#TheoriqAI struggled for a long time, and finally completed the KYC for the #TheoriqAI testnet portion. It is predicted that the number of users who complete KYC will not exceed 20,000. According to official data, the total issuance of tokens is 10 million, approximately 0.5% is used to reward users who have completed the test! It is estimated that users who complete the test can receive about 250 tokens. It's also estimated to be a small amount around 60 USD. 😂😂
Isn't this normal? Factories are moving from high-cost areas to low-cost areas!
一转眼就长大
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Samsung and Toshiba have left, moving their production lines to Vietnam, and Adidas and Nike have also departed, relocating their factories to Vietnam. Now even Canon has closed its factory in China, shifting its production capacity to Vietnam and Thailand.
In recent years, some manufacturing companies have relocated their factories from China to Southeast Asia and other countries, commonly referred to as the "Southeast Asia flight" of manufacturing. The decision to leave is influenced by multiple factors, which vary from company to company.
For example, the recently announced closure of Canon's Zhongshan factory, which operated in China for 24 years and once produced millions of laser printers annually, creating more than 10,000 jobs at its peak, now witnesses silent production lines that testify to the quiet changes in global industrial division of labor.
The exit of this Japanese giant is not accidental. The announcement mentioned a rapid change in the market environment and the ongoing contraction of the laser printer market, behind which is the rapid rise of local Chinese brands, leading to a continuous decline in the competitiveness of foreign enterprises in the mid-to-low-end market. Additionally, the year-on-year increase in operational costs such as labor and land has further squeezed profit margins, ultimately leading to the choice to shift production capacity to Vietnam and Thailand.
The relocations of Samsung and Toshiba are marked by a more distinct strategic layout. As one of the first electronic giants to establish a presence in Vietnam, Samsung's television factory in Ho Chi Minh City has reached an annual production capacity of 11 million units, and smartphones produced in Vietnam account for nearly half of its global sales, with most products exported to the North American market, cleverly avoiding the extra costs brought by international trade barriers.
Toshiba followed closely, transferring part of its home appliance production lines to Vietnam. On one hand, it aims to take advantage of the labor costs that are one-third lower than those in China, and on the other hand, it relies on Vietnam's free trade agreements with multiple countries to enhance its price competitiveness in the global market.
For these electronic companies, the Chinese market remains important, but the relocation of production bases is essentially about finding the best balance of cost and efficiency in the global supply chain, and Southeast Asia conveniently offers such an option.
The departure of Adidas and Nike highlights the cost sensitivity of labor-intensive industries. The textile and apparel industry is extremely sensitive to labor costs. As China's labor dividend gradually diminishes, wages for workers have steadily increased, while countries like Vietnam and Cambodia not only have low wages for young labor but also enjoy certain preferential tariff treatments.
These sports brands are not completely withdrawing from China; instead, they are relocating their contract manufacturing factories to Southeast Asia, while the Chinese market takes on more roles in design, research and development, and brand operations. This adjustment in division of labor both aligns with the global trend of manufacturing gradient transfer and reflects the upgrading of China's industrial structure towards high value-added fields.
Behind the "Southeast Asia flight" of enterprises lies a complex set of external environmental drivers. During the Sino-U.S. trade frictions, some companies had to move their production lines out of China to avoid tariff barriers. With its geographic proximity to China and gradually improving supply chain support, Vietnam has become an ideal alternative.
Chinese companies like TCL and Midea have also established factories in Vietnam, with over 90% of their products exported to North America. This model of "Chinese R&D + Vietnamese manufacturing" is becoming the choice for more and more enterprises. Thailand, with its more mature industrial foundation and stable policy environment, has attracted precision manufacturing companies like Canon, forming a complementary industrial ecosystem with Vietnam.
However, this does not mean that China's manufacturing competitiveness is declining; rather, it reflects an inevitable trend of economic transformation in China.
Over the past few decades, China has become the "world's factory" due to its low-cost advantages, undertaking a large amount of mid-to-low-end manufacturing. Now, with the improvement of its economic development level, China is actively eliminating backward production capacity and vigorously developing high-end manufacturing, smart manufacturing, and the service industry. The rise of local brands has also compressed the survival space for foreign enterprises in the mid-to-low-end market.
Canon's exit is largely due to the advantages in cost-performance ratio and channel coverage held by local printer brands in China. The relocation of companies like Samsung and Adidas has, in fact, created space for the upgrading of China's manufacturing industry, allowing more resources to flow into strategic emerging industries such as chips, new energy, and high-end equipment.
Although Southeast Asia has taken on a large amount of transferred production capacity, it also faces its own shortcomings. Issues such as insufficient labor skill levels, incomplete supply chain support, and lagging infrastructure construction are all constraints on the further development of local manufacturing.
Many companies have found that although labor costs have decreased after relocation, logistics efficiency and the stability of component supply are not as reliable as in China. Some high-end components still need to be imported from China, making the "Southeast Asia flight" not without costs. Meanwhile, China still possesses the most complete industrial system in the world, the largest domestic market, and the highest quality human capital—these core advantages are difficult for Southeast Asia to replace in the short term.
From the perspective of the global industrial landscape, the manufacturing "Southeast Asia flight" is essentially the result of global division of labor optimization and a natural phenomenon of industrial gradient transfer. China is transitioning from being the "world's factory" to becoming the "world's intelligent manufacturing center," while Southeast Asia has become a new gathering place for global mid-to-low-end manufacturing. This adjustment in division of labor not only benefits China in achieving high-quality development but also provides development opportunities for Southeast Asian countries.
For China, the relocation of enterprises is not a loss but an opportunity for industrial upgrading. By eliminating backward production capacity and focusing on high-end manufacturing, the core competitiveness of China's manufacturing industry will be further enhanced.
In the future, the relationship between China's and Southeast Asia's manufacturing industries will not be one of competition, but rather one of complementarity and win-win outcomes. China will provide technology, capital, and core components, while Southeast Asia will provide low-cost labor and production bases, forming a new supply chain system of "Chinese R&D + Southeast Asian manufacturing + global sales." Those enterprises that once moved out of China still cannot do without the support of the Chinese market and supply chain. This deeply binding relationship makes the development of global manufacturing more interconnected.
The manufacturing "Southeast Asia flight" is not a decline of China's manufacturing industry, but rather the beginning of a reconstruction of the global industrial landscape. China is continuing to play an important role in global manufacturing in a more advanced form.
Some brothers asked me why I can always discover those skyrocketing coins at the first moment? Actually, it's not that mystical; mainly, I created a market monitoring website that automatically tracks the market 24 hours a day. As soon as there is any movement, I can receive alerts immediately. It's not that I'm well-informed; it's that the tool is a step ahead of people! Now I use the tool privately! If you want first-hand information, just follow me!! $GIGGLE {future}(GIGGLEUSDT)
Frog brother, let's not play contracts anymore, okay? I haven't seen you make any money, and it's tough for the brothers to lose on their own, seeing you lose every day is really hard to bear...
马喽哥哥
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Bearish
$ZEC Contract liquidation I did not cry, I eat good meals every day and I did not cry, seeing this really brings tears to my eyes...
Someone asked me to talk about River To be honest, I feel like there’s not much to discuss now Since the redemption was closed Trust has collapsed No matter what compensation plan is introduced later It’s hard to regain trust
I have never asked fans to buy points I can say this with a clear conscience I copied a little bit myself yesterday But now I'm still trapped inside It’s quite helpless Sigh $RIVER
Absolutely do not bring people around you into the cryptocurrency circle!
左侧交易先锋
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A classmate said before that he wanted me to help him make money, and he also said he wanted to follow me to grab airdrops. After learning, he could also bring his family along. But when it came time to find him, he did this to me. I was so angry that I couldn't sleep well for two nights. Can I ask him for emotional distress compensation?😡😡😡😭😭😭
➣ The officials casually change the rules, benefiting themselves while hurting the retail investors.
I checked @RiverdotInc's official Twitter, and to sum it up in one sentence: To cope with the risk of selling pressure, the River team has decided to suspend point redemption and upgrade the mechanism to ensure the long-term stable development of the project.
Currently, the conversion of River Pts to $RIVER is temporarily halted. Future plans include a comprehensive upgrade of the conversion mechanism.
So the big players have started to sell off frantically. The River Pts pool was already shallow, and now it has dropped significantly. What about the brothers who participated in the public sale earlier? They can’t take over now?? This silent beating can only wait for the new redemption mechanism.
I really don’t understand this gameplay. If you're afraid of selling pressure, why hold a public sale? And what about the money from the public sale? Didn’t it get exchanged for several $BNB? Now it’s time to use it for market protection.
@River4fun I hope the team can provide a suitable statement. This set of rhetoric is clearly self-inflicted bad news.
The story here is much more exciting than that of the tea-selling girl.
加密朵儿puppies
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“I don’t want to earn this kind of money anymore, Sister Duo...”
Late at night, Manyu sent a voice message, with a crying tone. That was the money she saved from accompanying customers, now reduced to 2800U in the crypto market. I know that this is not only her entire savings but also her last shred of dignity.
6 months later. Her account balance: 💰 53,000U. A new voice message, with a bright tone: “Sister Duo, I quit my job. From today on, I will only stand on my own.”
The secret to turning things around? It’s not some wealth code. It’s the principle I hammered into her mind: 【Stability Principle】:
1️⃣ Three cents, seven cents for life
· 800U「Milk Tea Fund」: Stop after earning 50U in a day, training the “profit-taking muscle memory.” · 1000U「Hunter Position」: Don't act unless there’s a trend. Top hunters spend 80% of their time waiting. · 1000U「Immortal Body」: Never go all in, only add when losses exceed 5%. Survive to have output.
When her colleagues bet all in on Dogecoin and got liquidated overnight, she understood: In this market, if you don’t lose, you’ve outperformed 90% of the people.
2️⃣ Only eat the meat, never gnaw on the bones She once anxiously said: “Others are posting earnings of 800U a day!” I asked her back: “Do you want to be a gambler for a day or a winner for a lifetime?” I gave her two iron rules, if you don’t understand them, stay out: ✔ If the moving averages do not twist into a rope, don’t look. ✔ If the price does not retest the 20-day line and decrease in volume, don’t buy.
When SOL corrected that time, she followed the rules and made 1200U in a week. She bought a set of SK-II and said, “This is a thousand times more reassuring than the bag I got from drinking until I vomit.”
3️⃣ Discipline is your strongest trump card Our rules are simple to the point of being cruel:
· If down 2.5%, cut losses immediately—no fantasies, no prayers. · If up 20%, immediately take half the profit to lock it in—her first gold bracelet came this way.
Now she drinks tea and watches the market in the afternoon, and practices yoga and meditation in the evening. Her account has instead become her most stable source of income.
If you’ve had enough of being cut, longing for a clean victory...
The light is in my hands now.
The light is always on, will you follow? @加密朵儿puppies
If you want to go out drinking with me, you can drink as you wish, and if you don't want to drink, just say so; basically, I won't force anyone to drink.
心想事橙y
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Why are more and more young people unable to even toast? $BTC