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"And its the same situation facing companies in China. They have...

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sierra

10,702 Posts.

06/04/20

15:45

Post #: 43908517
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Originally posted by Cosmoterios: ↑

Every country relies on Exports, or I should clarify that it is every company relies on new markets (which ultimately is export) to grow.

I will provide an example of my company.

We started out small in Melbourne. Next we expanded into Sydney, Qld and WA. Then Shanghai, KL, Auckland, Dubai and Manila.

Its really Not the country that expand out (as its NOT Australia that is expanding), its my business looking for new markets and growth that is expanding!!!
If we don't grow, we shrink as our competitors will take market share from us. If it continues (shrinking mkt share), we either get eaten up, or go out of business.

Its the same situation for all companies in Australia: have a look at Woolworth report every year on new stores or BHP's report on new markets.

And its the same situation facing companies in China. They have to grow in order to survive.

Every company faces these challenges.
The Gov (either Australia or China) benefit via increase taxes they collect - ie. withholding, payroll, income taxes and local taxes.

And as Gov receives more tax revenue, they can do more things - such as build more hospitals, schools, buy more military planes, boats, etc etc etc.

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"And its the same situation facing companies in China. They have to grow in order to survive."

So you're saying that the backlash against China, following the CCP unleashing this plaque on the world, will mean the companies there wont survive?
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