Markets Expert Discounts China Overcapacity Argument
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- Опубликовано: 9 июн 2024
- Bloomberg is reporting President Biden's administration plans to unveil sweeping tariffs on China. Ecognosis Advisory CEO Andrew Freris argues why he doesn't buy arguments around production overcapacity in China. Freris joins Haslinda Amin on "Bloomberg Markets Asia."
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China: Exporting 15% of the capacity. Germany: Exporting 85% of the capacity. Be reasonable, people.
Being resonable is a rare virtue for people being double standarded.
Germany is exporting products people actually desire. Poor China is just flooding the market with junk.
The US has overcapacity of printing dollars.
For the past few decades, you have been saying that China has collapsed. Why is there still a problem of overcapacity? Lol
Gordon Chang is the chief naysayer, a Chinese who thinks he is white, an idiot who thinks he's a genius
China is Overperformance , not Overcapacity !
Yellen : How dare you are doing so much better than us !
China : You are doing much better than us in making --- Heavy Dumb Bombs !
Poor China is outperforming in building EV graveyards and ghost towns.
@@TeeHee-vo1bn poor usa insecure about china rise
Instead of complaining about China overcapacity in production, we should also be concerning the overcapacity in military power, money printing and debt issuance from the US. Shouldn’t we ?
Not instead, consider everything
Thats why China is de-coupling with US, and strengthing its supply chain domestically and reach out to Global Majority.
That's the problem with US politicians. They never worry about their own problems!
When the words Security Risk use to much, it doesn't work anymore. So US change the word overcapacity, now media talking about overcapacity. 😂😂😂😂
👍
Wonder what will come after 'overcapacity?'
@@richardkong4387 the next word will be "under value" of currency and product. 👍
@@richardkong4387 forcing robot working?🤣
Chinese manufacturing using too much automation and robots in their factory which is against human rights of their workers.😂
The only chinese EVs sold in the US are teslas.
Volvo, polestar. lotus, lynk and co are all Chinese Geely Owned. Im still waiting for these to be banned, just like tiktok for foreign ownership.
No Chinese Teslas are sold in the US. They would not qualify for the tax credit.
@@steven4315 Funny thing is tesla mede in CN probably better than it made in USA
Western World has only one brand of EV car, the Tesla.
But Tesla, and the entire Tesla supply chain can go bankcrupt (stop functioning) if China wishes to do so with a blink of the eyes.
Huge tariffs. Before the new 100% tariff, it was already at 27.5% for all Chinese cars, making it very pricy to sell Chinese cars in the US.
No Chinese car is being sold in the US right now.
US market no longer the most important. ASEAN, African, Middle East and Latin American markets are of similar size now.
Which car?
@@lolcatjunior You forgot North Korea.
@@TeeHee-vo1bn north Korea is a car ?
@@jacksmith-mu3ee No, it's a commie brother of poor China.
Ghost tariffs,no Chinese EVs sold in America.
Volvo, Polestar and Lotus?
@@bubuneowoo6161factories in europe and usa
Closing the country is the best strategy😂😂
@@bubuneowoo6161 not sure about lotus ) v v small player anyway) ..they can by pass the tariffs.
American is happy to pay double money to buy the cars than China! Freedom!
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THE CHINESE ECONOMY IS NOT BASED ON THE STOCK MARKET. ITS BASED ON IMPROVING THE QUALITY OF LIFE FOR THE CHINESE PEOPLE. A HOME,A WELL PAYING JOB, AFFORDABLE HEALTHCARE EDUCATION,LOW CRIME MANUFACTURING AND TRADE. THIS IS CALLED THE MIDDLE CLASS..WE USED TO HAVE ONE.
We hear you!
1st was National security. then De-risk, then excessive gov subsidy, now overcapacity, next time may be "we must win"
"robot slave labor"🤣
Next:
Panda is too cute. 😆
The only thing that is overcapacity is the US dollar. Give those printing machines a break.
we actually use magic wand to make money now.
Why is the woman yelling?
People with hearing problems usually speak louder than others. 😂
Her corset is too tight.
Because china bad🤣🤣😂
lack of S
USA overcapacity printing money
U.S. Overcapacity: WARS; DOLLARS; DEBT 🤣
Cars per thousand people
USA >900
Australia, France >700
Japan, Germany >600
Korea ~500
Malaysia, Brazil >400
Mexico, Russia >300
Thailand, Turkey ~270
--->> China ~238
U$ : China has overcapacity.
Subsidises = tariffs ? Is that the case, the US subsides all of its industries, Agriculture, etc What do you call the Chips Act too, massive subsidies on US chips
if really over-capacity, then there will be no tens of thousands Xiaomi su7 buyer waiting for their car. over capacity is just nonsense😅
It's so affordable and good, there's no way you can stop it by simply say it's overcapacity. You can impose high tariff on China's goods, so can China on yours. Tit for tat, no?
Chinese export to ASEAN countries has surpass export to US.
China is expanding into Global Majority (South), but US only focus on China.
If American manufacturing is so efficient and add-value, why not enter Africa, South Asia, Asean, South America?
Western World only consist 12~15% population, 85% of global majority is there for US to explore.
But we all know the reason why.
US industry is too slow, lazy and expensive.
She is not an econimist asking all the wrong questions
Neither Democrat backers.. they have had a hard time because their analysts tend to anchor from West policies but this Phd master is truly on point. EM doesn't have the same levers and tools being utilized by US Feds.. Didi CEO was ex Goldman Asian American and still struggles to get the ride sharing to make profits for several years
Over capacity to more than 1.4 billions people. The world don't owe you a living to you.
Overcapacity? what a BS. A factory just can not produce more than 100% of its capacity PERIOD. It is just impossible. Btw, you can spend more than you earn. That what is the US doing years after years.
So Uncle Sam's overcapacity is spending the American taxpayers' money. 🤑🤑🤑🤑
@@brianliew5901 inaccurate !! it is spending 100% of tax payers' money plus the borrowed money.
@@tompell3032 Oh my bad! It's $35 T overcapacity!😢
There is no U.S.A.
US politics has been high-jacked, now its call: U.S. of Israel.
Bro, isn't the overcapacity of a country's industrial power by Yellen's definition the whole deal of being a free market capitalist in the sense of a globalized economy?
Oh America......
If the govt is working for the benefits of the people, they should have EV that is less than 20K, and I don't care who make it. I will never buy a EV with more than 20K, I can't afford
US subsidies EV with tax credits. Nobody talks about that
Even the journalists in the main stream media (Bloomberg is one of them), they talked about things from a position of strength. USA is very strong and is always right, China is weak and has a lot of problems! A country that does not know how to reflect will decline very fast!
China will never collapse.
Chinese Central Government owns every inch of the land legally and physically, their citizens can only lease proerty from state for a period of 70 years.
Chinese Central Government is actually the biggest landlord in the world and in history.
If China turn this into their Balance sheet, it woll be worth trillion x trillion x trillions of usd. And US fed is 35T in debts.
How is China going to collapse if CPC is the biggest landlord?
yep, US consumers would not mind paying higher prices (made in US).
Extremely well-put.
So good to see Andrew Freris making an appearance on air again.
Been awhile since the last time we've seen this familiar face.
Overcapacity ? do they not understand the basic economics of supply & demand
U. S. - there are too many hard working people in China. That’s a threat to our national security! 😅
you cannot stop the battery. it smashes through the boundaries, and the lunacy will find you
When you flip things around, everything makes perfect sense when comprehending the US narrative. China over-capacity = USA non-competitive or USA under-capacity.
Isn't it hilarious!?
The U.S. is subsidizing more than China when it comes to its automakers. The problem that has not been realized yet is no matter what they try the game is already over.
Can america over produced their car and make it more affordable the same as china?
True to character of the world bully
While USA can overcapacity their Nike shoe in the world .
Google and RUclips are overcapacity
Houses are for living or doing business in. Why buy a house if you are not going to live in it or rent it out, especially, if you build it in a place where it is difficult to rent it out?
Can he discounts American's product shrinkage argument?
各位朋友,你们来自哪个国家啊?
Damn, what is his PhD, again?
He's no expert. Tariffs are coming.
Hello, I think the guest agrees with you. Mr. Freris is just suggesting that the tariffs should be implemented for the right reasons. He doesn‘t think that „overcapacity“ is a good reason.
It's just an excuse.
Lol hahaha excess capacity bu112h1t
American psalms are so holely that people are leaving the church.
That went over my head. Can you explain, oh wise one?
😃😃👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️✌️👏👏
People are just stupid, if another country wants to subsidised a product let them. We benefit and not the F elite moaniinng
Just want to point out that It is against WTO rules, which China agreed to abide by. Being part of the WTO has been hugely beneficial to China. Starting a comment with:“People are just stupid“, is a little aggressive, don’t you think? Have a good day.
this lady's voice is unbearable
US propaganda getting lame these days
Hello, how is this video propaganda? I would tend to agree that Bloomberg is very biased, but have nothing to complain about what Andrew Freris is saying. What’s your take?
@@PBandJJJJJ not the guest, glad that he was on. I meant the overcapacity narrative the mainstream media is trying to push.
I hope the host would have been less political and fixed-minded.
Good guests though, ey?
Well it's just a plain argument really the USA will do whatever it's people want and if Americans want protectionism then so be it, the world has no right answers only different ways of doing things. Chinese companies will instead export car parts, batteries, motors and all that good stuff which is just as good really. Exporting cars means you have to set up network of dealers, you need to comply with endless regulations and laws and deal with warranty and issues, it is much easier to just sell the parts instead.
😂😂😂 Who cares
How did this guy get his PhD? Overcapacity simply means an industry cannot sell as much as it can produce. When supply outstrips demand, price goes down. This is the repeat of the real estate problem in poor China.
Russia have and will absorb the excess. The South East Asia partnership has been stronger than ever except Philippines.. Besides if made in China EVs are completely mediocre then you would not have to bother let alone worry about the consumer intelligence
Prove him wrong
Waiting for u to prove him wrong
@@jacksmith-mu3ee Lol, you still waiting for your wumao paycheck?
@@TeeHee-vo1bn lol I am waiting for proof from u bumao . So no proof lol
Chinese electric cars are getting pushback from everywhere.
Batteries in these cars come from the Xinjiang region, where they are produced by:
- coal-fired plants and
- Uyghur forced labor in their production.
you and last chang needs to find a real job.
Hahahahha….
Have you seen Xinjiang ?
The place is so modern.
Forced labour ?
Hahahahhaa….
Have you seen the American slaves ?
What a rubbish you are, disgusting
You do know that the US prison system employs forced labour too but many large US corporates ???
@@LL-rm8xt
The USA have the largest number of incarcerated people/ prisoners in the world on a per capita basis.
The number of blacks that had been jailed are horrendous.
Western propaganda is great and powerful.
A lot of people have no idea about the b s they are absorbing.
Chinese 🇨🇳 electric cars are *heavily subsidized* by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
- That's why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.
One question, what is the name of the money sent to semiconductor companies initiated by CHIPS and Science Act? US is profiting from semiconductor sector so much and still sending money to this industry to further deprive other countries by leveraging its semiconductor supremacy, btw, I try not to use the word "subsidy", but I don't know what word should I use for this case, let me know if you a better word for that..... and I don't see any difference.
What is the sources of these endless subsidies as you claim? China cannot print money out of thin air as the US is able to do.
Last endia bot
last chang ..quit your b.sing. us offers $7500 for American EVs. so stfu
@@huanghermann5207 he is a paid troll.. he just leaves nonsense comments on every china related video.
🇨🇳 Xi came to Europe to beg for leniency and forgiveness.
Haha you probably didn't watch the welcoming ceremony.
@@honyeechoong9351 sour grape indian. that all u can expect
beg you back to your mom's asshole
What a comedian. Your ignorance is simple beyond belief. Tell your bs to Macron, Orban and the Serbian people.