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Chinese Manufacturers Relocating Operations to Other Countries to Avoid Tariffs on Exports
A few days ago, we wrote about how Vietnamese customs were planning to clamp down on Chinese manufacturers importing and repackaging their products before sending them to US and European markets in a bid to avoid tariffs. While that story only explored illegally repackaged products, there are some Chinese manufacturers moving their operations outside the country to bypass the hiked tariffs. As Trump continues to hike tariffs on Chinese manufactured goods, companies are considering relocating to alternate, cheaper locations like Myanmar, Vietnam and Cambodia. In addition to the ongoing tariffs war, higher wages and a labor crunch in China have fueled this decision for relocation. Cheap and abundant labor makes Myanmar an attractive destination for Chinese companies looking to avoid tariffs and maintain their bottom lines. According to data from the country’s Directorate of Investment and Company Administration, in the 12 months till April 2019, Chinese projects have invested $585 million in Myanmar, fueling a significant expansion of its industrial sector. Check out our free forex signals Follow the top economic events on FX Leaders economic calendar Trade better, discover more Forex Trading Strategies Source: https://www.fxleaders.com/news/2019/06/27/chinese-manufacturers-relocating-operations-to-other-countries-to-avoid-tariffs-on-exports/
Hey all, I saw the posts that you all have been posting about. I'll answer some questions to clear the air first.
Q. Where has Gritt been?
A. Admittedly, not around enough. Been quite busy with a marriage a year ago which led to a break in the digital currency field. Further more, we just had our first baby last Friday. Also, some of you may be aware that I have been helping out on the Clubcoin project with sinetek for a group associated with the Bitclub Network.
Q. What's in Blackcoin's future?
A. The community. It has, and always have driven Blackcoin. Now, I have taken a step back on many things in regard but I do see a lack of community leadership to glue everyone and everything together. I do plan on making the effort back into this now that I can worry less about everything that I have been worried about. I get it, I have said that many times in the last year but life kept throwing balls at me that made it difficult to focus. Moving Foward First, join the fresh new Slack: https://slack-blackcoin.herokuapp.com Or, the IRC @ Freenode; #blackcoin EDIT: Apparently people are claiming that I am trying to split the community via a new group? What? Ehm, no that wasn't my intention. I just firmly believe that Slack is a better means of communication. Was planning on putting together a bot to bridge the two. Of course, for Blackcoin to continue there needs to be a form of rewards program and community drive, so to speak, to get money flowing into projects again as a form of incentive. Everyone involved needs to make a commitment and in my eyes, they need to see more rewards back into their pocket. Not just charity. We all have thrown money into projects thinking that it will return the profit in the form of the price going up. Many times, this wasn't the case as history has shown. It ended up with people frustrated and leaving. I have been speaking to Sujoy on quite a few ideas on how people can earn money on their investment within Blackcoin of which will not only help development, but it will also bring a ROI to your pocket. At first, this will start to drive development, attract people to Blackcoin, which will further increase the price. So, how can this be done? Through a variety of investments in things outside of Blackcoin that are handled by people experienced in those fields. Sujoy for instance, is a pro at Forex trading in my eyes. He would be able to take money in BLK and translate it into USD for Forex trading purposes and give out a ROI monthly and take a percentage out to pay to Blackcoin development. I averaged how much he is able to earn per month across all of his accounts going back 8 years and it is a staggering 7.4% per month. The banks can't beat that. He is also dedicated completely to it. Sujoy is one person, I'm sure there are others here that have skills in trading Altcoins and will be willing to start pots. Now, of course the question remains is, transparency and trust. You would want this to be completely trust-less. Of course, a DAO would make the most sense. However, I do believe that we may be able to make a platform that overcomes this with a form of reputation system. Kind of old-school BTC-OTC is a possible solution as we build for a better solution. With that, of course there is dzimbeck's BlackHalo which can bridge the gap of trust between people. I encourage people to use this. Think back to starting a business. You won't have all the flashy gear and high-end equipment. You would likely start out with your own two hands and not much automation. As you grow, you start to automate to make things more easier. We as a community need to start with what we can do with our hands as individuals and start think, how can I make Blackcoin better? It can be anything that you are skilled at. We need to build Blackcoin centric organisations and companies. Big or small. They all need capital and we need to show the world that we are the kings of PoS. You vote with your money, not your computational power. A while ago, there was the idea to bridge Peer Shares into Blackcoin aka BLKShares. This should be done. So for the future in terms of economy off the top of my mind are;
Sujoy's Hedge fund with Forex
Gritt's Blackcoin gold & silver fund (local and international). I can convert Blackcoin into gold / silver and back into Blackcoin. There will be proof of reserves.
Gritt's Cambodian local trading reserves (I'm doing about $10,000 in volume right now monthly on my own. I have ideas to expand it and if anyone wants to get involved, I can happily give them a ROI on their investment and keep it completely transparent.)
Gritt's micro financing. I have been dabbling into micro financing on my own to give people money that they need and then earning a monthly interest on it. So far, 100% successful.
Gritt's pay bills with digital currencies in Cambodia. I'm able to take in BTC or any other digital currency, charge a small commission and pay people's bills.
Altcoin / Bitcoin mining, again. This might not be a bad idea to pursue again.
Of course, mine are local (except the gold fund) and I can have been earn ROI and fund Blackcoin development with all those above. Development and Economy have to work hand in hand for Blackcoin. Rat4 does some amazing stuff and there are some amazing projects out there but there are nobody using them. We have the tools, we need the economy to move. So, going forward, I will get together what ever I need to get together for the Blackcoin community.
Twitter & Facebook activity
Proper FAQs and support page
Some form of claimed addresses page with people's ID's. A sort of Blackcoin directory if people want to participate.
Anything really. There are plenty of things that the greater community has worked on. The idea is to bring other altcoins into the Blackcoin economy. As in, people can pay with whatever coin they want to, and they'll get Blackcoin benefits paid out in Blackcoin. Once we have enough things for people to make legit money on, the more we'll attract people. I honestly don't know where and when to end this. I could keep going but I hope I painted the picture. ~ Gritt
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