This reminds me of the Sino-British trade before 1840. Britain couldn't win over China in silk, porcelain and tea, so it started dumping drugs on China. When China started to ban drugs, the British used cannons to force China to buy their products. So Westerners are very experienced in fair trade.
Yeah, which is why they are pretty much now doing the same and dumping drugs on the US (in case you didn't know, Chinese companies are the ones supplying drug cartels with the raw ingredients for the opioid epidemic in the US). This was even before the trade tensions started. The only difference is that China doesn't need guns to keep the drugs going to the US. The failure of the US government is doing it by themselves.
They were sleeping then suddenly they woke up and realized something had happened, just like Nokia. But this time round it affect the whole of Europe and the US. There is one more thing that made the US dislike China. It is not actually overcapacity problem it was what China had done behind the US that infuriates US. Unless you are sleeping under the rock we all know what China had done to destroy the US. US is just too trusting but i believe the law of Karma will surely get to China. Period.
Do you like it if all the Chinese from China come to Singapore n take over all the Singaporeans' jobs due to lower salaries? We Singaporeans will be out of jobs too! Think wisely!
@@kennethmarquez7721 If the quality of Chinese cars is not good, Americans and Europeans can choose not to buy them and let the market decide instead of using overcapacity as an excuse.
@@tsinglin2656 if it only were that simple. Especially Europe has strict emission standards and many of the Chinese cars are not compliant. With EV that has changed, which is why you see more Chinese cars in the West presently.
Because They don't have natural resources, The West stole resources from another countries, and assembly it in Europe then sell it the globe, of course it's expensive. . Meanwhile China has its own resources without colonizing other countries.
@@BT-zw2ix Most western products are made in China, it is that many westerners reband these products to sell them more expensive. In china you can just go to a factory and let your own brand print on it.
I look at it this way. China is that hot shot that you would not want your wife to know about. If she did, she would divorce you and chase him. In this analogy, the wife is the American people. The West has no choice but to vilify China. It's what happens when you've prioritized gay rights over productivity.
Source pls for JP and SK export of 50-80% produced EVs Edit: data apparently unavailable. Best I got from all these strangely aggressive comments was hinting at an FT article quoting a Chinese government guy saying something to the similar. Unfortunately, that article also contained no national or international data sources, which I assumed the OP used to come to these conclusions, hence my request.
Utter BS and CNA should tread a more neutral line. BMW/Mercedes were found guilty of artificially reducing production to increase individual unit prices.
They stopped it.. all the cheap China ev are park in Germany. US and Europe stopped the shipment cause it would have crashed all markets… all corporations will move to China if this happens. We can’t let this happen. This is the same Chinese government that drove tanks on peaceful protest in China and the same government that let millions starve for Russia war and cultural revolution. Don’t forget the brave American and European soldiers and civilians who fought so hard to keep communism at bay…
@@Idler_JP Are you daft? How do you not fully understand "overcapacity" is just a term the US is using to decry they can't compete? Capitalism 101, companies make stuff, companies sell stuff. It ain't hard kid.
@ipemidayo lol. Nope. Its call improving your capacity & capabilities. Then from there more business can grow & evolve. If cars are affordable, ppl will be able to travel further distances to do business, make a difference to the economy. Africa is not producing cars, you guys can play a different role.
What if the athlete cheated? China didn’t get to the manufacturing olympics honestly. And now they combine the IP they largely stole with a low-cost and huge labor pool.
And then when China destroyed their drugs, opium war started and British forced China to give up Hong Kong for 99 years and Portugal forced China to give up for 99 years too . .pathetic EU goverment/carmakers
I am with China on this one. "They are flooding our markets with cheaper EVs" Uhmm.. is that supposed to be a problem? If I as a consumer can pay $10 for something, then why the hell are YOU charging me $50? China is just showing how much the average consumer is being abused by the local companies.
The Chinese also want to help you. Don't buy American products that are five times higher. If you don't have China to join the competition, American, Japanese and European products will be extremely expensive. What prices Nokia phones sold in the past and what prices did Intel sell in the past?
Blaming China for ‘Overproduction’" is like blaming an A student in the class for studying too hard and taking all the "A's" making the C and D students look bad...what a pathetic argument!!
The objection is more philosophical. It is the parents of the now C and D students objecting to the kind of system, cram classes, singular focus, etc. that have allowed them to earn those A's. They believed in the value of being well rounded and are finding out that being well rounded means that you'll never be as good at any one thing as someone who devotes all of their time to just that one thing. To torture another analogy, the west has largely tried to create decathletes and China has ordered their population into 10 groups who will focus on one event each. The west doesn't believe in doing things that way.
@@benhatcher2603 The issue is the A students take Engineering to become Engineers to produce technical products and the B and C students used their math skills to become Finance gurus to manipulate the US dollar which produces nothing but more fiat paper currency
@@butwhytharum Yes, Bitcoin isn't worth anything. You can't eat it. If a solar flare comes and wipes out electronics, Bitcoin literally disappears forever. That said, paper money is also not worth anything unless people ascribe value to it. There is actually zero need to "tax" people of paper currency, yet most governments use taxation in order to make the people believe the currency has value, and to distract people from the fact most western governments are funded via inflation. When you have a nation where such deception is not possible, paper currency rapidly loses 99.9% of it's value, like people paying for goods with billion dollar bills their government even printing $100 trillion banknotes (yes a single bill worth $100 trillion). And you've probably heard of the Weimar Republic where Germans were using wheelbarrows to bring millions of worthless reichmarks to stores just to buy food.
that's a fair point, the EU shouldn't have rested on their laurels this entire time..and now that the societies are aging out, we're all in at a critical point, nature is destroyed and polluted, plastics in all human tissues (even placenta and testicles and the brain). Who's gonna fix it, when all our leaders are seemingly interested in is to quibble over stupid jobs and tariffs.
Yep, China is what happens when the government reinvests in the nation as a whole. This has been coming for decades now, why is this a surprise to anyone? We need to start looking outward, instead of this inward fighting over or our limited dwindling resources, we need to work together and use all of our strengths to spread out from this tiny blue spec of water and dirt floating in the nether! There's a whole universe out there for us to explore.
Untill western corporation adds in there cut the west is just full of rent seeking behavior even though things have become cheaper to make everything is for profit and that must grow year on year it was never sustainable
а где вы увидели/услышали что политики развитых стран говорят о простых людях? они говорят об экономике и налогах, бизнесах и прибылях, своих отраслях и производствах🤗
when german japan and korea cars dominated the markets, there was no talk of overcapacity. Twenty years ago, China was behind in everything. The freaking West, America and Japan got to ask the3mselves WTF happened to themselves? complacent, lack of drive, cosmetic improvement in products, selling high prices etc. Proud and arrogant.
Oh yes they were up in arms when Germany was the largest exporter at one point. Especially, the U.S and the E.U were saying Germany should spend more and reduce their budget surplus.
Actually there were. US has put tariffs on Japanese and European (German) cars many times in the past. China today was Japan in the '80s. Japanese semiconductor, electronic, and automotive industries were hit hard by the US at that time which ultimately lead to the Plaza Accord.
I am Chinese and I bought BMW last year because it is a golden brand as I see and I have a special respect to German cars :) But next time I will change to BYD, because EV is much cheaper
after watching the entire video all i can feel is that China is spending their money in the right places and investing outsmarting everyone else. While others are spending money on war, weapon and unmanufacture related areas, China is spending their money for the future of human kind. I see nothing wrong with that.
But one can't deny that China is an "I cheat you, you cheat me system" I don't want the future of humankind to be like that. let's be real. Tell me I'm wrong.
idiot!! China is the second biggest spender on military in the world!! They are investing in war!! They're fixing to invade another sovereign country!!!
You don’t know anything do you. China strategically targets key industries and subsidizes from the national, state, county, local, to city level. On top of that, they intentionally keep the value of their yuan lower to keep costs especially labor really low. You know who loses, China’s own people and our U.S. worker all for CCP industrial dominance. So we are copying their playbook, forget free markets it’s all about jobs and national security.
If the west considers subsidies to be unfair because it distorts competition, I would say, forget about your misinformed concept of fairness. Why would China or anyone else abide by a rule that makes them lose and most importantly poor?
Capitalism is the key word. America enjoys the benefits of capitalism and plays money game while China chooses to be an industrialist and entrepreneur. Both are sailing on a river of no return. Everything is so simple but people are blind to the facts.
капитализм - сам по себе это не плохо. это как рынок - любая торговля это рынок, без исключений. просто в капитализме можно по-разному считать "прибыль"
In the last three centuries, the West has become accustomed to being the first, and that is why it is so upset that it will very soon become the second. But the West forgets that the world has been like this for thousands of years. For thousands of years, the West was the backwaters of the world and Asia was the center of the world
But China simply copied and stole the innovations of the West going back to the late 1970's when it reproduced cheap toys and jewelry. It simply grew from there and we all knew it was happening back then. Cheap labor is the problem. We all complained about cheap Chinese goods. Back in the day we had beautiful, quality items made in the West. Now it's just junk imported from China.
@@kenbehrens5778 Yeah , India and the Middle East remained. The Middle East was completely destroyed by the West because it was the closest. India 50/50 and China survived because it was far away
@@BrunoHeggli-zp3nl Yes it is. That is usually the goal of Governments who want develop their Countries. It allows for additional capital to enter the country once the domestic markets have been saturated.
India has the same potential, but it has the same problems African countries are facing which is a political class that lacks imagination, energy, and integrity. The political class in these countries do not see the country as a TEAM. The Chinese government loves and cares for their people.
@@john-tr8jy India is not a collectivist society like China, Japan and Korea. At the same time, India is also not an individualist society like Europe and America. This puts India in a unique spot. Regarding the political class, you are partly right about it. Over a period of time, there have been improvements in terms of ease of doing business and delivery of services. The current govt has done a few good things like building infrastructure (roads, airports, railways), one common tax across states (GST), digitisation & process reforms. Ease of doing business also includes shutting down a business. It takes only 90 days now, provided that there are no disputes . This is even faster than US, China, Germany etc. Earlier, it used to take years. Turnaround time at Indian sea ports is also faster than China now. And some people wonder how India became the fastest growing economy 🤷🏻♂️😁
And then when China destroyed their drugs, opium war started and British forced China to give up Hong Kong for 99 years and Portugal forced China to give up for 99 years too . .pathetic EU
They only produce overpriced crap. Everything they produce is overpriced to pay their huge salaries. Its time for them to go and make space for new players on global stage.
@@saellenx3528You are very right and correct 💯 percent. I lived in Sydney Australia. Everything is over priced here in Australia. You have to work very hard to buy a small thing here in Australia. What about excess taxes here in Australia? Western world's people were just being greedy simple as that, I mean very very greedy society. Western world's people want to invest $1 and make $10 profit.
@@johnsonolajide4647 This is exactly it. They put tariffs on things just because they can't compete to artificially pump the prices of the goods coming in, if they can't tariff it, they'll ban it in the name of "national security"
How to do business like an American corporation- Step 1: Buy politicians and lobby for regulations, tariffs, and subsidies to protect your monopoly and destroy domestic competition Step 2: Cut costs by using cheaper materials and ingredients, cut employee wages and compensation, and refuse to innovate or do R&D so you can maximize shareholder value Step 3: Outsource any remaining American jobs to the developing world and hire immigrants to work for less Step 4: Act bewildered and wonder why line no go up when you gut your business operations and destroy the buying power of the American consumer at the expense of shareholder value Step 5: Cry for more subsidies, tariffs, and regulations when China (or any competitor) surpasses the value offered by shoddy American products and services Step 6: Lobby to weaponize the US dollar when other countries refuse to be exploited Step 7: Watch American industry wither and die and the economy implode Step 8: Blame China
@@hmhmoinsdk but China ha no problem handing over that knowledge to anyone that asks. Edison Motors in the US is getting help from Chinese EV manufactures.
@@hmhmoinsdk The US can do the same. Allow Chinese EV manufacturers to setup manufacturing plants in the US, have them help build up US EV charging infrastructure, require technological transfers and learn the know-how. But, we all know Biden or Trump will not allow this. Also, Chinese EV manufacturers are scared of investing in the US nowadays because of all the anti-China rhetoric and the risk of a forced sale like they are currently doing with Tik-Tok. There must be some incentives for companies to setup manufacturing and transfer technology. The Chinese allowed that to happen, while US corporations made trillions and Chinese companies and workers made bread crumbs. They did all that to learn the know-how. Why not provide the same incentives to Chinese manufacturers? All you hear from the West is China bad this China bad that, overcapacity, debt trap, and going as far as having trade talks with other countries and all they talk about is China. 😂
@@hmhmoinsdkForced? If you don't want to do business in China, you can leave China voluntarily. Google is unwilling to follow Chinese law, so it has left the market voluntarily. No one will force you to come to China, or force you to stay in China, you can leave anytime and anywhere.
Remember that China has more population (1.4 billion) than the US (330 million) and all of Europe (742 million) combined. The 'Global North' population (developed countries such as US, EU, JPN, SK, etc all combined) is about 1.6 billion, similar to china's 1.4 billion. How do you expect China not to be competitive when they are the most aggressive learners and hardworking culture in the world. The Global North is only 25% of the world population but controls almost 80% of the world's wealth. The US tries to keep it this way and keep the Global South poor. They dont want the Global South(which includes China) to have control of High Value added industries because it will shift the global wealth and the US will lose their superiority. I think in a capitalistic society and merit based system, its fair that China with their 1.4 billion extremely hardworking population and culture, its inevitable that they will be able to produce more value against the Global North. Especially when China is a united country whereas the Global North is comprised of all different countries, each competing with each other to some extent. Me being an Indonesian support that China who wants win-win cooperation and help drive the economy of us in the Global South, rather than the West who has historically seen us as only as a consumer for their overpriced goods, keeping us dependant, whilst allowing us to only be involved in low value added industry and keeping us at the bottom of the global value chain. An example of this is how the West has tried to force Indonesia to sell our raw nickel (low value added industry), whereas China has proposed to invest in us and building the nickel processing factories(high value added industry) in Indonesia which will create jobs and also create high value added nickel products. The world is not a zero sum game and the West should realize this, if we work together as humans, we will all be the winners. For example, if every country in the world worked together to create a big network of solar energy, wind energy, hydro energy solution, there would be free energy for everyone and we would not have wars on this anymore. People can even have universal basic income and they are free to live like house cats, not needing to worry about food and shelter, and just enjoy life. If they are bored, people can explore hobbies, explore space, explore art, explore entertainment, etc.
The dollar is used because you can buy almost anything using dollars, no matter where the product has been produced. Most countries are happy using dollars because some other country producing stuff will accept those dollars because yet another country will sell something in dollars that the producing country needs. So if a country A wants to buy machine tools in Germany, if he has the dollars required, the German firm will accept those dollars. Dollars are held by most countries in the world in large quantities because the US accepts dollars to be held in large quantities in foreign countries. It gives power and leverage to foreign countries. That isvthe cost of dollars to be reserve currency. When countries hold lots of dollars they can buy anything they want in the USA, including political leverage, companies etc. If China wanted the Yuan to be a reserve currency like the dollar, it would allow yuans to be available in large quantities in foreign countries. But that would allow countries outside China to buy chinese products, companies and political leverage in China at any time. There is no inflation in China, so the Yuan held by outsiders keeps its purchasing power. So being a reserve currency is not what China may want. So overcapacity is not a thing in currencies.
China in Africa we desperately need whatver you ware producing..produce more and more cheap products for us..we are still coming up and we need them...i am a dentist..15 years ago we ysed to struggle to buy a simple dental chair..they used to cost 10-20 thousand dollars from US or Germany..now we get dental chairs for about 2 thousand dollars from Xi Jinpin..and it works just as fine.....produce for us China! we are still developing we need them here! Produce more!
@@XJPig8964 That is fine. I don't have problem with subsidy either. And I am sure a lot of R&D goes into a chair. I wonder what kind of R&D is done for a $80K garbage can.
Toward the end of this video it was stated the US will need to spend $82Bto become self sufficient and compete in solar energy. That is 1/10 of the US annual expenditure on their military. The US has a BIG problem with PRIORITIES.
Yeah You are right but America is getting old, America lost the competition that's for sure. So did Uncle Sam is started to find a way to make a dirty business which is a War Business. And that is a Cheap Trick. Killing people to make you strong is not honorable. Look at Ukraine? Where are your Ethics, Where were your hearts bleeding for? Oh, blame it to Russia.
The western countries have a long history and mindset of colonization, and they would like less-developed countries to be stuck forever in low-end labor industry. It is time of a change!
Indeed. This is what some people been say but apparently they think China is the blame, but it is not. The real threat in our world are western nations like the USA.
Definition of subsidies - West on west - national security , helping local industries. West on China - cheating, dumping, unfair etc..... What is your definition? Pray tell. 😊
For the last 100 years Europe and the US then followed by Japan and South Korea had always exported car over capacity to the whole world. Now that their companies are no longer competitive they blame the competition.
When did Asia complain when the US was the factory of the world? I remember a time when the US exported anything from towels, beddings, and garments to luxury hi-fi equipment and cars. Those were also the years the US pushed for free trade and the abolition of tariffs. Asia didn't complain, but happily bought those goods, admired the US for its industrial prowess, and simply hoped that one day, Asia could do the same.
@9:45 blaming poverty, homelessness, drug use, depression manufacturing jobs disappearing due to China's manufacturing, are you for real right now? What about the 1% having more than half the wealth in USA, that probably has nothing to do with it right? Can you try at least to be a bit more unbias in your reporting. Like they were saying a lot of those job losses were originally due to automation and machinery, the same thing is going to happen now with the rise of AI. People need to re-train and be proactive instead of blaming China for all your problems.
He forgot, it was US that coin globalisation, that led to US companies investing to China, as US workers has gotten so expensive, not forgetting the strong US union etc ...
I spent about $999 plus tax for a set of garden tools, including: a Self-Propelled Mower, a String Trimmer, a Leaf Blower, a Chainsaw, a Hedge Trimmer, 2 Batteries, a Single Port Charger, and a Dual Port Charger. When I need another two more batteries, the company charge me $250 each. Wait a minute, how do you figure out this reason of so high price of the 60V battery?
Decades ago, China made the strategic decision to invest in future technologies while the world was fixed in other things. They knew they could no outcompete developed countries in their field of expertise, so they invested a step ahead to have the lead. This is why they were working on 5G when the world was still working on 3G/4G. This is why they invested in Solar Energy when the world was fighting Oil wars in the middle east. This is why they invested in developing Electric cars and Lithium batteries when the world was thinking about what gimmick to add to cars. They were thinking about the future while everybody was at the party. They got results. So now, because they have the lead in those sectors and you are late to the new party, the western developed nations call it unfair. Such hypocrites. Japan faced the same fate decades ago with their industries. They were crushed and accepted that fate imposed on them and their economy. Outsiders decided for Japan what was the "best" for them and they suffered the consequences in their economy. China already have the reference of what will happen in the "good intentions path of the western powers".
Overproduction or Overcapacity is just a shitty way to say you cannot compete and you want to destroy the other party via dirty tactics instead of actually outperforming them.
nope it says: your people are too poor while you still export if chinese people had become rich the export volume of china would shrink as a share of gdp since consumers in china would buy the produced goods - it doesnt happen and thats why theres a lot of youth unemployment in china (not enough jobs internally) and china is exporting so cheaplky (not enough internal demand for their goods)
@@hmhmoinsdk Are you talking about China or US? US export is low because their people are rich? I think many Americans will disagree with you. US also have a youth unemployment problem despite low unemployment number. Latest number in Mar I think is 9.2%. I am not sure what your point is.
@@davidwong5197 by definition if you export more than you import your people produce more than they consume and are therefore poorer than their productivity would allow them
@@charlesagyemang1692 china is investing heavily in Africa and sharing technology something the west has always refused to do in Africa for some reason
@@60deathman Western might not be an angel, in fact they are responsible for a lot of wars but be careful with chyna their own people have no voice would you really want to be under the yoke of such?
Simply a must-see Doc, Comprehensive, somewhat give all sides to defend their point view aka objective.. and very informative with recent data. I hereby award this vid the best doc i've seen in this summer 2024. Thank you for sharing.
As a European I fully understand his points. We used to be manufacturing and innovating powerhouse. Then we rest on laurels, grow lazy and missed the moment when others surpassed us.
When most kids just want to be Youtuers, TikTokers, and professional gamers, not enough kids going into STEM, what do you think is going to happen in just one or two generations? I worked with Chinese Students in R&D and they are usually smart and hardworking. I am an American and I would like to see US suppress China. However, I need to speak the truth. We are behind and I am sure everyone knows about it but just hates to admit it. Personally, I think it may be too late for us to fix it but late is better than never.
Accusing China of EV overcapacity is akin to Kodak blaming digital camera companies for overcapacity, or Nokia blaming smartphone manufacturers for overcapacity.
No it's not lol. If one camera is made by a state funded company using slave labor who can't even afford to rent an apartment and another is made under livable wages with worker protections and environmental rules then pretending the lower price of the first is an achievement is grotesque
@@jarodarmstrong509 You are so 20 years ago dude. I don't know where you are, but I'm sure nothing much have changed where you are in the past 20 years; every time I visit and re-visit any Chinese cities, there odd to be something new.
Why don’t they protest when Boeing in the United States and Airbus in Europe have a monopoly on civil aviation? European and American products are expensive and monopolized. Why can't China's cheap and good products be sold?
Many Boeing/Airbus parts are made and assembled in different countries where everyone benefits. Creating jobs and increasing standard of living in many different parts of the world. In turn increasing GDP, purchasing power, benefiting the world economy. Can't think of "I" lets work as "We" for the greater good.
@@i360travel9 Chinese EVs can be also made and assembled in Europe or US，Chinese car companies are also happy to do this, but are European and American companies willing to do so?
@@i360travel9 That is why BYD is building factories in Mexico. And look what Trump just said? You may wonder why BYD wouldn't build factories in the States? Please refer to the speech the CEO of BYD just gave: political uncertainty. How the US government treated Huawei is a good example.
Not really. China is spending its country's wealth to make other countries depend on it so China can politically dominate it. Other countries are in the "race" to create wealth from industry. Its two very different races.
@@Nicole-zo5xt as an american gen z socialist my country relies on war a lot and their many reasons for this some yt channels explain this like breakthrough n'ews etc
@@Nicole-zo5xt US war machine is what mantains capitalism running in global scale the way it is. All nations can achieve a minimal industrial development without being invades by US / NATO.
The whole "overcapacity" argument is stupid beyond believe. Its the fundamental law of trading. The whole point of over capacity is export or selling to others. Telling China to stop exporting is like telling a farmer not to sell their crops and produce.
trade only works if there is a balance between exports and imports. And China exports a lot, but they don't import much. If a trade relationship only benefits one side, then it cannot be allowed to continue.
@@thegreatdane3627 They don't import enough from US. But they have trade deficit with Australia and some of the Asean countries. Your view is US-centric.
LOL imagine thinking china is beating western nations because of innovation. more like slave labor and poverty wages. call it like it is lol we can easily do this but then we'll have people complaining again. boohoo slavery
There is an overproduction of Facebook and RUclips and google... Tell china to open their markets as well...... Ooooos I forgot china can block whatever they like..... So it's US fault if they do the same. Some pro chinese mentality🤣🤣🤣
The salary if Chinese workers are lower because of exchange rate manipulation. There is no reason why the Chinese workers wages should much cheaper than US and Europe. Answering: That is exactly what I was thinking. I explain in other comments. Europe has had lazy neoliberal thinking for say about 40 years. Before that after the war Europe and Japan had a more directed economy. In Europe in the 70s they started to « liberate » capital, which went to China and other developing countries with the effect of weakening labor in the West and having private companies not invest in innovation athome but building factories in China and the developing wold. Finance became important redistributing money to the rich and freezing and reducing salaries in the West dismantling the welfare state. The current leaders are clueless and stupidly maybe intelligent. It takes time to replace them . Read Werners « Princes of the Yen ».
Electric cars are very expensive to buy in Europe. "Overproduction" of electric cars from China brought price down, which is good for the environment, as most people can afford it. Isn't this what "earth" wants?
The choise of EV is basicly who do you want to have full overview of everything you say, anything you do inside or outside of your EV. I prefear the devil I know to the the devil I don't know (China). This is because of the huge batteries that makes them outstanding for mass surveilance. Remember, any company in China equals the chinese gouvernment.
I know as a working class American I could use a $11k BYD car but I’m forced to buy 30-40k car that I can’t afford but then have to take a loan that would cost me as much as the car itself costs. So the question is who’s getting protected here, us regular people or giant nameless faceless corporations???
@@milandraskovic9062 60% of Americans can’t afford a $400 emergency fund and that’s from the federal reserve study. So yes most Americans are poor including myself.
Forget about mocking the US or EU. This right here is a video with a lot of lessons. It shows you what a nation that focuses of human development can achieve in just few decades.
The west is saying if I can't do it, you can't either although you can do much better! Thanks China for suppressing the greedy capitalists and liberating consumerism.
And actually, going for renewables on the scale it needs to be done. Thats what China can do, they can actually do large scale infrastructure projects on scale & speed they need to be done.
It's good for consumers but bad for the mostly EU companies and innovators which the China copycatted and sold for much cheaper, because they don't have to bear the r&d costs - bankrupting the original inventors...
I'll go further. You are not to do anything unless we allow it, but we can do whatever we want. We're fair and balance, abide by the international rule based order who set the rules, therefore we are entitled to break it whenever we see fit. Can't beat that "WE'RE THE GOOD GUYS" attitude.
China’s ruling class learned from the painful lessons of the “Century of Humiliation”. At each juncture, China missed out of the past Industrial Revolutions. Hence, modernity was out of reach and it rendered the nation backward and weak. Chinese are basically hardworking and are fast learners with an average IQ of 105 and above (among the highest globally). Given a conducive environment and the right policies, Chinese tech can really take off and surge ahead. “Agricultural China” had been the leading economy for millennia and now “Industrial China” will take the world by storm. You simply cannot pull down a hardworking and innovative people. Period.
It’s not about pulling them down. Yes Chinese work hard, I am part Chinese but CCP is strategically controlled their entire economy and target key industries. It’s well-documented. Theft, tech transfer, etc. A free China would be in ours and global interest. Free China means Westerners can no longer complain and China will ascend to the top, but not with the CCP.
@@AugustusOmega Who said anything about Taiwan in my comment. Free China is not Taiwan “son”. CCP definitely losing now, you can’t even take Taiwan if you wanted too. You’re boxxed in “son”. CCP strategic blunders turn everyone against them except Russia and NK BAHAHAHAHAAH
@@AugustusOmega Where you at CCP ??? Free China and you get Taiwan back and become bigger than U.S.A. if you become a democracy. China so great they copy everything Western and you might as well copy the government like Japan and South Korea did. Look at NK compared to SK!!!!! Look at Japan when it copied democracy, 2nd largest economy. China can be #1 co-exist, live in peace, forget the 100 year humiliation, and move on. Stop trying to reinvent the wheel, it's proven democracy is #1 in government. Create democracy with Chinese characteristics!!
Chinese work 14 hours a day, 6-7 days a week while European only work 35-40 hours a week, how can they compete with China? You want to be lazzy and you wouldn't allow other people to work hard? Well if you think Chinese EV are so cheap, while don't EU and American countries lower their workers pay? If you pay your workers $500 a month, you can compete with China.
They are overpriced and then sell them to us, with half price and we never can buy a new car in my entire life like me. I bought an used car and I have it for more than two and half decades and not only htat no money to fill it, it stays parked all the time.
@@etow8034But the dollar worth more on the international market, an average American worker can afford a car and a well furnished house in a decade, and that is unimaginable in the developing countries.
The primary issue is the disparity in currency exchange rates. If the entire world were to adopt a single, unified currency, global equality and fairness could be achieved. However, we all know that the US and Europe would never allow this.
Then tell ur $tup!d country leaders not to engage in any international trade forever, better think carefully before writing any $tup!d comments next time@@leehyunsong7001
@@leehyunsong7001You & your country can't be a US female dog forever, try growing a backbone. Stand tall, look at your western masters right in their faces & tell them to go "F" themselves.
@rhena229 and putting tariffs on Chinese goods will make things even more expensive! The new Chinese EV looks amazing and it's only about 10 to 11thousand dollars! I heard it's a good decent quality too!
When West dominates the tech industry in the past, you won’t hear the West complaint. Now, the table change to Asia favour, complaints complaints every day. What do you think.😮😮😮
When East dominates the industry in the past, you won’t hear the East complaint. When, the table change to West favour, complaints complaints every day. What do you think.
They can monopoly social media platform, facebook, twitter, those big tech companies only need to recruit 10 more employees to run those in a midsize country and profit billions, even using those platform to intervere politics in foreign counties, but they think it is fair
When you see the West losing in trade war with China, you will see the West will play with many new words like "de-risking", "overcapacity", or "Overproduction", but in 20th century the West exported a lot of cars to the world we didn't hear those words at all, can I say the US "Overproduction" about export oil and gas, computer chips,.....
This is a very good documentary report. It is objective and free of bias. If China has been able to catch up and eventually surpass the US and EU , in several domaines this means that its model of production and the philosophy behind it is good and effective. So instead of smearing China for its success and taking sanctions to slow China progress it is advisable that the western powers review and readjust their model of production to avoid being outcompeted by China in other areas all the more considering their huge financial power. In my view cooperating with China in technology and R& D will be beneficial for the advancement of human kind. However the big question is whether the west is humble enough to accept that.
The Chinese EV overcapacity argument is flawed. Why? Germany car manufacturers export 80% of their production whilst China only exports 20%. Go figure. Since 1900s US has exported between 60 to 80% globally have they been over capacity Only when the tables are turned the that is the case
"We want you to go green with EV but only if those are made in Germany" As someone living in the country without a manufacturer of solar panels or a real local car factory, I want cheap solar panels and ev. If it was about some products that are not beneficial for the environment, I would be against it. But we are in dire need of green energy and transport. This is not a place to be petty.
Occidente apoya el libre mercado solo cuando son ellos los que lo dominan cuando son otros ya empiezan a jugar sucio vulnerando el mercado libre y imponiendo el proteccionismo y en el caso de EEUU y europea sus pretextos son ridículos ya que acusan a china de que su gobierno subvencióna a sus empresas algo totalmente legal y que también hace EEUU y europea lo que demustra su hipocresía y doble rasero
The poor brothers in the third world need affordable technological products. The West controls technology, controls production and raises prices, depriving most people in the world of enjoying human technological progress. The West is very shameful.
Not true. All the rest of the world has been players and surviving but if China is allowed, she’ll push every other country out with low, low, low manufacturing costs, retirement benefits, etc. China must keep their heavy industrial products in China and only export little industrial goods, which have made her the 2nd largest economy; otherwise, the rest of the world will start speaking Chinese. This is the goal of China.
Indeed. It's like they have enough to generate energy for the world if needed. That is like as if I got a life time supply of clean drinking water and i give it to the people for free too.
As of today, Germany exports 75% of its vehicle production, followed by Japan about 60-70% (I forgot the exact figure) and Korea (more than 50%). China exports only 15% of its vehicle production. Where is the overcapacity logic?
@@highlander_nepal you're shifting the goal posts.... So China is a big country. But so is the US compared to European countries. Why weren't Germans decrying American "overcapacity" this whole time?? Why is no one making documentaries about African countries rightfully upset at Western "overcapacity" stopping them advancing their own industry? Why is it that when Latam started putting tariffs on US goods to develop their own industry the US immediately started staging coups all over due to "fear of communism", when apparently it's A-OK for the US itself to behave the same way now? Why is it only when it comes to China doing these things that everyone is clutching their pearls? The West is afraid to lose its competitive edge in the global economy, that's all there is to it. It's really shameful that they need to dress is up as China's moral failing to save their own faces instead of admitting that maybe outsourcing all their manufacturing to China decades ago to focus on a service economy was maybe not the best long-term decision. China is not being evil for learning how to do capitalism from the West and then doing it better. It's ridiculous that suddenly the US itself doesn't like free trade or the free market anymore, the second that they stop being the main winners of their own game.
@@g_wylde i respect your opinion. West is not worried about today’s 15%, they worried it’s reaching 50/60%. Thats like 15/20 million car exports per year. Btw i own a BYD Atto 3 :)
You are being disingenuous. China's vehicle production is driven by unfair trade competition. It is not a free market when whole industries are bankrolled by zero interest government loans to manufacturers, free land and government building you factories. Such policies are against WTO rules and China has not been following free market rules since 1992 as that Chinese academic clearly stated.
Well said 1431 Well I think we got the bastards on the rails Israel is surrounded except the ocean but the Russian fleet is on the way shouldn't take him long coming out of the Black Sea yay bricks May America bow at the throne of global financial Harmony and proper and fair trade with equal treatment for all
😆Soon Chinese parents will look at their children at dinner time and say ： "If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."
Why does the US cry every time. China is giving a cheap price, what is wrong? Best wishes to China. The US should focus on competition, not the dirty tectits.
On the issue of subsidies : Article Title : "US offers $12 billion to auto makers, suppliers for advanced vehicles" Article Title : "BYD Got €3.4 Billion Chinese Aid to Dominate EVs, Study Says"
They have both quantity and quality. Article : "Most of the 2024 EuroNCAP safest cars are Chinese" Text : "The presence of Chinese-made cars among the top performers highlights the country’s increasing influence in automotive safety standards, and especially BYD, which is the only car makers with 4 cars ranked 5 stars : BYD Dolphin, BYD Seal, BYD Seal U and BYD Tang."
And best tech. Video Title : "China's BYD New Hybrid Cars: Ultra-Long 2,000 km Range For Under $14,000" Video Title : "Toyota will stop using its 'old' hybrid tech and switch to new BYD systems"
The truth of the matter is, for the past 30 years America was investing in a global war of terror. While China and Asia countries were in vesting in technology and production of essential goods. Blaming China would not solve the problem, making structural changes in your investment will.
That is not it. China is spending their resources to dominate certain markets and create dependence in order to politically dominate. If you like China dictating policy in your country, go right ahead.
overcompetiteveness? copy & develop is taught on Chinese schools and universities as an acceptable method of doing business. In other words the Chinese are taught that plagiarism and the theft of intellectual property is acceptable. To most other cultures however, this is a big no go and this is what the West is blaming China for. China simply has proven to be an unreliable business partner. Cut the cost of development out and you can dump products for very low prices.
@@ntro9347how can you copy something that’s no existing? Battery, solar panel are two very good examples. Dont trying to to fool the others. Nowadays, most popular software development methods are open source. Everyone is building things on top of others. Something happens on industrial world. Get some education before repeating the overly repeated lies.
China ridiculously subsidizes their industry with state policy. This will fail because they are picking winners and losers and not letting the market decide.
That one minister made alot of sense. Our corporations made a killing in profits moving the manufacturing sector overseas but did not share those profits with the American people.
we have many american corporations in my country and the pay on average 5-7 dollars a day, i always thought each person here works to pay for himself and to pay for a couple of americans who don't work to sit on the couch drink beer and watch football all day in their owned home with 2 cars that their goverment paid for, who is benefiting from this sla/very then?
Time for CNA to produce another program talking about US overcapacity in warmongering, in nuclear weapons that can destroy the world 1000 times over, overwhelming homelessness of almost one million americans sleeping on streets.
Not just on subsidy, the US just failed on a lot of areas because they put on less efforts and yielded for huge returns. They got that what they wanted before with their hegemony , until China rises
The problem with the West is that they cannot compete fairly! The US is also subsidizing their car plants and battery factories with tax incentives which is a form of subsidies!
The world has become a board game in which: USA is playing Checkers, thinking 1 move ahead. Russia is playing Chess, thinking 5 moves ahead. China is playing Go (Weiqi 围棋), thinking 10 moves ahead.
China is providing a much more affordable and high quality products for the consumers around the world. This is helping consumers to tackle the insane inflation we all facing.
0:20 I have a standing flashlight from China it's 12 years old it's one of the best flashlights I've ever owned in my life and I've owned dozens and dozens of flashlights.
@@martinmcewen4614 There are different kinds of flashlight in China, for fishing, for long distance trail running... I have some for long distance trailing running.
Such hypocrisy. When Australia mined more coals and iron ores than what what their local economy can absorb, they sell them abroad without getting the label "overcapacity". When US and France produces more commercial aircrafts than what their local economy can absorb, they have no problem selling them abroad too. Nope, no concerns of overcapacity here. New Zealand, they have twice as many cows as humans over there. They exported a whooping 95% of the milk they produced. But nope, no overcapacity either. You can only go overcapacity if you are Chinese.
The difference is, Australia consumes. The US actually has a trade _surplus_ with Australia. Completely different story with China. You can make up excuses all you like, but in the end, it's the hard figures and the facts, like the trade balance, that tells the truth.
Born and raised in Texas, I believe china is going to skyrocket past the US in GDP within the next 10 years. It's difficult for many of my friends to accept, but I see it unfolding. I started learning chinese last year to prepare.
The main issue is likely that much of the richer world has become complacent and they expect to remain rich easily. But a lot of it has depended on easy access to resources or cheap labor in the rest of the world. And as the rest of the world advances, it becomes less easy to maintain the advantage that their ancestors worked hard to create.
bakit noong wala pa ang china, hindi ba dumping ground ng overproduction niila ang filipinas. importing cheap raw materials and exporting costly finished products. at least, lower o cheaper ang chinese goods, altho hindi maganda sa economy natin.
China & India never have serious border trouble before the coloinst came. Nowadys due to better transport & trade system, all countrties have border conflicts. Not a big issue as long as all countries do not escalate minor border conflict into full blown war. Look at Russia & Ukraine, a good learning lesson. Hope we all have a peaceful time.
That's wrong. Our India is also riddled by chinese overcapacity industries. They are dumping their goods and destroying our industries and jobs. Dont think chinese stand will be good for India.
You belong to the 5 percent of well informed Indians who are aware of what's going on around the world and thus not easily brainwashed by your corrupt leaders anti China fake news propaganda.
Forget about trading with China ! Trade with other countries will be better! Trade less with China! China always cause headaches! Xi Jinping is very inconsiderate ! 😊
The “China overcapacity” accusation may look like an economic discussion, but the truth is, the accusation is built on false logic and ignores more than 200 years of the basic concept of comparative advantage in Western economics. All countries produce and export products of their comparative advantage and this is the nature of international trade. If a country should be accused of overcapacity and asked to cut capacity whenever it produces more than its domestic demand, then what would countries trade with? If exporting 12 percent of Chinese-made EVs is called overcapacity, then what about Germany, Japan and the US who export 80, 50 and 25 percent respectively of their automobiles? Wouldn’t that be considered more serious overcapacity? Let’s not forget that according to the statistics of the International Energy Agency, to realize carbon neutrality, the world will need 45 million NEVs by 2030, 4.5 times that of the demand of 2022. When the global capacity is still far below the market demand, how could there be “overcapacity”? The US knows full well that this “overcapacity” allegation is against economic common sense and industry facts, yet still labels China with it. The US claim of “China overcapacity” is not a market-driven conclusion, but a crafted narrative to manipulate perception and politicize trade. The real purpose is to hold back China’s high-quality development and deprive China of its legitimate right to development.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
This reminds me of the Sino-British trade before 1840. Britain couldn't win over China in silk, porcelain and tea, so it started dumping drugs on China. When China started to ban drugs, the British used cannons to force China to buy their products. So Westerners are very experienced in fair trade.
They cannot make it work again because their "capacities" in both tech and military powers are declining.
Yeah, which is why they are pretty much now doing the same and dumping drugs on the US (in case you didn't know, Chinese companies are the ones supplying drug cartels with the raw ingredients for the opioid epidemic in the US). This was even before the trade tensions started.
The only difference is that China doesn't need guns to keep the drugs going to the US. The failure of the US government is doing it by themselves.
It's called Path Dependence
We Chinese haven't forgotten that . And we have yet to settle that score
Ironically, westerner are still the same today, they always want fairtrade, with the subtext that they want to be more fair than anyother country
Why they didn't blame China in the past decades when Chinese was doing hard and dirty work to produce low-end but yet cheap products?
bcs they/we all profited off that insanely.
Global propaganda by certain groups and countries have ensured that China and the Chinese are the scapegoat for every problem in existence.
你是真正清醒的人！他们总认为中国式第三世界国家不应该主导任何行业
They were sleeping then suddenly they woke up and realized something had happened, just like Nokia. But this time round it affect the whole of Europe and the US. There is one more thing that made the US dislike China. It is not actually overcapacity problem it was what China had done behind the US that infuriates US. Unless you are sleeping under the rock we all know what China had done to destroy the US. US is just too trusting but i believe the law of Karma will surely get to China. Period.
Do you like it if all the Chinese from China come to Singapore n take over all the Singaporeans' jobs due to lower salaries? We Singaporeans will be out of jobs too! Think wisely!
US and Europe never complained when they dominated car sales in China
Because US and European products are far far more high in quality.
@@kennethmarquez7721 If the quality of Chinese cars is not good, Americans and Europeans can choose not to buy them and let the market decide instead of using overcapacity as an excuse.
They sure didn't dominate because their cars were subsidised by their governments. There is a difference.
@@tsinglin2656You are right! 100% agree!
@@tsinglin2656 if it only were that simple. Especially Europe has strict emission standards and many of the Chinese cars are not compliant. With EV that has changed, which is why you see more Chinese cars in the West presently.
it is not China making cheap product, it is the west making unreasonably expensive product.
非常同意，特斯拉在中国开始降价，因为收到本地公司的竞争压力
With poor quality as well
Their firms are too greedy
Because They don't have natural resources, The West stole resources from another countries, and assembly it in Europe then sell it the globe, of course it's expensive.
.
Meanwhile China has its own resources without colonizing other countries.
@@BT-zw2ix Most western products are made in China, it is that many westerners reband these products to sell them more expensive. In china you can just go to a factory and let your own brand print on it.
Germany exports 90% of its cars & thats overcapacity, China didn’t complain for 45 years.
And 70% import
sure it took them 30 years to steal all this technology
Barat munapit dia watu unggul suru orang terbuka dia kalau ida gk unggul tutup pintu erat2😂😂😂😂😂😂
I look at it this way. China is that hot shot that you would not want your wife to know about. If she did, she would divorce you and chase him. In this analogy, the wife is the American people. The West has no choice but to vilify China. It's what happens when you've prioritized gay rights over productivity.
Because they got something out of it and it's no coming to fruition. China is known for extensive e-spionage.
China's EV export is 15 percent of it's output while Germany , Japan and South Korea export 50 to 80 percent of their output.
Overcapacity ?
Source pls for JP and SK export of 50-80% produced EVs
Edit: data apparently unavailable.
Best I got from all these strangely aggressive comments was hinting at an FT article quoting a Chinese government guy saying something to the similar.
Unfortunately, that article also contained no national or international data sources, which I assumed the OP used to come to these conclusions, hence my request.
Utter BS and CNA should tread a more neutral line. BMW/Mercedes were found guilty of artificially reducing production to increase individual unit prices.
They stopped it.. all the cheap China ev are park in Germany. US and Europe stopped the shipment cause it would have crashed all markets… all corporations will move to China if this happens. We can’t let this happen. This is the same Chinese government that drove tanks on peaceful protest in China and the same government that let millions starve for Russia war and cultural revolution. Don’t forget the brave American and European soldiers and civilians who fought so hard to keep communism at bay…
every machine used to build these cars is made in Germany as well.
@@Idler_JP Are you daft? How do you not fully understand "overcapacity" is just a term the US is using to decry they can't compete? Capitalism 101, companies make stuff, companies sell stuff. It ain't hard kid.
America should leave china alone, we in Africa needs these cheap vehicles and will continue to buy them.
China should leave my country Taiwan alone because we manufacture microchips to advance our technologies.
Dependence mindset is the bane of African development. Build your economies and stop depending on others!
Theoretically, America refusing cheap EVs will make them cheaper elsewhere, including Africa.
if you dont want to build up a manufacutring base in africa: go ahead and buy everything from china
@ipemidayo lol. Nope. Its call improving your capacity & capabilities. Then from there more business can grow & evolve. If cars are affordable, ppl will be able to travel further distances to do business, make a difference to the economy. Africa is not producing cars, you guys can play a different role.
You don't disqualify an athlete for simply running too fast.... if you can not compete, leave the race... period.
What if the athlete cheated? China didn’t get to the manufacturing olympics honestly. And now they combine the IP they largely stole with a low-cost and huge labor pool.
They have openly told the world " We lie, we cheat, we steal and now we blame"
But you disqualify one for Doping. In this case the world's largest hack was from China to steal information from Volkswagen.
And then when China destroyed their drugs, opium war started and British forced China to give up Hong Kong for 99 years and Portugal forced China to give up for 99 years too . .pathetic EU goverment/carmakers
I am with China on this one. "They are flooding our markets with cheaper EVs" Uhmm.. is that supposed to be a problem? If I as a consumer can pay $10 for something, then why the hell are YOU charging me $50? China is just showing how much the average consumer is being abused by the local companies.
more tariffs = more taxes = more money for politicians
💯. 10:59 is the answer why most countries struggle with China's cheap products.
@@ruston_e lazy countries and countries that only invest in military and invasions
Consumers are being hoodwinked by US and EU for producing goods of poor quality and unreasonable pricing.
The Chinese also want to help you. Don't buy American products that are five times higher. If you don't have China to join the competition, American, Japanese and European products will be extremely expensive. What prices Nokia phones sold in the past and what prices did Intel sell in the past?
Blaming China for ‘Overproduction’" is like blaming an A student in the class for studying too hard and taking all the "A's" making the C and D students look bad...what a pathetic argument!!
The objection is more philosophical. It is the parents of the now C and D students objecting to the kind of system, cram classes, singular focus, etc. that have allowed them to earn those A's. They believed in the value of being well rounded and are finding out that being well rounded means that you'll never be as good at any one thing as someone who devotes all of their time to just that one thing. To torture another analogy, the west has largely tried to create decathletes and China has ordered their population into 10 groups who will focus on one event each. The west doesn't believe in doing things that way.
@@benhatcher2603
The issue is the A students take Engineering to become Engineers to produce technical products and the B and C students used their math skills to become Finance gurus to manipulate the US dollar which produces nothing but more fiat paper currency
@@jamesmoy1214 so what makes Bitcoin worth anything? Hype?
@@butwhytharum Yes, Bitcoin isn't worth anything. You can't eat it. If a solar flare comes and wipes out electronics, Bitcoin literally disappears forever. That said, paper money is also not worth anything unless people ascribe value to it. There is actually zero need to "tax" people of paper currency, yet most governments use taxation in order to make the people believe the currency has value, and to distract people from the fact most western governments are funded via inflation. When you have a nation where such deception is not possible, paper currency rapidly loses 99.9% of it's value, like people paying for goods with billion dollar bills their government even printing $100 trillion banknotes (yes a single bill worth $100 trillion). And you've probably heard of the Weimar Republic where Germans were using wheelbarrows to bring millions of worthless reichmarks to stores just to buy food.
CHINA STOLE THE TECH, F THEM!
Blaming China is much much easier than improving yourself.🤣
chinese companies are cheaters and thieves of technology, saving money on research, chinese just steal
that's a fair point, the EU shouldn't have rested on their laurels this entire time..and now that the societies are aging out, we're all in at a critical point, nature is destroyed and polluted, plastics in all human tissues (even placenta and testicles and the brain). Who's gonna fix it, when all our leaders are seemingly interested in is to quibble over stupid jobs and tariffs.
i know right? such weird childish behaviour. Super narcissistic and hypocritical lol
Yep, China is what happens when the government reinvests in the nation as a whole. This has been coming for decades now, why is this a surprise to anyone?
We need to start looking outward, instead of this inward fighting over or our limited dwindling resources, we need to work together and use all of our strengths to spread out from this tiny blue spec of water and dirt floating in the nether! There's a whole universe out there for us to explore.
No one force them to buy steel made in China, so whats the problem. Buy european or American steel.
So they are complaining why China is selling cheaper. Which in reality benefits a common person.
Untill western corporation adds in there cut the west is just full of rent seeking behavior even though things have become cheaper to make everything is for profit and that must grow year on year it was never sustainable
they dont speak for common person. so as a common person, you should know who is your enemy, it will not be China
а где вы увидели/услышали что политики развитых стран говорят о простых людях? они говорят об экономике и налогах, бизнесах и прибылях, своих отраслях и производствах🤗
when german japan and korea cars dominated the markets, there was no talk of overcapacity. Twenty years ago, China was behind in everything. The freaking West, America and Japan got to ask the3mselves WTF happened to themselves? complacent, lack of drive, cosmetic improvement in products, selling high prices etc. Proud and arrogant.
Oh yes they were up in arms when Germany was the largest exporter at one point. Especially, the U.S and the E.U were saying Germany should spend more and reduce their budget surplus.
Actually there were. US has put tariffs on Japanese and European (German) cars many times in the past. China today was Japan in the '80s. Japanese semiconductor, electronic, and automotive industries were hit hard by the US at that time which ultimately lead to the Plaza Accord.
No the US straight up called Japan an economic threat. Japan had no choice but to do what US says
@@hitthedeck4115the bad news is that jp is and will always be the slave of america however cn refuses.
there is 1 big difference: Car makers in the west have to make a profit to survive. While chinese car makers are subsidized by the state.
When BMW sells in China it's fine, when BYD sells in Germany.. it's over capacity
BYD is building more capacity in Germany with German subsidy. Overcapacity my ass.
this is why I lose all respect for western countries.
@@DailyGPT365 Western politicians, yes. I think most of the people in the West want low cost, high quality products.
I am Chinese and I bought BMW last year because it is a golden brand as I see and I have a special respect to German cars :) But next time I will change to BYD, because EV is much cheaper
@@huizhu5302 Yangwang U8 is crazy cool lol. They're BYD more premium brand right ?
Messi should be blamed for over-scoring
😂
Whether Messi scores or not doesn't decrease the number of football players other football teams have.
Did he steal the patents?
@@AthleticHobo-br4qh
It does. It's a sport, but it is also a business. When you can't compete with your opponent, then you will be out of the game.
@user-hd9mz2vx1h the quantity of players on other teams doesn't change. Quantity.
US: Free market rules!!!
Also US: except chinese products
after watching the entire video all i can feel is that China is spending their money in the right places and investing outsmarting everyone else. While others are spending money on war, weapon and unmanufacture related areas, China is spending their money for the future of human kind. I see nothing wrong with that.
But one can't deny that China is an "I cheat you, you cheat me system" I don't want the future of humankind to be like that. let's be real. Tell me I'm wrong.
hahaha ruclips.net/video/mt-Pa5s5zZI/видео.html
ahhaha spending money for the future of human kind? ruclips.net/video/hh6ziI0DrdE/видео.html
I agree. I think China is great.
idiot!! China is the second biggest spender on military in the world!! They are investing in war!! They're fixing to invade another sovereign country!!!
The US has an overcapacity of weapons. 😂
Absolutely
*How about the 💵 💰 OVERPRINTING?*
good
On purpose.
💯💯💯😂😂😂
West lost competition and started playing dirty tactics
And they used the Philippines and the Middle Eastern Countries.
You don’t know anything do you. China strategically targets key industries and subsidizes from the national, state, county, local, to city level.
On top of that, they intentionally keep the value of their yuan lower to keep costs especially labor really low.
You know who loses, China’s own people and our U.S. worker all for CCP industrial dominance.
So we are copying their playbook, forget free markets it’s all about jobs and national security.
Like china forcibly taking other countries territories because they lose the tribunal 😂
@@jonathanong4583 ，did you ask the Native American (Red Indian) and the Aboriginal people of the South Pacific ?
If the west considers subsidies to be unfair because it distorts competition, I would say, forget about your misinformed concept of fairness. Why would China or anyone else abide by a rule that makes them lose and most importantly poor?
Capitalism is the key word. America enjoys the benefits of capitalism and plays money game while China chooses to be an industrialist and entrepreneur. Both are sailing on a river of no return. Everything is so simple but people are blind to the facts.
When you put prices up your catering for middle class and not everyone
Not even the middle class just the elite
капитализм - сам по себе это не плохо. это как рынок - любая торговля это рынок, без исключений. просто в капитализме можно по-разному считать "прибыль"
In the last three centuries, the West has become accustomed to being the first, and that is why it is so upset that it will very soon become the second. But the West forgets that the world has been like this for thousands of years. For thousands of years, the West was the backwaters of the world and Asia was the center of the world
To the West, civilization started about a few hundred years ago, they forgot they were once in the Dark Age!
But China simply copied and stole the innovations of the West going back to the late 1970's when it reproduced cheap toys and jewelry. It simply grew from there and we all knew it was happening back then. Cheap labor is the problem. We all complained about cheap Chinese goods. Back in the day we had beautiful, quality items made in the West. Now it's just junk imported from China.
@@WWLooi-js8rl Western civilization started over two thousand years ago with the Greece and the Roman empire
@@xiexienanana True, but as a dominant civilization in the world, this only happened in the last three centuries
@@kenbehrens5778 Yeah , India and the Middle East remained. The Middle East was completely destroyed by the West because it was the closest. India 50/50 and China survived because it was far away
All countries have overcapacity, that's why you export stuff...
No
@@BrunoHeggli-zp3nl Yes it is. That is usually the goal of Governments who want develop their Countries. It allows for additional capital to enter the country once the domestic markets have been saturated.
Very little credit to many governments, it's an entrepreneurial mindset.
Tell me you don't understand economics lol
❤HAHAHA brilliant well said and well REASONED
I'm an Indian but I respect China's workers who get all this done better than rest of the world
India has the same potential, but it has the same problems African countries are facing which is a political class that lacks imagination, energy, and integrity. The political class in these countries do not see the country as a TEAM. The Chinese government loves and cares for their people.
@@john-tr8jy chinese dictator killled around 1 million + people in tibet
@@john-tr8jy India is not a collectivist society like China, Japan and Korea. At the same time, India is also not an individualist society like Europe and America. This puts India in a unique spot.
Regarding the political class, you are partly right about it. Over a period of time, there have been improvements in terms of ease of doing business and delivery of services. The current govt has done a few good things like building infrastructure (roads, airports, railways), one common tax across states (GST), digitisation & process reforms. Ease of doing business also includes shutting down a business. It takes only 90 days now, provided that there are no disputes . This is even faster than US, China, Germany etc. Earlier, it used to take years.
Turnaround time at Indian sea ports is also faster than China now. And some people wonder how India became the fastest growing economy 🤷🏻♂️😁
And then when China destroyed their drugs, opium war started and British forced China to give up Hong Kong for 99 years and Portugal forced China to give up for 99 years too . .pathetic EU
Thank you, love from Shanghai, China.
Over the last decade, the German and Japanese cars flooded the global market and no one complained!
США ограничивали и европейские автомобили не меньше. dieselgate даже еще грязнее выглядел
Cheap won’t sell but cheap with quality will.
Cheap will sell more then quality
Cheap will sell over quality if the functionality is there.
very true!
@@OryanMcLean You only buy things that are worth the money.
@@joey3291 no you don't
Don't Blame China Over Capacity because US/EU Cannot Produce Anything that is Cheaper and Faster in Delivery. BLAME YOURSELF
They only produce overpriced crap. Everything they produce is overpriced to pay their huge salaries. Its time for them to go and make space for new players on global stage.
USA has overcapacity in military machine, military bases, bombs and invasions of poor countries
@@saellenx3528You are very right and correct 💯 percent.
I lived in Sydney Australia.
Everything is over priced here in Australia.
You have to work very hard to buy a small thing here in Australia.
What about excess taxes here in Australia?
Western world's people were just being greedy simple as that, I mean very very greedy society.
Western world's people want to invest $1 and make $10 profit.
@@johnsonolajide4647 This is exactly it. They put tariffs on things just because they can't compete to artificially pump the prices of the goods coming in, if they can't tariff it, they'll ban it in the name of "national security"
How to do business like an American corporation-
Step 1: Buy politicians and lobby for regulations, tariffs, and subsidies to protect your monopoly and destroy domestic competition
Step 2: Cut costs by using cheaper materials and ingredients, cut employee wages and compensation, and refuse to innovate or do R&D so you can maximize shareholder value
Step 3: Outsource any remaining American jobs to the developing world and hire immigrants to work for less
Step 4: Act bewildered and wonder why line no go up when you gut your business operations and destroy the buying power of the American consumer at the expense of shareholder value
Step 5: Cry for more subsidies, tariffs, and regulations when China (or any competitor) surpasses the value offered by shoddy American products and services
Step 6: Lobby to weaponize the US dollar when other countries refuse to be exploited
Step 7: Watch American industry wither and die and the economy implode
Step 8: Blame China
US and EUROPE Auto Sale have been dominanting China market for a long time, but China has never said about Western overcapacity.
cause they forced those automakers to hand over the knowledge associated with building those cars?
@@hmhmoinsdk but China ha no problem handing over that knowledge to anyone that asks. Edison Motors in the US is getting help from Chinese EV manufactures.
@@hmhmoinsdkforced ? 😂😂😂😂 You eat too much kimchi
@@hmhmoinsdk The US can do the same. Allow Chinese EV manufacturers to setup manufacturing plants in the US, have them help build up US EV charging infrastructure, require technological transfers and learn the know-how. But, we all know Biden or Trump will not allow this. Also, Chinese EV manufacturers are scared of investing in the US nowadays because of all the anti-China rhetoric and the risk of a forced sale like they are currently doing with Tik-Tok. There must be some incentives for companies to setup manufacturing and transfer technology. The Chinese allowed that to happen, while US corporations made trillions and Chinese companies and workers made bread crumbs. They did all that to learn the know-how. Why not provide the same incentives to Chinese manufacturers? All you hear from the West is China bad this China bad that, overcapacity, debt trap, and going as far as having trade talks with other countries and all they talk about is China. 😂
@@hmhmoinsdkForced? If you don't want to do business in China, you can leave China voluntarily. Google is unwilling to follow Chinese law, so it has left the market voluntarily. No one will force you to come to China, or force you to stay in China, you can leave anytime and anywhere.
Remember that China has more population (1.4 billion) than the US (330 million) and all of Europe (742 million) combined.
The 'Global North' population (developed countries such as US, EU, JPN, SK, etc all combined) is about 1.6 billion, similar to china's 1.4 billion. How do you expect China not to be competitive when they are the most aggressive learners and hardworking culture in the world.
The Global North is only 25% of the world population but controls almost 80% of the world's wealth. The US tries to keep it this way and keep the Global South poor. They dont want the Global South(which includes China) to have control of High Value added industries because it will shift the global wealth and the US will lose their superiority.
I think in a capitalistic society and merit based system, its fair that China with their 1.4 billion extremely hardworking population and culture, its inevitable that they will be able to produce more value against the Global North.
Especially when China is a united country whereas the Global North is comprised of all different countries, each competing with each other to some extent.
Me being an Indonesian support that China who wants win-win cooperation and help drive the economy of us in the Global South, rather than the West who has historically seen us as only as a consumer for their overpriced goods, keeping us dependant, whilst allowing us to only be involved in low value added industry and keeping us at the bottom of the global value chain.
An example of this is how the West has tried to force Indonesia to sell our raw nickel (low value added industry), whereas China has proposed to invest in us and building the nickel processing factories(high value added industry) in Indonesia which will create jobs and also create high value added nickel products.
The world is not a zero sum game and the West should realize this, if we work together as humans, we will all be the winners. For example, if every country in the world worked together to create a big network of solar energy, wind energy, hydro energy solution, there would be free energy for everyone and we would not have wars on this anymore. People can even have universal basic income and they are free to live like house cats, not needing to worry about food and shelter, and just enjoy life.
If they are bored, people can explore hobbies, explore space, explore art, explore entertainment, etc.
Your English is very excellent and your piece is very good. Can I know about you. Please give me your contact person bro. Tq
@@AgusXpro hi, why do you need my contact? haha what do you need to talk about, ada apa bro
@@AgusXpro what do you want to talk about? ada apa bro hha
The biggest overcapacity is US DOLLAR!
The dollar is used because you can buy almost anything using dollars, no matter where the product has been produced. Most countries are happy using dollars because some other country producing stuff will accept those dollars because yet another country will sell something in dollars that the producing country needs. So if a country A wants to buy machine tools in Germany, if he has the dollars required, the German firm will accept those dollars. Dollars are held by most countries in the world in large quantities because the US accepts dollars to be held in large quantities in foreign countries. It gives power and leverage to foreign countries. That isvthe cost of dollars to be reserve currency.
When countries hold lots of dollars they can buy anything they want in the USA, including political leverage, companies etc.
If China wanted the Yuan to be a reserve currency like the dollar, it would allow yuans to be available in large quantities in foreign countries. But that would allow countries outside China to buy chinese products, companies and political leverage in China at any time. There is no inflation in China, so the Yuan held by outsiders keeps its purchasing power. So being a reserve currency is not what China may want.
So overcapacity is not a thing in currencies.
Overcapacity of dollars results in low cost for the dollar. Major reason for its worthlessness around the Globe and why very few want it..
@@SocratesOnline you are a liar,the world was forced into using the dollar under duress and threats.
@@randyg4571 well said,it is an overhyped currency by design
If it's overcapacity... why is the USD in such high demand right now? 156 yen to 1 USD.
China in Africa we desperately need whatver you ware producing..produce more and more cheap products for us..we are still coming up and we need them...i am a dentist..15 years ago we ysed to struggle to buy a simple dental chair..they used to cost 10-20 thousand dollars from US or Germany..now we get dental chairs for about 2 thousand dollars from Xi Jinpin..and it works just as fine.....produce for us China! we are still developing we need them here! Produce more!
你的这段话让我想到中国的例子，在医疗器械核磁共振仪器上，相信从事医疗工作的你一定知道它是一种非常先进的医学检查仪器，中国主要从其他国家购买，价格非常昂贵，而且在使用时耗材和专利费用也很高，所以使用在患者身上也非常贵，就在去年，中国实现了5.0T量产，而且性能与德国生产的差不多，价格却便宜非常多
Tofu hair with poison fibre's
China doesn't have to pay for R&D. China does the copying.
@@XJPig8964 That is fine. I don't have problem with subsidy either. And I am sure a lot of R&D goes into a chair. I wonder what kind of R&D is done for a $80K garbage can.
@@XJPig8964指责别人抄袭或者生产过剩 是你们西方国家的政客为自己无能找到最好的理由，但很可悲的是你不一定是政客，只是一个普通老百姓
China dosnt have an overcapacity problem...
America has an overspending problem...
Toward the end of this video it was stated the US will need to spend $82Bto become self sufficient and compete in solar energy. That is 1/10 of the US annual expenditure on their military. The US has a BIG problem with PRIORITIES.
considering us situation.....yes
Yeah You are right but America is getting old, America lost the competition that's for sure. So did Uncle Sam is started to find a way to make a dirty business which is a War Business. And that is a Cheap Trick. Killing people to make you strong is not honorable. Look at Ukraine? Where are your Ethics, Where were your hearts bleeding for? Oh, blame it to Russia.
China steals intellectual property, subsidizes industries….oh and militarily they threaten all their neighbors. Evil country.
You're so sweet Gemma, where are you come from?
All countries must subsidize solar production like China did in order to win against global warming
环保对于西方来说只是政治武器
зачем вы хотите бороться с потеплением? у меня - холодно, я против борьбы с ним
Calling it an overcapacity is giving "economy of scale" a bad name.
Yes and competitive advantage due to their mere size. Are they to he blamed for that???
No the overcapacity is government funded in order to create dependence in other countries so China can exert political domination.
EXACTLY!
The economy 101😂 from western countries
The western countries have a long history and mindset of colonization, and they would like less-developed countries to be stuck forever in low-end labor industry. It is time of a change!
indeed. Spot on Now TIME OUT for greedy countries.
A power struggle can be catastrophic.
con graduation, this made zero sense and you managed to combine two topics that have nothing to do with one another
Indeed. This is what some people been say but apparently they think China is the blame, but it is not. The real threat in our world are western nations like the USA.
Because they want to make you poor so that you can rely on them and begging them they don’t want self dependence
There is no trade without “overcapacity”. If you only produce what you need, then there is nothing to export.
have you seen all the dumping grounds of evs that are catching fire all over the place
@@elliottso6949no one force you to buy it.
@@elliottso6949 , then no worries. Nobody will buy them
key here is state support, you can't use the power of a whole state against any single private company
@@XYZ-nz5gmIs that why the US EV industry received the most subsidies in 2023? Let alone it's history of subsidizing agriculture and oil
Definition of subsidies -
West on west - national security , helping local industries.
West on China - cheating, dumping, unfair etc.....
What is your definition?
Pray tell. 😊
god on west: 🤡
For the last 100 years Europe and the US then followed by Japan and South Korea had always exported car over capacity to the whole world. Now that their companies are no longer competitive they blame the competition.
When did Asia complain when the US was the factory of the world? I remember a time when the US exported anything from towels, beddings, and garments to luxury hi-fi equipment and cars. Those were also the years the US pushed for free trade and the abolition of tariffs. Asia didn't complain, but happily bought those goods, admired the US for its industrial prowess, and simply hoped that one day, Asia could do the same.
Europeans have their cars beautiful and not strange from China.
Lions don't cry, but dogs do.
and now they are it was all a lie
the US do it. It is free trade
When you do it ,they say no .
Well, I still buy American-made tools.
@9:45 blaming poverty, homelessness, drug use, depression manufacturing jobs disappearing due to China's manufacturing, are you for real right now? What about the 1% having more than half the wealth in USA, that probably has nothing to do with it right? Can you try at least to be a bit more unbias in your reporting. Like they were saying a lot of those job losses were originally due to automation and machinery, the same thing is going to happen now with the rise of AI. People need to re-train and be proactive instead of blaming China for all your problems.
Well said 💯👍
He forgot, it was US that coin globalisation, that led to US companies investing to China, as US workers has gotten so expensive, not forgetting the strong US union etc ...
Are you dumb? That was the question posed by CNA, not a response.
More than 100 countries use fentanyl as a medicine. But fentanyl abuse exists only in the United States.
So, whose problem is this?
that's how politicians operate? that's how they find their buffet? 🤪🤪👻👻
I spent about $999 plus tax for a set of garden tools, including: a Self-Propelled Mower, a String Trimmer, a Leaf Blower, a Chainsaw, a Hedge Trimmer, 2 Batteries, a Single Port Charger, and a Dual Port Charger. When I need another two more batteries, the company charge me $250 each. Wait a minute, how do you figure out this reason of so high price of the 60V battery?
60V的电池在中国甚至卖不到250人民币，大约100人民币。。。。
That's why I couldn't buy wireless tools in the end!
Decades ago, China made the strategic decision to invest in future technologies while the world was fixed in other things. They knew they could no outcompete developed countries in their field of expertise, so they invested a step ahead to have the lead.
This is why they were working on 5G when the world was still working on 3G/4G. This is why they invested in Solar Energy when the world was fighting Oil wars in the middle east. This is why they invested in developing Electric cars and Lithium batteries when the world was thinking about what gimmick to add to cars.
They were thinking about the future while everybody was at the party. They got results. So now, because they have the lead in those sectors and you are late to the new party, the western developed nations call it unfair. Such hypocrites.
Japan faced the same fate decades ago with their industries. They were crushed and accepted that fate imposed on them and their economy. Outsiders decided for Japan what was the "best" for them and they suffered the consequences in their economy. China already have the reference of what will happen in the "good intentions path of the western powers".
On point
China is run by enginneers the tried to figure out solution. US is run by lawyers, they think passing a law will fix problem.
Indeed!!
true
I am glad you know the truth. Alot of Americans are clueless.
Overproduction or Overcapacity is just a shitty way to say you cannot compete and you want to destroy the other party via dirty tactics instead of actually outperforming them.
I love shopping at factory outlet. Great deal
nope it says: your people are too poor while you still export
if chinese people had become rich the export volume of china would shrink as a share of gdp since consumers in china would buy the produced goods - it doesnt happen
and thats why theres a lot of youth unemployment in china (not enough jobs internally) and china is exporting so cheaplky (not enough internal demand for their goods)
@@hmhmoinsdk Are you talking about China or US? US export is low because their people are rich? I think many Americans will disagree with you. US also have a youth unemployment problem despite low unemployment number. Latest number in Mar I think is 9.2%. I am not sure what your point is.
@@davidwong5197you are misinformed your own country China has stopped publishing the unemployment stats for the youth as it will lead to a revolution
@@davidwong5197 by definition if you export more than you import your people produce more than they consume and are therefore poorer than their productivity would allow them
Salute CHINA❤ had it not been China Africa would still be called jungle by westerners
A lot of African will be out of business. I think Africa is also becoming accustomed to China
@@charlesagyemang1692 china is investing heavily in Africa and sharing technology something the west has always refused to do in Africa for some reason
How is that multi billion dollar train project going? oh its abandoned? 🤔🤷
@@60deathman Western might not be an angel, in fact they are responsible for a lot of wars but be careful with chyna their own people have no voice would you really want to be under the yoke of such?
China exploits Africans for their natural resources.
Simply a must-see Doc, Comprehensive, somewhat give all sides to defend their point view aka objective.. and very informative with recent data. I hereby award this vid the best doc i've seen in this summer 2024. Thank you for sharing.
As a European I fully understand his points. We used to be manufacturing and innovating powerhouse. Then we rest on laurels, grow lazy and missed the moment when others surpassed us.
When most kids just want to be Youtuers, TikTokers, and professional gamers, not enough kids going into STEM, what do you think is going to happen in just one or two generations? I worked with Chinese Students in R&D and they are usually smart and hardworking. I am an American and I would like to see US suppress China. However, I need to speak the truth. We are behind and I am sure everyone knows about it but just hates to admit it. Personally, I think it may be too late for us to fix it but late is better than never.
Turn woke go broke
And you didn't complain of overcapacity when your cars were flooding the world market, did you?
Any country can develop comparative advantage with government assistance.
@@PChan-yt4uf of course not. Complains started when others (Japs) started selling better cars for less in the 80/90s.
Accusing China of EV overcapacity is akin to Kodak blaming digital camera companies for overcapacity, or Nokia blaming smartphone manufacturers for overcapacity.
They missed the boat but blame others.
you obviously have no idea kodak invented the digital camera
No it's not lol. If one camera is made by a state funded company using slave labor who can't even afford to rent an apartment and another is made under livable wages with worker protections and environmental rules then pretending the lower price of the first is an achievement is grotesque
@@jarodarmstrong509 You are so 20 years ago dude. I don't know where you are, but I'm sure nothing much have changed where you are in the past 20 years; every time I visit and re-visit any Chinese cities, there odd to be something new.
@@hmhmoinsdkthey did. But didn’t want to go into it as they thot it would kill their film business. Well, others did it for them.
Why don’t they protest when Boeing in the United States and Airbus in Europe have a monopoly on civil aviation? European and American products are expensive and monopolized. Why can't China's cheap and good products be sold?
Many Boeing/Airbus parts are made and assembled in different countries where everyone benefits. Creating jobs and increasing standard of living in many different parts of the world. In turn increasing GDP, purchasing power, benefiting the world economy. Can't think of "I" lets work as "We" for the greater good.
@@i360travel9 Chinese EVs can be also made and assembled in Europe or US，Chinese car companies are also happy to do this, but are European and American companies willing to do so?
@@i360travel9 That is why BYD is building factories in Mexico. And look what Trump just said? You may wonder why BYD wouldn't build factories in the States? Please refer to the speech the CEO of BYD just gave: political uncertainty. How the US government treated Huawei is a good example.
@@i360travel9Hmmm...sweatshops for the 3rd world, value added for USA and Europe!
Western did not have mirror in their country.
10:59 “They have made alot of money from China,made pots of money but they haven’t share these profits with there people.”
This is like asking someone in a race to slowdown so that you can catch up 😅
Problem is the US wrong focus - War, war & more wars. Wars everywhere. They should focus on improving their own ppl's lives.
Not really. China is spending its country's wealth to make other countries depend on it so China can politically dominate it.
Other countries are in the "race" to create wealth from industry. Its two very different races.
with democrats there is no chance.
@@Nicole-zo5xt as an american gen z socialist my country relies on war a lot and their many reasons for this some yt channels explain this like breakthrough n'ews etc
@@Nicole-zo5xt US war machine is what mantains capitalism running in global scale the way it is. All nations can achieve a minimal industrial development without being invades by US / NATO.
The whole "overcapacity" argument is stupid beyond believe. Its the fundamental law of trading. The whole point of over capacity is export or selling to others. Telling China to stop exporting is like telling a farmer not to sell their crops and produce.
trade only works if there is a balance between exports and imports. And China exports a lot, but they don't import much. If a trade relationship only benefits one side, then it cannot be allowed to continue.
@@thegreatdane3627 🤣😂 "free market"
@@thegreatdane3627why would there be “trade” if one party doesn’t benefit from the transaction? Your logic is flawed.
@@thegreatdane3627 They don't import enough from US. But they have trade deficit with Australia and some of the Asean countries. Your view is US-centric.
@@thegreatdane3627but China has a trade deficit from countries like Australia
If your job is in danger blame your employer for not engaging in innovation, competition, and other basics of business. Don't blame china.
LOL imagine thinking china is beating western nations because of innovation. more like slave labor and poverty wages. call it like it is lol
we can easily do this but then we'll have people complaining again. boohoo slavery
Blame urself as well. What other skills do u have and how worthy u r
There is an overproduction of Facebook and RUclips and google... Tell china to open their markets as well...... Ooooos I forgot china can block whatever they like..... So it's US fault if they do the same.
Some pro chinese mentality🤣🤣🤣
The salary if Chinese workers are lower because of exchange rate manipulation. There is no reason why the Chinese workers wages should much cheaper than US and Europe.
Answering:
That is exactly what I was thinking. I explain in other comments. Europe has had lazy neoliberal thinking for say about 40 years. Before that after the war Europe and Japan had a more directed economy. In Europe in the 70s they started to « liberate » capital, which went to China and other developing countries with the effect of weakening labor in the West and having private companies not invest in innovation athome but building factories in China and the developing wold. Finance became important redistributing money to the rich and freezing and reducing salaries in the West dismantling the welfare state.
The current leaders are clueless and stupidly maybe intelligent. It takes time to replace them . Read Werners « Princes of the Yen ».
@@SocratesOnline
many factors other exchange rates affect wages
Now US forget about Free market? 🤣
Electric cars are very expensive to buy in Europe. "Overproduction" of electric cars from China brought price down, which is good for the environment, as most people can afford it. Isn't this what "earth" wants?
Its not what the West wants they only want their slave populations to be paying over priced goods from them so they stay rich powerful and in control.
Yh but that who cares about the earth when there’s money to be made.
But..but...the oligarchs are loosing money from all these cheap China stuff. Once they control China then you hoi polois can have those cheap goods.
The choise of EV is basicly who do you want to have full overview of everything you say, anything you do inside or outside of your EV. I prefear the devil I know to the the devil I don't know (China). This is because of the huge batteries that makes them outstanding for mass surveilance. Remember, any company in China equals the chinese gouvernment.
u CCP bot.
I know as a working class American I could use a $11k BYD car but I’m forced to buy 30-40k car that I can’t afford but then have to take a loan that would cost me as much as the car itself costs.
So the question is who’s getting protected here, us regular people or giant nameless faceless corporations???
在中国3000人民币一辆的电动三轮车，美国居然说他价值几万美元。哈哈，中国人听了都笑了，连一辆电动三轮车都制裁。耽误美国8万美元的皮卡销售了
If you don’t have 30-40k and living in America, you are poor
@@milandraskovic9062 60% of Americans can’t afford a $400 emergency fund and that’s from the federal reserve study. So yes most Americans are poor including myself.
This is the best comment.Happy and satisfied to see a general American also knows the the real game👍👍
@@keinaanabdi6821 The names were on the new cars burning outside the U/S factory. Never had a chance to be Found On Road Dead. 😜
Forget about mocking the US or EU. This right here is a video with a lot of lessons. It shows you what a nation that focuses of human development can achieve in just few decades.
Thats precisely the mocking that those governments set themselves up for.
Awesome intro dude ❤
The west is saying if I can't do it, you can't either although you can do much better! Thanks China for suppressing the greedy capitalists and liberating consumerism.
And actually, going for renewables on the scale it needs to be done. Thats what China can do, they can actually do large scale infrastructure projects on scale & speed they need to be done.
Thank you, yvonwheel, I totally agree with you.
It's good for consumers but bad for the mostly EU companies and innovators which the China copycatted and sold for much cheaper, because they don't have to bear the r&d costs - bankrupting the original inventors...
I'll go further. You are not to do anything unless we allow it, but we can do whatever we want. We're fair and balance, abide by the international rule based order who set the rules, therefore we are entitled to break it whenever we see fit. Can't beat that "WE'RE THE GOOD GUYS" attitude.
@@Allgood33 Yes, that is China's attitude in a nutshell. Very good copy of USA and UK.
China’s ruling class learned from the painful lessons of the “Century of Humiliation”. At each juncture, China missed out of the past Industrial Revolutions. Hence, modernity was out of reach and it rendered the nation backward and weak.
Chinese are basically hardworking and are fast learners with an average IQ of 105 and above (among the highest globally).
Given a conducive environment and the right policies, Chinese tech can really take off and surge ahead.
“Agricultural China” had been the leading economy for millennia and now “Industrial China” will take the world by storm. You simply cannot pull down a hardworking and innovative people. Period.
It’s not about pulling them down. Yes Chinese work hard, I am part Chinese but CCP is strategically controlled their entire economy and target key industries.
It’s well-documented. Theft, tech transfer, etc.
A free China would be in ours and global interest. Free China means Westerners can no longer complain and China will ascend to the top, but not with the CCP.
@@aznjchau 、小朋友你也太纯真了，傻逼才会因为自由跟你做生意，背后都是因为军事，你自由只会像巴西那样肆意被人践踏
@@aznjchau haha CCP won son....stop trying to re-fight the chinese civil war, Taiwan is chinese territory pal
@@AugustusOmega Who said anything about Taiwan in my comment. Free China is not Taiwan “son”.
CCP definitely losing now, you can’t even take Taiwan if you wanted too. You’re boxxed in “son”.
CCP strategic blunders turn everyone against them except Russia and NK BAHAHAHAHAAH
@@AugustusOmega Where you at CCP ???
Free China and you get Taiwan back and become bigger than U.S.A. if you become a democracy.
China so great they copy everything Western and you might as well copy the government like Japan and South Korea did. Look at NK compared to SK!!!!!
Look at Japan when it copied democracy, 2nd largest economy. China can be #1 co-exist, live in peace, forget the 100 year humiliation, and move on.
Stop trying to reinvent the wheel, it's proven democracy is #1 in government. Create democracy with Chinese characteristics!!
When there are only European and Japanese cars in China why then they don't call it over production?
Chinese work 14 hours a day, 6-7 days a week while European only work 35-40 hours a week, how can they compete with China? You want to be lazzy and you wouldn't allow other people to work hard? Well if you think Chinese EV are so cheap, while don't EU and American countries lower their workers pay? If you pay your workers $500 a month, you can compete with China.
😂 BYD are made by robots. At least 70 percent is automated
When you have to tariff and ban your competitors products cause they're better and cheaper, you've already lost.
'Cheaper' because Western goods are grossly overpriced for the quality offered.
They are overpriced and then sell them to us, with half price and we never can buy a new car in my entire life like me. I bought an used car and I have it for more than two and half decades and not only htat no money to fill it, it stays parked all the time.
US workers are also way overpaid. Underpaid by US standards actually.
You pay mostly for the brand rather than the product
Western products are expensive because their labor don't come cheap.
@@etow8034But the dollar worth more on the international market, an average American worker can afford a car and a well furnished house in a decade, and that is unimaginable in the developing countries.
What overcapacity? You just buy when you really want to buy. No one force you to buy.
👍
It's not China over-capacity that will kill the West's business, it's the dirt cheap cost that the West can't compete.
psychologically manipulative marketing and advertising enters the chat
@@TurdFergusen you mean western branding style and marketing?
@@MrYsosad china is trash wrapped in garbage
The primary issue is the disparity in currency exchange rates. If the entire world were to adopt a single, unified currency, global equality and fairness could be achieved. However, we all know that the US and Europe would never allow this.
China has not overcapacity in high tech and green energy. Today, China is over competitive in many fields for the rest of the world.
Good. Keep your good things in your own countries then. No need to share.
Then tell ur $tup!d country leaders not to engage in any international trade forever, better think carefully before writing any $tup!d comments next time@@leehyunsong7001
@@leehyunsong7001I want affordable EV in U.S. Things are way too expensive here.
@@leehyunsong7001You & your country can't be a US female dog forever, try growing a backbone. Stand tall, look at your western masters right in their faces & tell them to go "F" themselves.
@rhena229 and putting tariffs on Chinese goods will make things even more expensive! The new Chinese EV looks amazing and it's only about 10 to 11thousand dollars! I heard it's a good decent quality too!
When West dominates the tech industry in the past, you won’t hear the West complaint. Now, the table change to Asia favour, complaints complaints every day. What do you think.😮😮😮
When East dominates the industry in the past, you won’t hear the East complaint. When, the table change to West favour, complaints complaints every day. What do you think.
😂😅😂😅😂😅
Just look at Navida , AMD and Intel ,should they ask every one not buy their product just because overproduction？
What do I think? I think I'll have a burger and fries for lunch. 😋😋😋
They can monopoly social media platform, facebook, twitter, those big tech companies only need to recruit 10 more employees to run those in a midsize country and profit billions, even using those platform to intervere politics in foreign counties, but they think it is fair
When you see the West losing in trade war with China, you will see the West will play with many new words like "de-risking", "overcapacity", or "Overproduction", but in 20th century the West exported a lot of cars to the world we didn't hear those words at all, can I say the US "Overproduction" about export oil and gas, computer chips,.....
This is a very good documentary report. It is objective and free of bias. If China has been able to catch up and eventually surpass the US and EU , in several domaines this means that its model of production and the philosophy behind it is good and effective. So instead of smearing China for its success and taking sanctions to slow China progress it is advisable that the western powers review and readjust their model of production to avoid being outcompeted by China in other areas all the more considering their huge financial power. In my view cooperating with China in technology and R& D will be beneficial for the advancement of human kind. However the big question is whether the west is humble enough to accept that.
The Chinese EV overcapacity argument is flawed. Why? Germany car manufacturers export 80% of their production whilst China only exports 20%. Go figure. Since 1900s US has exported between 60 to 80% globally have they been over capacity Only when the tables are turned the that is the case
"We want you to go green with EV but only if those are made in Germany"
As someone living in the country without a manufacturer of solar panels or a real local car factory, I want cheap solar panels and ev.
If it was about some products that are not beneficial for the environment, I would be against it. But we are in dire need of green energy and transport. This is not a place to be petty.
@@stevabinok2909 EV is less than 4% of Chinas exports, you will notice they dont complain over things they need from China...
Occidente apoya el libre mercado solo cuando son ellos los que lo dominan cuando son otros ya empiezan a jugar sucio vulnerando el mercado libre y imponiendo el proteccionismo y en el caso de EEUU y europea sus pretextos son ridículos ya que acusan a china de que su gobierno subvencióna a sus empresas algo totalmente legal y que también hace EEUU y europea lo que demustra su hipocresía y doble rasero
The poor brothers in the third world need affordable technological products. The West controls technology, controls production and raises prices, depriving most people in the world of enjoying human technological progress. The West is very shameful.
Not true. All the rest of the world has been players and surviving but if China is allowed, she’ll push every other country out with low, low, low manufacturing costs, retirement benefits, etc. China must keep their heavy industrial products in China and only export little industrial goods, which have made her the 2nd largest economy; otherwise, the rest of the world will start speaking Chinese. This is the goal of China.
China is not overproducing, but rather over-efficient.
Wow, Overstatement if you are not a Chinese Trolls.
Indeed. It's like they have enough to generate energy for the world if needed. That is like as if I got a life time supply of clean drinking water and i give it to the people for free too.
@philsheild211 Wow, Overstupid if you are not a USA dog.
a Filipino? too hard to not to be. Even true Filipino patriot Duterte can't save you all.
The west is over lazy and over jealous
Over efficient and cheap labor. People are not benefiting from it.
Why don’t they talk about Free Trade now?
'free trade' was only good when China was producing cheap plastic things.
its not free trade because china artificially lowers their prices with their government subsidies
Free trade when they are winning but trade barriers when they are losing.
Free trade is for colonies only.
Free trade = more western exports at into developing world
Overflooding = when there are more imports from developing world
As of today, Germany exports 75% of its vehicle production, followed by Japan about 60-70% (I forgot the exact figure) and Korea (more than 50%). China exports only 15% of its vehicle production. Where is the overcapacity logic?
50% of 3 million Vs 15% of 30 million. 1.5 million vs 4.5 million.
@@highlander_nepal you're shifting the goal posts.... So China is a big country. But so is the US compared to European countries. Why weren't Germans decrying American "overcapacity" this whole time?? Why is no one making documentaries about African countries rightfully upset at Western "overcapacity" stopping them advancing their own industry? Why is it that when Latam started putting tariffs on US goods to develop their own industry the US immediately started staging coups all over due to "fear of communism", when apparently it's A-OK for the US itself to behave the same way now? Why is it only when it comes to China doing these things that everyone is clutching their pearls?
The West is afraid to lose its competitive edge in the global economy, that's all there is to it. It's really shameful that they need to dress is up as China's moral failing to save their own faces instead of admitting that maybe outsourcing all their manufacturing to China decades ago to focus on a service economy was maybe not the best long-term decision. China is not being evil for learning how to do capitalism from the West and then doing it better. It's ridiculous that suddenly the US itself doesn't like free trade or the free market anymore, the second that they stop being the main winners of their own game.
@@g_wylde i respect your opinion. West is not worried about today’s 15%, they worried it’s reaching 50/60%. Thats like 15/20 million car exports per year. Btw i own a BYD Atto 3 :)
You are being disingenuous. China's vehicle production is driven by unfair trade competition. It is not a free market when whole industries are bankrolled by zero interest government loans to manufacturers, free land and government building you factories. Such policies are against WTO rules and China has not been following free market rules since 1992 as that Chinese academic clearly stated.
Well said 1431
Well I think we got the bastards on the rails Israel is surrounded except the ocean but the Russian fleet is on the way shouldn't take him long coming out of the Black Sea yay bricks
May America bow at the throne of global financial Harmony and proper and fair trade with equal treatment for all
😆Soon Chinese parents will look at their children at dinner time and say ：
"If you don't study hard, you will only be able to drive a Mercedes-Benz and a BMW in the future."
😂😂
Or "eat all your food, there are starving children in America "
😂😂😂
😂🤣😂🤣
lol good one !
Why does the US cry every time. China is giving a cheap price, what is wrong? Best wishes to China. The US should focus on competition, not the dirty tectits.
Narcissists one and all. Entitlement ruins their lives! 😂 I've no sympathy
On the issue of subsidies :
Article Title : "US offers $12 billion to auto makers, suppliers for advanced vehicles"
Article Title : "BYD Got €3.4 Billion Chinese Aid to Dominate EVs, Study Says"
They have both quantity and quality.
Article : "Most of the 2024 EuroNCAP safest cars are Chinese"
Text : "The presence of Chinese-made cars among the top performers highlights the country’s increasing influence in automotive safety standards, and especially BYD, which is the only car makers with 4 cars ranked 5 stars : BYD Dolphin, BYD Seal, BYD Seal U and BYD Tang."
And best tech.
Video Title : "China's BYD New Hybrid Cars: Ultra-Long 2,000 km Range For Under $14,000"
Video Title : "Toyota will stop using its 'old' hybrid tech and switch to new BYD systems"
weird, 40 years of unlimited western neoliberal expansion and they never once complained about 'overcapacity destroying people's livelihoods'
The truth of the matter is, for the past 30 years America was investing in a global war of terror. While China and Asia countries were in vesting in technology and production of essential goods. Blaming China would not solve the problem, making structural changes in your investment will.
That is not it. China is spending their resources to dominate certain markets and create dependence in order to politically dominate.
If you like China dictating policy in your country, go right ahead.
Western politicians can't do anything for their people. They are owned by the lobby groups of weapons and foreign countries.
Or perhaps used the Philippines to make war with China. Working on the Shadow with Cheap tools that is called Fake news.
The ccp steals and runs like a mafia😂
Oh, My God, Where were the Ethics. We are talking about People get killed and no one gets the Punishment!
the real problem for the western country is the complacency.
I wouldn't call it complacency. To me it seems more like hysteria!
But you might mean smugness! That they had a lot of, for a long time.
Its the stock market. We launch companies to sell them not bulid and run them well.
S American, S Africa and S Arabia are also protesting PRC steel exports. I'm pretty sure these countries are not in the West. LOL.
@@stoneneils
In the PRC they have property developers to collect buyers' monies.
Us can't work like China do... They are so focused on welfare that they lack behind...
Overcapacity? Actually, they blame China's overcompetitiveness. They can't swallow their pride, do they?
overcompetiteveness? copy & develop is taught on Chinese schools and universities as an acceptable method of doing business. In other words the Chinese are
taught that plagiarism and the theft of intellectual property is acceptable. To most other cultures however, this is a big no go and this is what the West is blaming China for. China simply has proven to be an unreliable business partner. Cut the cost of development out and you can dump products for very low prices.
competitiveness from poor worker rights and conditions. china is trash
it's hardly overcompetitiveness when it's the government doubling down on their industrial subsidies.
@@ntro9347how can you copy something that’s no existing? Battery, solar panel are two very good examples. Dont trying to to fool the others. Nowadays, most popular software development methods are open source. Everyone is building things on top of others. Something happens on industrial world. Get some education before repeating the overly repeated lies.
China ridiculously subsidizes their industry with state policy. This will fail because they are picking winners and losers and not letting the market decide.
very good video 🎉
We cheat lie and steal but when we are loosing we cry.
That's China!
@@covertpuppytwo3857 ruclips.net/video/puH3KWgMMP4/видео.html
@@covertpuppytwo3857 that's exactly who you are!
@@balababalala8854 I'm not China!
@@covertpuppytwo3857 of course, u are dumb
That one minister made alot of sense. Our corporations made a killing in profits moving the manufacturing sector overseas but did not share those profits with the American people.
we have many american corporations in my country and the pay on average 5-7 dollars a day, i always thought each person here works to pay for himself and to pay for a couple of americans who don't work to sit on the couch drink beer and watch football all day in their owned home with 2 cars that their goverment paid for, who is benefiting from this sla/very then?
Time for CNA to produce another program talking about US overcapacity in warmongering, in nuclear weapons that can destroy the world 1000 times over, overwhelming homelessness of almost one million americans sleeping on streets.
It will never dare to ...🤣
@@happymelon7129 Why. Ang mo tuo kee is it
Time for you to go work in cna and tell them what to do next. Hopefully they will hire you at the first place.
It doesn't fit their narrative
We will continue to add pressure to CNA if they continue to give bias and unbalance stories about China@@leehyunsong7001
Excellent coverage
Everyone country subsidized something. The US subsidized weapons manufacturing, China subsidized consumer goods manufacturing.
Actually the US also subsidies a lot of other things as well, not just weapons.
Not just on subsidy, the US just failed on a lot of areas because they put on less efforts and yielded for huge returns. They got that what they wanted before with their hegemony , until China rises
The US subsidizes the production of chips and cars too
Europe is talking about fairness now 😂😂😂😂...
But never thought of fairness when you are dumping your industrial goods in Africa during 80's & 90's
Till now we have European scraped cars running on roads
Half of africa lives from EU financial asistsnce lol
@@edringweeko3419 不要担心，超高性价比的中国汽车马上就来了.
@@xhardcorexsupportxyou stole their resources and you have installed puppets in Africa. Without the African cheap materials you’re Europe will fall.
@@xhardcorexsupportx that arrogance takes u from high point to down here😅
The problem with the West is that they cannot compete fairly! The US is also subsidizing their car plants and battery factories with tax incentives which is a form of subsidies!
The real reason is the West thinks only they deserve the good things. The rest of world is their playground.
What do you think china did?
当竞争不过时他们选择打压
@@CarterSimon777Make crap with slave labor
"Fairly"?
Do workers have freedom and labor rights as in the West?
The world has become a board game in which:
USA is playing Checkers, thinking 1 move ahead.
Russia is playing Chess, thinking 5 moves ahead.
China is playing Go (Weiqi 围棋), thinking 10 moves ahead.
China is providing a much more affordable and high quality products for the consumers around the world.
This is helping consumers to tackle the insane inflation we all facing.
Funny! china high quality products 😂😂😂
0:20 I have a standing flashlight from China it's 12 years old it's one of the best flashlights I've ever owned in my life and I've owned dozens and dozens of flashlights.
@@martinmcewen4614 There are different kinds of flashlight in China, for fishing, for long distance trail running... I have some for long distance trailing running.
Germany sanctioning itself by buying overpriced fuel from the US instead of cheap Russian oil hasn't helped the situation.
Western governments are blaming China for their failure.
Western governments investing in wars, while China investing in new technologies.
Oh that is so True.
Typical behaviors of a loyal lapdog
Lol. So wrong. Supporting an evil regime like Russia isn’t helpful.
Thier hands are tied, the big Bosses have their military base firmly in place there,same with the japs
13:33-14:00
What a nice take, good point.
Such hypocrisy.
When Australia mined more coals and iron ores than what what their local economy can absorb, they sell them abroad without getting the label "overcapacity".
When US and France produces more commercial aircrafts than what their local economy can absorb, they have no problem selling them abroad too. Nope, no concerns of overcapacity here.
New Zealand, they have twice as many cows as humans over there. They exported a whooping 95% of the milk they produced. But nope, no overcapacity either.
You can only go overcapacity if you are Chinese.
The difference is, Australia consumes. The US actually has a trade _surplus_ with Australia. Completely different story with China. You can make up excuses all you like, but in the end, it's the hard figures and the facts, like the trade balance, that tells the truth.
@@lc5176so your just mad America is running a trade deficit with China. 😂
You can only be slapped overcapacity if you're not a European or American.
@@lc5176interesting point. What does Australia consume? China has it's own consumption as well.
@@lc5176let's take South Korea as an instance. Most of South Korea cars are exported. And it enjoyed a trade surplus against US.
Born and raised in Texas, I believe china is going to skyrocket past the US in GDP within the next 10 years. It's difficult for many of my friends to accept, but I see it unfolding. I started learning chinese last year to prepare.
Tell that to the Africans. Move to China and never come back.
lol. theatrical to say the least.
I started learning Chinese as well, because I think the future is Chinese.
They already surpasses usa gdp by ppp.... However usa 34 trillion debt is more than their whole economy😅
Specially now that Saudi Arabia - Dollar Oil Agreement already finished. Saudi Arabia started to adopt China and leave Uncle Sam Behind.
Just embarrasing how losers are finding excuses.
The main issue is likely that much of the richer world has become complacent and they expect to remain rich easily.
But a lot of it has depended on easy access to resources or cheap labor in the rest of the world. And as the rest of the world advances, it becomes less easy to maintain the advantage that their ancestors worked hard to create.
Well what is the saying the customer is alway right
such exact comment
bakit noong wala pa ang china, hindi ba dumping ground ng overproduction niila ang filipinas. importing cheap raw materials and exporting costly finished products. at least, lower o cheaper ang chinese goods, altho hindi maganda sa economy natin.
sore losers
If the west is seriously concerned with global warming, it should be welcome news that renewable energy products are more affordable and accessible.
Western leaders are like clowns.
I agree. And other leaders are like Winnie-the-Pooh.
But like a more evil, genocidal, tyrannical, authoritarian version of Winnie-the-Pooh.
we are not clowns, maybe cry babies tho.
@@Idler_JP Cry more.
@@Idler_JP Clown
@@Idler_JP clown detected....
I am an indian. India has tensions with China but I am in full support of Prof. Wang Yiwei here.
@@koushikdas1992 u yapping like this guy is narendra modi himself. stop conflating individual people with their government, headass.
@@koushikdas1992 Western block and Russia are on the same side now??? Are you serious????
China & India never have serious border trouble before the coloinst came. Nowadys due to better transport & trade system, all countrties have border conflicts. Not a big issue as long as all countries do not escalate minor border conflict into full blown war. Look at Russia & Ukraine, a good learning lesson. Hope we all have a peaceful time.
@@koushikdas1992 india strategy is non alignment udmbs, smart move
@dileepkrishnan4276 only Muslims, right? Not the rapists corrupt criminals but only those with different religious beliefs.
I'm from India. I support and appreciate China.
Same
这些西方人认为除了他们之外，其他人就应该做这些肮脏工作。让我们患上癌症，然后死去，而他们可以享受我们生产的廉价产品。然后我们为了治疗疾病要去进口他们的昂贵药物。还有那些医疗器械。😅😅😅😅😢
That's wrong. Our India is also riddled by chinese overcapacity industries. They are dumping their goods and destroying our industries and jobs. Dont think chinese stand will be good for India.
Same
You belong to the 5 percent of well informed Indians who are aware of what's going on around the world and thus not easily brainwashed by your corrupt leaders anti China fake news propaganda.
Overcapacity? Overproduction? Actual fact, no matter how much China can produce are still not able to meet market demand, which means under supply.
Blame China for everything.
It's so easy!
Forget about trading with China ! Trade with other countries will be better! Trade less with China! China always cause headaches! Xi Jinping is very inconsiderate ! 😊
Yes. Good to blame China! Inconsiderate! One day you will also be taken over by the inconsiderate China !
West bashing channel just moved to East😊
Well… China claims everything except Covid.
The “China overcapacity” accusation may look like an economic discussion, but the truth is, the accusation is built on false logic and ignores more than 200 years of the basic concept of comparative advantage in Western economics. All countries produce and export products of their comparative advantage and this is the nature of international trade. If a country should be accused of overcapacity and asked to cut capacity whenever it produces more than its domestic demand, then what would countries trade with? If exporting 12 percent of Chinese-made EVs is called overcapacity, then what about Germany, Japan and the US who export 80, 50 and 25 percent respectively of their automobiles? Wouldn’t that be considered more serious overcapacity? Let’s not forget that according to the statistics of the International Energy Agency, to realize carbon neutrality, the world will need 45 million NEVs by 2030, 4.5 times that of the demand of 2022. When the global capacity is still far below the market demand, how could there be “overcapacity”?
The US knows full well that this “overcapacity” allegation is against economic common sense and industry facts, yet still labels China with it. The US claim of “China overcapacity” is not a market-driven conclusion, but a crafted narrative to manipulate perception and politicize trade. The real purpose is to hold back China’s high-quality development and deprive China of its legitimate right to development.
True. The western governments are blaming China for their failure.
Western governments investing in wars, while China investing in new technologies.