stufmenatooba

stufmenatooba t1_j1w9hrk wrote

They have too much inventory, but it's stuff that no one wants. When companies pulled orders during the pandemic, they shifted production to stuff people did. However, they wound up oversaturating the market, demand was far outstripped by supply, so they have mountains of virtually worthless junk. Now the companies that pulled their orders want those products back in production, those companies aren't willing to return to producing those products, so they are hemorrhaging money by just being obstinate.

This is a self-imposed problem that tax-payers will be obligated to solve.

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stufmenatooba t1_iycczhb wrote

>"China has indisputable sovereignty over the islands in the South China Sea and their adjacent waters," Tian reportedly said.

The Spratly Islands are recognized sovereign territory of various sovereign nations, including Taiwan, but not including China. Their geographical location is also closer to Taiwan than that of Mainland China. They do not own the ocean, nor do they have any right to claim the US violated their international waters in an area that is no way a part of their territory.

China does have military installations on several islands, but Japan isn't US territory because it has a US military base, just like none of those islands are officially recognized as China's.

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