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For the US, it is overcapacity because it cannot complete and will not sacrifice its fossil based industry. For the rest of the world, it is huge demand for Chinese supply to be able to overcome the energy transition. Double standards is what the world calls the so-called overcapacity fabrication.

American competition against China mostly has been carried out only on the sanctions.

Mindfulness happens when you are not being mindless. Amplify your senses and notice the details in your experience. Take your socks and shoes off and feel the ground under your feet. Listen for the gaps between sounds. Mindfulness can be applied to just about every experience we encounter. Develop your senses and amplify your perceptions. Improve relationships by listening closely to each word and keeping in sync with their lips and eyes. With enough practice, you will quickly see intense reactions from people who converse with you. This has significant value for everybody. Meditation can lead to Mindfulness is also likely to lead to slzzp !! Apply mindfulness to everything you do.

To think the, American can understand China is farfetched. Understanding 5000 years of history and cultyre is not an easy feat, let alone counteracting them. Humility and respect win the day!

YANKEE GO HOME and stay there

Thanks to China, we can enjoy newest technology products at low price, Without China we will be stripped naked and remain poor by the western monopoly led by USA and Allies

Professional babller

Another carry on with the current US Govt narratives. Absolutely disagree with his analysis

Troubling is CPC China territorial expansionist plans

Problem is America politicians’ anti-China policy because America is incapable to compete with China at most level what is their solution? Demonizing China becoming their only tactic, while the American society has rot from inside out no body want to do the hard work, as you can see from Boeing to Intel all have fallen behind. Decades of all the sourcing all the most difficult work overseas, means America has fallen behind in manufacturing as technical skills as advanced while America stay behind. American thinks they are the smartest people just they can forever stay on the top with their IP while the world labor for them. From Japan, Korea , Taiwan and China decades pass, all these place with decade of hard work they have trained majority of the world talent workers and engineers while the talent Americans avoid the dirty work ends work in finance. Now America is ending up like Russia at the end of the Cold War, without all the skillful worker and engineers they can’t produce products that is competitive in quality and value. Forcing TSMC come to America to build manufacturing facilities is going to fail because you don’t have skilled workers that are willing to work hard at the competitive level. Intel is building factories but they had already lost out to TSMC, The hare (Intel) woke up and find the tortoise(TSMC) are already two generations ahead already, that is the same story on high speed rail, 5G, solar, wind turbines, rare earth, ship building, drone, and space station. Work ethic is a huge issue in America from restaurants to airplane manufacturers, workers just work just good enough to not getting fire. America is fast becoming a third world country with crumbling infrastructure without the ability to fix it’s own problems but have politicians and media blaming China instead of America’s own incompetence.

A comment about the ability to keep Chinese medical researchers and scientists who studied then stayed in America, many whom are arguably the best in their fields in the world. It’s an understatement when Mitch says they are “frustrated“. When the political and social fear-mongering of Chinese as being spies leads to surveillance and denies them funding and opportunities for expanding their research activities, is it any surprise that they give up and return to China?

9 trillions investment but 6 trillions taken by corrupted officials. That is China.

Yes, but the problem is that US can't compete. That's why it behaves the way it does.

HARVARD , WORLD EVIL FORUM BULLSHIT

Harvard is becoming a joke ..

No1 carbon emissions come from India now Harvard Guy

The US wants to isolate China in international space cooperation, only now ended up isolating itself from China's internationalized space programs including space station.

Thank you

America has printed dollars and "brands" and China has all the precursor raw materials, manufactured goods and global belt and road transport network. Russia and China can out produce the west military 5 or even 10 to 1. Yeah America is all powerful.

Lost it after 5min. into it... sad

As Jeffrey Sachs said, "exceptionalism is an infantile disorder"

Greetings from Quincy, Massachusetts!! 7:50. My “unelevated mind” tuned into this video to hear this side of the argument and how the argument has changed since the fun really began around me in 2016. 1:02:00. FYI. The argument has eroded and is missing some big pieces. As to MIT, the Academic Quad is a few miles down the road. The day is cloudy and cool. May I suggest going there, sitting on the bench in front of the Quad on the Charles River and make a few observations about the prima facie.

This was an excellent interview with someone who actually understands China. I look forward to Presnick being invited onto mainstream media programs. Oh... wait... That can't happen.

US has lost the plot. The despicable bin laden opened a Pandora's box. Everywhere we look these days we see enemies. You're either with us or against us replaced diplomacy statesmanship negotiations pragmatism compromise RATIONAL THINKING. Today's #1 export is war. Nearly 50% of all weapons sold are American. 800+ military bases overseas. Close to 40 surrounding China. Kissinger's statement that to be our enemy is dangerous, to be our ally fatal has never been more accurate. Since September 11 alone we've left 2.5 million dead. 6 million wounded. 39 million refugees. Several nations in ruins across greater middle east. Congressional military industrial complex and it's owners operators the corporate Warfare Queens who NEVER lose a contract consume nearly 50% of tax dollars. They recycle $$$ by donations to politicians who then vote for more weapons. Our bought and paid for supreme judicial junta allows five individuals in the pockets of mad men to undo the will of 333 million citizens as expressed through their democratically elected representatives. Corporations are people my friends and $$$= free speech no questions asked. Free press is beholding to Wall Street. Every precious component of our biosphere is measured in terms of its $$$$ value. Our violence overseas has come home to roost. 41,000 dead 80,000 wounded by weapons unleashed by the supreme junta five. In the same period China pulled 700,000 million out of abject poverty. Was involved in no wars. For every $100 US defense dollar China spent $10. Eisenhower and Kennedy are spinning in their graves. Unimaginable to this 72 year old American.

Great content, I wish all the think tank in the west has the mindset and knowledge of Mitch

When he says overcapacity, you already know where this talk is going 😂😂😂

What Americans are good for? Just take a look at cars: Americans only make cheap cars, such as Ford, Chevy, not Bentley, Rolls Royce, Aston Martin, Bugatti, Mercedes Benz, BMW, Porsche, Ferrari, and Lamborghini, to name a few. So, Hollywood can't make a film like 007 because American 007 would have no Aston Martin class car to drive. Regarding wars, the US can only fight small countries without resources, like Germany and Japan. Even when fighting small countries with big country support, such as Korea and Vietnam, had China and Russia's support, Americans are losers.

Finished this hour long video, I am curious this guest Mitch Presnick had such in-depth understanding about China and difficulty in USA-China relation, so I quickly checked out. Mr Presnick, born in early 1970's and grew up in New York USA and used to the "mover-shaker" mentality in his formative years He somehow went to China in 1988 ( approaching the end of Deng era ) and started his business steps by steps and continued living there for 30 years. Because he was a hotelier opening, owning and operating multiple hotels everywhere in China, So he had contacted with many business and government levels, and understood the good and the bad and strength and weakness of China very well.

Hope America becomes such a country like China.

This guy takes on the Chinese rhetoric so well, what a pity for all the oriental philosophy studies 😂😂😂. Please be reminded Confucius was officially ousted multiple times in his homeland.

So far, most reasonable and insightful and non-hateful speech on this issue from an American elite. 😂😂😂

Balanced, nuanced and constructive. The views espoused by talks of the Hudson institute or the hoover institute are in comparison so ludicrous.

If US does not continue to be invested in China, it will lose out and be cast away from many of the rapid tech advancements in China which is leading in most of the emerging areas. This is rapidly the biggest market with the middle class set to reach 700m by decades end! Microchips is a good example. China is playing catch up but the speed US rapid. They will overtake simply bc of the STEM grads available but also the size of the Marketwire in hard reality is IN China. Just look at how quickly Huawei has come back into the cell phone market (at iPhone expense) It's extremely short sighted what current US regimes are doing right now trying to derisk. In actual fact it leads to other countries derisking from the US whilst continuing to engage in China simply bc China is the manufacturing behemoth. These are hard realities US prefer to distract its population from with China bad myths at its in detriment. It's attempt to coerce its allies into anti China poli ies gas its limits. Germany for example is deeply invested in China despite the lip service they pay ro US and the green party which is clueless Itcannot afford not Tobe bc it's economy is now reeling thanks to it listening to Uncle Sam in baiting Russia into a war under the mistaken belief Russia would fall. Where did all the energy power come from for Germany? Hard lesson. What Germany independently decide to cut ita foot off with in boycotting Russian energy was then China and India's gain. West needs to pull its head out of its arse. The rest of the world do not see things with similar perspective. BRICS has now superceded G7 This is a very diff world where many countries appreciate the opportunity China provides in weening them off the coercive US weaponized dollar system. To this end, if US keeps pushing the greenback as a threat, there will be further financial deriski g and US will be the author of its own downfall. Hubris.

US McCatrhyist anti China fearmongering has frankly led to a massive brain drain. Somewhat over 1000 top China origin STEM researchers in the US have left Thus is a massive own goal thanks to a rabid racist US witchhunt of top level researchers. Many branded as potential spies (none proven), have left ironically back to China that now pays comparable salaries without the hate

Bottomline China can make hard decisions for long term strategic goals. US can't bc of its election cycles. China's political mechanisms are constantly changing where US US ossified mired in the belief of its exceptionalism that cannot compete ( which frankly deliver a choice of two equally incompetent geriatrics)

Western media has never been correct about China. It's been predicting the collapse if China for 4 decades. The scary thing is many of the intelligentsia n policy makers in the US prefer to be hoodwinked in the West own group think echochamber

Despite some mistakes, China's handling of Covid is much better than the West. US is as if not more obfuscation with its data with in excess of over 1 million dead. By per capita alone vs China, it is insane

China's foreign policy positions on Taiwan etc has always been consistent. It is the US that flip flops If u ask most SE Asian nations, it is the US that is the problem. No one wants to be the next Ukraine for the US

There's no overcapacity problem. This is another "chimera". Whatever overcapacity in EV or solar will find willing export markets. The only problem with so called overcapacity is the West is not competitive.

you can't reshore manufacturing until you deal with the elephant in the room: foreign debt in USD. as bank lend USD globally, and the amount of debt denominated in USD is over 200 trillion, the interest payment from those debt is enough to push USD up as foreign country buy USD to repay the interest. this makes US product price in USD uncompetitive. the financial system in the US is just too dominate on the economy. you can't fix that, what are you going to do? close down the bank? that would be worst of the economy. so we really need to be honest, manufacturing is not coming back to the US. not without severely damaging the banking sector. I really hope we have very serious policy discussion. it is rather scary that after 16 year has passed from the finanical crisis, US still does not appear to have a down to earth economy policy for the future. we are still talking about what we want to see politically, as oppose to what is physically achievable. it is difficult to talk about China US cooperation, when US does not seem to be cooperating with itself, more push to depolarization of the country is needed, if US allow politic to control policy, US will not be able to solve it internal problem. and if it can't even resolve differences within itself, how does it possibly have a chance of resolving differences with others? EV for example, US is still arguing in itself if it should support EV, how do we as businesses find confidence to invest if the government doesn't even know what it wants? for now I think most of us, probably the chinese government as well, is just waiting to see who win the election. the lack of policy continuity make it impossible to make long term investment.

US brings Kneecapping to the highest level to its own demise

Again the buzz word “over capacity”! As long as there is demand, nothing can be said about overcapacity!

Fake guy fake news channel like BBC and CNN

Good thing no one cares what Mitchell has to say about China.

If China is so great and smart, why's there so many Chinese students here in the US. Are you a salesman for China?

The american leaders' rethorics has rather quickly moved from "competitor" to "adversary" to "enemy". This madness needs to cease.

The world must work together against the US who behaves like a hegemony. The US lies, spreads disinformation, weaponizes dollar, sanctions countries, funds chaos, chemical weapons and wars throughout history. Remember US lied about Iraq having weapons of mass destruction and illegally invaded Iraq which caused millions of life lost or displaced. They must be charged with war crimes with all the wars they've created throughout history.

When US cannot beats China fairly, uses lowlife tactics such as sanction and gotten Canada to detain Huawei CFO illegally (tried to use the same tactic as how US destroyed French's Alstom). US just want to contain China progress by all means which includes spreading lies, disinformation, false accusations, implementing sanction and ganging other countries to suppress China progress etc. US has lost their dignity in front of the world to see. US accelerates their own decline. Pretty stupid to me. US lies and security is just an excuse. US dare not say that US just want to contain China progress by all means.

Basically, Xi Jinping wants to Make China Great Again. The difference is, he seems to be quite successful....

US is at war with Russia, although still a proxy one. Russia has chosen to be a close friend and indispensable economic partner to China. US so far has been about containment, gaslighting and conflict. At least that's what it looks like to others Now you want to force them to choose maybe not thinking you may not like the answer?