merry christmas to you all, especially to you "inside_china_business", no disagreement with you facts...regardless which sector + tariffs , your presentation+ others like yourself, when one putting labour cost aside...and when supply chains cut off to america+eu, game is over...then the compounded with brics + dedollarization...the depressions in the 1930s ... effect can be compared with a 2megton nuke vs anything america has God Bless
China has 4 times the people and they traditionally educate their kids in STEM fields. America educates its kids to be lawyers and MBAs and bankers and CEOs. We used to want to be scientists and astronauts and doctors but now we're a nation of internet 'influencers', baristas, ambulance chasers and rappers. Pretty easy to determine WHICH route will win the 21st Century technology races. China and India have BOTH out-patented the USA in AI and genetic engineering the past few years and the gap grows as we keep spending our money fighting wars around the world.
India's AI and other intellectual properties patents is still nothing compared to the US. India is still ranked outside top ten countries in intellectual patents in the world.
Yes the Chinese are like a well functioning, super efficient ant colony, or maybe like a Borg hive 😂 Over the last 20 years, they've certainly turned a corner. We should be studying and analyzing them and learning from them rather than all the antagonistic behaviour
What to learn !!! Hard working , sacrifice !!! Everyone knows that , the west is wasn’t build the same , the west was build by invasions , genocides , colonisations , slavery ,,, so yes we all know how China did it and how the west did it ,,, nothing to study ,,, ohhh I forgot the west have clever people , the superior race !!! You are pathetic
@@JohanDanielAlvarezSanchez , At this rate, she will control near 90%, if not 100% of her steel production for the world, as it is, isn't she controlling over 50%??
It was a brilliant move when China 🇨🇳 decided to make sure everyone had a chance to get a quality education. Look at them now how far they’ve come in such a short time.
When you have a huge population which has HAD to be resourceful to simple survive, then you give them "formal" education they will by default have a very high degree of what I'll call "WHAT IF?" ratio. They see a problem and instead of looking for an off the shelf solution, They default to "WHAT IF I TRY........?". and THAT is where innovation is born.
So what happens when these current two post-Mao generations pass away? The ones after them have never starved or grown up in a China that isn't powerful so will they become complacent like the Americans today -- or their own Qing ancestors who fell asleep in the 1800s?? The only semi-guarantee I see is A.I., automation in general, and the good ol' Communist Party of China...if they remain as skilled as Xi Jinping seems to be so far!!
@@rogerstarkey5390 Not Just Innovation, Unlike the west that are happy to Milk the current level of Technology to highest Dollar for a decade, China Tries it hardest to make it Better, Faster, Cheaper nonstop in that same Decade time frame.
I read China is now providing universal preschool. This is a HUGE benefit to working parents, and a strong benefit to building an educational foundation.
Chines drones, ev's, hsr, tanks and planes will be alot cheaper and affordable too for all china friendly countries. Too bad for china UNfriendly countries there will be huge tariffs put on chinese goods.
The bias and prejudice is at the root of US foreign policy and not just with China. China put their interest first unlike Europe. This is why an occupied country is not sovereign.
The Romans were a caste and slavery-based civilization. Bias and prejudice were the core of its society. The British imitated the Romans, and the Americans were born out of the British. In fact, the British led the Americans by the nose in ideology and mentality, bias and prejudice were their culture.
@@salmiak-salmiak , Sorry to disappoint you , Fo blame your parents & teacher , You're spending time in school , we hope its education in school , And yet you learn nothing . You do need to go back to basic , Plow the fields, Till the soil , Plant the crops , Harvest them , With basic somple tools , Caring for your crops that they are not ravage by pest , Pray to the weather GOD that may give Ou rain and temperate weather for good yield , Otherwise , You go to war for food . Sacrifice your life in exchange that your loved ones will have some food and resources . After the spiel above , Lets hope you learn , Something , something that you needed to learn about life .
China has a history of innovations, look at all the things invented in China, like paper, gunpowder, trigger mechanisms, clockwork, wheel barrows, rockets, magnetic compass, seismometer, rudders for boats/ships, multi hulled ships, etc.
@@henrytaverner1803 There are a lot of things I didn't mention, like kites, bellows for blast furnaces, folding fans, umbrellas, belt drive, iron casting, porcelain, etc.
@@georgejesson1944 He is the last one the MSM would even interview, much less have him work for them. When it comes to China, or anything outside of the U.S., truth is absolutely not allowed in Western MSM.
Yes. But it's not that hard to find because the source, SCMP (South China Morning Post) is a top news paper for decades in Hong Kong. SCMP news is reliable and very rare to be found biased, even to this day.
The prejudice that says an upcoming country can only copy but not innovate is not new. In the mid 19th century, that was what the British said about the Germans. In the early 20th century, the Europeans said Americans could not innovate. In the 1960s, that was what the West said about Japan. In the 1980s, the Japanese probably said the same thing about other Asian countries. It is pride and prejudice. We are superior to you. You can never do the most difficult thing that we do, which is innovation. Innovation is something that happens in the late stage of development. When you are backward and poor, you do not have the human and financial resources to innovate. So you buy technology from abroad. Only when you reach a certain level of affluence can you devote resources to innovation. Too bad innovation can happen in all countries in the world.
@@AnnieT369 5000 years of history does not make one innovative, only open-minded, humble, and desire to be better drive innovation. Nostalgia in the 5000 years of history will only make one complacent, decay, biased, and prejudiced.
History has shown the Chinese are inventors / innovators, it is in their DNA, nothing can change that. They invented paper, compass, gun powder, silk, tea, etc.
@@gustavoflorio5383 Sorry to disappoint you but NO...not all human society can be innovative. Proper education and resources those two alone won't do it.
People are still stuck in the 80s with their China stereotypes. China are sp far ahead in almost every area of manufacturing and technology and where theyre not they soon will be
It's stucked because western DNA has an inherent fear of the yellow perils. Studies has suggested these traits were acquired during the mongols raids into Europe and/or Atilla the Hun terror across Europe. Modern East Asians (Japanese, Korean and Chinese) may not be related to the Mongols and the Huns, but to the western eyes, they are the same pedigree.
Not people. *Americans* The majority of their population live in their own American bubble and seem to think the Chinese manufacture only cheap household trinkets that you find on Temu. 😂 It is both hilarious but equally scary to see this kind of ignorance. The sheer hubris of typing “China only builds cheap junk” on the “Made in China” iPhone. BuT BuT BuT iT WuS DeSiGnEd iN AmEriCa. ChiNeSe DoN’T InnOVaTe, ThEy OnLY CoPY.
The Chinese smelting engineers have discovered an entirely new revolutionary way of making steel that cuts down a standard process from 6 hours down to a few seconds, and keep this secret since 2013! It is not their overcapacity, it is their very innovative & creative ways of mass producing steel.
@@100c0c Irrelevant. Only China made it work. Same for Thorium molten salt reactors. Discovering something means SFA if you don't turn it into practical use.
@@100c0c thats still an innovation, thats like having an idea of getting water from underground, making a hole and be able to get water from it with a bucket, and someones came with an idea that instead of using a bucket they just gonna used a system of tubes to get the water from it which is faster and get more water than the bucket itself
Maybe not. Australia is low grade iron ore too. There are vast deserts where the sand is red because it is iron ore. Mining that is just a matter of shovelling it.
@@thebeautifulones5436 the new technology makes the low grade iron ores in China feasible for steel making. This creates a viable competition with the rich ores from Australia. Why would Australian low grade ores matter in the discussion? The new technology is not limited to low grade iron ores.
Tariff is effective when the importing country buys time to develop and to make its own products more efficient and competitive. When the importing country does not have that industry in the first place, together with high labour cost and inadequate material supply chain; tariff is nothing more than a new tax to its citizens. China should increase their prices on exports, whenever tariffs are put up against it, since the importers would pass the cost to the consumers, who have no choice but to buy the goods.
China has repeatedly demonstrated that in order to reap the benefits of education, you must have enough people who are willing to get their hands dirty to work relentlessly to turn concepts into tangible stuff. For that to happen, there must be enough young people who are willing to put their nose to the grindstone in STEM. Western culture favors the "big bang" approach to innovation, while Asian culture is more pragmatic and favors steady and continuous improvements leading to innovations. China, Japan, Korea, Singapore, Taiwan are prime examples.
@@oberstleutnant787 Go away and leave me alone. I'm NOT interested in politics. Each of the places mentioned has gone through their industrialization stages differently but with one common paradigm which is different from the Western model of innovation.
I just keep trying to figure out how we in the US can thwart tariffs. This consumer just wants to be able to buy reasonably priced products. If the industrial future of the US and Europe is in boutique manufacturing, so be it.
@@dennisreed6345 , Those union workers went on strike at ports a few days ago in the US just demanded that there be no automation at ports so that they can retain their jobs. You are asking for the impossible, not only improbable.
This new method must be capable of producing all types of metals. With 10 years of working out methods and procedures the Chinese are the masters of metal making.
@@mengreat6982 Trump has no chance and it's a blessing that he only has 4 years to dig America into a bigger hole before he is out and says vondercrazy gets elected in time to finish America off. why not vondercrazy lolololol.
I googled "flash ironmaking" and the first item was a US DOE article from 2019 describing this process, also stating "this project started 2012 and was completed 2018", and summarizing the real significant benefits. So, what happened? Was it just cheaper to keep buying imported steel rather than anyone investing in this? Seems like no one wants to take a risk on new, better technology in the US anymore unless the government is giving free money via grants or long-term tax breaks. Thanks.
The idea is not new, but the process was too costly. Get the cost down by introducing the right catalyst and refining the process is the key for commercialization, as with most everything else.
Top stuff Kevin as always. Very well presented in your "mater of fact" way, a pleasure to listen to. Merry Christmas and a healthy prosperous and fortunate new year !!
US and EU chooses to confront and contain China, instead of cooperating, collaborating , ... to help the world to develop and progress. There are ways to do it, but only if they are in the same page. Too much Greed and selfishness makes things worse for humanity
china said there is more than enough wealth to be shared around the world. west said there is limited wealth so i need keep them to myself. two very different fundamental beliefs
Instead of using China's low grade iron ores, China could also import cheaper iron ores (low grade iron ores) from other countries instead of Australia's expensive high grade iron ores.
If we consider people as an asset and invest in them from childhood, research has shown that the probability of becoming a genius or a less intelligent person is average. In China, it's not possible to import a large number of such talents from other parts of the world, so we can only rely on universal education and cultivation to ensure that these geniuses receive an education. On the other hand, the United States can import high-quality talents from around the world, so their education system lacks the motivation to produce more geniuses. At the same time, importing talents from abroad can reduce the investment needed to provide education for all. This model is also used by Netflix, which only acquires talents cultivated by various educational systems without investing in them.
You are so correct. This "importing talents" is a huge advantage the U.S. never wants to really admit. How much time/money it has saved by just snatching up the cream of the crop from other countries and let them serve the U.S. for decades.
@@vulcansaur The benefits and drawbacks are two sides of the same coin. For the United States, the demand for talent in any given period of time is fixed. When foreign talent occupies job positions, it squeezes out local talent, naturally leading to conflicts. As a result, we often see that foreign immigrants who truly contribute to research institutions, large corporations, and the like, are unable to become leaders in key positions. For countries that export talent, if these talents can return to their home countries, it's as if the United States has provided high-end talent training for these countries. Therefore, some people in the United States say that the country is cultivating talent for its own competitors. These contradictions, mixed with voting demands, media manipulation, and the decreasing intelligence of the average American public, make this issue even more intractable.
The U.S educational system at the university level has become extremely costly; it mainly rewards talented graduates that go into finance (Wall Street) or law where they can make loads of money. And the lower levels of public education have eroded in quality -- especially in areas without a high tax base. The wealthy send their kids to private schools and hire tutors to give them huge advantages. If the family is not wealthy then the college student is required to take on immense levels of debt to complete the degree. Students emerge as 'debt serfs' to bankers. It's become cost prohibitive for many Americans to earn university degrees, and a STEM degree is risky since there is no guarantee of a decent job in a relevant field. This was NOT the case in the U.S. from the 1950s (GI bill, etc.) until the Reagan neoliberal 'triumph' of the 1980s. And it's been getting worse for the last 40 years ....
Chines drones, ev's, hsr, tanks and planes will be alot cheaper and affordable too for all china friendly countries. Too bad for china UNfriendly countries there will be huge tariffs put on chinese goods.
AI Overview Learn more According to current historical understanding, China is considered to be the country that first produced iron products on a large scale, with evidence of cast iron production dating back to the 8th century BC, significantly predating other regions like Europe in this technology. Key points about China's iron production: Early evidence: The earliest cast iron pieces found in China are from the 8th century BC, discovered in the Tianma-Qucun cemetery in Shanxi province. Blast furnace innovation: China is also credited with developing the blast furnace, a key technology for large-scale iron production. Spread of technology: While the exact origin of iron working may be debated, it is believed that the technology spread from China to other parts of the world.
Chinese Dominance in steel making will continue for many years to come. Thank you for explaining why. Merry Christmas to you Kevin and all the best for 2025.
Very interesting. I think the true test will be if China reduces iron ore imports regardless of whether new tariffs are imposed or not. A reduction in iron ore imports will be a sign that this tech has move from experimental to production. I’ll be watching
@@GiorniVenibato Russia, US, England, France, Italy, Japan, Germany and Austro Hungaria. Started 12/24-12/26 1860. They called the night after Christmas "carnival night" after the ransacking, pillaging and the destruction of the summer palace.
US has extensive and sophisticated legal system. If a China company rips off U.S. IP then why not sue it, rake up huge penalty and fine then ban it from selling in US? Apple has no problem suing Samsung over simple thing like phone icon geometry then U.S. multinationals would have no problem suing China multinationals if they seat US IP but you don’t see this. All you see and hear are US govt smearing and fearing campaigns against China multinationals.
Australian here - this sucks to us. So much of the "Lucky Country" mentality is derived from our digging up vast swathes of our country. Our government relies on royalties to sustain the budget.
Science and Civilisation in China (1954-present) is an ongoing series of books about the history of science and technology in China published by Cambridge University Press. It was initiated and edited by British historian Joseph Needham (1900-1995). China has several thousand years of tech experience while the West only has several hundred years since the end of the Dark Age.
The USA political leadership, think tanks (with leaders like John Meirsheimer), and news media should keep telling Joe and Jane Q Americans that China is still backwards, yada yada yada. China will continue to learn from the best (whether it is from abroad or internally), innovate and improve the lives and wellness of its citizens.
There’s always a more efficient and cheaper way of processing ore materials. The one who find it first, will be the one bringing home more bacon Kevin. There’s never enough pork belly in the globe. Unless you give up on bacon. At least that our way of life in America. Excellent point Kevin. Be good.
Enjoyed your insights and research a lot. Keep up the good work. Wish you a Merry Christmas and a Happy New Year and may God continue to bless you and keep you
The most amazing part of the story: This new process was invented about 10 years ago and they spent the last decade on perfecting it, putting in use on production lines already, before letting the world know. It’s not just a new research paper.
Wow !!! Iron Making / Metal Purification will be SIGNIFICANTLY cheaper, faster and higher purity. Many down line productivity increase and new Composite material maybe possible.
@@othmanhassanmajid8192 coal costs money to dig. Sunshine is feed. China has millions of hectares of desert. Ergo china builds 5 nuclear reactors every two weeks of equivalent power in solar panels.
Academic PhDs keep telling US consumers that tariffs will increase CPI from 2% to 4-5% per year; we will end up paying not the Chinese. Then the same academics increase college costs by 10%, 12%, sometimes 15% per year every year. US union employees make $70K per year on average (according to IRS figures), but college professors and charity fund raising staff make double that. Hospital administrators and college presidents make well into seven figures. Public servants (government employees) work shorter hours, get more benefits and higher pay despite having much lower productivity by any and all measures. The non-profit, tax-exempt / avoidance sector of the US economy used to be relatively small (as a percent of GDP) and US corporations were the biggest in the world and largely unchallenged. These big corporations paid for the tax-exempt sector. Now the tax-exempt sector (universities, hospitals, pro sports teams, transit/turnpike authorities, and government) is over half of GDP, while US corporations are relatively smaller and face enormous global competition. Either Chinese companies have to take the place of US companies and pay for the US tax-exempt sector ... or else the tax-exempt sector has to be "right sized". In the short term, the Chinese companies will pay because the US is the global consumer of last resort (see US credit card balances) and China has no choice. In the medium and longer term, emerging markets are growing much faster than US credit card limits; the bloated US tax-exempt sector is going to get right sized, because there is no choice. The subsidies provided by a US corporate sector that had (past tense) no competition after WW2 are gone. The tax paying sector now has substantial competition. Someone has to replace the once mighty US corporations in paying for the bloated tax-exempt sector.... or else the bloated tax-exempt sector has to shrink. Tariffs on Chinese iron and steel production is really missing the forest from the trees.
Harley Davidson is an iconic American brand driven by ppl who likely cheer on tariffs but might not know they were forced to offshore production when Trump’s steel tariffs blew back sending prices soaring & this USA 🇺🇸 company out of the country
and Canada's steel was a threat to US national security . I'm counting the days until he declares himself President for life . Imagine how messed up you have to be to vote for a criminal with marginal skills .
Essentially this like a FAE. We did this experiment with flour in science class a LONG time ago. The trick is to PRECISELY control this "explosion" and get a useable product with repeatability. Hmmm, good job!
The Chinese were inventors even before Western civilization. Infact western civilization uses some of Chinese inventions, such e.g paper, gun power etc
Wow, this gentleman took time out from his Xmas, to tell us about a "revolutionary" technique in Chinese steelmaking. (We assume the goal is steel, not iron.) "Inside Chinese Business" is really dedicated - fanatically dedicated - to promulgating Chinese manufacturing might.
and they blame it on currency manipulation...... do they really think we are that cheap in China? I call this a step change. I am still stuck with the old iron making processes that I learnt in the UK. It's a high energy process and you need a lot of coal while we blew CO2 into the iron. I am one of the outdated people too.
Substack, for video transcript and direct links:
open.substack.com/pub/kdwalmsley/p/investor-alert-revolutionary-ironmaking
American I can't keep.
Again… Merry Christmas… God bless!!
Thank you for the script, I check out the articles in the presentation, so it's very helpful.
merry christmas to you all, especially to you "inside_china_business", no disagreement
with you facts...regardless which sector + tariffs , your presentation+ others like yourself,
when one putting labour cost aside...and when supply chains cut off to america+eu,
game is over...then the compounded with brics + dedollarization...the depressions in the
1930s ... effect can be compared with a 2megton nuke vs anything america has
God Bless
China has 4 times the people and they traditionally educate their kids in STEM fields. America educates its kids to be lawyers and MBAs and bankers and CEOs. We used to want to be scientists and astronauts and doctors but now we're a nation of internet 'influencers', baristas, ambulance chasers and rappers. Pretty easy to determine WHICH route will win the 21st Century technology races. China and India have BOTH out-patented the USA in AI and genetic engineering the past few years and the gap grows as we keep spending our money fighting wars around the world.
You're incorrect on India but correct on China. Indian is fifth in AI.
Who needs STEM ?
The West and especially the US are leaders in gender and LGBT studies
Who needs STEM?
The West and especially the US are leaders in gender and LGBT studies
India's AI and other intellectual properties patents is still nothing compared to the US. India is still ranked outside top ten countries in intellectual patents in the world.
China number #1. The western world lies about China stealing intellectual property. Chiense people are just smarter.
Chinese are quiet, cooperative, hardworking and perform brilliantly
Yes the Chinese are like a well functioning, super efficient ant colony, or maybe like a Borg hive 😂
Over the last 20 years, they've certainly turned a corner. We should be studying and analyzing them and learning from them rather than all the antagonistic behaviour
What to learn !!! Hard working , sacrifice !!! Everyone knows that , the west is wasn’t build the same , the west was build by invasions , genocides , colonisations , slavery ,,, so yes we all know how China did it and how the west did it ,,, nothing to study ,,, ohhh I forgot the west have clever people , the superior race !!! You are pathetic
8 nation alliance 1900 countries will copy it from china and say the west created it first.
National characters
🤔
Thank you China for the making the world great and affordable again
@@donkeykong516 Trump : hold my Budweiser.......
If this hold even half true the price of iron will soon be a really interesting subject to watch
@@JohanDanielAlvarezSanchez , At this rate, she will control near 90%, if not 100% of her steel production for the world, as it is, isn't she controlling over 50%??
@@donkeykong516
Trump: hold my Budweiser.......
Never trust anything out of China.
It was a brilliant move when China 🇨🇳 decided to make sure everyone had a chance to get a quality education. Look at them now how far they’ve come in such a short time.
When you have a huge population which has HAD to be resourceful to simple survive, then you give them "formal" education they will by default have a very high degree of what I'll call "WHAT IF?" ratio.
They see a problem and instead of looking for an off the shelf solution, They default to "WHAT IF I TRY........?".
and THAT is where innovation is born.
8 nation alliance 1900 countries will copy it from china and say the west created it first.
So what happens when these current two post-Mao generations pass away? The ones after them have never starved or grown up in a China that isn't powerful so will they become complacent like the Americans today -- or their own Qing ancestors who fell asleep in the 1800s??
The only semi-guarantee I see is A.I., automation in general, and the good ol' Communist Party of China...if they remain as skilled as Xi Jinping seems to be so far!!
@@rogerstarkey5390 Not Just Innovation, Unlike the west that are happy to Milk the current level of Technology to highest Dollar for a decade, China Tries it hardest to make it Better, Faster, Cheaper nonstop in that same Decade time frame.
I read China is now providing universal preschool. This is a HUGE benefit to working parents, and a strong benefit to building an educational foundation.
Trump: I love tariffs
China: I really don't care
Tariffs own people
😂
Before the income tax, the US relied on tariffs to fund the federal government.
You know you are no longer good at capitalism when you can't compete with communists.
Chines drones, ev's, hsr, tanks and planes will be alot cheaper and affordable too for all china friendly countries. Too bad for china UNfriendly countries there will be huge tariffs put on chinese goods.
The bias and prejudice is at the root of US foreign policy and not just with China. China put their interest first unlike Europe. This is why an occupied country is not sovereign.
The Romans were a caste and slavery-based civilization. Bias and prejudice were the core of its society. The British imitated the Romans, and the Americans were born out of the British.
In fact, the British led the Americans by the nose in ideology and mentality, bias and prejudice were their culture.
occupied by who? I think we all know at this point.... feels a lot like the 1930's around here
@@salmiak-salmiak you're antisemitic
@@salmiak-salmiak ,
Sorry to disappoint you ,
Fo blame your parents & teacher ,
You're spending time in school , we hope its education in school ,
And yet you learn nothing .
You do need to go back to basic ,
Plow the fields,
Till the soil ,
Plant the crops ,
Harvest them ,
With basic somple tools ,
Caring for your crops that they are not ravage by pest ,
Pray to the weather GOD that may give Ou rain and temperate weather for good yield ,
Otherwise ,
You go to war for food .
Sacrifice your life in exchange that your loved ones will have some food and resources .
After the spiel above ,
Lets hope you learn ,
Something , something that you needed to learn about life .
It might be the roof of foreign policy in US but in China is at the roof of their culture.
China has a history of innovations, look at all the things invented in China, like paper, gunpowder, trigger mechanisms, clockwork, wheel barrows, rockets, magnetic compass, seismometer, rudders for boats/ships, multi hulled ships, etc.
@@Ace1000ks innovation?
Just Google " Hisarna ".
Look it up in Wikipedia.
It is a Dutch innovation from 60 years ago.
Lmao but in the recent century they are far more likely to steal
tech or copy it than actually invent anything
Don't forget the moveable printing press
They invented the Stirup for horses also
@@henrytaverner1803 There are a lot of things I didn't mention, like kites, bellows for blast furnaces, folding fans, umbrellas, belt drive, iron casting, porcelain, etc.
You never cease to amaze me, Kevin. Your research and reporting is always outstanding.
@@trekpac2 thank goodness he doesn't work for western MSM 🤣😂🤣😂
@@georgejesson1944 He is the last one the MSM would even interview, much less have him work for them. When it comes to China, or anything outside of the U.S., truth is absolutely not allowed in Western MSM.
Yes. But it's not that hard to find because the source, SCMP (South China Morning Post) is a top news paper for decades in Hong Kong. SCMP news is reliable and very rare to be found biased, even to this day.
Don't forget there are also articles in China's scientific journals and news media.
The prejudice that says an upcoming country can only copy but not innovate is not new. In the mid 19th century, that was what the British said about the Germans. In the early 20th century, the Europeans said Americans could not innovate. In the 1960s, that was what the West said about Japan. In the 1980s, the Japanese probably said the same thing about other Asian countries.
It is pride and prejudice. We are superior to you. You can never do the most difficult thing that we do, which is innovation.
Innovation is something that happens in the late stage of development. When you are backward and poor, you do not have the human and financial resources to innovate. So you buy technology from abroad. Only when you reach a certain level of affluence can you devote resources to innovation. Too bad innovation can happen in all countries in the world.
Point well made.
The wealth and poverty of nations.....says it in more details
People forget or are ignorant that in China's 5000 year history it has been up there before.
Guess why they have never mentioned what happened before the British rose.
@@AnnieT369 5000 years of history does not make one innovative, only open-minded, humble, and desire to be better drive innovation. Nostalgia in the 5000 years of history will only make one complacent, decay, biased, and prejudiced.
My respect for Kevin just keep going up. Thank you for another great analysis.
History has shown the Chinese are inventors / innovators, it is in their DNA, nothing can change that. They invented paper, compass, gun powder, silk, tea, etc.
Any human society can be innovative if they get proper education and resources to do it.
Yes, in their DNA.
@@gustavoflorio5383 Sorry to disappoint you but NO...not all human society can be innovative. Proper education and resources those two alone won't do it.
@@gustavoflorio5383Or alternatively, they’re “highly incentivised” to innovate? 😂
Yup
relentlessness and hardworking of the huge population are the driving forces of the Chinese innovation and success.
It’s just the best on TH-cam
Be good
36% energy efficiency gain and a lot less carbon emission, what's not to like. nice job.
Greta will be happy
@@jonesmorales-tu6kq LOL!
That translates into game-changing cost reduction on top of everything else.
The steel mills in the United States are gone. Why is there a tariff on something that the United States no longer makes.
The mind boggles here too.
Government revenue without calling a tax.
@soyoucametosee7860
DON@T start using logic!!
Everything US do against China is out of jealousy. Anything else is just bs.
thank you
People are still stuck in the 80s with their China stereotypes. China are sp far ahead in almost every area of manufacturing and technology and where theyre not they soon will be
I applaud the Western condescending attitude towards China, that’s really helpful to China, thank you!
It's stucked because western DNA has an inherent fear of the yellow perils. Studies has suggested these traits were acquired during the mongols raids into Europe and/or Atilla the Hun terror across Europe. Modern East Asians (Japanese, Korean and Chinese) may not be related to the Mongols and the Huns, but to the western eyes, they are the same pedigree.
@@gregwang8628China only gains by being underestimated by much of the Western world.
Not people.
*Americans*
The majority of their population live in their own American bubble and seem to think the Chinese manufacture only cheap household trinkets that you find on Temu. 😂
It is both hilarious but equally scary to see this kind of ignorance.
The sheer hubris of typing “China only builds cheap junk” on the “Made in China” iPhone.
BuT BuT BuT iT WuS DeSiGnEd iN AmEriCa. ChiNeSe DoN’T InnOVaTe, ThEy OnLY CoPY.
@kean-leongang1167 don't put your racist views on me, you don't speak for anyone but yourself.
The Chinese smelting engineers have discovered an entirely new revolutionary way of making steel that cuts down a standard process from 6 hours down to a few seconds, and keep this secret since 2013!
It is not their overcapacity, it is their very innovative & creative ways of mass producing steel.
China made it viable but didn't discover it. He says in the video the flash technique is from the US originally.
@@100c0cimplementation is innovation. Discovering is one thing. Production and economization are another.
@@100c0c No, it is not from the United Snakes
@@100c0c Irrelevant. Only China made it work. Same for Thorium molten salt reactors.
Discovering something means SFA if you don't turn it into practical use.
@@100c0c thats still an innovation, thats like having an idea of getting water from underground, making a hole and be able to get water from it with a bucket, and someones came with an idea that instead of using a bucket they just gonna used a system of tubes to get the water from it which is faster and get more water than the bucket itself
Merry Christmas, Kevin. I learn so much from you. You’re fantastic.
Awesome foresight as usual......you're the man Kevin, be blessed. Ps, your channel deserves far more subscribers, best videos on YT.
Get rid of coal usage in the process, wow! That's definitely environmental protection.
Australia is put on notice!
If this works, we're faaaarked.
Australia got greedy and overpriced their iron ore. Now they better watch out.
Maybe not. Australia is low grade iron ore too. There are vast deserts where the sand is red because it is iron ore. Mining that is just a matter of shovelling it.
With two of its major exports impacted. AUD will be stuck in the slow lane
@@thebeautifulones5436 the new technology makes the low grade iron ores in China feasible for steel making. This creates a viable competition with the rich ores from Australia. Why would Australian low grade ores matter in the discussion? The new technology is not limited to low grade iron ores.
China is always innovating now.
This will make Chinese products even cheaper.
The rest of the world love the reasonable priced Chinese products.
👍👍👍
Keep leading china, support from uk here.
x2
AUKUS is a ridiculous military alliance between the U.S, UK and Australia. It's costly, pointless and ultimately damaging to those countries.
Gotta love the chinese determination to always do better. And better. And better again! TY.
Your clips are just exceptionally good!
Much appreciated your acknowlegement of where you got the idea for this clip from 👍
that is rare enough....
Tariff is effective when the importing country buys time to develop and to make its own products more efficient and competitive. When the importing country does not have that industry in the first place, together with high labour cost and inadequate material supply chain; tariff is nothing more than a new tax to its citizens. China should increase their prices on exports, whenever tariffs are put up against it, since the importers would pass the cost to the consumers, who have no choice but to buy the goods.
here's the kicker. who has the latest manufacturing technology to make things efficiently at a low cost? china
Woke up this Christmas and made me a nice omelette with coffee hoping Kevin posted a video. Open up TH-cam and hear it is.
It's 18:23 now in Denmark, which country do you live in
Haha ! Me too 😊
@@remix-yy1hsUSA
You lot are as bad as me. It’s terrible and wonderful 🤣
China has repeatedly demonstrated that in order to reap the benefits of education, you must have enough people who are willing to get their hands dirty to work relentlessly to turn concepts into tangible stuff. For that to happen, there must be enough young people who are willing to put their nose to the grindstone in STEM. Western culture favors the "big bang" approach to innovation, while Asian culture is more pragmatic and favors steady and continuous improvements leading to innovations. China, Japan, Korea, Singapore, Taiwan are prime examples.
Taiwan is inclusive in China, and needs not to be mentioned separately.
@@oberstleutnant787 Go away and leave me alone. I'm NOT interested in politics. Each of the places mentioned has gone through their industrialization stages differently but with one common paradigm which is different from the Western model of innovation.
China is a juggernaut
Merry Christmas Kevin thankyou for your research
Necessity is the mother of invention. China has achieved this.
I just keep trying to figure out how we in the US can thwart tariffs. This consumer just wants to be able to buy reasonably priced products. If the industrial future of the US and Europe is in boutique manufacturing, so be it.
USA manufacturing should use robots
Simple
Don't elect politicians that impose tariffs
@@dennisreed6345 The unions will be against it.
@@dennisreed6345 , Those union workers went on strike at ports a few days ago in the US just demanded that there be no automation at ports so that they can retain their jobs. You are asking for the impossible, not only improbable.
You always engineer depth and substance in your videos. It's great to watch.
This new method must be capable of producing all types of metals. With 10 years of working out methods and procedures the Chinese are the masters of metal making.
Yes , someone said the titanium could be the next. The price of titanium could drop dramatically soon.
They have been for thousands of years
China is working to improve production efficiency, while the United States is working to increase tariffs or reject low-priced products.
No , under Trump it's about territory expansionism and tariffs worldwide
USA is working to increase number of genders . . .
You're not under trump. @@mengreat6982
@@mengreat6982 Trump has no chance and it's a blessing that he only has 4 years to dig America into a bigger hole before he is out and says vondercrazy gets elected in time to finish America off. why not vondercrazy lolololol.
And those damned Chinese EVs just had their build cost reduced by another.... 10(?) percent?
Abracadabra! Poof! A wave of the wand and you get steel! And it's clean to boot!
I googled "flash ironmaking" and the first item was a US DOE article from 2019 describing this process, also stating "this project started 2012 and was completed 2018", and summarizing the real significant benefits. So, what happened? Was it just cheaper to keep buying imported steel rather than anyone investing in this? Seems like no one wants to take a risk on new, better technology in the US anymore unless the government is giving free money via grants or long-term tax breaks. Thanks.
The idea is not new, but the process was too costly. Get the cost down by introducing the right catalyst and refining the process is the key for commercialization, as with most everything else.
Who said "2018"?
That was on DT's watch!
Oops.
Top stuff Kevin as always. Very well presented in your "mater of fact" way, a pleasure to listen to. Merry Christmas and a healthy prosperous and fortunate new year !!
US and EU chooses to confront and contain China, instead of cooperating, collaborating , ... to help the world to develop and progress.
There are ways to do it, but only if they are in the same page.
Too much Greed and selfishness makes things worse for humanity
The EU is forced to confront China, its not by choice.
china said there is more than enough wealth to be shared around the world. west said there is limited wealth so i need keep them to myself. two very different fundamental beliefs
Instead of using China's low grade iron ores, China could also import cheaper iron ores (low grade iron ores) from other countries instead of Australia's expensive high grade iron ores.
If we consider people as an asset and invest in them from childhood, research has shown that the probability of becoming a genius or a less intelligent person is average. In China, it's not possible to import a large number of such talents from other parts of the world, so we can only rely on universal education and cultivation to ensure that these geniuses receive an education. On the other hand, the United States can import high-quality talents from around the world, so their education system lacks the motivation to produce more geniuses. At the same time, importing talents from abroad can reduce the investment needed to provide education for all. This model is also used by Netflix, which only acquires talents cultivated by various educational systems without investing in them.
You are so correct. This "importing talents" is a huge advantage the U.S. never wants to really admit. How much time/money it has saved by just snatching up the cream of the crop from other countries and let them serve the U.S. for decades.
@@vulcansaur The benefits and drawbacks are two sides of the same coin. For the United States, the demand for talent in any given period of time is fixed. When foreign talent occupies job positions, it squeezes out local talent, naturally leading to conflicts. As a result, we often see that foreign immigrants who truly contribute to research institutions, large corporations, and the like, are unable to become leaders in key positions. For countries that export talent, if these talents can return to their home countries, it's as if the United States has provided high-end talent training for these countries. Therefore, some people in the United States say that the country is cultivating talent for its own competitors.
These contradictions, mixed with voting demands, media manipulation, and the decreasing intelligence of the average American public, make this issue even more intractable.
The U.S educational system at the university level has become extremely costly; it mainly rewards talented graduates that go into finance (Wall Street) or law where they can make loads of money.
And the lower levels of public education have eroded in quality -- especially in areas without a high tax base. The wealthy send their kids to private schools and hire tutors to give them huge advantages.
If the family is not wealthy then the college student is required to take on immense levels of debt to complete the degree. Students emerge as 'debt serfs' to bankers.
It's become cost prohibitive for many Americans to earn university degrees, and a STEM degree is risky since there is no guarantee of a decent job in a relevant field.
This was NOT the case in the U.S. from the 1950s (GI bill, etc.) until the Reagan neoliberal 'triumph' of the 1980s. And it's been getting worse for the last 40 years ....
Chines drones, ev's, hsr, tanks and planes will be alot cheaper and affordable too for all china friendly countries. Too bad for china UNfriendly countries there will be huge tariffs put on chinese goods.
Great news for the US of Ab-Users.
Thanks for enlightening analysis Kevin . Look forward to next one
AI Overview
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According to current historical understanding, China is considered to be the country that first produced iron products on a large scale, with evidence of cast iron production dating back to the 8th century BC, significantly predating other regions like Europe in this technology.
Key points about China's iron production:
Early evidence:
The earliest cast iron pieces found in China are from the 8th century BC, discovered in the Tianma-Qucun cemetery in Shanxi province.
Blast furnace innovation:
China is also credited with developing the blast furnace, a key technology for large-scale iron production.
Spread of technology:
While the exact origin of iron working may be debated, it is believed that the technology spread from China to other parts of the world.
Merry Christmas Kevin and your team!!
You are the very best!!
Chinese Dominance in steel making will continue for many years to come. Thank you for explaining why. Merry Christmas to you Kevin and all the best for 2025.
Another great analysis. Another wake-up call.
HAPPY Christmas Kevin I appreciate your insights
Very interesting. I think the true test will be if China reduces iron ore imports regardless of whether new tariffs are imposed or not. A reduction in iron ore imports will be a sign that this tech has move from experimental to production. I’ll be watching
It really backfired. Wow!
The eight nations invaded Peking on Christmas day 1860
China WILL Remember such incident and knows what is possible .
It was perceived as humiliation which prompts them to worked doubly hard to rise from the ashes and is helping the poor global South today
Only British and France in 1860!
@@GiorniVenibato
Russia, US, England, France, Italy, Japan, Germany and Austro Hungaria. Started 12/24-12/26 1860. They called the night after Christmas "carnival night" after the ransacking, pillaging and the destruction of the summer palace.
And MacArthur said they would win the war and return home before Christmas.
Please tell Trump that China did not rip off U.S. intellectual property. 🤣
He's dumb & stupid to learn that .
US has extensive and sophisticated legal system. If a China company rips off U.S. IP then why not sue it, rake up huge penalty and fine then ban it from selling in US? Apple has no problem suing Samsung over simple thing like phone icon geometry then U.S. multinationals would have no problem suing China multinationals if they seat US IP but you don’t see this. All you see and hear are US govt smearing and fearing campaigns against China multinationals.
Unfortunately in this case that's exactly what happened depending on if the University of Utah patented the process(they probably did).
@@tonysu8860 Kevin stated that China bought the patent from US .
@@tonysu8860 If that is the case, U of Utah can always sue. If they don't, that means no rip off.
Australian here - this sucks to us. So much of the "Lucky Country" mentality is derived from our digging up vast swathes of our country. Our government relies on royalties to sustain the budget.
It's a crying shame that the US gov is not listening to real experts like Kevin.
Science and Civilisation in China (1954-present) is an ongoing series of books about the history of science and technology in China published by Cambridge University Press. It was initiated and edited by British historian Joseph Needham (1900-1995). China has several thousand years of tech experience while the West only has several hundred years since the end of the Dark Age.
Great video Kevin and a happy Christmas to all.
Your insights are brilliant, thanks.
Great video mate, thank for teaching us..
Brilliantly said! Thanks
Thank you for the most wonderful information you provide!
The USA political leadership, think tanks (with leaders like John Meirsheimer), and news media should keep telling Joe and Jane Q Americans that China is still backwards, yada yada yada. China will continue to learn from the best (whether it is from abroad or internally), innovate and improve the lives and wellness of its citizens.
China never ever had a felon or a grandpa with dementia lead the country !😅
And IF USA "tries their luck", Every Chinese drone the tariffed out of the country will be dropping munitions on US assets
Thanks a lot for the great informative video. Tkank you
Happy Christmas Kevin, thank for taking the time to update us today
Thank you Kevin and Merry Christmas
There’s always a more efficient and cheaper way of processing ore materials. The one who find it first, will be the one bringing home more bacon Kevin. There’s never enough pork belly in the globe. Unless you give up on bacon. At least that our way of life in America. Excellent point Kevin. Be good.
US playing tariffs and sanctions games like Fool's errands
Merry Christmas Kevin 🎉
Feliz Navidad!
Thanks, Kev. You're a gem
When you're gettin beaten at the level of R & D, tarrifs will fix nothin!
Merry Christmas ☃️❄️🎄. I love you channel and great information. Please keep it up.
You don't want to go to war against a country that has seemingly endless amount of steel on tap...
Enjoyed your insights and research a lot. Keep up the good work. Wish you a Merry Christmas and a Happy New Year and may God continue to bless you and keep you
thank you and MR BRANT , for continuing to counter the roth childs version of CHINA
The way to win a game is to improve yourself instead of paralyzing your competitor.
The most amazing part of the story: This new process was invented about 10 years ago and they spent the last decade on perfecting it, putting in use on production lines already, before letting the world know. It’s not just a new research paper.
1 can only smile...
You mean the English language "teachers" from the UK didn't find out in 2014? They did. 😂😂😂
@@Zerpentsa6598you mean those commerical spies?😂
Intressting as allways!
Thanks.
Holy smokes! 3600 more productive!
No, 3x more productive, 3600x faster.
Wow !!! Iron Making / Metal Purification will be SIGNIFICANTLY cheaper, faster and higher purity. Many down line productivity increase and new Composite material maybe possible.
Nine of the top ten mining, mineral processing and METALLURGICAL universities are in China.
..... And less coal use... Although China does use electric furnaces also. 😊
@@othmanhassanmajid8192 coal costs money to dig. Sunshine is feed. China has millions of hectares of desert. Ergo china builds 5 nuclear reactors every two weeks of equivalent power in solar panels.
Academic PhDs keep telling US consumers that tariffs will increase CPI from 2% to 4-5% per year; we will end up paying not the Chinese. Then the same academics increase college costs by 10%, 12%, sometimes 15% per year every year.
US union employees make $70K per year on average (according to IRS figures), but college professors and charity fund raising staff make double that. Hospital administrators and college presidents make well into seven figures. Public servants (government employees) work shorter hours, get more benefits and higher pay despite having much lower productivity by any and all measures.
The non-profit, tax-exempt / avoidance sector of the US economy used to be relatively small (as a percent of GDP) and US corporations were the biggest in the world and largely unchallenged. These big corporations paid for the tax-exempt sector. Now the tax-exempt sector (universities, hospitals, pro sports teams, transit/turnpike authorities, and government) is over half of GDP, while US corporations are relatively smaller and face enormous global competition.
Either Chinese companies have to take the place of US companies and pay for the US tax-exempt sector ... or else the tax-exempt sector has to be "right sized". In the short term, the Chinese companies will pay because the US is the global consumer of last resort (see US credit card balances) and China has no choice. In the medium and longer term, emerging markets are growing much faster than US credit card limits; the bloated US tax-exempt sector is going to get right sized, because there is no choice. The subsidies provided by a US corporate sector that had (past tense) no competition after WW2 are gone. The tax paying sector now has substantial competition.
Someone has to replace the once mighty US corporations in paying for the bloated tax-exempt sector.... or else the bloated tax-exempt sector has to shrink.
Tariffs on Chinese iron and steel production is really missing the forest from the trees.
Thank you, Kevin.
Kevin has a suitcase full of beanies.
Lol
Who know where they're made?
It’s in alpha stage of real production now, soon it will roll out to build new facilities
Thanks for this insight. 👏👏👏👏👏
Another innovation invented in the US but not capitalized on. A similar situation when Japan embrassed the Deming method while the US did not.
Hooray for the USA, the true leaders of the world!
Another superb update!
Chinese have always been innovative, ingenious. Prof Joseph Needham said so 40 years ago.
Harley Davidson is an iconic American brand driven by ppl who likely cheer on tariffs but might not know they were forced to offshore production when Trump’s steel tariffs blew back sending prices soaring & this USA 🇺🇸 company out of the country
@@truthaboveall7988
Harleys made in China?
and Canada's steel was a threat to US national security . I'm counting the days until he declares himself President for life . Imagine how messed up you have to be to vote for a criminal with marginal skills .
😮
Myopia.... WITH blinkers....
Great work team 😊
I also think you need to look into Electric Arc Furnaces in Chinese steel making.
Essentially this like a FAE. We did this experiment with flour in science class a LONG time ago. The trick is to PRECISELY control this "explosion" and get a useable product with repeatability. Hmmm, good job!
IMHO, paradigm shifting way of making iron and other metals from non-metallic ores will eventually be available.
The Chinese were inventors even before Western civilization. Infact western civilization uses some of Chinese inventions, such e.g paper, gun power etc
Thank you Kevin.
Wow, this gentleman took time out from his Xmas, to tell us about a "revolutionary" technique in Chinese steelmaking. (We assume the goal is steel, not iron.) "Inside Chinese Business" is really dedicated - fanatically dedicated - to promulgating Chinese manufacturing might.
They are facts and facts.
Fortunately, Chinese propagandists do not grasp irony.
Feliz Navidad Kevin! You should be home cellebrating with your loved ones.
He IS home.
China has a new & improved Christmas as well.
@@nicolaskloster121 he is on his balcony at home.
Thanks and Merry Xmas
and they blame it on currency manipulation...... do they really think we are that cheap in China? I call this a step change. I am still stuck with the old iron making processes that I learnt in the UK. It's a high energy process and you need a lot of coal while we blew CO2 into the iron. I am one of the outdated people too.