How long do you think it will take


for new and used sales prices of components made in China to collapse because nobody wants them? To judge by the level of denial I'm thinking by the end of the year. But curious to know if people think it might come even sooner than that?
128x128millercarbon

mahler123
1,018 posts
04-17-2020 4:16pm
Is it for fear that they might be contaminated with the virus?  Or would be out of a desire to punish the Chinese government for lack of transparency and mishandling.

YES
You mean like this? 

The British government will seek refunds for millions of coronavirus test kits purchased from China, after a study of the products found them to be unreliable for use with most patients.

Professor John Bell, coordinator of coronavirus testing for Public Health England, said Monday that the antibody tests are not reliable when used on any patients who do not qualify as severely ill—i.e. most people being tested.

In a blog post, the University of Oxford academic explained: "Sadly, the tests we have looked at to date have not performed well." He added, "We see many false negatives and we also see false positives...This is not a good result for test suppliers or for us."

The British government ordered 3.5 million of the antibody tests, largely from China, last month. A provisional order of 17.5 million kits was placed with nine companies, including some in the U.K., the Daily Telegraph noted. But Bell said none were reliable enough to roll out for mass testing.

I read recently that Apple wanted to place some new plant outside of China but the Chinese warned them off by threatening to forbid iPhone sales within China.  They did the same with Samsung and now one cannot buy the Galaxy smartphone  within China.

The NBA loves endorsement money from Nike. There are 800,000,000 NBA basketball fans in China. Chinese basketball fans love Nike basketball shoes. What will Nike and the NBA's position be regarding China now? 

Frank