I keep trying to tell people in the West the world has changed since 2020. China has most industries sewn up and there is not much we can do about it except enjoy the lower prices. People who only get their information from Western legacy media are impossible to talk to.
@@Quagma-b2i , Denial is a automatically generated mechanism, helping to alleviate pains and frustrations, making one feel happy and good about oneself, thereby reducing the chances of suicide and therefore cutting down the suicide cases and saving hospital emergency resource, ultimately making one and the entire society whole.
The main thing the sanctions the west put on Russia is give China access to the largest exporter of raw materials at a significant discount, while all western economies buy nearly all raw materials at a much higher price than China. Good luck competing with Chinese manufacturing when ALL of their inputs are cheaper than ours.
When I went to college in Florida, a Chinese-American woman was mansplaining, "rechargeable batteries" to me. She thinks there's no rechargeable batteries in China in 2003. 😂
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years in another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Tracy Britt Cool Consulting my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool Consulting. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Tracy Britt Cool Consulting but only by her reputation at Berkshire Hattaway; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
Well her name is 'Tracy Britt Cool Consulting'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Great share! Out of curiosity, I searched Tracy Britt Cool Consulting online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
Everything that China touched, it has overcapacity issue especially when the west could no longer compete. Because of its so-called overcapacity issue, things became affordable for masses. Isn’t this what we need, affordability?
If the West do overcapacity it will be called “democratication”. And no one would oppose it! China is levelling the field, making tech available for the masses, aka democratisation.
Reducing cost by scale is the content of western economics research in the past. After studying, China began to seriously implement it. Moreover, China has the largest market, the strongest supply chain (almost all raw materials such as steel) and the most efficient infrastructure.
"Over-capacity" is just bullshit made up by Lying US Politicians. Everyone is responsible for himself. What happens if I cook too many burgers? Well, I eat burgers for the next two weeks! What's it to the Lying US Politicians?!? No one is forcing them to do anything. They just bullshit every day.
I gotta say, ever since I stumbled upon one of your videos, I've been looking forward to them every time. Informative, straightforward and concise. Great work
Personal care items like Colgate, and Palmolive, food chains like McDonald's, Pizza Hut, and KFC, coffee shops like Star Bucks, Microchips like Nvidia, AMD, and Intel, Handphones like iPhone, Computers like HP, IBM, Fighter jets like F-35, Airplanes like Boeing, Cars like GM, Ford, etc., they are all overcapacity and should be banned from international sales.
Yes. Overcapacity simiply means you make more than you need. Apparently, American economist can weaponize any word they choose. Next up they'll accuse someone for love. Oh, wait, India already did that with their dirty mind calling marriage across religion as "love jihad". And I thought Americans are the only dirty ones.
Jai Hind. We Indians in BRICS can understand when our cohort Russia had told us to be wary because the Collective West led by the 5Eyes have an increasing overcapacity to create Wars, Proxy Wars, Hybrid Wars, Regime changes, Color revolutions etc. like in Bangladesh now using their overcapacities in Sanctions and stealing our properties.
Greetings from Serbia. Kevin, US don't use word "overcapacity" properly. Overcapacity is when you don't have orders and when you make more than the market needs.
The west misuses lots of words. Hypocrisy, democracy and freedom are just an example words that they use that they change the meaning of to suit the shareholdes and CEOs.
There is an ancient saying in china that is several thousand years and it goes like this: 先苦后甜 which aptly describes it as bitterness first but sweetness later. This is why early chinese generations were willing to struggle, slog and sacrifice for the betterment of future generations.
@@mickday1260 The Greek history is actually mythology. They take mythology as history, why not China? Chinese recorded history starts from 3500 years ago, the earlier 1500 years are mostly mythology too.
Visited the Chengdu Museum recently and it was obvious that China was centuries ahead of the west in innovation and production, wearing fine textiles and silk when the west was still wearing animal skins. After a long rest and a hundred years humiliation, China is back to lead.
EV, C919, 6G, satellites, high speed trains, AI medicals, AI farming, de-desert greening, endless high tech commercialization. High talents, scientists, researchers are going to China where the hubs are, just like US back in the 60's. China now keeps a very high standard common education which results a large number of engineers, designers.....very competitive
Not to mention, the first sign of a "McCarthy like" purge or "Questions" directed at those "Non-US" Engineers, Academics, Scientists and Researchers working in the US, and there will be a "sudden migration" to more friendly regions, either back to China, or among the Belt & Road countries. That Brain drain is NOT going to help USA.
Seriously, this channel is so underrated... I hope he doesn't get discouraged by the low subscriber count. The content and format is really good. Precise, interesting, informative, educational, concise and entertaining too.
Because of 1.42 billions of hardworking & enterprising strong Chinese, they have a huge capacity to manufacture and produce anything the World wants. It is not overcapacity thing! 😅
I was an exchange student from the U.S. Naval Academy (Annapolis) to the Chinese Naval Academy (Tsoying Taiwan). The U.S. Embassy to China was in Taipei. Today my Naval Academy classmates seem convinced that China is our enemy. We chose to make China our enemy and we chose to join the Taiwan independence movement. China is not supporting a Texas independence movement. I am angry to see my country foolishly destroy the real friendship we had with China. In the 1980’s I was part of a number of US programs to help China modernize their military. Then one day we declared our friends to be our new enemies At that time people in Beijing were convinced the US needs a cold war enemy for domestic political reasons. I couldn’t believe it
Correct me if I'm wrong, but the complete US military and economic ("Lobby") system *Requires* an "Enemy" to remain viable? So, When USSR "folded" there was a vacuum which needed filling? Who else was there but China? Imagine if an enlightened politician declared (Something like) "We choose to repurpose our industry for peace and do the other things, not because they are easy, but because they are hard.... That goal will serve to organise and measure the best of our energies and skills (for the Global good...?), because that challenge is one that we are willing to accept, one we are willing to postpone and one which will bring us prosperity" . Isn't plagiarism a wonderful thing? I honestly think that China (BRICS) would then invite USA "IN" (WITH strict conditions and a LOT of protest from the smaller participants ) Which MIGHT allow a similar "refocus" of military industry GLOBALLY. . The alternative? I fear that USA, painted into a financial (and military?) corner, may Wield The Big Stick in an attempt to regain stature, if not position. That's not going to end well.
There are two neighbours living peacefully as good neighbour. Each of them minding their own business and helping each other whenever one of them has an unpredictable setback. One morning you hear them in dispute whith to tone escalating toward a fist figth. What happened? Easy, one of them had drink all night with an englishman the night before.
@gregarnot5066 The USA recognizes there is only one China, and Taiwan is an integral part of China. There is no US embassy in Taipei or anywhere in Taiwan. The US cannot have a governmental relationship with Taiwan by international treaties and agreements. Your exchange program with Taiwan is illegitimate and against international laws.
Just wanted to take the time to thank you for your time, your research, and your willingness to share what you find. I can't think of a better, or more reliable, way to get info on China. Directly. From someone actually on the ground, in the mainland, without being part of the biased MSM! Thanks again for your efforts. (also like your almost subliminal end of video audio segments) 👍 ;)
never heard the usa shipbuilding capacity in the 1940 described as overcapacity, just because they could produce more than the rest of the world together, only as something great and perfect and good, but when china has it, somehow it turns into evil overcapacity that must be defeated.
Europe had overcapacity in shipbuilding and had to close it down. I think it was in 1980 or so. But it was Japan which had "overcapacity" then. Our overcapacity was not being able to compete. China's is being able to compete! 🙂
Do they no longer teach about the Great Depression in schools??? The ginormous shipbuilding capacity of the USA in 1940, as well as much of their industrial capacity in other areas, absolutely was overcapacity. There was, prior to WW2, no demand for all the stuff the USA could build, as the world economy was in the doldrums because everyone had raised tariffs and banks had over invested. That is the textbook definition of overcapacity. WW2 just happened to be a gigantic demand spike that pulled US industry out of the doldrums and wrecked everyone else's capacity.
There's another big problem for the US: cost. Building a warship in the US is already over 3x more expensive than building the same warship in South Korea; they did a comparison not too long ago by having the US and South Korean militaries order nearly identical ships from their respective shipyards, and the South Korean one was built in less time and cost about a third compared with the US ship. And China seems to build ships even faster and at a lower cost than South Korea (which is why China is increasing its market share). This means that, in order to merely keep up with China's military ship building, the US has to spend multiple times more money building ships than China; a 3x higher naval budget by the US would still mean they are losing ground to China. The same seems to be true in other military areas, mind. China seems to either be closing the gap or else to already have reached the technological level of the US in military equipment, and can make it at a fraction of the cost the US has, so every dollar spent by China on its military is worth many dollars spent by the US. Incidentally, the US-friendly South Korea president has just been impeached for attempting a military coup, and given the political environment there there's a pretty good chance the next South Korean president will be someone who wants to strike friendlier relationships with China and North Korea. So the US might not have as much support from South Korea as it expected to improve its shipbuilding capabilities.
Chapela, fully agreed with you over the cost. During the early days, GE engines and fridge. ruled the world despite high prices. My brother had a fleet of fishing boats and most of the motive engines and accessories were brought from America and were very reliable . All the machine parts were labelled with instructions. The Chinese started with simple tools at very low cost. I checked with my brother why he stopped purchasing American products !! The reasons given was the price kept rising and switched to Japanese goods where prices were much lower and reliable. They sent their engineers to fix the problems at low cost. When I worked in the refinery early 70s, most of the tools bought from the Western countries and us and none from China despite low costs. The mechanical tools produced by the Chinese were low standard and very cheap. The Chinese had improved their products with better qualities but still not comparable. Because of high prices from the Western countries, more and more local companies were procured
from China. The catch up was fast, when I seen the high end piping procurement was labelled from one of the industries in Shangtung province in the late 90s. It was arranged and trusted by the company. I was telling myself it was the end of the high value imported from the west from comparatively equipments and cheaper. The change had already occurred and no western countries stopped their growth. The products from China were continuing low for sometimes becos of low labour and production costs. Great videos from master explorer, Mr Kevin has moved around the industrial estates of China and valid search for the world to understand more of the high ends produces no where found in other places. The enormous wealth is indeed very important for the world to know better. I have great admire of his insights and know how of China to tell the world of this challenges. I had been to various places over the world sent by the company for the challenge workshops. Each time I would take a week or two to explore the could to know more of the country and the peoples of their living standards, the wet markets and the standard foods to compare the cost of one another. If needed to sum up as the whole, you would never know how cost of foods in the rural communities is kept so low and affordable to the people
Kevin is like a true rastafari He is a very smart man, And teaches us about business, and politics Things that we didn't know ,and he let us know love from jamaica ,and please visit us you are a true example of a gentleman
Tells us what? That the Chinese government pursues a hilariously extreme version of "export led growth", that's what. The same strategy that Japan followed all the way into a huge trade war with the USA, and then stagnation. The same strategy that Germany pursued throughout the 2000s and 2010s which is now also throughly stagnated as trade conditions have changed. China is heading down a dead end and you guys are cheering them on as if they were the first to try.
@@MrDael01 yeah because the other option to borrow and over spend and the borrow to spend even more is a much better option China leads the world in 57 of 64 critical technologies of the future Makes sense they will be exporting that technology to others who want it
Well, they US still has a lot of manufacturing going on, if measured in economic value. It's just not increasing in number of jobs. It's called efficiency! That might.become even more pronounced with AI and humanoids. But more jobs,... not so much. That's a pipe dream!
@@larsnystrom6698 Any new manufacturing capacity will be mostly automated. New jobs will be in robotics and the software that runs them. That's were all the investment is going, but politicians never seem to talk about it.
I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
I just subscribed to your channel which presented China based on facts on the ground unlike western mainstream media. Keep up the good work Kevin. Looking forward to more updates from you.
As usual, you have found more data that is stunning (or should be) to people in the West. As someone who used to have a condo highrise view of the Panama Canada, I agree that watching large ships is a fascinating pastime. Always looking forward to your short by sweet videos. Thanks!
it would tell the story of how f-ed up the situation in the west and not the story of tofu and copycat industry. and the leaders of the west want you to believe the later one. otherwise you might have more ceo and president and pm in the morgue.
Kevin ALWAYS includes references in the description on EACH of his video since day one. I often even print out all his references when archiving each video. Kevin did NOT make up or falsify those charts or stats, if that's what you are trying to innuendo.
It's going to HAVE to happen.... Eventually. The only questions are 1) WHERE will the conflict be? 2) Against WHO? (Or maybe "HOW MANY"?) and 3) Who "wins" .... 1) It MAY be Global, Local, OR "Internal"(!) 2) Could be "The Global Majority" 3) Unlikely to be USA (if "U" sa remains?)
Lol 100 times increase and still half of China's capacity. Yet they still dream of choking the strait of Malacca against China. Aerosmith aptly sang "Dream On'
Few days ago an US marine commander said China's PLA is lack of combat experience. Lol, you know they were very desperate when you see them trying hard push out such narratives.
when your president continues to shout "We're #1" and "we're the best in the world", is the sure way of falling behind in the global race of everything. Be humble, keeps your head down and work hard, are the value pass down by a lot of Asian parents. Now we are seeing the result of that contrast.
Being now in my 70's of lifelong learning, experience, observation, creativity, understanding, re-examination 24/7 365. Every 'info-vid' you have crafted and composed I have witnessed the growth of a veritable global economic diplomat in the making, more success to you sir, your posts are an enlightenment par excellence. I would say that Mr Trump would be greatly enlightened by your involvement in this turbulent geopolitical century. Peace, good will and love always to you and yours. T
From the perspective of Chinese ship building and related ship building supply chain, is there a chance the US navy can win a naval war with China when the war is at South China Sea, at the door step of China mainland and is half round the world from US mainland? If the aircraft carrier is damaged , where will the ship go to for repair and obtain spare parts? A modern warfare with China at their doorstep is not based on slow moving ships. China uses hypersonic ICBM and hundreds of thousands smart drone from fired from their shore. Their smart robotic torpedo can cripple US navy ship's propeller leaving the ship paralysed .The Pentagon is still thinking of fighting China like the US has fought in Afghanistan and Iraq. . The US military has played 10 war games and it has not won a single game against Chins at the South China Sea. So the US has pledged to defend Taiwan in case China takes over the island. How does the US help? Using slow boat to deliver weapons to Taiwan ? Helping Taiwan with retired jet fighter?
Scary.....and the US government kept wanting to start a war with this country??? Why??? Don't pissed off hardworking folks who have huge production capacity. That's just insane. You already woke the dragon, the last thing you wanna do is make the dragon angry.
Overcapacity if you only consider the scale of global trade as of today. With all the rising global south countries, global trade is only going to grow exponentially, even if US decides to quit everything.
You know when you read a newspaper and you think, "oh, I feel informed." Then you read something you are familiar with, you think, "this makes no sense!" Then you started to doubt the other information. I pretty much stopped consuming American news.
@@hinnahinna-j9y you can still get data and information from western mainstream media Just got to learn to avoid the opinion commentary 15 20 years ago you will get news like China develops an anti satellite missile At the same you get the obligatory But……Mao, Cultural Revolution Great Leap Forward references
What really blows my mind about the kind of facts and projections you provide is why our politicians and related businessmen don't keep an assortment of men, with your kind of background, close on hand as valued consultants. Am I just floundering in an dystopian world? I always thought the 'business of America is business.' Thanks.
@@luisanthonychau I think the difference is we as in the collective“west” still have that superiority complex Because that manufacturing use to be our manufacturing In the 1998 over 60% of the factories/manufacturers in China had some sort of foreign ownership By 2008 that number dropped down to mid 30% and that was before the subprime crisis shuttered 100 thousand factories and put 27 million people out of work in China Many even in Government, and that manufacturing sector still have that outdated thinking all we have to do is stop buying from China or we can move our factories out of China etc etc Vietnam, India Mexico!!! And then China collapses I remember during the 2008 Olympics our western views on China held a negative sentiment where the Olympics was suppose to be the introduction to China and then its swan song Because wages were going up and there were countries with cheaper wages And when subprime crisis came along it was suppose to be the final nail in the coffin for China
It's not just in ship building, this Model works for all things. It also has inbuilt R&D to continue to develop and innovate such that others continue to come for MORE rather than compete. Originality and niche is what others will need to compete and make it such that it's not worth it for CN. Then scale up to compete.
That is my normal route back and forth from Rongcheng (where I have retired to) to Seattle. High speed rail to Qingdao, then onto a Korean Airlines flight to Seoul and Seattle. The weather in this part of China is the closest I could find to the relatively mild coastal climate of Seattle. Plus it is the shortest distance to family and friends in the US. Living in China with a Chinese national wife, I am naturally very interested in all the important topics you are reporting on. And I fully understand the main theme here. The US empire is declining and the Chinese empire is returning. And you are explaining to us in interesting detail why. I just hope the main power in the West does not feel a need to prevent the sharing of global power with the main power in the East. But envy remains a powerful emotion. Hoping for the best, for all our sakes!
1:58 Priceless expression. If I didn't catch your facial expressions, I'd miss the message entirely.😀 Thanks for educating us. Your 8 minutes are worth more than 8 hours a day of all the MSM combined.
The US military strength relies heavily on its navy. (Especially aircraft carriers) China is building at least one aircraft carrier each year. In less than 10 years, they will match the US naval strength and theyve better modern technology
@@metaenforcer6420 I would check those stats I don’t see 1 aircraft carrier per year being built They are projected to have 6 by 2035 Unless you have a link that says otherwise? In any event these aircraft carriers will be used to protect it’s shipping lanes and ferry Chinese Nationals out of countries when there is trouble in a country Not for a war like we think they are for
My dad used to tell me about the rise of China since 1990s, I never took him seriously. Now after he passed away, then I realized that he was right about all China stuff. I made fun China most of my life now I am the fool.
Oh it's just ships - ya know... the one metric that for the last 2,500 years has consistently been corelated with state international power. Sparta, Romans, Ottomans, England, US, you name it. The way forward has always been to overtake the old power in SHIP BUILDING. - Huns and Mongols being only outliers. Now they're back, but this time they're fully united and they HAVE SHIPS!
Wow. The numbers are, as they say, off the charts. Just incredibly impressive. The only way for the US to begin climbing out of this black hole is to eventually stop treating China as an enemy and try to partner with it. Thanks Kevin.
My brother went on his first trip to China some ten years ago and while looking out of the airplane window approaching the runway he was completely stunned at what he saw from the sky. And the plane hadn't even landed yet...(!!!)
That is a scary thought -- even if increased by 100x times, China is still twice as big. The same with GDP -- if the US increases GDP per capita by $1, that is $400 million dollars. If China increases GDP per capita by 50 cents, that's $700 million dollars!
Kevin Thanks for your factual and well researched reports. I appreciate your unbiased reporting I would appreciate hearing your thoughts regarding problems China faces such as unemployment Large population with subsistence living Also how China will manage a potential provocation over Taiwan etc Thank you
The US is struggling to manufacture the two Virginia (SSN-774) class nuclear-powered attack submarines (SSNs) per year the Navy needs. With a budget close to $1 trillion, the $5 billion cost per boat is not the problem. Simply, the US Navy needs more industrial capacity. Likelihood of achieving this, who knows...
Great video as usual. One minor correction: "At no time in recent history, and perhaps ever, has the world's shipbuilding industry been so dominated by a single country." - actually the British Empire had an even bigger dominance in global shipbuilding at the height of the first industrial revolution, because they were the first to start building huge metal ships (a genius by the name of Isambard Kingdom Brunel), at one point they were building 80% of the world's ships I think.
You ain't seen nothin' yet. China is building the first thorium small modular reactor powered container ship. This is a game changer in the shipping industry for such ships can be larger, sail faster, and are cheaper to operate. What will happen to the shipping industry if China only constructs such ships for its own shippers?
There is an article on Offshore Energy titled "Jiangnan Shipyard unveils design for the ‘world’s largest’ nuclear-powered containership". The design utilize (Thorium or else) Molten Salt Reactor. This was in Marintec China 2023 exhibition in Shanghai. As pattern goes in China, when something is published on academic papers or declared on commercial events, the physical realization will occur within a few years. Who knows which sea freight company is in talk already in buying the ship and negotiating with various port authorities. "... is building ..." is technically true, not making things up. Please jump outside of YT and do some simple Google search even as the search results are heavily biased toward the west and paid sponsors, YT' s commet section is not known for annotation and citation.
@@johnsmith1953x What do you think if I say that China has fully mastered the technology of making starch from carbon dioxide and gasoline from carbon dioxide?
The US problem is the distribution. If profits can be shared more equally, people and companies will stay around to keep doing what they are doing. Unfortunately, only little crumbs are left to share with everyone else. People have to find ways to survive - maximize profits.
There is a story on the net that China has invented a new method to make steel. It cuts steel-making costs and time by hundreds of folds, as well as using lower grade ores which are plentiful in China. The Aussies are worrying that they cannot rip the Chinese off with their high-grade iron ores, they even may not export much to China, and then their economy will tank.
@@MrDael01 Why would you think that? There is now 27 books out there on what the Chinese invented first And the Chinese these days lead the world in 57 of 64 critical technologies of the future 👇 Yes, Chinese scientists have developed new ways to make stronger steel, including: Deformed and partitioned (D&P) process: This technique combines cold rolling, low-temperature tempering, and embedding metastable austenite grains in a martensite matrix. The result is a steel with high ductility and a yield strength of 2.2 GPa. Ultrastrong yet stretchable steel: This steel can stretch by 18-25% and can support the weight of a two-ton car on a piece of steel the size of a fingernail. It could be used in the aerospace, vehicle, and machinery sectors. Ironmaking breakthrough: This breakthrough achieved a 3,600-fold productivity boost. Ancient China also used air-injection techniques to create steel. AI Generated
@@MrDael01 Miraculous Metal Invented by Chinese Scientists: Strong Yet Flexible. This revolutionary new metallic material, combining the strength of steel and the flexibility of rubber, could bring future technologies like shape-shifting aircraft and robotic muscles out of the realm of science fiction. Sep 18, 2024 The China Academy
No, it won't. The entire Australian mining sector makes up 10-12% of GDP and most of the profits go overseas mostly un or under taxed. It accounts for 3% of annual tax income, federal and state. We'd lose some of the cream if China stopped buying iron ore, but our economy would still grow.
And yet relies on China for critical components...... And Trump IS "thinking" about that (to the degree that he does "think") He mentioned it in the Steelworks address..... "If we go to (are in a ) war, we need US steel" (Donny, you also need years to build the factories) If HE mentions it, The "scenario" has been discussed. The CONTEXT is another matter.
I’ve been subscribed for quite a while now. Your analyses are some of the best available on social media. Your subscription rate is shocking low. Other subscribers should feel some responsibility to support by informing others of the opportunity here.
I feel the same and try to introduce the channel to some of my friends. Unfortunately, most of them have an ingrained resistance to any positive report on China as if it was poison.
@ I understand and agree. It’s almost as though the culture has developed an unhealthy mindset, and that’s putting it mildly. There is not an openness to consider; there is no willingness to double-check alleged “facts” and perceptions. Many “positions” are set on “default” and closed to any change. It reminds me of people dying with Covid, of being intubated, and to the very end denying the existence of Covid. What can you do?
@@markhunt5019 Yup, that's an apt analogy. The truth is, as Americans, we are not as open minded as we think we are. We are quite xenophobic, especially in regards to nonwestern(read white) cultures. Unfortunately to our detriment, that will not change anytime soon.
there are 175,000 road bridges in US that need urgent repairs year 1982 there are 175,000 road bridges in US that need urgent repairs year 2024 Democracy has brought this on.. and because if it we get what we have just got
Substack, for video transcript and direct links:
kdwalmsley.substack.com/p/chinas-overcapacity-and-shipbuilding?r=4pow86
I keep trying to tell people in the West the world has changed since 2020. China has most industries sewn up and there is not much we can do about it except enjoy the lower prices. People who only get their information from Western legacy media are impossible to talk to.
Denial is a very powerful psychological mechanism. The media amplifies the "approved narrative" and a lot of people just accept it as fact.
💯✅️💯✅️
@@Quagma-b2i , Denial is a automatically generated mechanism, helping to alleviate pains and frustrations, making one feel happy and good about oneself, thereby reducing the chances of suicide and therefore cutting down the suicide cases and saving hospital emergency resource, ultimately making one and the entire society whole.
The main thing the sanctions the west put on Russia is give China access to the largest exporter of raw materials at a significant discount, while all western economies buy nearly all raw materials at a much higher price than China. Good luck competing with Chinese manufacturing when ALL of their inputs are cheaper than ours.
When I went to college in Florida, a Chinese-American woman was mansplaining, "rechargeable batteries" to me.
She thinks there's no rechargeable batteries in China in 2003. 😂
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years in another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Tracy Britt Cool Consulting my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool Consulting. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Tracy Britt Cool Consulting but only by her reputation at Berkshire Hattaway; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
You can glance her name up on the internet .she's renowned and has quite a following. So it shouldn't be a hassle finding her Consulting page
Well her name is 'Tracy Britt Cool Consulting'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Great share! Out of curiosity, I searched Tracy Britt Cool Consulting online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
Everything that China touched, it has overcapacity issue especially when the west could no longer compete. Because of its so-called overcapacity issue, things became affordable for masses. Isn’t this what we need, affordability?
If the West do overcapacity it will be called “democratication”. And no one would oppose it! China is levelling the field, making tech available for the masses, aka democratisation.
Particularly for the Globe South countries. US is pissed because GSC are developing.
Reducing cost by scale is the content of western economics research in the past.
After studying, China began to seriously implement it.
Moreover, China has the largest market, the strongest supply chain (almost all raw materials such as steel) and the most efficient infrastructure.
That's a society not driven by maximizing profit, but by inclusion and growth.
"Over-capacity" is just bullshit made up by Lying US Politicians. Everyone is responsible for himself. What happens if I cook too many burgers? Well, I eat burgers for the next two weeks! What's it to the Lying US Politicians?!? No one is forcing them to do anything. They just bullshit every day.
I gotta say, ever since I stumbled upon one of your videos, I've been looking forward to them every time. Informative, straightforward and concise. Great work
❤agreed 100%
My thoughts exactly! 🤙
Just like Kevin's high quality videos, your comment is right to the point too.😊
Its about facts. Calling it a spade a spade.
Same here!
Coke sells soft drinks around the world are they over capacity.
we no longer drink coke because of sugar overcapacity
@hink0027 drink Coke ZERO OR DIET COKE over capacity!
Personal care items like Colgate, and Palmolive, food chains like McDonald's, Pizza Hut, and KFC, coffee shops like Star Bucks, Microchips like Nvidia, AMD, and Intel, Handphones like iPhone, Computers like HP, IBM, Fighter jets like F-35, Airplanes like Boeing, Cars like GM, Ford, etc., they are all overcapacity and should be banned from international sales.
Yes. Overcapacity simiply means you make more than you need. Apparently, American economist can weaponize any word they choose. Next up they'll accuse someone for love. Oh, wait, India already did that with their dirty mind calling marriage across religion as "love jihad". And I thought Americans are the only dirty ones.
Healthier to drink chinese tea than coke
Can we call those hundreds of overseas US military bases "overcapacity"?
Jai Hind. We Indians in BRICS can understand when our cohort Russia had told us to be wary because the Collective West led by the 5Eyes have an increasing overcapacity to create Wars, Proxy Wars, Hybrid Wars, Regime changes, Color revolutions etc. like in Bangladesh now using their overcapacities in Sanctions and stealing our properties.
US also has overcapacity in "lies"!!!
Overbullish salesmen will shout down your claim/accusation? 🤪🤪
💯💯
How about good old imperialism ?
It's sobering that in the East the world can move on without us. Thanks Kevin for laying out the facts.
Sadly, our only "contribution" to progress nowadays is to desperately try to stop it from happening.
I like the fact that when you use the word us it can also be the u s
South-South cooperation has been in existence since 2007 - long encouraged by the United Nations.
Greetings from Serbia. Kevin, US don't use word "overcapacity" properly. Overcapacity is when you don't have orders and when you make more than the market needs.
The west misuses lots of words.
Hypocrisy, democracy and freedom are just an example words that they use that they change the meaning of to suit the shareholdes and CEOs.
Janet Yellen got her Ph.D. in Economics from Yale University. She is not an English major, though she coined that phrase on China -- overcapacity.
@@etbuch4873So what ?
She automatically have the business acumen & vision to manage USA's economy ?😅
❤Thank you for the clarification.
@@etbuch4873 Her overcapacity is different from OP ...
Who's right & qualified to do the job ?
China is patient and smartness combined. ❤❤❤❤
It's called Wisdom
Definitely not a cowboy village id1 ot !😊
There is an ancient saying in china that is several thousand years and it goes like this: 先苦后甜 which aptly describes it as bitterness first but sweetness later. This is why early chinese generations were willing to struggle, slog and sacrifice for the betterment of future generations.
Americans called it "delayed gratification". Of course, they follow that.
China! keep up with your beautiful 5000 years old culture.
Actually, 8000+ years.
They are not 5000 years old that’s a big lie.Whole world his-story is invented but it’s long story friend.
❤well said
@@mickday1260You are WRONG!😂. Learn to read history
@@mickday1260 The Greek history is actually mythology. They take mythology as history, why not China? Chinese recorded history starts from 3500 years ago, the earlier 1500 years are mostly mythology too.
This is helping the rest of the world replace their old inefficient ships. Many of which were scrapped at the beginning of the pandemic.
The engineering prowess of China is beyond compare in the 21st Century. 5,000 yrs of History.
Visited the Chengdu Museum recently and it was obvious that China was centuries ahead of the west in innovation and production, wearing fine textiles and silk when the west was still wearing animal skins. After a long rest and a hundred years humiliation, China is back to lead.
EV, C919, 6G, satellites, high speed trains, AI medicals, AI farming, de-desert greening, endless high tech commercialization.
High talents, scientists, researchers are going to China where the hubs are, just like US back in the 60's.
China now keeps a very high standard common education which results a large number of engineers, designers.....very competitive
Not to mention, the first sign of a "McCarthy like" purge or "Questions" directed at those "Non-US" Engineers, Academics, Scientists and Researchers working in the US, and there will be a "sudden migration" to more friendly regions, either back to China, or among the Belt & Road countries.
That Brain drain is NOT going to help USA.
Seriously, this channel is so underrated...
I hope he doesn't get discouraged by the low subscriber count.
The content and format is really good. Precise, interesting, informative, educational, concise and entertaining too.
He has just started a few months ago. I promote this channel whenever I have a chance.
Not many interested in reality
Because of 1.42 billions of hardworking & enterprising strong Chinese, they have a huge capacity to manufacture and produce anything the World wants. It is not overcapacity thing! 😅
Economies of scale is why China out.competes the US. Equal or better products at a lower unit cost.
I was an exchange student from the U.S. Naval Academy (Annapolis) to the Chinese Naval Academy (Tsoying Taiwan). The U.S. Embassy to China was in Taipei.
Today my Naval Academy classmates seem convinced that China is our enemy. We chose to make China our enemy and we chose to join the Taiwan independence movement. China is not supporting a Texas independence movement.
I am angry to see my country foolishly destroy the real friendship we had with China. In the 1980’s I was part of a number of US programs to help China modernize their military. Then one day we declared our friends to be our new enemies
At that time people in Beijing were convinced the US needs a cold war enemy for domestic political reasons. I couldn’t believe it
Correct me if I'm wrong, but the complete US military and economic ("Lobby") system *Requires* an "Enemy" to remain viable?
So, When USSR "folded" there was a vacuum which needed filling?
Who else was there but China?
Imagine if an enlightened politician declared (Something like)
"We choose to repurpose our industry for peace and do the other things, not because they are easy, but because they are hard.... That goal will serve to organise and measure the best of our energies and skills (for the Global good...?), because that challenge is one that we are willing to accept, one we are willing to postpone and one which will bring us prosperity"
.
Isn't plagiarism a wonderful thing?
I honestly think that China (BRICS) would then invite USA "IN" (WITH strict conditions and a LOT of protest from the smaller participants ) Which MIGHT allow a similar "refocus" of military industry GLOBALLY.
.
The alternative?
I fear that USA, painted into a financial (and military?) corner, may Wield The Big Stick in an attempt to regain stature, if not position.
That's not going to end well.
There are two neighbours living peacefully as good neighbour. Each of them minding their own business and helping each other whenever one of them has an unpredictable setback. One morning you hear them in dispute whith to tone escalating toward a fist figth. What happened? Easy, one of them had drink all night with an englishman the night before.
America couldn't less about "democracy" in Taiwan or what not if it weren't for TSMC.
@@sweetaznspice1 They don't care about TMSC. They are ready to blow it like Nord Stream so mainland China cannot profit from it.
@gregarnot5066 The USA recognizes there is only one China, and Taiwan is an integral part of China. There is no US embassy in Taipei or anywhere in Taiwan. The US cannot have a governmental relationship with Taiwan by international treaties and agreements.
Your exchange program with Taiwan is illegitimate and against international laws.
Just wanted to take the time to thank you for your time, your research, and your willingness to share what you find. I can't think of a better, or more reliable, way to get info on China. Directly. From someone actually on the ground, in the mainland, without being part of the biased MSM! Thanks again for your efforts. (also like your almost subliminal end of video audio segments) 👍 ;)
What a guy 💪🏻‼️
We appreciate you 🍻
never heard the usa shipbuilding capacity in the 1940 described as overcapacity, just because they could produce more than the rest of the world together, only as something great and perfect and good, but when china has it, somehow it turns into evil overcapacity that must be defeated.
Europe had overcapacity in shipbuilding and had to close it down. I think it was in 1980 or so.
But it was Japan which had "overcapacity" then.
Our overcapacity was not being able to compete. China's is being able to compete! 🙂
@@larsnystrom6698 And after Japan, there was South Korea (Samsung Heavy Industries).
The USA of 1940 was only a short time away from world war 2. Are you saying China is now only a short time away from war against the USA?
Do they no longer teach about the Great Depression in schools??? The ginormous shipbuilding capacity of the USA in 1940, as well as much of their industrial capacity in other areas, absolutely was overcapacity. There was, prior to WW2, no demand for all the stuff the USA could build, as the world economy was in the doldrums because everyone had raised tariffs and banks had over invested. That is the textbook definition of overcapacity. WW2 just happened to be a gigantic demand spike that pulled US industry out of the doldrums and wrecked everyone else's capacity.
@@MrDael01 do they not teach reading in schools? if yes, pls go back.
This is nothing compared to garlic production. The House of Representatives just voted to exclude Chinese garlic.
That's because garlic is poison to vampires.
@@flyrodmike 😂
Spot on. ❤@@flyrodmike
Next is Chinese noodles, rice, panda and Chinese movies. Beyond belief.
@@flyrodmike "Shots fired!"
There's another big problem for the US: cost.
Building a warship in the US is already over 3x more expensive than building the same warship in South Korea; they did a comparison not too long ago by having the US and South Korean militaries order nearly identical ships from their respective shipyards, and the South Korean one was built in less time and cost about a third compared with the US ship. And China seems to build ships even faster and at a lower cost than South Korea (which is why China is increasing its market share). This means that, in order to merely keep up with China's military ship building, the US has to spend multiple times more money building ships than China; a 3x higher naval budget by the US would still mean they are losing ground to China.
The same seems to be true in other military areas, mind. China seems to either be closing the gap or else to already have reached the technological level of the US in military equipment, and can make it at a fraction of the cost the US has, so every dollar spent by China on its military is worth many dollars spent by the US.
Incidentally, the US-friendly South Korea president has just been impeached for attempting a military coup, and given the political environment there there's a pretty good chance the next South Korean president will be someone who wants to strike friendlier relationships with China and North Korea. So the US might not have as much support from South Korea as it expected to improve its shipbuilding capabilities.
Chapela, fully agreed with you over the cost. During the early days, GE engines and fridge. ruled the world despite high prices. My brother had a fleet of fishing boats and most of the motive engines and accessories were brought from America and were very reliable . All the machine parts were labelled with instructions. The Chinese started with simple tools at very low cost. I checked with my brother why he stopped purchasing American products !! The reasons given was the price kept rising and switched to Japanese goods where prices were much lower and reliable. They sent their engineers to fix the problems at low cost. When I worked in the refinery early 70s, most of the tools bought from the Western countries and us and none from China despite low costs. The mechanical tools produced by the Chinese were low standard and very cheap. The Chinese had improved their products with better qualities but still not comparable. Because of high prices from the Western countries, more and more local companies were procured
from China. The catch up was fast, when I seen the high end piping procurement was labelled from one of the industries in Shangtung province in the late 90s. It was arranged and trusted by the company. I was telling myself it was the end of the high value imported from the west from comparatively equipments and cheaper. The change had already occurred and no western countries stopped their growth. The products from China were continuing low for sometimes becos of low labour and production costs.
Great videos from master explorer, Mr Kevin has moved around the industrial estates of China and valid search for the world to understand more of the high ends produces no where found in other places. The enormous wealth is indeed very important for the world to know better. I have great admire of his insights and know how of China to tell the world of this challenges. I had been to various places over the world sent by the company for the challenge workshops. Each time I would take a week or two to explore the could to know more of the country and the peoples of their living standards, the wet markets and the standard foods to compare the cost of one another. If needed to sum up as the whole, you would never know how cost of foods in the rural communities is kept so low and affordable to the people
Another great video mate
Thanks for the informative videos, keep up the good work.
Kevin rolling his eyes at Yellen and Blinken's pushing of overcapacity really shows his exasperation at the West.
What about US’ over capacity in debt issuance, dollar printing and military bases? 😂
Kevin is like a true rastafari He is a very smart man, And teaches us about business, and politics Things that we didn't know ,and he let us know love from jamaica ,and please visit us you are a true example of a gentleman
China just started building cruise ships, another very profitable type of ships to manufacture.
Also begin to involve the aircraft. c919 is flying
Nice to hear from you Kevin and thank you🎉🎉🎉🎉🎉🎉
"China builds more ships more than the all world combined."
Tells you all.
You could replace "ships" with "steel" or ""aluminum" or solar energy" or tons of various agricultural products.
@
Very true.
China already is a factory of the whole world, so…one should only has to have respect, for that country.
Period.
Tells us what? That the Chinese government pursues a hilariously extreme version of "export led growth", that's what. The same strategy that Japan followed all the way into a huge trade war with the USA, and then stagnation. The same strategy that Germany pursued throughout the 2000s and 2010s which is now also throughly stagnated as trade conditions have changed. China is heading down a dead end and you guys are cheering them on as if they were the first to try.
@@MrDael01 *TELL US ABOUT SOUTH KOREA THAT HAS FOLLOWED SAID "export led growth" FOR THE PAST 4 DECADES.........*
@@MrDael01 yeah because the other option to borrow and over spend and the borrow to spend even more is a much better option
China leads the world in 57 of 64 critical technologies of the future
Makes sense they will be exporting that technology to others who want it
😂😂 China is so far ahead of the others it is refreshing, but im not Chinese, that's the sad part.😢
What I don’t like China is that China does not accept immigrants! Damn!
@@jzNottobeemaybe their high population is overcapacity relative to their territory.😂
@@jzNottobee China is expecting to lose 240 million jobs due to AI
That’s a lot even with a population decline
@@jzNottobeenor does Japan, S Korean ….
@@jzNottobee They're looking at Europe and thinking, thank god.
It's not overcapacity but overtaking.
And over jealousy
The idea that the US can just click heels together and magically compete with this shows a level of delusion that's almost beyond imagination.
INDEED
Well, they US still has a lot of manufacturing going on, if measured in economic value.
It's just not increasing in number of jobs. It's called efficiency!
That might.become even more pronounced with AI and humanoids.
But more jobs,... not so much. That's a pipe dream!
@@larsnystrom6698 Any new manufacturing capacity will be mostly automated. New jobs will be in robotics and the software that runs them. That's were all the investment is going, but politicians never seem to talk about it.
ALWAYS great information! Thank you
Thanks Kevin!
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in October 2024…
I would really love to know how much work you did put in to get to this stage
I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
His instructions allowed me to bring up my retirement plan, resulting in an estimated $700,000 more by the time I retire.
I just subscribed to your channel which presented China based on facts on the ground unlike western mainstream media. Keep up the good work Kevin. Looking forward to more updates from you.
Thanks for the informative videos.
Thank you, I seldom miss your programs.
As usual, you have found more data that is stunning (or should be) to people in the West. As someone who used to have a condo highrise view of the Panama Canada, I agree that watching large ships is a fascinating pastime. Always looking forward to your short by sweet videos. Thanks!
If the charts and stats shown in the video are available in public, why do I not see any western media show them and analyse them like Kevin does?
it would tell the story of how f-ed up the situation in the west and not the story of tofu and copycat industry. and the leaders of the west want you to believe the later one. otherwise you might have more ceo and president and pm in the morgue.
The facts would devastate the public's support of our system. We must be distracted by "cultural issues," etcetera.
@@Quagma-b2iexactly
I'm sure they do...
Kevin ALWAYS includes references in the description on EACH of his video since day one. I often even print out all his references when archiving each video. Kevin did NOT make up or falsify those charts or stats, if that's what you are trying to innuendo.
Thank u for all your effort to give a true n fair opinion of the status quo.,🙏
Hi Kevin, I wish our country would refocus on building & development again instead of policing the rest of the world
It's going to HAVE to happen.... Eventually.
The only questions are
1) WHERE will the conflict be?
2) Against WHO? (Or maybe "HOW MANY"?)
and
3) Who "wins"
....
1) It MAY be Global, Local, OR "Internal"(!)
2) Could be "The Global Majority"
3) Unlikely to be USA (if "U" sa remains?)
这是几乎不可能的，因为领导人如果选举出来的，那么这些领导人必须是口才很好，擅长舆论的人。理工科出生的人，无法在讲台上和律师，金融家，商人竞争的。而是理工科出生的人，实体行业没有人赞助他选举，那些有钱的人只会赞助律师，金融，银行家。
Lol 100 times increase and still half of China's capacity. Yet they still dream of choking the strait of Malacca against China. Aerosmith aptly sang "Dream On'
Few days ago an US marine commander said China's PLA is lack of combat experience. Lol, you know they were very desperate when you see them trying hard push out such narratives.
when your president continues to shout "We're #1" and "we're the best in the world", is the sure way of falling behind in the global race of everything. Be humble, keeps your head down and work hard, are the value pass down by a lot of Asian parents. Now we are seeing the result of that contrast.
Always like the commentary of these videos, short to the point with facts.
Thanks again for your informative updates, Kevin
Wow! what an eye opener. Thanks Kevin for another facts only program.
Great content as usual! Thank you! 🙏
Thankyou for another GREAT commentary Kevin!
Blessings from Australia....❤
I’m glad I found your channel. Here in American, media wouldn’t touch these stories. 👍
Thank you, Kevin!
Shocked and stunned and not a little bit amazed.
Being now in my 70's of lifelong learning, experience, observation, creativity, understanding, re-examination 24/7 365.
Every 'info-vid' you have crafted and composed I have witnessed the growth of a veritable global economic diplomat in the making, more success to you sir, your posts are an enlightenment par excellence.
I would say that Mr Trump would be greatly enlightened by your involvement in this turbulent geopolitical century.
Peace, good will and love always to you and yours. T
Thank you for your continued reports.
China is mastering 3D Chess Game while the rest of the world is playing Tic Tac Toe.
This man is an excellent researcher. His presentations are based on facts, figures and charts.❤
From the perspective of Chinese ship building and related ship building supply chain, is there a chance the US navy can win a naval war with China when the war is at South China Sea, at the door step of China mainland and is half round the world from US mainland? If the aircraft carrier is damaged , where will the ship go to for repair and obtain spare parts? A modern warfare with China at their doorstep is not based on slow moving ships. China uses hypersonic ICBM and hundreds of thousands smart drone from fired from their shore. Their smart robotic torpedo can cripple US navy ship's propeller leaving the ship paralysed .The Pentagon is still thinking of fighting China like the US has fought in Afghanistan and Iraq. . The US military has played 10 war games and it has not won a single game against Chins at the South China Sea. So the US has pledged to defend Taiwan in case China takes over the island. How does the US help? Using slow boat to deliver weapons to Taiwan ? Helping Taiwan with retired jet fighter?
How about sending Pelosi to give DPP moral support?
@@LewisPengThat’ll work! 😊
did see the video of USMC officer... Americans captured their last on iPhones while Chinese captured their last war on oil paintings!
@Who-lg9my
You'l still have to cope with US failure
@Who-lg9my
He's ignorant... Korean and Vietnam wars are documented on film.
It might be weird to say this, but I love this channel. Go figure…
Thank you for such high quality info and your excellent efforts!!!!
Oversupply = Complaining about not being able to HONEST COMPETE in the world market.
@ 4:22 mark chart of ships:
Holy sh$t! 😯
Yep! 👀🤯
Scary.....and the US government kept wanting to start a war with this country??? Why??? Don't pissed off hardworking folks who have huge production capacity. That's just insane. You already woke the dragon, the last thing you wanna do is make the dragon angry.
Overcapacity if you only consider the scale of global trade as of today. With all the rising global south countries, global trade is only going to grow exponentially, even if US decides to quit everything.
You know when you read a newspaper and you think, "oh, I feel informed."
Then you read something you are familiar with, you think, "this makes no sense!"
Then you started to doubt the other information.
I pretty much stopped consuming American news.
@@hinnahinna-j9y you can still get data and information from western mainstream media
Just got to learn to avoid the opinion commentary
15 20 years ago you will get news like China develops an anti satellite missile
At the same you get the obligatory
But……Mao, Cultural Revolution Great Leap Forward references
What really blows my mind about the kind of facts and projections you provide is why our politicians and related businessmen don't keep an assortment of men, with your kind of background, close on hand as valued consultants. Am I just floundering in an dystopian world? I always thought the 'business of America is business.' Thanks.
The business of China is business. The business of the US is war.
That’s the difference between politics and reality.
That was then. The "business of America" now is extracting the last wealth of what's left of our once great nation.
They don't need to. They know exactly the manufacturing capabilities of China, so they have no intention to compete on that front.
@@luisanthonychau
I think the difference is we as in the collective“west”
still have that superiority complex
Because that manufacturing use to be our manufacturing
In the 1998 over 60% of the factories/manufacturers in China had some sort of foreign ownership
By 2008 that number dropped down to mid 30% and that was before the subprime crisis shuttered 100 thousand factories and put 27 million people out of work in China
Many even in Government, and that manufacturing sector still have that outdated thinking all we have to do is stop buying from China or we can move our factories out of China etc etc
Vietnam, India Mexico!!!
And then China collapses
I remember during the 2008 Olympics our western views on China held a negative sentiment
where the Olympics was suppose to be the introduction to China and then its swan song
Because wages were going up and there were countries with cheaper wages
And when subprime crisis came along it was suppose to be the final nail in the coffin for China
Many thanks for your very insightful analysis as always. Be good
It’s amazing what can be done when you’re not always focused on fighting wars.
1:57 - 1:58 , for 2 seconds Kenny's [Kevin's] facial expression spoke louder than his words. 😄 Error corrected in [ ]
Omg yeah that disgusted look. 😅😅😅😅😂😂
Who's Kenny?
@@BiteM3eeeYT Sorry . I meant Kevin
@@BiteM3eeeYTThanks, I meant Kevin, corrected my post
It's not just in ship building, this Model works for all things. It also has inbuilt R&D to continue to develop and innovate such that others continue to come for MORE rather than compete.
Originality and niche is what others will need to compete and make it such that it's not worth it for CN. Then scale up to compete.
Another great report
Main observation is that the ship building capacity in China is for commercial ships rather than warships as in the USA 😁
That is my normal route back and forth from Rongcheng (where I have retired to) to Seattle. High speed rail to Qingdao, then onto a Korean Airlines flight to Seoul and Seattle. The weather in this part of China is the closest I could find to the relatively mild coastal climate of Seattle. Plus it is the shortest distance to family and friends in the US. Living in China with a Chinese national wife, I am naturally very interested in all the important topics you are reporting on. And I fully understand the main theme here. The US empire is declining and the Chinese empire is returning. And you are explaining to us in interesting detail why. I just hope the main power in the West does not feel a need to prevent the sharing of global power with the main power in the East. But envy remains a powerful emotion. Hoping for the best, for all our sakes!
@Redson-l4b I can see jiulongcheng from my apartment window. And daily enjoy the light show from the ring.
Excellent and useful insights.
1:58
Priceless expression.
If I didn't catch your facial expressions, I'd miss the message entirely.😀
Thanks for educating us. Your 8 minutes are worth more than 8 hours a day of all the MSM combined.
The US military strength relies heavily on its navy. (Especially aircraft carriers) China is building at least one aircraft carrier each year. In less than 10 years, they will match the US naval strength and theyve better modern technology
@@metaenforcer6420 I would check those stats I don’t see 1 aircraft carrier per year being built
They are projected to have 6 by 2035
Unless you have a link that says otherwise?
In any event these aircraft carriers will be used to protect it’s shipping lanes and ferry Chinese Nationals out of countries when there is trouble in a country
Not for a war like we think they are for
I'm betting China is building hundreds of US aircraft carrier destroyng missiles at a combined cost of 1/1000 of one US ship.
My dad used to tell me about the rise of China since 1990s, I never took him seriously. Now after he passed away, then I realized that he was right about all China stuff. I made fun China most of my life now I am the fool.
Oh it's just ships - ya know... the one metric that for the last 2,500 years has consistently been corelated with state international power.
Sparta, Romans, Ottomans, England, US, you name it. The way forward has always been to overtake the old power in SHIP BUILDING.
- Huns and Mongols being only outliers. Now they're back, but this time they're fully united and they HAVE SHIPS!
I love this channel!….keep going!!
Thank you Kevin. Have a good day Sir 😊😊😊
Wow. The numbers are, as they say, off the charts. Just incredibly impressive. The only way for the US to begin climbing out of this black hole is to eventually stop treating China as an enemy and try to partner with it. Thanks Kevin.
My brother went on his first trip to China some ten years ago and while looking out of the airplane window approaching the runway he was completely stunned at what he saw from the sky. And the plane hadn't even landed yet...(!!!)
That is a scary thought -- even if increased by 100x times, China is still twice as big.
The same with GDP -- if the US increases GDP per capita by $1, that is $400 million dollars. If China increases GDP per capita by 50 cents, that's $700 million dollars!
It's game over for the US industry
China is also quietly building shipping ports in the developing world for those ships to dock.
the truth is hard to swallow when you are green with envy and jealousy
Kevin
Thanks for your factual and well researched reports. I appreciate your unbiased reporting
I would appreciate hearing your thoughts regarding problems China faces such as unemployment Large population with subsistence living
Also how China will manage a potential provocation over Taiwan etc
Thank you
US is governed by lawyers, shysters
China is governed by engineers
And the difference is apparent
China is a big market, everything in one place for factories to set up and start running the factory.
so, EU's complaints about "overcapacity" are coded complaints about China ability to plan and organize ... which Europe says is an unfair advantage.
Solid reporting!!!
The US is struggling to manufacture the two Virginia (SSN-774) class nuclear-powered attack submarines (SSNs) per year the Navy needs. With a budget close to $1 trillion, the $5 billion cost per boat is not the problem. Simply, the US Navy needs more industrial capacity. Likelihood of achieving this, who knows...
Great video as usual. One minor correction: "At no time in recent history, and perhaps ever, has the world's shipbuilding industry been so dominated by a single country." - actually the British Empire had an even bigger dominance in global shipbuilding at the height of the first industrial revolution, because they were the first to start building huge metal ships (a genius by the name of Isambard Kingdom Brunel), at one point they were building 80% of the world's ships I think.
You ain't seen nothin' yet.
China is building the first thorium small modular reactor powered container ship.
This is a game changer in the shipping industry for such ships can be larger, sail faster, and are cheaper to operate.
What will happen to the shipping industry if China only constructs such ships for its own shippers?
Reference or you're making this up.
There is an article on Offshore Energy titled "Jiangnan Shipyard unveils design for the ‘world’s largest’ nuclear-powered containership". The design utilize (Thorium or else) Molten Salt Reactor. This was in Marintec China 2023 exhibition in Shanghai. As pattern goes in China, when something is published on academic papers or declared on commercial events, the physical realization will occur within a few years. Who knows which sea freight company is in talk already in buying the ship and negotiating with various port authorities.
"... is building ..." is technically true, not making things up. Please jump outside of YT and do some simple Google search even as the search results are heavily biased toward the west and paid sponsors, YT' s commet section is not known for annotation and citation.
@@johnsmith1953x What do you think if I say that China has fully mastered the technology of making starch from carbon dioxide and gasoline from carbon dioxide?
@@johnsmith1953x Lol, no need to be aggro. No one needs you to believe it.
😂😂😂the pursuit of the profit by capitalism can actually kill you. Perhaps there's something that shouldn't be run for profit but as a public good
The US problem is the distribution. If profits can be shared more equally, people and companies will stay around to keep doing what they are doing. Unfortunately, only little crumbs are left to share with everyone else. People have to find ways to survive - maximize profits.
There is a story on the net that China has invented a new method to make steel. It cuts steel-making costs and time by hundreds of folds, as well as using lower grade ores which are plentiful in China. The Aussies are worrying that they cannot rip the Chinese off with their high-grade iron ores, they even may not export much to China, and then their economy will tank.
Sorry but that's nonsense
@@MrDael01Why that's nonsense? Is it because only the Whites can invent and only the Whites can succeed?
@@MrDael01
Why would you think that?
There is now 27 books out there on what the Chinese invented first
And the Chinese these days lead the world in 57 of 64 critical technologies of the future
👇
Yes, Chinese scientists have developed new ways to make stronger steel, including:
Deformed and partitioned (D&P) process: This technique combines cold rolling, low-temperature tempering, and embedding metastable austenite grains in a martensite matrix. The result is a steel with high ductility and a yield strength of 2.2 GPa.
Ultrastrong yet stretchable steel: This steel can stretch by 18-25% and can support the weight of a two-ton car on a piece of steel the size of a fingernail. It could be used in the aerospace, vehicle, and machinery sectors.
Ironmaking breakthrough: This breakthrough achieved a 3,600-fold productivity boost.
Ancient China also used air-injection techniques to create steel.
AI Generated
@@MrDael01
Miraculous Metal Invented by Chinese Scientists: Strong Yet Flexible. This revolutionary new metallic material, combining the strength of steel and the flexibility of rubber, could bring future technologies like shape-shifting aircraft and robotic muscles out of the realm of science fiction.
Sep 18, 2024
The China Academy
No, it won't. The entire Australian mining sector makes up 10-12% of GDP and most of the profits go overseas mostly un or under taxed. It accounts for 3% of annual tax income, federal and state. We'd lose some of the cream if China stopped buying iron ore, but our economy would still grow.
The US has an overcapacity in weapons production.
And yet relies on China for critical components...... And Trump IS "thinking" about that (to the degree that he does "think")
He mentioned it in the Steelworks address..... "If we go to (are in a ) war, we need US steel" (Donny, you also need years to build the factories)
If HE mentions it, The "scenario" has been discussed.
The CONTEXT is another matter.
I’ve been subscribed for quite a while now. Your analyses are some of the best available on social media. Your subscription rate is shocking low. Other subscribers should feel some responsibility to support by informing others of the opportunity here.
I feel the same and try to introduce the channel to some of my friends. Unfortunately, most of them have an ingrained resistance to any positive report on China as if it was poison.
@ I understand and agree. It’s almost as though the culture has developed an unhealthy mindset, and that’s putting it mildly. There is not an openness to consider; there is no willingness to double-check alleged “facts” and perceptions. Many “positions” are set on “default” and closed to any change. It reminds me of people dying with Covid, of being intubated, and to the very end denying the existence of Covid. What can you do?
@@markhunt5019 Yup, that's an apt analogy. The truth is, as Americans, we are not as open minded as we think we are. We are quite xenophobic, especially in regards to nonwestern(read white) cultures. Unfortunately to our detriment, that will not change anytime soon.
US ....... sanction!
there are 175,000 road bridges in US that need urgent repairs year 1982
there are 175,000 road bridges in US that need urgent repairs year 2024
Democracy has brought this on.. and because if it we get what we have just got
Yup