, but this could change in the near future.
LeBron James spoke out stridently against Rockets GM Daryl Morey on Monday night, calling his tweet in support of Hong Kong’s pro-democracy demonstrations, potentially financially harmful.
However, James may not have been just been concerned about the NBA losing money, he may have been thinking about himself.
Fox Business examined LeBron’s financial dealings and interests with China, and found that the NBA superstar has both merchandising and entertainment ventures that could suffer serious consequences from a prolonged rift with the communist nation.
According to Fox Business:
[LeBron] holds a lifetime deal valued at $1 billion with sports retail giant Nike, which saw its sales in China surge 27 percent to nearly $1.7 billion in its most recent fiscal quarter alone. James’ signature sneaker line is one of Nike’s most prominent offerings.
James’ standing in China could also impact the future efforts of his media production company, SpringHill Entertainment. The firm is producing “Space Jam 2,” the highly anticipated sequel to NBA legend Michael Jordan’s original film, which will seek a massive return from Chinese audiences.
While it may seem incredible that an athlete would have such a strong financial interest in a country, the reality of the situation becomes more clear when viewing it through the prism of Nike itself. According to Fox Business, “Nike earned more than $6 billion in revenue from China during its 2019 fiscal year.”
Such a figure might not only explain James’ harsh criticism of Daryl Morey, it may also explain the deafening silence of fellow social justice warrior and supposed human rights advocate Colin Kaepernick. The former 49er and noted anthem protester has an extremely lucrative deal with Nike as the face of the company’s “Just Do It” campaign, and has maintained complete silence on the NBA-China rift.
Y Lots From China Mainland
Nike has business partnerships with hundreds of athletes around the world. The company’s monster sales in China have essentially resulted in a gag order on scores of high-profile athletes, many of whom are normally outspoken on political and human rights issues.
Nike itself is in a strange and contradictory position.
While branding itself as one of, if not the face of the social justice movement in American sports, Nike has closed several businesses in America and moved their operations overseas to China, and other places with throngs low paid workers. All the while knowing that those jobs won’t bring any added freedoms or free any political prisoners, they’ll only helping to buttress a ruthlessly oppressive regime.
So, not only is Nike making $6 billion a year in actual sales in China, they’re actually making far more when factoring in the money they’re saving by using slave labor in there.
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When Nike inaugurated Colin Kaepernick’s ad campaign, the slogan read: “Believe in something, even if it means sacrificing everything.”
After looking at the company’s financial dealings with China and their silence on the Chinese Communist Party’s human rights abuses, it’s easy to see what they really stand for.
Y Lots From China Wuhan
Follow Dylan Gwinn on Twitter @themightygwinn