>>10081837As someone whose day job is being a corporate shill, I agree that this is a good guess. We will never know the exact truth, but this seems reasonable.
My employer was spinning up a big "Go all-in on the Chinese market" project in 2018, when (as best I am aware) one of our largest investors convinced the CEO, and the rest of the investors, that China is short-term profitable but long-term poisonous. That one stubborn investor, bless them, was willing to vote against short-term profit. It has probably saved us a fuckload of pain.
>>10082005>Why the fuck are companies still doing this?My gross, generalized guess, is that most companies are executing on existing policies/strategies set up years ago, and they are hesitant to change course. How long ago? It varies. It is impossible to know. But hope springs eternal when you are making revenue projections. Even top leadership can't say "Last year we said we would grow via the Chinese market, but now we won't," without fearing for their jobs. Even CEOs have bosses (board of directors) and can be fired.
>Even D*$ney... are fucking terrified, and that should say something.It will be slow and painful for each individual company that decide it cannot do business in China. Many of them will do their best to stay. They will cross their fingers, make separate statements to separate markets, and hope to keep bringing in the cash.
