Why the EU, US are concerned about China’s overcapacity
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- เผยแพร่เมื่อ 22 พ.ค. 2024
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The European Union and the United States claim that China is flooding global markets with cheap goods. China says these assertions are groundless. Post Europe correspondent Finbarr Bermingham breaks down the arguments for and against overcapacity, and looks at whether the EU and China are heading towards a trade war.
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When China was making shoes, Tshirts and socks the west never complained about “overcapacity”
They didn’t have those industries to protect. China is breaking the rules, tariffs them.
perhaps, but a hostile regime can't use shoes and tshirts to hurt you or enfluence your politicians..
@@dave23720 Ya, they can only hurt the working man doing that so it was just fine lol
@@dave23720 The hostile regimes are those that start wars and supply weapons for genocide. China is certainly not hostile.
@@user-cg3by6bb2gthe working man doesn’t matter to these people!
Overcapacity? With over 800 US military bases all over the world, 34 trillions in debt and never-ending wars!
Absolutely. The US regime has an overcapacity of military bases that is an existential threat to global peace and prosperity.
🧂
When western nations are ahead, it is called free trade. When they are behind, it's called, over capacity, dumping. 😂😂😂
There was never any free trade. The goods are not the same, the conditions of production are not the same, the regulation are not the same. You just try to argue in bad faith by oversimplify a very complex problem. Typical offer mentality.
@@notme943 No, he was right. What you need to think about is European historical colonialism, plundering wealth and resources from one country to make goods which are sold for a massive profit.
An example is France buying Uranium for the lowest price from Niger, France then generates lots of electricity, more than it needs, then it sells the excess to Europe for enormous amounts. Niger is subsidising France.
Indonesia was tied in to Western contracts to export Nickel, a very important resource for electronics, amongst other things but it was forced to sell this at a price it did not set. Now Indonesia is refining it's Nickel in its own country and making a bigger profit. It demanded countries build refineries there and China has built dozens for them. Europe and the West complained, they wanted to keep Indonesia poor and take their resources for bottom dollar.
The take another example of Western countries skewing markets, De Beers and diamonds. This was a market rigged by De Beers for their and Western benefit and the countries producing the diamonds never saw anything like the value.
You need to understand, Western Europe is resource poor so they've been plundering foreign countries for 500 years. Countries are now fighting back and demanding a fair price for their resources but that means European products are no longer competatively priced.
China is competative because it has resources, minerals, ores and it can make things cheaply because they don't have to go to another country to buy them. Germany is complaining because they can no longer plunder Africa and other poor countries so have to pay a fair price. Then there's the fact they're no longer buying cheap Russian energy, instead they're buying expensive American LPG. All this adds to their costs and makes their products uncompetative.
So your mentality is typical imperialist and colonialist, thinking you should still have the right to control everyone elses resources. That game is over. Western hegemony is over.
If free market reigns Supreme, then there should be consumer choosing
That was the original argument used by neo-liberalists making the case for 'free markets'. Oh, they said, the consumer will decide the price, quality, quantity etc. Instead we got corporate takeovers, anti competitive practices, price hikes, monopolies and consumer marginalisation@@michaelsomething7674
@@notme943White = Right // amirite?
The world is much more threatened by the overcapacity of printed US dollars.😂😂😂
Overcapacity of wine, Gucci bags, French perfumes….
And overcapacity of printed US dollars exporting inflation to developing nations
Can those brands even exist, if it wasn't for a limitless CHINESE market?
Trust nothing from the westm..
Nothing but war and suffering.
Not all the WESTERNERS are like that.
It politicians destroy it own people@@buravan1512
There is no so called a overcapacity, only a bad looser. 😂
Chinese overcapacity means US and EU underperformance!
Obviously, you missed the point about state owned enterprizes and govenment subsidies creating difficulties for foreign owned companies leading to a disruption to trade and the loss of sovereign capacity.
@@user-mw4go7ez9t you missed the point that China created the most successful economic development in the history of the world. Never has any country experienced so much prosperity in such a short amount of time. China evolved from a poor 3rd world country where the majority of the population lived with food insecurity to a peer competitor of the US in just 40 years.
Like the over supply of bikes in China that piles up everywhere
@@johnnywalker2870 The man made food insecurity of the great leap forward and the cultural revolution that came about after the legitimate government fled to Taiwan. Yes, they did improve under the stewardship of the US, after being given most favored trading status. This prosperity could easily be taken away as china depends on consumers of other countries, who could return to making these products themselves or sponsor another 3rd world country to do it.
@@user-mw4go7ez9tlol, free market it is 😊
Over capacity. Like how the UK destroyed Indian weavers?
Get lost.
Grow up.
Be competitive.
Stop blaming others for quality, cheaper goods.
Janet Yellen‘s claim that - China’s so-called overcapacity in solar energy, electric vehicles and lithium-ion batteries - is creating an unfair competition that will distorts global prices, and hurts American firms and workers, as well as firms and workers around the world, is at best paradoxical. And at worst, myopic.
“Overcapacity” and “hurting American firms” is paradoxical. Needless to say, if China produces products that nobody wants, it will hurt nobody except China, much less American businesses. Inferior products are destined to the garbage.
But the inconvenient truth is - at a given price, the Chinese green energy products such as, photovoltaic cells, windmills, lithium-ion batteries, and EVs are light-years ahead compared to that produced by their western competitors. The latter simply cannot compete.
In fact, China’s so-called “overcapacity” is something to be cherished by humanity, other than perhaps the protectionist rant-seekers who can’t compete on a level playing field. Why do I say that?
Just imagine a world where photovoltaic cells, windmills, lithium-ion batteries, and EVs are luxuries that only the Global North can afford, what will then happen to the Global South?
The Paris Agreement is a collective initiative involving both North and South. It calls for all nations working together to combat climate change. The implementation of the Paris Agreement requires economic and social transformation of the global economy based on the best available science and technology.
Inarguably, China has emerged as a clear leader in green revolution. Simultaneously, China is providing the world with high quality products at affordable prices by increasing supply to offset the pent-up demand for new energy.
If indeed the Chinese products are heavily subsidised, which of course is not true, then the world should be grateful. This is because as they’re getting high quality products at affordable prices subsidised by the Chinese.
However, the proposition that the Chinese green energy companies are heavily subsidised belies China’s cost-efficient and unrivalled manufacturing capability built on the foundation of critical mass, revolutionary innovations and processes.
UBS Research analysts recently tore down BYD Seal, the new generation EV model from China’s leading carmaker, BYD, and share their insights into BYD’s technology, supply chains and cost structures.
The DBS’s team concludes by saying that “compared with mass EVs from legacy OEMs, BYD Seal is the better and much cheaper car, thanks to high vertical integration that leverages BYD's cost lead in battery cells, vehicle integration, powertrain and electronics modules. Connectivity and advanced driver assistance systems are also state of the art.”
Unable to compete, it is sour grapes to Washington. Unfortunately, when the strong have eaten sour grapes, the teeth of the weak are set on edge.
Consequently, the world, especially the Global South, will suffer if China yield to Washington’s self-serving objective and scale back on production. If China were to do that, the prices of green energy products will surely go up exponentially.
But fortunately, China is no sycophant nor vassal to Washington.
she is 100% correct and retaliatory actions are on the way in both the US and EU
This is basic. Before China, karaoke in the Philippines is only for middle class and the rich. When China, thu it was a low quality electronics that time, but who cares, everyone and every household in my country, rich or poor, could finally enjoy our national pasttime! Thank you, China!
@@shanghaiffggWelcome to the new world order, called MULTIPOLAR system, where the dignity of sovereign nation’s cannot be compromised or eroded.
Blessings to you China you are an honest entrepreneur , keeping the price of your goods affordable to all .
The "problem " is, that China is winning in the game of the capitalists. They work harder, think longterm yet pragmatically, have a higher savings rate.
West, stopp complaining and start diplomacy and cooperation.
When you win. What do you think,..... Shouldn't I try to favorably change the rules of the game? ? ? But it won't longer be the game.... ! ! !
I agree, don’t complain, don’t be a sore loser and work on improving and developing oneself.
Isn't the iPhone overcapacity?
No. But Microsoft is overcapacity
As an European it is so insane to hear the absolutely bizar viewpoint of EU leaders. Cost of living has never been higher and only continue to rise which means higher wages making the EU economy less competitive which they themselves caused by opening up key tasks like education, healthcare and many government functions to for profit corporations. Of if your "investment/subsidy" plan is to throw billions at for profit entities then of course this is going to be the result. That is why China is so much cheaper because a lot of stuff needs to be done without profit being the main focus. But instead of learning from China they just dig in their heels and just drain their economy and its people of any wealth they have until they have no other choice left but to change to a non-profit model anyways. It's a crazy combination of incompetence and an unwillingness to learn.
Unlike you, the majority of the public don't know much about trade, economics, geopolitics etc. Thus they easily buy into all the garbage narrative fed to them by their corrupt leaders fake news propaganda
7:49 ‘China’s market is not fully open to European firms’. This is a load of BS. European cars such as VW, Mercedes etc are sold in China without tariffs. As well, Teslas are manufactured and sold competitively in China. European cars are more costly largely because of higher energy and labour costs. Neither of these issues have anything to do with China. Chinese EV companies such as BYD also have the huge advantage of vertical integration where they own the supply chains such as batteries. The cost savings from vertical integration is a result of a long term strategy that they followed for decades. European car makers lack that strategical thinking and the discipline to follow through.
Why u crying then don't buy EU cars it's that simple. They don't buy ur products and u don't buy theirs.. its that simple.
@@OhTaco77 U no buy my product. I no buy them product. I no make money. That’s simple.
@@gj8550 and?
@OhTaco7but the western country are complaining 7
@@leesiewoo5116 why u care if they are crying are u their parents,
That's Not my problem
New vocabularies keep coming in politics: decouple, de-risk, over capacity, and soon.... over innovative, over quality, over variety, over cheap etc
Sssst, you are giving them too much inspiration in their quest of over expanding propaganda jargon 😂
It’s called deception.
Germany is just parroting what the US wants them to say. I am sure if US owns these Chinese cars company, the so call overcapacity is encourage.
As simeone living in Europe, I would be glad if EVs and solar panels are cheaper and affordable
The western elite doesn't care about its people.
*It's just Common sense...*
If those EV's are to save the Climate, they should be affordable, so the World can solve the climate crisis.
Hey.... wait a minute, who's the socialist and who's the capitalist here....?
Now the new buzz word is “overcapacity”. Stop complaining USA. Try and compete just as much. If you can’t, then keep quiet. Cause this is just disgraceful.
It’s a natural market phenomenon. Even the US had the same capacity in the 1900s. It’s not overcapacity. It’s a natural phenomenon. (“It’s an imbalance of trade between Europe and China” makes more sense. Not over capacity… same with the imbalance of trade with Africa and Europe (does that mean Europe therefore has an overcapacity?). We all have our poison. So Europe should stop complaining. It’s a natural phenomenon)
I don't get it. The inflaton rate of almost all western countries are now skyrocketing. If they prevent their consummers to buy cheap goods, how they are going to combat the inflation and to get out the recession?
It doesn't matter. For the 1%, by the 1%.
The inflation makes their riches richer. They don’t wanna combat that. It’s all lip service
The west is concerned about the survival of their industry and they are behind in term of battery technology and systems intelligence
allowing the Chinese to dump into your market and destroy your domestic industry will make things 100x worse
"Inflation in western countries is skyrocketing" Reality: Top 8 highest inflation rate countries: Russia, South Africa, India, Brazil.
Try to block Chinese imports. Overcapacity? Has their country 100% implemented the transformation with electric vehicles? Has their country 100% adopted the solar energy transformation? If not, how is the Chinese manufacturing over capacity to supply the world with affordable price EVs and solar energy products? In their twisted minds, if they can not compete, block them. Or put up exorbitant tariffs or taxes, or even better, invent some strange terms or conditions as their excuses. What a bunch of sore losers and hypocrites.
They don’t want to be over dependent on a hostile country. They want their own industries to produce this stuff for them.
Chinese solar panels, EVs and wind turbines need to be banned for ethical and environmental reasons
What you described in the last half of your comment is literally what China does to most western companies. China is one of the most protectionist countries in the world.
They have not lost.
The most the Chinese have ever invested in 1 year in the USA is 46 billion when it should be 100s upon 100s of billions in FDI
That because many countries like the USA claim National Security, Reviews, Interest on that investment
While just American companies alone
Based in China sold 392 billion in goods and services to the Chinese people in 2018 when trump started his trade war
Those who don't have much money, will obviously look for lower price. If the buyer & seller are happy, what's others' problem??
The problem is Anglo elites can no longer rip poor countries off and 1ndea is getting extremely jealous 😎
@@HoldMyCowsberg I don't know why you are placing sunglass emoji here as if you have made a great point. 🇮🇳 just minds its own business, unlike others who play international politics. Bye.
@@varadharajannadarajah LOL, Moddy is busy silencing all political opponents both locally and abroad 😅
Just to be fair, I live in a small town in the US. And my neighbor has Khalistan flag all over their house. I don’t think they feel that India is only minding its own business. I hate any attacks on Indian people. But it’s just not true that India has only interest in internal affairs.
@@typicalKAMBlover21 What do you mean by khalistan? It might exist in some mentally handicapped gang's minds. And India doesn't need anyone else's certificate. If anyone is feeling desperate to comment on India, can lock themselves inside their toilet and talk to themselves. Bye 😊
It's not over-capacity. It is capacity planned for the world's needs.
Hypocrisy 😂
Over-capacity? Yes the natural response to "sanctioneering" policies. How can capitalism avoid competition without fighting for its own swift collapse....?
The core issue here is the Western overcapacity for destruction
Sour grape much?
Overcapacity of the US military industries is more scary, the US have approved $61 billion war chest to the Ukrainian and Israel war. 😢😢😢😢😢
China market is open to EU, especially the EU automotive products.
What overcapacity really means is that the neoliberal model has failed. The Chinese model is the future, a future that leans towards socialism as the next evolution of human society.
Yellen: China must ensure a level playing field for US companies in the green tech industries
China: You mean China must slow down so USA could catch up?
India is currently grappling with the outbreak of the Nipah virus, yet awareness about it remains limited due to the stringent control exerted by the Indian government over media channels. This lack of widespread information dissemination raises concerns about transparency and public access to vital health-related information during times of crisis.
Don't be lazy.
Pulling up your socks.
Be real man competing.
Man, the cope from the US is astronomical
A new invention, "overcapasity". Something that China can be blamed for by the elite, but benefits most people through lower prices.
EU & US concerns on China are not mainly economic.
It is f..king market economy.
You hooligans promoting.
When Steve Jobs released the first Apple iPhone in 2007, Nokia and Samsung should have raised the concerns of "overcapacity" of mobile phone industry.
700 pages, but in the news nothing specific. Almost all the subsidies were ended in 2022. The "subsidies" have never been made public. All of the subsidies are inuendo and never discussed in detail.
It will be interesting how much the US regime subsidise its agricultural sectors. Google it to learn the details. Not to talk about its MIC.
The US does not have EV battery technology, nor production capacity they need badly. How the US can complain about China’s ”over capacity”?
Why the US not concern over war weapons capacity. Look at yourself before open over stupidity.
!ndea has overcapacity in cow man uare too. However, it's OK since 99.99% of this stuff in consumed by the natives. Jai Hind! 🙏
China ❤
With the laws, no cointry can do export business. They can only produce what their local market can acept.
Germany export 75% of cars manufactured in Germany, while China export 15%. Yet China has overcapacity.
US export most of its agriculture products, e.g. corn, wheat, soy beans etc. Do you hear China complain about US overcapacity of corn, soy beans?
At this point the US and Europe should stop all trade with outside and make everything themselves, then consume everything internally.
But what industrial machinery from Germany, Switzerland and Northern Italy, that goes into EV manufacturing. Parts like door panels on Tier 1 suppliers, Instruments panels, molding machines, foaming machines, robotics etc. won’t this create job losses if China doesn’t buy these machineries?
China doesn’t use those machineries thou?
overcapacity means, dont buy cheap goods, buy our expensive goods, hahahahahahah
Imagine being such a huge fan of Who Wants to be a Millionaire that you actually think people will know what you mean when you say 'the 64,000 dollar question' in 2024.
Can the US and EU prevent developing nations like China, India, Africa and etc., from progressing in the 21st century where Russia and China are equally strong as the US?
IMO, cheap products will continue to come out from China, India and Africa nations for another 100 years. The US, EU and other developed nations have to adjust or increase their productivity to compete with emerging nations. The alternative is using force or war just like what the west had done past 500 years.
Yes they can.
Every Nation combined is not as strong as the US.
@@TacticalMayo . As proven in the past 500 years history where might is right?
@@lenkiatleong just remember if the mushroom cloud is smaller than your thumb you can run but if it's bigger than your thumb you're done.
In the western sphere it is “ Greed/Profits” that is the problem .
Which country is overcapacity with 800 military bases around China and Russia?
This actually happened to Japan in the 80’s. Unfortunately, China is a different dynamic. The world is a dangerous place.
Over capability of china to supply affordable products is very bad for under developed western countries.
Don’t Blame China for your shortcomings, time to learn from China .
Simple China overcapacity mean EU and USA don't have advantage to hold the world develop countries for modern technologies and high technology that China can provide with cheap and no string attached to all develop countries especially global South and Africa nation.
Western don't have resources only have advanced technologies now overtake by China , all world countries can look East to learn and without meddling and interfere
Europe economic is below capacity & performance due to sanction on Russia cheap gas. Business going down & living paycheck to paycheck, no money even for buying cheaper products.
Truth is still truth.
When they cannot compete they will follow the us direction in erecting barriers
中国人不吃这一套。LOL.
It is a hungry beggar hates his neighbor’s attempting baking aroma
Because they used to hegemony and want to save it
You can compare EU, USA share of export to GDP, to population
Its much bigger than China's
China ratio export to GDP = 20%
Germany = 50%
Belgium = 95%
Where is overcapacity?
Just ordinary fascism
Based!
It is not about saving anything. Either they will keep it or everyone will lose everything.
@@HoldMyCowsbergtankie
Because us and eu can't manufacture a thing, only buying cheap resources, doing outsource manufacturing and then resell with x5 margin. The only thing they can do is either whine or fool somebody
Over capacity is a function of free trade and globalisation, if neither then no foreign sales. Meaning this enire topic is not vise.
China became the manufacturer of the world because western and global south moved to China because quality price and supply chain, it's not China's fault.
Overwhatity??
If Europe wants its exports to be more competitive maybe they shouldn't sanction their biggest energy suppliers, shouldn't fund war in the mideast, shouldn't close down nuclear plants prematurely or adopt distortive "green" policies. Maybe they should investigate the Nord Stream blasts.
China has learned to produce affordable/inexpensive ,high quality desirable goods for the world , thank you China 🇨🇳 !
As long as lives are improved.
Please do not embarrass yourself by capacity of others
There is no such thing as the term as over capacity.
BRAVO CHINA 👍👍👍
I thInk it is important for the freedom to make as much as you like... No one can control anyone especially controlling another country. Why no one complain about US over production of iphones?
Innovate your goods in the market place or else you will perish ! Don’t try to create a war !
What a ridiculous when you got sick, let the others take medicine And blame others
Interesting times. I think the summary of this clip is from 14:03 to the end.
Fact is, the West has been assembling a range of weapons to ensure China doesn't get to the number spot in Economy, High Tech, Military etc. The maxim now is to do anything and everything to slow China's momentum. This will be shrouded in all sorts of 'nicespeak' and terminologies. As the gentleman said, China too has plenty of weapons at its disposal to strike back.
Presently, it looks like we're watching a movie of wits and wills. No matter who comes out victorious they'll be substantial damages.
So we have a cultural situation where the majority of the population in one part of the world are relatively dull workaholics who don't enjoy life enough from a western perspective, and in the other part of the world, a majority that are relatively lazy loafers who enjoy life too much from an eastern perspective. The loafers should go ahead and protect their markets with tariffs so the workaholics are forced to sell their goods produced under such overcapacity to the third world / global south, thereby improving the standard of living of the people there. The only people that would not benefit from this proposition would be the arms manufacturers who only benefit from wars, destruction and killings (not to mention genocide, ethnic cleansing, regime changes and colonization, even though the latter is a dying fad). Would that not be a win-win situation that would gradually make the world happier while reducing the influence of the military industrial complex and the elite political parties they have in their pockets?
China produces cheaper &better quality than is available in the west .
They should just shut up and compete … what happen to the competition conversation…lol…hyp sity is insane lol
How much does China export in relation to the complaining nations?
People should say the
🤣🤣🤣 🇺🇲🇬🇧🇪🇺 can't compete‼️🤣🤣🤣
👍👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👍👍
mark
Over capacity expensive US products all over the world.😂
Eu anti subsidi.....will eu band usa chip..they subsidi them under chip act.
Tariffs and Taxes is going to the Government as income... It's just Big BS hahahaha 😂 😁 😅 🤡 ❤️
Like Indonesia 🇮🇩 put 200% tariffs on any Cars or Bikes imported from outside the Country... It's Taxes income ❤😂🎉😅😊
The Empire of Decline is getting desperate 😎
Trust me you wouldn't want what happens with that.
Remember what the show fallout said. If the cloud is smaller than your thumb run but if it's bigger sit down and relax and enjoy the show ☢️
@@TacticalMayo Well, it's already happening in realtime. Hint, you probably won't see it on CNN 😎
@@HoldMyCowsberg just remember if the mushroom cloud is smaller than your thumb you can run. But if the cloud is bigger than your thumb you're done.
@@TacticalMayo Quote from Hollywood? 😁
This guy is a westerner. Talk west 😮
The future of Chinese 🇨🇳 electric cars in Europe is uncertain due to *overcapacity,* a kind word for dumping.
Most Chinese cars "exported" to Europe are still *parking at European ports without a buyer,* turning the ports into huge long-term parking lots, a similar scene to the Bike Share program in China.
Your Malaysia is now flooded with Chinese EVs. Get use to it, the sooner the better
@@ToiChutGongWu Lol that break up with el-grando must be still annoying you Wu .
Imagine your best friend calling you a bot. 😂
CIA PROPAGANDA CHANNEL 😂😂😂
Chinese 🇨🇳 electric cars are *heavily subsidized* by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
- That's why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.
So is Tesla, dhum Kling. How are your Bullock carts coming along? 😂
@@HoldMyCowsberg The c0ws used for the carts are mainly meant for pleasures, not transportation, sadly.
These junks are selling at pork chop prices, still they are abandoned in European ports
@@ToiChutGongWuare you Taiwanese or farlongon
over capacity in green energy products ? when the world faces extreme temps, freak storms, blizzards, droughts ?
Long as fossil fuel is still getting burnt, there shouldn't be any talk about over capacity in these products!
Bring them on - bring them on heaps, bring them on cheap, and bring them on fast! The world cannot wait!
It's because the Impreliasits can no longer profit off the backs of their former colonies, well maybe except Heendoo serfs since they have nothing else to offer but dirt cheap labor.
Overcapacity = Cannot compete
That thumbnail is hilariously cute. 😂
G r e e d
By
C
h
I
n
a
XI JINPING IS A STRONG AND WISE LEADER. I LOVE XI JINPING. I WILL BUILD A STATUE OF XI JINPING AND THEN WORSHIP HIM EVERY DAY
Are you for real or is this sarcasm.
UE and US need to cry
$1trillion in every 6 months. What about American overcapacity in printing money? 🧐
SELL THEM AT HIGHER PRICES..THEY ASK FOR THIS.......SELL CHEAPER TO OTHERS WHO WANTS ECONOMICAL MODEL...
White Rajah: You have a lot of potential to be the next Superpower.
Moddy: Thank you, Sarr. How much are you investing?
White Rajah: Errrrrrrrr......... maybe in the next decade 😂
Over capacity. Like how the UK destroyed Indian weavers?
Get lost.
Over capacity. Like how the UK destroyed Indian weavers?
Get lost.