Since China released Michael Kovrig and Michael Spavor concurrently with the release of Huawei executive Meng Wanzhou it is clear that the Chinese government has no problem grabbing foreign nationals and jailing them on trumped up charges (nearly three years each on espionage here) in a clear case of "hostage diplomacy".
Seriously, why would any company send their employees, or any company's executives go to China for business? Knowing they could be detained unlawfully for political purposes?
Is it just that lucrative?
It seemed to be at one time. No longer. Not for quite a while, already.
That their Government is actually just one more Feudal-System flavour of organized crime isn't all that different from any OTHER Feudal system power bloc.. that's surely not limited to China.
But forget Seamoss and his knee-jerk hooring of all things "Pee are Sea".
The REAL problem NOW is that the sea-freight container biz - and the PORTS - is seriously AFU.
That crimps supply-chain reliability, predictability, and fast turn on the money, just as much as it makes finished goods harder to predict and far more costly to transport.
So even for a Pee-are-Sea hoor, the politics don't much matter when you can't reliably know WHEN you can move materials nor expect finished goods.
Let-alone at what actual cost.
"shipping problems for world economy" will google 87 MILLION hits.
Here are just two:
https://www.bloomberg.com/news/arti...my-s-supply-chain-problem-keeps-getting-worse
No End In Sight For The COVID-Led Global Supply Chain Disruption
Besides the unpredictability, Pee Are Sea ain't either one of cheap nor cooperative no more, even when operating 'normally'. Hasn't been for long years, already.
Bloom is off that rose. And a few others:
Why Evergrande Debt Problems Threaten China - The New York Times
If one MUST "offshore"?
Look for a place with better stability, better predictability, greater advantage as to costs & lead-times.
Europe within "pan Europe".
The Americas within "Pan America".
Asia within Pan Asia.. and Oceania.
China is the world's largest exporter?
Whomever told you that hasn't been reading the actual numbers.
China's domestic market is too large to ignore?
For THEM is surely is!
Not a problem at all "ignoring" it for those more cautious-wise than greedy-stoopid.
China's own mega-billionaires start to bail-out?
What d'yah suppose they already know ... that we ain't yet learnt?
"Diminishing returns happens", mayhap?
Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao’s Socialist Vision - WSJ
Enterprising Chinese want that sort of "retrograde" a great deal less than
anyone else!
But have it they assuredly shall.