China hasn’t committed to any steps to address American concerns, arguing that its cheap solar panels and other green products are helping the world wage the costly battle against climate change.
Based. Pay no attention to the shit the US government says.
It helps wage the war against climate change, cost of living, and inflation. Simultaneously. How spectacular.
But America is worlds #1 oil producer. This is horrible for the shareholders.
Yes, green technology, bUt At WhAt CoSt? (US losing hegemony is the cost)
Oh no! We didn’t get on board and now we are falling behind.
If it isn’t the consequences of our own actions
GOOD. The US has practically raped the entire world. It’s time we pay, all of us.
I have no problem with this, I’d buy a Chinese Ev today if they were available.
Have you seen the new Xiaomi SU7? Holy crap, that thing looks nice!
It's actually absurd how the Xiaomi SU7 can sell for the same price as a decent Camry.
And designed by an ex Porsche designer
Is that why it takes so many design cues from the Taycan? Makes sense actually...
I bought a MG4, I'm extremely happy with this car and I hope the arrival of Chinese EV will lower the price of all EVs.
I'm getting my xpeng g9 in 2 weeks.
I love how threatened the American capitalist class is about competition.
Makes sense... The only version of capitalism that works is government protected monopolies for a few... The only competitive strategy they know is lobbying
This reminds me of the shift in the car market when Japanese cars entered the market after the Oil Crisis. American auto makers, used to building unreliable land yachts, couldn't adapt fast enough. Now we have American car makers building electric land yachts that people can't afford, and are threatened by cheaper foreign cars.
But unlike Japan, they can't force China into Plaza Accord and are panicking.
I am not sure i fully understand the issue. Are the cars and solar panels not good? Or is the issue that american car companies can't compete? Because the latter is not really an issue.
Arnaud Bertrand wrote a great article on this.
TL;DR: The 3 main signs of overcapacity (capacity utilization rates, inventory levels, and profit margins) for China are all at similar rates as the US, indicating they are not in overcapacity. And they aren't even selling them at a lower price abroad than at home to beat competition; it's the opposite. He concludes that China is simply getting too efficient at manufacturing these days and the US is starting to struggle to compete with that, and this is just them trying to convince China to slow down.
So yeah, the actual "issue" here does seem to just be that the US isn't able to compete with China in these fields anymore.
the actual "issue" here does seem to just be that the US isn't able to compete with China in these fields anymore.
That'll happen when you outsource all your manufacturing for a few decades in the pursuit of quick profits for wall street.
Then they can get fucked honestly. "Oh no I'm not winning in capitalism! Ban the competition! 🥺"
Have you sat in a Chinese EV? They put US and European one to shame.
Chinese solar panels used to not be great, but today they're easily competitive with the best that US and European vendors have to offer but at a fraction of the cost.
The Xiaomi SU7 is a perfect example. Xiaomi took 3 years from concept to their very first car. That in itself is insanely impressive, let alone the fact it's a great EV with a tonne of self-driving capability to rival Tesla, and comes in far cheaper. Watch the YouTube video about Xiaomi's SU7 factory, it's very impressive.
Meanwhile Apple decided to pull the plug on their first car. It's pretty telling of the situation.
I have a xiaomi phone and I'm pretty impressed by their stuff. I have had zero issues and have had it for like 7 years.
I can't afford any car as i can't even afford getting a drivers license :(
It's literally that one calebcity skit where he keeps shooting scientists that are making groundbreaking inventions because it threatens his profits lol
The company “was once forced to close down, like other companies across a number of industries, because it could not compete against large quantities of goods that China was exporting at artificially depressed prices,” Yellen said.
regardless of what you think of him, Deng Xiaoping was the guy in a way that pretty much no other human is gonna be for the unfolding of the 21st century
Yes and no. Deng was definitely a strong advocate for market reforms. However, if you ask any Chinese economist from that era they would say reform was inevitable.
Also the strategies Deng advocated for were similar to the failed shock therapy programs that Eastern European countries underwent following the collapse of the USSR. In doing so he risked the stability of the Chinese economy.
That said, he also helped keep political control out of capitalist hands. That allowed China to course correct when some of their reforms induced economic instability.
Oh I guess we don't care about stopping the climate crisis anymore, US oligarchs making money is clearly more important!
artificially depressed prices They're pulling an Amazon? China hasn't committed to any steps to address American concerns And your problem with that is that this isn't a state approved campaign to destroy the American working class?
News from around the world!
Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc