China vs The West: Does Trade War Spell End To Made-In-China Goods? | When Titans Clash 3 - Part 1/2
ฝัง
- เผยแพร่เมื่อ 10 พ.ค. 2024
- As the West and Japan pursues a policy of de-risking from China, China’s economy loses billions and foreign investments into the mainland become negative for the first time since 1998. Are we witnessing the end of made-in-China? Or is this the beginning of profound shifts in China towards green tech, high tech, and a more service-oriented economy? With major multinationals pursing a “in China for China” strategy; whilst others double down on the diversification of supply chains, this documentary analyzes the complex business trends unfolding, and what it means for the world’s second largest economy.
WATCH MORE When Titans Clash
Part 2: • New Economic World Ord...
00:00 Introduction
01:44 National security concerns across industries
05:44 De-risking mean decoupling from China? Why now?
10:35 Security or economy, which comes first?
14:03 Mexico's manufacturing sector driven by Chinese investment
21:26 Manufacturing moving out of China
26:17 Tesla opens megafactory in China to sell to China's domestic market
32:48 China now the world's largest car exporter
37:52 How did Chinese EV makers go from near bankruptcy to booming business?
40:35 Europe to investigate China EV companies
43:55 Can the world de-risk from China green tech?
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About the show: As de-risking deepens, China’s economy loses billions in investments. Is this the end of made-in-China, and the rise of new manufacturing powerhouses like India and Mexico? What is the new form of globalization that is emerging?
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Many branded clothing and shoes are manufactured in Vietnam, India, Bangladesh, Cambodia, Indonesia, Malaysia， Mexico , Thailand and Argentina
good
Cotton and fabrics from Xinjiang
So?
Those are heavy polluted industry
Do you still think of China as a country that only produces clothes and shoes?
I think this is a win win for everyone. I am glad to see Latin America develop its workforce and be an economic leader. Distribution of GDR and higher standard of living will solve so many problems relating to poverty, immigration and some more world wide.
Sadly U$ will never allow anyone to trade in "their backyard" apparently,
U$ politicians don't read history nor geography in school and colleges what a total nutjob.
Yep Guatemala can be developed to manufacture low tech construction. The cost is 1/3 the cost of Chinese labor and the Transportation cost is also 1/10 the cost. It would be vastly cheaper to produce in Latin America.
We should have invested in the America's first and foremost after ww2. Then the entire hemisphere would have been solid. From there diversify throughout the world. A strong hemisphere would have been a stronger and safer world moving forward
Sadly like many Americans, you do not seems to know how U$ democracy work and how they they are completely owned by mega corporations, wall st. in turn owned by A!PAC and Zion class.@@sunnybeach4837
yet, it does not happen and China is already negotiating land purchases throughout Central America for its own projects@@Alphasig336
Manufacturering is changing in China because of rise in cost of production, cheap manufacturing has to be transferred to other countries where the income is low and has a large youthful unemployment population
India right???
You are correct cost of living has gone up last 10 years and continues going up
Lol
It is not that simple, China is highly skilled, Many apple components left China for India on America's behest, many of them suffer and went back because of very poor quality output.
@@paultan5065 China used to be highly skilled, back when they had the silk, poecelain and gun powder market to themselves and such.
Now they are just "crafty". 孔子 has been turning in his grave for the past 75 years.
Excellent documentary.
Manufacturing should spreaded all over the world particularly in latin American nations so providing jobs for latin americans will help to ease illegal migration to US. Once the country is stable , peace and security follows.
China is building a couple of EV manufacturing plants in Brazil. China will build a few car plants in Mexico if US allows.
I don't think US has a say where China build plants. I would think China wants to sell vehicles in Mexico & So. America so thats a good business decision. Import into the US would be negotiable I think@@robbrand922
America as the most powerful neighbor of Latin America, they should've do what you said to develop Latin America decades ago. But now, it's China doing this job for America.
@@brian.z6592not for much longer.
economy should no be based on which countries gets a good life and which don't it should be based of profit
It’s also good to diversifying productions not just china. At least other countries will be benefited in terms of manufacturing jobs.
The most crucial is derisking our reserved currency. Nothing else more important than this single item.
@@Libochtebam8sMcezvbzti
Any country that succeeds like China will be targeted by the US. What they want is a monopoly. They thought China will forever be their cheap manufacturer. But China decided to build and develop their country and raise their people out of poverty. Good for them. Time is on China's side. There is a big world out there besides US and it's western proxies. China will work with the rest of the world.
avoiding monopoly of one country which they can use these to dictate the terms
good like service diversified: google (androïd), windows, facebook, twitter, instagram, .....
In the pursuit of lightness and strength, you also have the use of exotic alloys of steel classified as High Strength and Ultra High Strength (HSS & UHSS). Great for adding strength with less weight, they cannot be repaired like mild steel. Pulling and welding chassis legs is no longer feasible. Removal and replacement of the entire UHSS assembly is the only option.
That sounds expensive
So interesting… well reported and good work to all ❤
I want to see more MADE IN DIFFERENT COUNTRIES NOT JUST CHINA ON PRODUCTS
yes i want ur mom product
That's exactly why industries were "sent" there, in the beginning,
China didn't invade anyone and steal their industries; they were sent there @felipelim4750.
China has increased its research and technology investment sixfold............
Of the emerging critical technologies China is leading by decades in 37 of 44 of them...............
Most countries are struggling with 4G...........China is rolling out 6G
Countries brag about their bullet trains, China has 45,000 operational kilometers.
China isn't slowing, it's accelerating.
There are many products are not made in China anymore from the town I am living in. No more made in china!
There are many products are not made in China anymore from the town I am living in. No more made in china!
There are many products are not made in China anymore from the town I am living in. No more made in china!
Di-vorce is what we are calling for. Breaking up is hard to do.
😂😂😂😂😂😂😂😂
This is hands down one of the most interesting documentaries I’ve seen in a while! Very honest and looking at things from various perspectives, great journalism!
The TEMU "cookie" on my computer was almost 1MB.
The main takeaway is that companies are just doing what's best for their business given what's been going on in recent times. This "diversification", whether China likes it or not, is important to those companies. Part of the problem, to a large extent, is China itself and while the economics of such a move is secondary. China does understand this even if it doesn't like it.
Absolutely. The Chinese government has only itself to blame for increasing the political risk for companies doing business there.
Businesses are moving elsewhere because China is becoming expensive and competitive. No more cheap labour and hungry markets for foreign companies to make tons of profits. China has moved up the value chain. Labour intensive productions due to high labour costs are moving to low cost countries like India, Vietnam, Bangladesh etc. Add to it local companies entering market with products of equal if not better quality. Businesses are just rationalising their strategies in order to make profit and stay afloat. That's how businesses work, thrive and help develop poorer countries directly/indirectly.
Companies moving out of china benefits neighboring developing countries. Today china is like 1980 /1990 US. Outsourcing jobs to china while US keeps Silicon valley and Wall Street. China keeping high technology innovative industries and china banking while outsourcing low end manufacturers and assembly lines jobs.
China main priority is no longer making money rather its developing itself socially. Chinese middle class wants blue sky and better social infrastructures.
China been investing heavily with Asean and most likely jobs will be outsource to neighboring countries.
China wins , developing countries wins , consumers wins. It's a triple win
Agreed with all above. Also remember when a manufacturing shift to a different country (like Japan/Germany in the 50, Singapore/HK in the 70 and China in the 80) it also emerged into that country’s culture. There’s a reason why people like products made in Japan v those made in China. Understand there’s quality control within those big manufacturers but the culture that shaped work ethic imbedded so deep in each country. To achieve high quality, maximize revenue and minimize cost, peole will go through extent. It explained why there were sweat shops, child labor, drainage of natural resources, large gap of lower class and higher class that you see in one manufacturing country but not the others
@@nevilenobody606 You are buying into American propaganda again and again and again. It is NOT China that increased political risk, It is the U.S led west that initiated attacks. The 2 countries can never co-exist in the same manner because Chinese investments compete with U.S investments. Just crack open Lenin's theory on imperialism. The same conditions that led to the other world wars are happening again. You cannot NEVER have a universal equilibrium where everyone just gets along. That's NOT how capitalism works. It is an unequal system that relies on exploitation, imperialism and hegemony. The fact that you cannot recognise this tells me that years of neoliberal propaganda and brainwashing has been successful
When was this episode broadcast? It was uploaded 5 days ago but the narrative refers to 2022 in a sort of future tense.
There's a date 29/9/2023 @20 mins, so it can't be that old.
And yes, I put the date in the correct order 😂
The most surprising part of this video was that the mention of 2007. 2007 was the year Chinese companies realized they need to move out of China. That was.. almost 20 years ago.
Insanely far timeframe, I wonder what goes through their minds when they decided to go through with the decision.
Also goes to show that we can't really predict the future, but we can look into the past and learn a bit more about ourselves.
43:53 that yuh was so unexpected 😂😂😂
The great blunder done earlier was to transfer technology and setting up all factories there .That has made them economically better and then turn that country into a bully!
China a bully? Not US? If you are an Australian, search a speech ex-Australian PM Paul Keating gave to the Press Club.
Due to the high costs if they had not turn to China, they would had become bankrupt trying to produce in their own country a few decades ago.. Do you know what is talking on hindsight?
Stealing is better word..
You mean steal from your country?
N indian still pooping in street.
Well, China is certainly not going to make shoes and T-shirts forever, what we are seeing now is, China moving their low-tech factory to South East Asia, and starts exporting EV, Smartphones, PC, Heavy machineries, this is an upgrade, not collapse. But ofcause, there is a concern that they are losing too many low tech industry while High Tech Industry not yet replace it in scale, and resulting in unemployment, and those unemployed could not fit in High Tech Industry
HAH. It's not China moving "their factories", it's the rest of the world moving THEIR FACTORIES out of China.
China has moved those low value industries to Southwest China border towns where labor,land and hydroelectric is extremely cheap with abundant supply nearby migrant workers from Myanmar,Laos and VN.
BYD use real ppl in 5 years tesla will be all tesla robots and no humans way cheaper that goal of tesla and elon musk.
Where do you think China going to get their taxes now that those Companies are now overseas?
@@lostlogic6911who do u think owns those companies.... its china...... state owned enterprises is its speciality
The TINY LETTERED TRANSLATIONS is frustrating. Makes me choose to look for this news elsewhere. Better yet, the China Observer on TH-cam is very effective by translating the Chinese into English speech. It's very convenient and that's why I watch and/or listen to their channel everyday.
Lol, you're following a bias channel.
@@monkeyking-self-proclaimed7050 Biased for or against what or whom?
It’s sad TH-cam is putting out adverts promoting some foreign products that’s not available here and in some foreign language most of us don’t understand !!
I'm Chinese and I think every country should have its own manufacturing industry and should support its own product . The problem is not about China or any country . Its about the capitalism system . They just want to exploit more by using the cheapest labour . The contradiction between the working class and the capilists class is diverted into hatred between countries and ethnics.
100% spot on 👏👏
That's never going to happen. Technology hurdles are too great. No one shares intellectual property without reason. As it stands, China cannot even manufacture quality semiconductors... many counties would be left in the stone age without intervention
Dare to say that both Capitalism AND the Chinese Communist Party are problems. Don't be afraid and don't be an apologist.
Profit is not a dirty word. Communism is not good for anyone. Sounds to me like you are a Trump supporter.America first.👀👀👏👏👏👏
@@Antiquated-Ether Semiconductor is the most advanced technology industry in the world . I think Chinese companies is doing a very good job ,they are only 5~10 years from the most advanced companies in the west. Means 75% percent of the market is
available to Chinese companies .
This is nothing new , manufacturers have always been choosing the cheapest country for their factories , now China like the developed world is too expensive and the manufacturers are always looking for maximum profit .
USA and Canada tried slave the Chinese when Chinese all immigrated to Americans and western world as well. A lot of Chinese people adapted and adjusted. This is what happens when countries are too lazy and all they do is party..etc. remember china during 1950s to 1970s were poor as hell. A lot of places didn't even have toilets or air conditioning. Everyone shat in holes. Americans always wanted the Chinese to be slaves cause of their work ethics and their drive for money. The times have changed now. I'm Chinese myself and born in Canada. I'll side with Canada or course but there times Canada just a complete pussy of a country. This country basically slaved to the Americans as well. How the hell do we not manufacturer and bottle our own water is messed up
But China is not developed it's a poor third world
You can pretend?
China is not developed what a joke LOL. I know Singapore's wet dream is to have China century ain't gonna happen dear.
What happens when several decades into the future , all countries become rich? Do these manufacturers just reduce their profit?
I keep seeing BYD's new energy cars blowing up in the media.
the media was pay to promo those car man ..
@@Deco_2k the media was paid to promo Cadillacs, Chevy and Dodge too, but nobody buys those industrial trash
12:21 a very precise and fair assessment of the situation.
really fair... im sure they mention the fact that the data from official ccp sources is extremely untrustworthy and known to be made up. Im sure they factor that into their assessment, right?
If China is collapsing with 5% growth, where does that leave the USA, Germany, the UK?
Well Said!
I wouldn't trust any report from the CCP but take it would a huge grain of salt. They have always fudge their numbers to whatever narrative they want to portray. Here's another YT video about that 5% GDP. China's propaganda has swayed many sheep around the world. th-cam.com/video/w1u3V7siiGc/w-d-xo.html
Economic effects will not manifest immediately. Will see it over the medium/long term.
With a billion less mouths to fill every day.
and those 5% growth numbers are just made up, the CCP just pull them out of the ass.
Strange that globalisation and growth is not seriously questioned. Both might be a deadlock. Deglobalisation won't effect only China, of course, we do not want to dependent from any country/ region.
Unlimited growth is not possible without continuously creating demand for stuff, we actually do not need or without destruction by war fir instance. Not to talk about limited resources.
Growth is desired by shareholder value driven corporations and greedy UHNWI only.
With SME serving local and regional markets well, we would be totally fine.
.Every region could take care for its people and issues properly.
it'll be diverted to closer or friend shoring (aka reliable partner)
I personally think it was a mistake for Beijing to not only had weaponized but used it as a tool against multiple other nations such as Japan (during the island - Beijing wanted more military base?) / S.Korea (when they wanted more defense system to protect themselves from N.Korea) / Philippine (when they filed and won the law of the sea case) / AU (when they petitioned to investigate the pandemic) / Taiwan (pressuring to not support pro-democratic presidential candidate) / ... when the list had become 10+ ; especially after Putin's invasion into Ukraine. It had became more of a structural problem where Beijing may have overplayed its hand; especially when the gamble on Putin's early victory had backfired.
really? did you get your facts from CNN, CNA (a U$ sponsored channel)? LOL you are so funny but good luck@@michaelwang6125
Can't disagree with you more. With the cost of cargo shipping next to nil, a factory or workshop anywhere in the world in some remote village can compete for business with the factory across the street. That's what globalization is, despite the cost of transportation anyone and everyone everywhere can compete for the same business and Consumers benefit. There's no greed and there's no taking advantage of workers unless the workers are forced to work against their will. Standards of living vary across the globe so the same thing can be made more cheaply where living standards are very low.
As for demand, IMO the idea that demand is naturally limited is pretty silly.
If something, anything is made available to purchase that is affordable and good value, are you really going to argue that there wouldn't be demand?
Are you seriously suggesting that the Public in a land of enormous availability like the US that the Consumer should exercise self control and refuse to purchase something desirable and affordable?
you are totally right at this point!!
background music sucks man. Way too loud. great content (I think) just hard to hear them. Had to fast forward lots of content.
China's labor costs are already higher than those in countries such as Mexico, Vietnam and India. As early as 15 years ago, long before the Sino-US trade war started, China/CCP had long planned to relocate China's labor-intensive industries (low-end industries) to places with cheap labor.
After Trump came to power, the Sino-US trade war began. Americans thought they had succeeded in forcing Chinese industries to move to countries such as Mexico, Vietnam, and India, and were willing to pay higher prices.
Lol...
Full agreement with you.
Many companies are from South Korea and Taiwan, they started to move to Vietnam, India and Mexico since 2012. Samsung closed last phone plant in China in 2019. Chinese companies also moved many labor intensive plants to Vietnam and India like Lenovo, VIVO, Xiaomi etc.
But Mexico is an OECD country and China is not. I am under the impression that OECD countries tend to have higher average income.
China has to prioritize if it's security concerns are more important than trading with the West. Bullying neighbors, acting like a pay day lender and obfuscating economic reality does not help with transparency. If security comes first, then there goes the economy.
You meant BigUSbrother?
For a second, I thought we are talking about Uncle Sam.
China and its little pinks are just so big headed they think the world owes them a living. With FDI dwindling, end-users look for alternative suppliers, what is left for them? Of course trying to find scapegoats, just like they did with the Wuhan virus. Little pinks have no capability to learn.
Look US prefers to do business else where. Why are the Chinese gripping? You do you we do US!
@@jsyo9639 The US does not need China as much as China needs the US. That has to be factored into who has to temper their behavior. Ideally everyone will but most countries bully those they can, the US included. Only thing is they need to make sure they can withstand the blowback. Russia is seeing that with the sanctions now.
What would happen to the end of life from the electric battery? Would be great if the CNA could find out.
Please think about your viewer and read the subtitles in oncoming materials. Some people listen to them like podcasts or they are doing something at the time of watching... it's very inconvenient to need to look at the screen and have to read the subtitles. Otherwise, thank you for your material
China growth was phenomenal because FDI went there due to the low cost and expected returns on investment. In the last 2 decades, manpower costs had gone up ten fold and China is no longer cheap plus interference from government is of concern. Plenty are leaving for Vietnam, Bangladesh, India, etc. It will be interesting to see how China will fare in the next few years.
Not just FDI but also the work ethic of the Chinese people, like the Japanese before them. It makes for a seamless transition in production when all the cogs in the process are willing and able. I'm not convinced that India can replace China even if they have the numbers to do so, it is so fragmented structurally and as a society and culture I don't think they are willing or able. If they were, and if there was trust in that process, it would have happened long ago - before China even.
@@KJ_2020India from 2014 to 2023 got 596 billion dollars FDI
That says a lot
, Just wait
50 Metro,
40000 km expressway
Bullet train corridors with 512 km routes
And made in india hyperloop
100 airport
Redevelopment of ports
and redevelopment of 1300 + railway station
All these projects i mentioned are under construction
@@KJ_2020India is fastest growing economy soon by 2026 will be third largest economy,
We doing space program
We are making indigenous weapons
Actually our real journey started from 2014 when Modi government came in power
, That's why we are second largest phone manufacturer and Third largest auto manufacturers
and soon semiconductor, solar module , IT hardware, ev and its components and its battery
Will be manufactured by india
@@sahilrajput5746 well then, if India is so marvelous, how come you don’t cure your lepers. How come your dictator Modi pushes Muslims aside of society? How come you let your democracy becoming a Modi dictature?
China economics is slow down,but 5%+ grow is still much better than US or Europe.China is monopoly in new eneerge revolution:EV cars,solar board,battery,,in 10 years no doubt China pass USA to be No1/
low level industry out of China and new high level industry grow up.
Though trade war seemed ended, China is self sufficient they will survive. What i fear most is my country unprepared of everything.
Self sufficient that's funny. China need to import 70% of there food. The only fossil fuel they have a lot of is coal which is causing huge air pollution problems. Then 90% of there natural water sources are to contaminated from pesticides and other chemicals and basically too toxic to use for any human use. 50% of China was living in proverty even before Covid happemed. The USA unemployment at it highest was 30% during the depression. Well China unemployment is now recorded to be like 50%. Meanwhile the whole system is so corrupt. You have banks stealing people money. You have people who bought home that they have to make payment on for 30 years but were never finished or so badly built they fell down, but the people still have to pay for the loan. These people have no legal recourse either. In fact the police do nothing but arrest people the governmemt has a issue with. So your child being kidnapped is not the police comcern and the billion cameras they have were not working that day.
China has massive poverty rates. How will these people survive?
I wish you peace, wherever you are.
They aren’t? They can’t produce key technologies like semiconductors, are dependent on coal for electricity and China doesn’t produce enough food for its people.
Blurred lines are the easiest to exploit in punishing those entities that suddenly represent a foreign agency or government or simply delve to deeply into valid research to produce hard data for analysis.
Can’t rely only on made in China. For a while so many things I picked up from the shops were made in China 😮
Fair trade is fair play for all parties involved but sadly it doesn’t work out that way for all sides.
Chinese efficiency is definitely higher than the US, you can flame me for that if you want. They can build a road in two months which would take two years in the West. Their currency is one sixth that of the US. Even if they sell to the US at very good margins it would still win hand down against goods produced in the US in terms of price and you call that dumping. So whose fault is it?
Fair trade doesn't always mean balanced trade.
In fact,, rarely do 2 trading partners trade equally. Usually a 3rd party or more has to be involved to maybe balance the trade. But, trade imbalances aren't necessarily bad,. Depends on the circumstances. If one trading partner benefits more than others, is it the fault of the lesser side not to produce enough of what the other wants?
@@chongkt6469 Efficiency is jsut one thing though, but what about durability and reliability cause to me it seem like efficiency is the only everybody pay for ..
I'd just like to complement the editors on the choice of music throughout this video. Made a very boring political video very dramatic and on edge!
this content is boring? lol because people have been distractions in the news that now that's all they want.
Very good program
Introduction said it all
China will develop its 1.4B population markets. People are gradually replacing foreign brands with local brands. Although decoupling hurts the employments in China but it also helps China to fix its weaknesses. It has started to develop what they do not have in the past, redirect labours to those areas, and gradually replacing foreign brands. It is not a win-lose game but this is just a norm. The first sentence in romance of three kingdoms said the world will be deivided after together for a long period, and vice versa. Almost all Chinese know about this sentence, therefore it is not a surprise for Chinese.
Sorry ,the weaknesses will not be fixed as long as the central government does not take the hard decisions to reform the economy.
What? Are you a China lover? They threatened the world! Taiwan, Hong Kong, Tibet, your a 🤡
That was exactly the case of the American economy for decades. It's a huge self consumption economy, not so much export oriented
Can't agree.
You ignore the fundamental basis of trade which is the idea that every human and community has different skills, capabilities and abilities. One person can do something better than another and so humans have found that a community is far more productive and profitable for everyone than if every person in that community selfishly tried to do everything by himself. Doing things all by oneself may be possible but is hardly ever the most beneficial path forward, and this principle has been proven over and over again through history.
@@Trgn they export dollars
That congresswoman who spoke in the hearing referring Latin America as American's "backyard", a very arrogant, disdainful and disrespectful way of treating the neighbours.
It is how it is seen because the name in itself was created by the United States and adopted by the southern region of the continent.
@@TacticalMayo "Backyard" in her speech was clearly not just a geography word, it's a political term.
@@brian.z6592 we are in the late stages of Thucydide's trap. Trust me this is going to go worse than anyone could ever imagined so just enjoy the time you have left.
@@TacticalMayo Every year is the best year for the next 5 years😂
I agree with you but everybody knows what is meant...Latin America like other regions are underdeveloped in terms of areas of life and politics. They are not on eye level. Thus, their main export are refugees. Backyard is the painful truth.
Shipping became a huge problem during the virus period having a spike in cost.
19:54 “our backyard"
Please elaborate about this afirmación.
When China do derisking, they quietly expand their market and supply chain while keeping the existing trading partners. Then we see ASEAN quietly replaced EU as the largest trading partner and growth in their economy. When US and EU do derisking they first block the existing trade before they even have found alternatives. Before seeing any results, people are already suffering from high inflation and weak economy.
The USA does this too and that's why Mexico has been massively changing to manufacturing and the North American Trade deals made to configure it. This is why Trump was in India and Vietnam making arrangements at the same time starting to counter China's long-running trade war.
So you're just factually wrong about what you're saying about the USA but there is more to this:
These are not the same things.
The USA already and always has options and doesn't even *need* those but does it as a *want* to be wealthier.
China PRC *needs* to do that manufacturing or people starve to death.
I understand you need to take absolutely anything and challenge yourself "write something where China is the clever winner and the USA is worse" but what you've said is not the way things are.
On the upside, yes, lots of Chinese are finding jobs working for Vietnamese in Vietnam or some Indian bosses over in Indian factories and China can lose money selling electric cars to Thailand or cheap fishing boats to the Filipinos.
Instead of the USA.
As for the USA, their inflation is coming down a bit now and didn't get near China's horrifying problem which is 'Deflation' and their 'weak economy' is far far stronger than China's strongest economic month.
@@theasianjaywalker4455 what's I am wrong about? All you described is US try to use other coutries to replace China. That is exactly what I wrote. This won't create more value for the US economy. China on the other side focused on increasing trade with ASEAN and Africa. At the same time they didn't intentionally reduce the trade with US or EU. It is derisking through growth vs. derisking through replacement. By the way there is high inflation in the US. Vietnam is also a communism country. And lots of Chinese companies rerouted their products through Mexico to the US to avoid tarifs. Also China is still the largest market for lots of the US industries. So even Trump comes back again, there is still a very long way to go to get rid of China.
Dont forget africa. China is grooming them to be their business partner in the future.
Did you even watch the video? This video reporting exactly what the West doing now..
@@theasianjaywalker4455 You seem to forget that US has a 34 trillion dollar debt to think about
China has been moving their low end Manufacturing to other countries since more than 10 years ago. The factories in those low cost countries are owned by mostly Chinese. China has been moving up the value chain in terms of manufacturing. Chinese labor cost is 4 to 5 times higher than their southeastern neighbors
Correction, 4 to 5 times higher onto the end product not into the pockets of the 600 million plus Chinese people working in those factories. The extra money has been going into the pockets of the elites and the CCP.
So if all these labour intensive jobs have moved to countries with lower labour cost, what will blue collar workers do, food delivery😂😂😂
@@neway518 They go back to their villages to farm. Life is good.
You claim this yet your products are still trash that has low durability and quality.
You are trying hard to save face for china, especially the ridiculous, laughable lie that Chinese labor cost is 4-5 times higher 😂, unless it was in your wildest imagination that a Chinese factory worker earns 10,000-15,000 renminbi/month 🤣
Should have done this in the first place. So busy worried about the bottom dollar. They never noticed that they could be crippled if supply was unavailable.
7:32 De-risking is good strategy so that a solid dependency on one country will no longer exist. This is good governance.
like how countries shouldn't depend on USD as reserve currency when it is being weaponised against countries that go against its will
@@twowheelsandcroissant Do you even know what you are saying?
If the most stable currency in the world is the USD, then whose fault is that? Blame your own country for not doing well economically.
USA certainly do not need to apologize for that.
Besides, other countries do not need to have the US currency as their reserve currency. They can stockpile Euros if they want to. Stockpile Chinese Huan if you want but the Chinese currency has decreased in value in the last 24 years.
Your logic does not make sense - blaming the US for other nation’s economic mis-management and idiosyncrasies.
Make your currency reserved as Bitcoin for all we care.
Anyone can make the honest claim that no data is being used to subvert your national security up until the point AI does it for them in a snap of the finger.
AI is only the newest tool in the toolbox of humankind.
Although the better tool is important, building a better house still requires a better carpenter to wield the same hammer.
Although ti's hard to suggest China or the US might be more advanced developing different types of AI,, as an American I'm not particularly worried, onl.y watchful. American society still has a multitude of advantages of China so is by far the better carpenter.
i think the main reason why US didnt ASAP go into green tech despite being technology ahead is due to US' abundance access to oil
Not just the petroleum business, the lacking supply chain of green tech (solar panels, battery tech, infrastructure etc.) Once we lost the manufacturer capabilities, it's game over
It doesn't matter what anyone does when the ccp keeps burning more coal then the rest of the world combined
Petro $$$
Old money from these big petro-business families is definitely slowing down the US green transition
@@TL-fe9siif they dont have more oil they will move to green energy 😂
The so-called "Influencers" walked into the perfectly pre-arranged setting, prepped for inspection.
Quality has gone down a lot… I noticed new products feel lighter and less durable
Personally, I reckon the batteries are the stumbling block.
I have x2 18650 battery.
One is protected, the other is not.
Can you imagine what battery is used in EV's?......
Doesn't matter what you buy, because inevitably you will have non protected cells driving you about.
All it takes it ONE FAULTY CELL. and it's game over.
Trust & Respect.
Cheers!
Mick
that is why BYD created the blade battery. because it not roll but pressed, it doesn't easily leak.
Chinese car are crap
@@trygd100 Just like your existence then.
@@1ewi5 50 cent warrior
They easily burst into flames while charging. How do you resell a used Chinese EV? Who will work on it when something goes wrong? @@lagrangewei
Those who foolishly put all their "eggs" in one basket typically regret it.
19:15 did you even watch the video? 😂😂😂 triangular trade is just jumping through loopholes, china still sells to the us en mass just through middle men like vietnam and mexico😂😂
yup so alot of countries tried to put their eggs else where but ended up dropping them on the floor....
The emergence and consolidation of China's considerable trading prowess owe much to the strategic engagement and economic interdependence fostered by the Western world. However, the complexities inherent in such relationships also highlight a fundamental reality: the West retains the capacity to significantly influence, if not curtail, China's trading dominance. This inevitability stems from a paradigm shift in Western perceptions, as nations awaken to the inherent risks of overreliance on potential geopolitical adversaries, with China occupying a prominent place among them.
Central to this dynamic is the ideological dissonance between China and the Western bloc, amplifying mutual distrust and fostering a cautious approach to economic entanglements. Recent geopolitical events, such as the Russia-Ukraine conflict, underscore the precarious nature of global economic dependencies, with Russia's weaponization of vital resources serving as a poignant reminder of the vulnerabilities inherent in such arrangements.
While the decline of China's ascendant economic trajectory appears imminent, the ensuing vacuum presents an opportunity for other nations to capitalize on shifting global dynamics. Notably, Mexico's burgeoning prominence as America's principal trading partner exemplifies the potential for alternative economic alliances to emerge. Moreover, burgeoning economies in Asia, notably Vietnam, stand poised to benefit from the redistribution of manufacturing capabilities and trade networks previously dominated by China.
Crucially, the recalibration of global economic landscapes does not herald the demise of globalization but rather signifies a reconfiguration of economic power dynamics. Indeed, the proliferation of winners among nations poised to assume China's erstwhile role underscores the resilience and adaptability inherent in the global economic ecosystem. In this paradigm, China emerges as a singular entity facing substantial losses, while a multitude of nations stand poised to capitalize on the ensuing redistribution of wealth and economic influence.
Larry Kudlow and Steven Moore must be going crazy
Congratulations 🎉🎉🎉😊
😂Actually . If i watched the video
Mexico imports from China 😂😂
Turns out china is exporting to Mexico so u are still using made in china .😂😂😂
Hurts didn't it .😂
@@user-xp7nk9dw8d Vietnam also imports parts and material from China and put a label and export to US.
The background music is so annoying😢
Of course, any country can develop its own manufacturing industry, but the key to the future is innovation
By the way,
if succeded,
a reasonable 1.2 % of your gross net are maybe not to much to ask for.
Very wellcome
That’s cute. They literally ripped off the VW bug. 😂😂😂
2 temporary weaknesses.
Chips & Aviation. And some aspects of biotech.
I agree each nation is different, the problem is if they agree on a contract and then violate/dis-honor the terms/conditions, are those your friends or good business partners? It's silly to think everyone wants to be your friend. Everything should be judged by the behavior and the best way to test it is put it through a mock situation, see how they react. When nobody wants to do long term investment in some countries, hope you get the idea. Fool me once, shame on you. Fool me twice...LOL.
You are right! They show the sign! if you try to blind it and it’ your fault 👍. Nothing is better than home !
@@Number-cm1xg with that said, not everyone is bad neither, just have to be careful and verify by the behavior/reaction. Some of them keep flipping based on profit/margin. You get all kinds of countries.
Nah bro, you lied. China was disappointed with the USA in WTO. The USA got heaps of fines and penalties but it has never obeyed it. If China and the USA were the founders of the UN, what would you feel if your rights were lesser than other founders? If the USA can disobey of international law, China can too.
To each country, its own to decide who do you want to buy from?
The worst is when you lied about China using forced labour in Xinjiang when the world knows that Mexicans as young as 10 fill the sweatshops in the US.
@@joeawk kinda true but you cannot reinforce our law/value on another country unless you invade them and take over. The only thing you can do is sanction. As individual, all you can you is read the label, check where it's made and decide.
Imho quality issues dominate most of the EVs mentioned here. Time will tell.
China should develop its own domestic market, de-risking itself.
China's government is too corrupt to allow any meaningful wealth to trickle down to the consumers. The foreign currency earned with slave wage labor from export is mostly embezzled by the party elites, and the gaudy GDP is propped up by debt-fueled and increasingly frivolous infrastructure and real estate.
haha they cant ,china is the largest importer of raw materials in the world, china is a nations that sells finished products so they do alot of buying then putting together things for sell. unfortunately this dont allow a huge profit margin as these factories actually pay alot of money to get stuff in the nation for production. on top of that ,altho china is a huge market ,they are not huge spenders in general having some of the lowest GDP per capita in the modern world .its not profitable for Chinese to sell to Chinese haha .this is why the government is so mad about it and always tries to tell people to spend
Many of the restrictions that America imposes on its own home based manufacturing are bonkers over-the-top. Certainly if you compare the rules applied to manufacturing with those applied to banking there is a vast gulf in the extent of regulatory impositions.
The manufacturing industry in the United States has inevitably withered. The tertiary industry in the United States accounts for too high a proportion of the economy, and the secondary industry has shrunk. If you can make money by just investing in Wall Street's financial games, no one wants to invest in industry, artificial intelligence, etc. The high cost and lack of support from national policies have resulted in the current situation in the United States.
sadly instead of development and innovation, U$ focused on a grand PR strategy of demonization of others@@user-qt8no7db7r
Agreed, more lobbying is needed so that politicians understand the concerns of US manufacturers
You said it ! I've been sabotaged for many years by being distracted by surveillance ,seirens , helicopters , ect timed precisely when I do things like weld , machine,work on just about anything, it's been so bad in Newport Richey FL that I feel their attack on me has been an act of war against America. 😢 I do my very best to put quality into every weld , repair I do , but this is out of my control, and Im disabled so I can't stand or sit very long. These people are so nuts to follow me with a helicopter while trying to catch a red fish for dinner, scaring every fish in a quarter mile with the stupid helicopter, And when they do it many times, it has been a direct threat to my safety and survival. 😓 I can go on and on .
🙏 With great respect to All Sides , even without politics , consumers are terrified to buy foods that are unsafe for their families to eat & things that made from fragile plastics that are not durable & batteries that can over heated quickly & caught fire! Country needs to improved their safety & health standards before world consumers are ready to buy from them! In the past 5 years , Thailand , Indonesia , Vietnam , India & Mexico have proven to produced safer , healthier & more reliable foods & things as manufacturing hubs for multi-nationals! Mexico is particularly promising because of its proximity to the USA that help cut down their carbon footprints from transportations! 🙏🕯🌍🕊
All good. At least that might guarantee some quality 🙏
De-risking so that if war, they wont be too dependent😂😂😂
Awwww boomer
😂😂Actually . If i watched the video
Mexico imports from China 😂😂
Turns out china is exporting to Mexico so u are still using made in china .😂😂😂
Hurts didn't it .😂
you want to be chinese so badly laowai@@zacksmith5963
Another fair and un-biased documentary from CNA insider. I am going to subscribe.
Fair and unbiased....you mean like CNN, BBC, MSNBC, LOL you are so funny.
It is public knowledge CNA is funded by U$ state dept bro.
It's neither fair nor unbiased... and tbh it's embarassing how much is wrong or just plain pro china propaganda.
so basically nothing good can come out of China? Are you arrogant you couldn't accept others can rise to the top too? Without freedom and democracy bloodshed BS from the west!!@@Erik-Winters
@@Erik-Winterslmao 😂😂😂 its already biased against china yet amerimutt golem thinks everything not bashing china directly as see see pee propaganda
@@Erik-Winters
This is CNA by the way....no different from Lianhe Zaobao.
it's normal, it's happening everywhere, when the cost rise.... manufacturer pulls out
it's a good thing, as many viewer has seen right through, that we need to spread manufacturing among a few countries rather than depending on mainly one country, so wealth is spread among the world and opportunities. It's too bad if china cannot keep up with the situation to adapt.
As an Australian we are keenly aware of the impact of upsetting china. Being reliant on them is exactly same as being under their thumb. You need to buy and sell from many markets
Australian is asking for trouble. Australian people are contradicted in dealing with China. One hand it wants to continue enjoy the chinese market, another hand keep treating them as an enemy. Poke their eye and then complaint about their push back.
Exactly.
The Trade War in between what they perceive as the West and China is a CCP invention. Countries want to reduce the dependency from China, not cut China off from trade. IUt is one of the tings Xi is lying about to his people, to justify his isolationistic policies.
Europe has learned a harsh lesson about what it means to be dependant from one country. That mistake will not happen again, ever.
Under the thumb of USA is bad too. Aust paying $350bil for nuke subs to fight US wars?
@@sammak424 It is China that is vying for rapprochement with Australia, not the other way around. Australia will do just fine. It has commodities that will sooner or later find markets elsewhere.
LOL, since you Australians are firmly inside Uncle Sam's ass, are you suggesting that China has its thumb inside Uncle Sam's ass? And what exactly are you trying to convey with that?
China: became the largest producer and exporter of automobiles one third of which are EVs; largest ship building country; largest solar and wind power equipment country, largest steel producer, the largest trading country, the No 1 trading partner for 140+ countries, it's high speed rail is two thirds of the world total, has the longest expressway network in the world, etc. etc.
West: China's economy will collapse in the next five years and has been saying that for the part 40 years.
Nobody wants its collapse, the Democratic World including Taiwan (and still not democratic Vietnam) wants it to stagnate (more than Japan since 1990s) to make it lesser of a threat to World's peace
Difference now is they're not talking out of both sides of their mouths and are actually taking their $$ elsewhere. The ccp is nothing without billions in foreign investment mainly western investment. Nobody trusts pooh bear
Most of its products are just copied and bad quality tho. They mostly just do reverse engineering and don't invent anything of their own. China only cares about ruling the world and destroying other countries. Their government is inherently evil. Just like any other BRICS country. They're all bad.
the mega largest tofu producer in the whole universe. tofu things collapse earlier than five years.
@kahldiss2689
Next 500 years! You left of a zero.
I think IT IS HEALTHY TO BE ABLE TO GET DIFFERENT GOODS MADE IN DIFFERENT COUNTRIES I REMEMBER WHEN EVERYTHING WAS MADE IN TIWON
WHY NOT DO SAME FOR CURRENCIES ?
WHY ONLY DOLLAR ? MAKE OTHER CURRENCIES INTERNATIONAL
Shein, Temu, and other retailer from china is really hurting our business in USA they should be control. some of our product was bought to shein too but if customer can go strait to them what will happen to us?
It's all about the money,who can make the most from least.
Exactly.
where has the humanity from these leaders (ALL of them!) gone? we have one planet people...and one life. This is all so disheartening, but I know there are people all over the world who feel the same way.
I wish all the cruel leaders and billionaires would take their money to space and just stay there with it forever.
A lot of good advice in this video. 👍
Do you mean to say: a lot of bullshit?
Folks !! I ALWAYS buy quality have been doing this since YEAR 1982.
All I ever wanted from China is a bamboo back scratcher and I've
already got 2 of these, bought 2 of them in year 1982 !!
Increase your translation text to something thats readable on a phone screen
If you've been paying attention to China's "Tofu Dreg" Infrastructure... you'd understand some of the reason why some companies would want to move out of China. When the concrete of the supporting columns in the basement parking garage of a 30 floor building can be broken by tapping it with a cheap soft plastic water bottle, gas explosions are common, raised highways can't drain and flood when it rains, electric fires happen all the time, fire systems constantly fail, roads collapse into giant sinkholes regularly, sewer covers explode into the air from improperly done construction, and plumbing explodes everywhere even in 3 million USD high-end apartments... getting things built in countries where this isn't the norm is actually a pretty good option.
What kind of brain do you have to have to accept so much junk information?
Gawd dang wall o chyna… your insight is incredible
I think you get confused. It sounds more like China's south western neighbors. Substitute paneer for tofu!😊
对的对的，我觉得你说的对👍🏻
Great program! Thanks for sharing!
The US don’t even have enough workers to off load the containers from China 😂😂
Belt and Road is no different than bait and switch.
better than anything the colonists did to the world. Chinese do business with you, you have a choice. European and Americans rob you blind on daylight, and they come with guns and missiles. just look at Africa, their people are sitting on top of diamond and gold and they have nothing to eat! White people have been in Africa for over a hundred years, trust me, if building infrastructures, hospitals, ports, schools and roads in Africa is that profitable, like you said, " bait and switch" the white people could have done the same a century ago.
The policy needs to be re-adapted to the new realities.
China is simply changing not imploding ❤️
Those ashes and embers are just confetti and silly spray 🥰🥰🥰
It’s gonna be tough but change must take place
20:25 Even she can't believe it 😂
Elon Musk said Chinese electric car makers will find "significant" success outside of China, even as his auto firm, Tesla, faces intense competition from these same companies.
"Frankly, I think, if there are not trade barriers established, they will pretty much demolish most other companies in the world," Musk said.
The end is no one succeeds in the field. Everyone has very thing margin or got kicked out of the market.
That’s because China EV companies have unlimited government subsidies. Open secret with simple fact.
Wow. Amazing insight from Musk. Because no one has mentioned this before.
Very good content. Thanks
China just registered trade mark for Shohei Ohtani. So if you make a T-shirt printing the Kanji 大谷翔平 and sell it, you have to pay loyalty to the trade mark owner in China.
ALL dictatorships should understand It: It is a risky to do business with dictators, better to get out of those countries, fly and land in democratic lands
Vietnam is a communist country
The risks in democratic countries are also high, with the struggle between the left and the right. With every change of political parties, there is a possibility that investment projects will be forced to halt. Amidst the disputes between unions and capitalists, it’s hard to determine what is stable.
But USA is seeking partnership with Saudi Arabia and Vietnamese dictatorships. Nice excuse of using “dictstorship”. Obama removed Viktor Yanukovych in 2014, a democratically elected former Ukrainian president, and installed a puppet called Zelensky. So much goes for the EXCUSE of “dictatorship”. FYI, China isn’t a “dictatorship”. They elect their presidents and politicians every five years. One political term is five years in China, so dictatorship doesn’t describe China. Keep trying, defamers.
In Capitalism, it might not be the case. Take a look Nazi Germany before WW2, a lot US company made loads of money there. Henry Ford even got a medal from the little corporal. So read more history will help all of you become a bigot, and vote a better government. After all, the ignorant people choose an ignorant government. Unfortunately, this is one of the drawback in total democracy. Take a look all the democratic countries, you see more often that ignorant government by ignorant people. There aren’t best social institutions, only most suitable for the current situation and current population.
How can you form your opinion about the quality of a car based just on seeing a display model at the auto show? To know the car you have to drive it. I won't be driving one made in China.
You will miss out some of us wont
It's still early days in this whole de-risking/de-coupling process. It is a process that will continue to develop over the next 10 years until it reaches a new equilibrium. China will continue to have a piece of the pie, but it's dream of owning the whole pie will probably not come true.
It’s pretty much impossible to decouple from China even in 10 years time. It will definitely make China less competitive, but it will also hurt US consumers at the same time. If the US banned import from China, Chinese companies will just ship it to Vietnam, Latin America and export those products there to the US. That’s what they did, when Trump imposed the tariffs. People are buying the same products from China, but at a higher cost because of routing goods. Another example would be Europe banning imports of Russian oil because of the Ukraine war. Russia sold them to India, and India were selling them to Europe.
@@KBellate That's why there will be no complete decoupling, only a movement of some production to other countries. This is already happening, of course. China will continue to produce some products for some countries.
China never want the the whole pie .
China Continuously express follow UN , but U$A want other follow its rules.
Daydreaming...to become a manufacture powerhouse, you need infrastructures, easy access to land and energy, well educated high quality work force and lastly the sheer scale....other countries can take away some manufacture jobs, but no one can replace China.
@@ZLL668 As if the entire west wasn't once the world's industrial powerhouse. We've been there, we invented the whole thing. Other countries can do it, too, not just China. You're not that unique (even though you are very, very big).
Mexico is making a deal w/ China, basically. It may be very profitable @ 1st, business-wise, but in the medium to long term, there will be a great price to pay. Mexico should look at Canada to foresee the economic price they pay for letting China in. There, Chinese companies have slowly but surely purchased massive amounts of key real estate. Here in US, they’re trying to purchase farm land w/goal to control grain & canola oil industry, to such extent that the US govt is now mulling passing laws to put a cap on the sale of US land to foreign entities. Mexico needs to pay attention as to whom they really want to to business with.
It been a win win for Mexico and China, Chinese cars went up 44% in sales in Mexico.
Each nation should build it's own products.
Otherwise it's pitting the working class of one country against another. Unfair to labor.
Talking about division of labour and division of efficient resource utilization
With all of the immigration issues the U.S. faces between Central and South America I wonder why America didn't invest in Mexico and Central/South American friends decades ago to help build their economies and help slow the rate of migration? There is also a big factor that its much closer and wouldn't require massive cargo ships.
Floating cargo is so much cheaper that it's worth crossing oceans for, compared to trucking/railing it in with all the security measures and multiple border clearances that overland trade involves. Part of the reason China is so successful at manufacturing is because so many of their major population centers are accessible by barges if not container ships.
Nowadays, freight ships can transport around 300000 tons of goods at once, but there is no such cheap transportation method on land. Moreover, China can complete all industries such as industrial manufacturing, textile industry, or metal smelting. China has sufficient power facilities, and Chinese factories almost never shut down. It also has the fastest ability to repair power facilities and road traffic. Most importantly, the goods you produce in China can be sold directly to a huge market of 1.4 billion people in China, which can help you earn more money
Maybe it's because they need the cheap labours to do their gardens, build their houses, clean the homes, babysitting their kids and harvest their crops, imagine how unaffordable would be if they hire white Americans. That's why they will never stop illegal immigration, they need those immigrants to do the jobs they are not willingto do cheaply.
If a nation is privatized and legislation promote overseas investment then it is the fault of the Govt for allowing their nation to be economically dominated and occupied. It is not the rich foreign nations fault for being allowed to pillage.
Only four months after this video was released, it is already dated. Things have moved faster than envisioned here.
It is becoming more depressing that poorer nations have become collaterals in this game of super powers.
Which poorer countries are you talking about?
China is a big toilet for human rights
My argument exactly. Swapping the US for China is not necessarily an improvement. I'm bias already since I visited China and disliked the censoring and control. Either way, some nations will just be at the whims of the superpower regardless of the which one.
The male species is the issue. All the power and wars all started, by men.
Mexico alongside other countries in Asia like Vietnam are benefitting. While China's mining practices in Africa hurt the locals there, they're investing in those countries that no one else would. These trade wars are bringing 3rd word countries into the 20th century, and some of them to the 21st. Are they/we exploiting those countries? Yes. Does it help those countries? Also, yes.