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.
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
The US has never allowed any country in the continent to develop and potentially become a threat. Desperates times for US to partner with Mexico now. It must be confident it can topple Mexico's government anytime like Venezuela and the rest of the latin countries@@sunnybeach4837
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.
19:46 - US congresswoman Salazar's statement absolutely reeks of xenophobia, siege mentality at its worst. If China is deemed to be 'invading the US hemisphere' by merely strengthening trade with LatinAm, then how should the world perceive all the US military bases in Asia that surround China? The US can't be bothered to strengthen trade with its southern neighbours, but gets angry when China does it? Basically the West wanted to exploit China's cheap labour to manufacture their creature comforts for them at low cost. The problem started when China refused to play dumb and started turning that exploitation into an opportunity and a powerful competitive advantage within just a few decades while the West was happily bombing other nations back to the stone age. That's all it is, really.
military and economy play different thing. If you flood sub-standard goods to the world, you are waging a trade war. If you are wreaking havoc and terror to peace-loving countries, you are waging a war. Without USA countering these phenomenon, the world will be trampled by evil minds. This is my personal opinion
You're acting as if it wasn't part of the plan all along. Do you think it was an accident that every port, all around the world had a "Chinatown?" Every port, from Jamaica to Cuba to Singapore to Los Angeles to San Fransisco to Buenos Ares. The plan was always to have China take over world trade. It has been for 200 years.
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.
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.
Environmental regulations won't allow the manufacture of many products in developed countries.. They'll pretty much prefer a third world country destroy its flora and fauna for that iphone or that EV car.
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
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.
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
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.
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
I like the mentality of China. Chinese are hard working, educated people, advance High technologies, building advance infrastructure, roads, railways and investing abroad also helps the other countries in employment and economy globally. There may be some negative impact but on the bright side Chinese produced cheaper affordable products and also alternative to some European & American products which is highly expensive
The West is no innocent.. but China? Their products, like a Walmart (which incidentally is filled with Chinese products) are usually inferior, underpriced but usually derived by cuts in safety and quality processes, or are from relaxed or non-existent worker protections everywhere. It also feeds the communist party in the end which is bent on "defeating the west" and dominating the world even though they may pretend otherwise. The world would include anything not China.. so you as well. Like a Walmart, they ruin/disrupt regular economies and use investment colonialism. Glossing over the "there may be some negative impact" negates workers rights, pushing of substandard products, corporate espionage, copyright theft, and their own protectionism as their government is so deeply ingrained into their corporations. I could go on but simply put. China is no greater alternative unless you are just about being dependent on "cheap" stuff like a Walmart shopper. As a small developing nation, I would take any "unencumbered" grants and assistance I could. I would then invest in my own as best I could IE: Africa supporting Africa.. unless I wanted to be beholden to the West or China in the long term.
@@cratecruncher4974 the old overlords are old white boomers white supermacist colonizers...better to go with ppl who just want the money and doesn't have the colonizer dna
If they are educated, how come they act like animals without manners in other countries, like they own it. They have no manners and right conduct. Sooo uneducated
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
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.
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.
If usa not dare assure and guarantee its overprinted dollars trustworthy anymore ,?. Sure all nations will ditch usa dollars and don't trade in unguarantee usa overprinted dollars anymore now,?.. Who wants unguarantee and overprinted usa dollars,,?..
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.
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.
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!
'Great' journalism, because it is talking about how America is could go on another spree to enslave the world? So you really think your US dollar will stand forever to 'control' all countries on the planet to bend to your whims? You had better think again, and hard this time! Everybody knows that's your most potent weapon. The rest of the world will de-risk from your dollar, that should be obvious to you! Maybe you are not noticing that they are already making a wide berth to your IOYs that you call Treasury Bonds!
It's a self defeating strategy. That's why China shouldn't fight it too hard when your opponent is shooting himself in the foot. Case in point, US banned all Chinese farming equipment years ago. Today, many of the farmers from the global South countries who bought Chinese farming equipment are much more competitive than their Western counterparts. They produce more, can keep their purchase costs and maintenance costs low as opposed to a Deere or Caterpillar purchase. I think the same thing might happen with EVS. Western consumers will be fleeced while Global South consumers will finally get a chance to up their standard of living by getting access to better and cheaper Chinese products.
@@paulskywarrior6943 How ? By allowing your farmers to go bankrupt ? By forcing them to buy expensive and inferior equipment, they get fleeced in the long term Bcos there's no competition, John Deere and Caterpillar can jack their prices with almost no improvement. Have you heard of Boeing ? No competition and they control everything bcos they know the customers are stuck with them. They hv no incentive to produce competitive and safe products. Same scenario happening to Evs . The Murican consumers getting fleeced bcos no competition is allowed.
Where's the evidence for "Forced labour in Xinjiang"? The UN sent a "Rapporteur" to Xinjiang to report on this subject. When she came back she made a report and the US blocked its publication!
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.
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.
@@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.
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 ..
Given almost half the factories in China are owned or part owned by companies in western countries there is little chance of manufacturing in China to stop. Western companies cannot afford to cover the write off costs of leaving China. The existing EPA guidelines within western nations are too strict to allow rebuilding of new operation on-sure. Other eastern nations do not have the infrastructure or trained employees.
The factories in China are owned by the Chinese. They only manufacture for western companies. For example the iPhone is assembled in China but Apple does not own the factory.
There should have never been China vs the West. Everyone would be happy for them like we are for Germany, Japan, Korea, Hong Kong, etc. Only if they weren’t showing evil intentions globally. Most countries that became developed become more civilized and environmentally friendly, yet China is going backwards.
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.
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).
it doesn't matter it is de-risking or de-coupling in the face of geo-politics, the trade war that US imposed on China and tech sanction over chinese companies had long started in Trump administration, and continue to escalate over time, because the western countries view the rise of southern countries represented by China as the next challenger
The real agenda ...... --------------------------------- The US Foreign Policy to keep Asia poor and divided as stated in a top-secret U.S. Foreign Policy document written 76 years ago is still in force. February 24, 1948, Declassified U.S. Foreign Policy: Furthermore, we have about 50% of the world’s wealth but only 6.3% of its population. This disparity is particularly great as between ourselves and the peoples of Asia. In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security. ... that Japan and the Philippines will be found to be the corner-stones of such a Pacific security system and that if we can contrive to retain effective control over these areas there can be no serious threat to our security from the East within our time. Taiwan was added to the Pacific security system after Chiang's army retreated to the island of Taiwan in 1949. South Korea was added after the Korean War in 1953. The attempt with Vietnam, Laos, and Cambodia was abandoned in 1975.
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.
In the Anglo-Saxon media jargon, some benign-sounding synonyms for geo-strategic plans : (1) De-risking/de-coupling = breaking the existing supply chains (2) like-minded = those compliant to our Alliance's economic and military interests (3) free indo-Pacific = "containment of China" architecture (4) their business "invaded" our hemisphere = they are doing what our businesses were/are doing in Asia (5) they stole our IP = they have learnt how to do what we did, and not content to remain as cheap laborers to us.
Ursula: "we have not forgotten what China did to our solar industry (when Germany was a global leader but now with just 3% global share of solar cell manufacturing?)," German rail manufacturing, steel and other vital industries, now threatening the continent's crown jewel: auto and in particular EVs. And what we the EU or Germany done to shore up its sagging EV industry during the past ten years when solar was stolen from German firms: NOTHING! With solar cells as a case in point, Chinese manufacturers soon flood global markets with cheap, state subsidized cells as a practice (even if this leads to overcapacity which is often the case) after acquiring the know-hows from Western companies especially German eager to cash in on the country's massive pool of consumers. This drives out their foreign competitors (German and American especially). Chinese companies are starting to deploy the same approach with EVs (with VW as one of the principal auto consultants to Chinese auto firms) and in the near future legacy chips (easy to produce en mass and not the most advanced as those restricted by the US but present in every items like electronics, cars, etc. It's rather ironic and pathetic that, after willingly and legally transferring their advanced German auto manufacturing know-hows to Chinese firms like Geely, BYD and Nio, these same German firms and their government via the EU start to scrutinize the same Chinese autos--when it's too late, now that European auto companies have been displaced in market share and green technologies such as EVs!
You are completely out of your mind, not China to blame, should blame on your own governments, because any government follow the US lead, will go to ground.
EU is still living in last century. What technologies nowdays the EU are advanced than China? China leads 37 in 43 technologies than all western countries.
Western world can not win against China when it comes to manufacturing cheap products. Now, the cheap products are also high quality? It's game over! So, my suggestion to Europe and America: Give it up on the manufacture sectors and look toward service sectors lol. I think America have done just that for the past decade lol.
This setback is just temporary for China. China has almost had the blueprint of the what world needs that most of the other countries haven't. The Raw materials might be the challenging part. But buyers still looking for the most affordable in the market.
Well China is not the most affordable in the market. Part of the problem as the people get better educated they want higher wages. China has priced themselves out of the market, but companies cannot run in a environment where the governmemt can just steal your companies money and arrest your employees and accuse them as spys over nothing. Also most of these people who order directly from China never see there products.
Its not that China’s economy is going under but the reason why th a number of countries and the US are derisking is that China is militarizing and has been bullying a number of countries in regards to conflict of territories. Aside from that they do human rights labor violations in a number of factories where it is bad PR for brands.
Not true I havent bought there and always hated supporting anything made in china since the 90s.. I always hated their quality... havent even got a iphone that was made in china. Apple sell outs
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
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?
The people who says the west is decoupling from China are naive and have no good idea how capitalism really works. Near shoring countries import most of their raw materials from China anyway so has little effect on China in the long run. Mexico, India, Vietnam and similar countries all import most of their raw materials from China.
Yep, sadly thats the truth. Western countries love to spout wanting to decouple from china but their own capitalism interest wont do with long term profit in mind but still thinking short term that makes the process imperfect from the start. Greed above all sadly.
@@TheDexswordGreed can be the solution, too. People in India and Maxico will see the profit from upper steam industries and start new businesses. Nobody is irreplaceable.
US 2023 trade deficits with China could shrink a bit due to reduced imports. Meanwhile Mexico's exports to US boomed. China also strikes while the iron is hot -nearshoring
Problem is not that Mexico is exporting more to US.. the problem is that the US is exporting far less to China. if we don't considered weapon, US balance export are negative since 2022. which is really bad. While China export surplus 800 billion USD for 2023.
@geektechpow4537 You have link that it is $800B? Even if it is true for every dollar value America imports from China $.55 already went to U.S workers. For example high end Nike shoes imported from China already have u.s made materials. U.S consider every item bought from abroad as import even if it has u.s made part.
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.
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.
Quality, or rather the lack of, will doom Chinese manufacturing. Personally I will pay 20x more for something not made in China and I'm always money ahead.
You're really ready to buy a beginner's iPhone for $20,000, do you know what that means? Inflation of 20 times that amount is enough to collapse many countries around the world. Without China's cheap goods, at the Fed's rate of money printing, many countries around the world will soon erupt into economic crises, civil unrest and marches, and when the country collapses, the U.S. capitalists will be able to take control of the lifeblood of these countries. Round after round of interest rate hikes on the U.S. dollar have resulted in
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.
@@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.
Chine only has enough money to bail out one or maybe two sectors of it's economy. When the PRC is forced to pull the electric vehicle manufacturing subsidies, every Chinese electric car company will go bankrupt. The 4th IR is devastating globalization.
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
US top trading partners 2023:- 1. Mexico 2. Canada 3. China But why this CNA so biased painting a fake picture, China is the top trading partners for many other countries so its manufacturing should be performing well right America is just one marketplace, the rest of world marketplaces are bigger OK
Gxxg1e "The US-funded ‘think tank’ pushing Australia towards war By Bruce Haigh - an Australian political commentator and former diplomat. Jan 27, 2022" Most CNA "expert" are from AUS think tank ...now you know why..
PAP is anti-China but pretends friendly with China. Chinese people & their government should wake up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
😂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 .😂
It's a good observe to see that China moving from manufacturing role to service providing role. Logically, when the country grows, the middle class grows too; so, low-cost labour force will diminishes. China probably sees this is coming when they shifted to African countries 10 years ago. It's an opportunity for those African countries to develop too. Because, the education, infrastructes, amenities, etc already improved to support the development
My wife follows the Chinese news. She told me that East-Indians focus on medicine and being doctors more than Chinese. Where are the Chinese focusing on - besides Engr - I ask her? She said, Finance - like investing money.
@@bjung8858 Generally, Indians focus on service sector such as CEOs of MNC. I don't think Chinese really into finance, their stock markets mainly patronized by wealthy people.
China companies have moves low end industries to other countries , while in China more focus on high tech industries , such as semi conductors , EV and many others.
That is why the tension with the US and EU begins. China is no longer just competing with the third world but competing with the EU, USA, Japan and sk on high end goods.
@@stvdmc2011 It is not competing if China banned on those high end products by US , it more self reliance to produced for own industries. China refuse to be controled and depend on other countries.
Similarly China can also de-risk by setting up alternative financial systems instead of USD for trading and payment if the US weapons the current system for its own interest and advantages.
Derisking was something I considered as a hegde against covid. We shut our borders and found out what we lacked to support our populations. Resilience was the buzz word by-product of finding out what nations needed to be self reliant.
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.
@@妮姆芙-o3z there is a long well tested economic way to transport on land in all climate extremes and a manner of terrain. Fright trains. We use these through all our land, mountains, desert, forest etc in the 50+ Degrees Celsius in summer and -55 Degrees Celsius in the winter.
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😂😂
@@bernardtan427 .... "balanced report untainted by blatant bias"??? You joking? CNA and most other "As!an" med!a all repeat their U-S-A mazter med!a's words and do their best to dem0n!ze Ch!na for their wh-->!!yte mazters.
Is that a joke. BBC and CNN are just extensions of Western geopolitical media machine. Western is notorious for lying for geopolitical goals. Meanwhile Singapore and rest of the neutral world has little reason to lie or pick side, thus more balance when they do their own research.
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
@@komlat253In fact, China is very special, the same goods are much cheaper in China, the purchasing power of Chinese people is not lower than that of the United States, China produces almost all categories of goods, and these goods are very cheap because they are sold locally without tariffs, except for imported goods, which are still expensive in other developing countries. Chinese people prefer to buy houses rather than rent houses. A lot of money goes into real estate, and China doesn't have property or inheritance taxes, which I think is why Chinese people don't like to spend.
It is a mistake for the chinese or anyone to think that chinese goods and services are indispensable. Everyone, everything is. The market is always fluid. If one disappears, others will take its place.
A bit of advice. Some of us listen to your videos while working or driving. It would be helpful if the narrator Relayed what is in the subtitles. We can’t all steer at a screen for an hour. Thanks.
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.
How is the US using the dollars status as the reserve currency and printing more dollars to offer low interest rates to businesses any different than the CCP subsidizing China's companies? If there is a difference, it's that the US takes out money from the pockets of the other countries by devaluing their hard earned Forex reserves by printing more dollars wile China subsidizes it's business by the money they earn through their exports.
Chinese companies invest in Mexico since Trump declared trade war. So it is still Chinese companies that supply to US. Except it manufacturers in Mexico.
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.
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.
Lets ask Mr. Prof. Danny Quah. How does he explain those Island build on Spratley Islands? Using the money earn from the whole world to suppress ASEAN country?
It depends on what kind of products. My view is only those labour intensive and low end products such as garments, shoes, some range of white goods and electronic goods may go but higher value and technology intensive products will take its place such as we see EV cars, high speed trains. and ship buildings even large passenger planes！
That won't happen unless China reduces military build-up in the South China Sea, Africa, South East Asian countries like Bangladesh, Cambodia's naval base construction, and South American County installed Satellite tracking antennas. The list goes on and on.
Derisk, decouple, friend shoring, whichever path the West choose, China is strolling few steps ahead. The Chinese Govt lead by identifying and risks capital into R&D while the Western model is entrepreneur driven with private venture capitalist. China leapfroged into EV due to vision and Govt willing to nurture industries identified for the future. Without Govt support, EV wouldn't have progressed to this stage. However fossil injected automobiles won't disappear overnight with many still drawn to the power of the "roaring vroom" compared to those silent EVs. Advanced chips restrictions are now the focus so let's watch how the "latecomer" China overcome and build up their own silicon tech industry. The core of China's industrial strength lies in deeply intertwined supply chain eco-system which is near impossible for any other country to replicate. While the West suppress, China in it's own way developed into aerospace, shipbuilding, quantum computing transitioning from low value to advanced tech industries.
China has built bridges and railroads, and through efficient logistics centers, it is shifting the low and mid-range to the underdeveloped central and western regions. For example, the largest Apple assembly plant is located in the poor central province of Henan, and the cloud computing center is in the western province of Guizhou. Only low-tech, high-polluting industries that China wants to leave behind, such as textiles, are moving to Vietnam and India.
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 .😂
The cheap stuff but did you look at your local Sam's club? Big flat screen TV made in Mexico or Vietnam. Hisense is a Chinese electronic company and their TV's are made in Mexico.😂
Cheap disposable plastic crap will continue to be made in China, just like it was before their economic explosion of the last 2 decades. But that junk has razor thin profit margins and have little to no effect on competing markets since most don't even waste their time with them. The products that really matter are high dollar items like automobiles and electronics.
Everyone i know in America Europe and Latin America look for products not made in China! This time is coming. It was a big Mistake outsourcing everything to china.
It should now be made in Pakistan, Afghanistan and Iran. Win Win like President Xi had said earlier in a speech! 🤝 The silk road was mostly about China and the 'stans'. Marco Polo was travelling the silk road in his chronicles BTW. Even Alexander the great travelled the silk road, for all the ancient Greek fans. The war elephants were an idea introduced to Europe in ancient times via Pakistan and India. Now China is getting wealthy and the labour costs are getting higher. So why not outsource low end factories to the rest of the silk road countries, and everyone wins. Its brilliant, and is just plain common sense for Asian countries. But first, you need an infrastructure called OBOR. All the US navy can do is sit near Taiwan in their ships and look from satellites, and watch this happen through their binoculars! (Forget wars, start cooperation for a lunar base)
@@ababeel388Yes India total export was 776.3 billion dollars, India is second largest phone manufacturer, apple samsung already manufacturing their phones now Google gonna make its pixel phone, India already Third largest car manufacturers , soon Tesla is gonna come to set up its plants , We already have started manufacturing semiconductor, laptops, pc , servers, solar module, ev manufacturing and its battery, even manufacturing drone , Whereas paxtan begging 1 billion dollars 🤣🤣 ,
When I visited China 10 years ago, I noticed Chinese vendors trying to take advantage of me. First, they would show the price using their calculator, and then after I walked away, they would call me back and show me half of the previous price. And then, after buying, I found out that the price of that product in my home country was just half of what I paid. Street vendors in my country do not do that to foreigners.
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.
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
yet, it does not happen and China is already negotiating land purchases throughout Central America for its own projects@@Alphasig336
The US has never allowed any country in the continent to develop and potentially become a threat. Desperates times for US to partner with Mexico now. It must be confident it can topple Mexico's government anytime like Venezuela and the rest of the latin countries@@sunnybeach4837
@@sunnybeach4837 The US was busy destroying those countries. And for good reason.
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, .....
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?
19:46 - US congresswoman Salazar's statement absolutely reeks of xenophobia, siege mentality at its worst. If China is deemed to be 'invading the US hemisphere' by merely strengthening trade with LatinAm, then how should the world perceive all the US military bases in Asia that surround China? The US can't be bothered to strengthen trade with its southern neighbours, but gets angry when China does it?
Basically the West wanted to exploit China's cheap labour to manufacture their creature comforts for them at low cost. The problem started when China refused to play dumb and started turning that exploitation into an opportunity and a powerful competitive advantage within just a few decades while the West was happily bombing other nations back to the stone age. That's all it is, really.
military and economy play different thing. If you flood sub-standard goods to the world, you are waging a trade war. If you are wreaking havoc and terror to peace-loving countries, you are waging a war. Without USA countering these phenomenon, the world will be trampled by evil minds. This is my personal opinion
China makes crap 🇨🇳
You're acting as if it wasn't part of the plan all along. Do you think it was an accident that every port, all around the world had a "Chinatown?" Every port, from Jamaica to Cuba to Singapore to Los Angeles to San Fransisco to Buenos Ares. The plan was always to have China take over world trade. It has been for 200 years.
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.
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
Environmental regulations won't allow the manufacture of many products in developed countries.. They'll pretty much prefer a third world country destroy its flora and fauna for that iphone or that EV car.
Di-vorce is what we are calling for. Breaking up is hard to do.
😂😂😂😂😂😂😂😂
Breaking up is easy when there are no conflicts of interest
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.
@@Lafly84more like a billion more hands and brains
So interesting… well reported and good work to all ❤
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.
I was in China then. This debate was very much happening then.
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?
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
I like the mentality of China. Chinese are hard working, educated people, advance High technologies, building advance infrastructure, roads, railways and investing abroad also helps the other countries in employment and economy globally.
There may be some negative impact but on the bright side Chinese produced cheaper affordable products and also alternative to some European & American products which is highly expensive
The West is no innocent.. but China? Their products, like a Walmart (which incidentally is filled with Chinese products) are usually inferior, underpriced but usually derived by cuts in safety and quality processes, or are from relaxed or non-existent worker protections everywhere. It also feeds the communist party in the end which is bent on "defeating the west" and dominating the world even though they may pretend otherwise. The world would include anything not China.. so you as well. Like a Walmart, they ruin/disrupt regular economies and use investment colonialism. Glossing over the "there may be some negative impact" negates workers rights, pushing of substandard products, corporate espionage, copyright theft, and their own protectionism as their government is so deeply ingrained into their corporations. I could go on but simply put. China is no greater alternative unless you are just about being dependent on "cheap" stuff like a Walmart shopper. As a small developing nation, I would take any "unencumbered" grants and assistance I could. I would then invest in my own as best I could IE: Africa supporting Africa.. unless I wanted to be beholden to the West or China in the long term.
"I for one welcome our new overlords."😄
@@cratecruncher4974 the old overlords are old white boomers white supermacist colonizers...better to go with ppl who just want the money and doesn't have the colonizer dna
If they are educated, how come they act like animals without manners in other countries, like they own it. They have no manners and right conduct. Sooo uneducated
... because these people grown up under different situations unlike Democratic countries where freedom abounds
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 😂
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.
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.
Same goes to derisking dollars but not decoupling the dollars, thats how the world is moving ahead.
If usa not dare assure and guarantee its overprinted dollars trustworthy anymore ,?. Sure all nations will ditch usa dollars and don't trade in unguarantee usa overprinted dollars anymore now,?..
Who wants unguarantee and overprinted usa dollars,,?..
No it's not, USD in the best shape ever since. Only silly countries would let go of their USD reserves.
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.
Its just getting started, adn china will not survive, how is the housing and stock market? 75% of the world does not like china, to put it mildly.
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!
'Great' journalism, because it is talking about how America is could go on another spree to enslave the world? So you really think your US dollar will stand forever to 'control' all countries on the planet to bend to your whims? You had better think again, and hard this time! Everybody knows that's your most potent weapon. The rest of the world will de-risk from your dollar, that should be obvious to you! Maybe you are not noticing that they are already making a wide berth to your IOYs that you call Treasury Bonds!
When you have to tariff and ban your competitors products cause they're better and cheaper, you've already lost.
It's a self defeating strategy. That's why China shouldn't fight it too hard when your opponent is shooting himself in the foot. Case in point, US banned all Chinese farming equipment years ago. Today, many of the farmers from the global South countries who bought Chinese farming equipment are much more competitive than their Western counterparts. They produce more, can keep their purchase costs and maintenance costs low as opposed to a Deere or Caterpillar purchase. I think the same thing might happen with EVS. Western consumers will be fleeced while Global South consumers will finally get a chance to up their standard of living by getting access to better and cheaper Chinese products.
no its a winning strategy
@@paulskywarrior6943 How ? By allowing your farmers to go bankrupt ? By forcing them to buy expensive and inferior equipment, they get fleeced in the long term Bcos there's no competition, John Deere and Caterpillar can jack their prices with almost no improvement. Have you heard of Boeing ? No competition and they control everything bcos they know the customers are stuck with them. They hv no incentive to produce competitive and safe products. Same scenario happening to Evs . The Murican consumers getting fleeced bcos no competition is allowed.
How could u say u made better product which is not China produce low quality product
@@lenocon6555 yeah sure like those expensive apple phones and tesla cars right?
Where's the evidence for "Forced labour in Xinjiang"? The UN sent a "Rapporteur" to Xinjiang to report on this subject. When she came back she made a report and the US blocked its publication!
Maybe usa afraid , if published will disgrace usa as a telling lies nation??. Usa ban it,,???...
And because of usa ban her,?. She then resigned?????...
Your English is veyyy verrrry good comrad
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
China is simply changing not imploding ❤️
Those ashes and embers are just confetti and silly spray 🥰🥰🥰
Numbers say otherwise. At least ones that aren't doctored or manipulated by the CCP.
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.
De-Risking sounds good to you because CHINA was smart enough as not fell into U.S trap as Japan with Plaza Accord.
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 ..
The TEMU "cookie" on my computer was almost 1MB.
Delete it. Never support, trust, buy from China
So, you shop at temu a lot?
@@nigellei8591 That is not how "cookie" works
Given almost half the factories in China are owned or part owned by companies in western countries there is little chance of manufacturing in China to stop.
Western companies cannot afford to cover the write off costs of leaving China. The existing EPA guidelines within western nations are too strict to allow rebuilding of new operation on-sure. Other eastern nations do not have the infrastructure or trained employees.
The factories in China are owned by the Chinese. They only manufacture for western companies. For example the iPhone is assembled in China but Apple does not own the factory.
Superb Documentary on China vs Western World 👏👏👏
There should have never been China vs the West. Everyone would be happy for them like we are for Germany, Japan, Korea, Hong Kong, etc. Only if they weren’t showing evil intentions globally. Most countries that became developed become more civilized and environmentally friendly, yet China is going backwards.
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).
it doesn't matter it is de-risking or de-coupling in the face of geo-politics, the trade war that US imposed on China and tech sanction over chinese companies had long started in Trump administration, and continue to escalate over time, because the western countries view the rise of southern countries represented by China as the next challenger
The real agenda ......
---------------------------------
The US Foreign Policy to keep Asia poor and divided as stated in a top-secret U.S. Foreign Policy document written 76 years ago is still in force.
February 24, 1948, Declassified U.S. Foreign Policy:
Furthermore, we have about 50% of the world’s wealth but only 6.3% of its population. This disparity is particularly great as between ourselves and the peoples of Asia. In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security. ... that Japan and the Philippines will be found to be the corner-stones of such a Pacific security system and that if we can contrive to retain effective control over these areas there can be no serious threat to our security from the East within our time.
Taiwan was added to the Pacific security system after Chiang's army retreated to the island of Taiwan in 1949. South Korea was added after the Korean War in 1953. The attempt with Vietnam, Laos, and Cambodia was abandoned in 1975.
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.
In the Anglo-Saxon media jargon, some benign-sounding synonyms for geo-strategic plans :
(1) De-risking/de-coupling = breaking the existing supply chains
(2) like-minded = those compliant to our Alliance's economic and military interests
(3) free indo-Pacific = "containment of China" architecture
(4) their business "invaded" our hemisphere = they are doing what our businesses were/are doing in Asia
(5) they stole our IP = they have learnt how to do what we did, and not content to remain as cheap laborers to us.
Seems a lot like a narcissistic slant on reality!!
Ursula: "we have not forgotten what China did to our solar industry (when Germany was a global leader but now with just 3% global share of solar cell manufacturing?)," German rail manufacturing, steel and other vital industries, now threatening the continent's crown jewel: auto and in particular EVs. And what we the EU or Germany done to shore up its sagging EV industry during the past ten years when solar was stolen from German firms: NOTHING! With solar cells as a case in point, Chinese manufacturers soon flood global markets with cheap, state subsidized cells as a practice (even if this leads to overcapacity which is often the case) after acquiring the know-hows from Western companies especially German eager to cash in on the country's massive pool of consumers. This drives out their foreign competitors (German and American especially). Chinese companies are starting to deploy the same approach with EVs (with VW as one of the principal auto consultants to Chinese auto firms) and in the near future legacy chips (easy to produce en mass and not the most advanced as those restricted by the US but present in every items like electronics, cars, etc. It's rather ironic and pathetic that, after willingly and legally transferring their advanced German auto manufacturing know-hows to Chinese firms like Geely, BYD and Nio, these same German firms and their government via the EU start to scrutinize the same Chinese autos--when it's too late, now that European auto companies have been displaced in market share and green technologies such as EVs!
You are completely out of your mind, not China to blame, should blame on your own governments, because any government follow the US lead, will go to ground.
EU is still living in last century. What technologies nowdays the EU are advanced than China? China leads 37 in 43 technologies than all western countries.
They did the same with Huawei and network communications technology
BYD's battery technology is developed by itself, stop your delusions.
The classic Western saying is: stealing technology
Western world can not win against China when it comes to manufacturing cheap products. Now, the cheap products are also high quality? It's game over! So, my suggestion to Europe and America: Give it up on the manufacture sectors and look toward service sectors lol. I think America have done just that for the past decade lol.
This setback is just temporary for China. China has almost had the blueprint of the what world needs that most of the other countries haven't. The Raw materials might be the challenging part. But buyers still looking for the most affordable in the market.
I lived and work in China the past 24 years. The economy has fallen off the cliff and there's no recovery from this
Well China is not the most affordable in the market. Part of the problem as the people get better educated they want higher wages. China has priced themselves out of the market, but companies cannot run in a environment where the governmemt can just steal your companies money and arrest your employees and accuse them as spys over nothing. Also most of these people who order directly from China never see there products.
@@NewmaticKe ？？？🤣
How you assume that only China had blueprint and other countries don't have. Get well soon. 🤡🤡🤡🤡
Not the end of made-in-China goods, but China is moving up the value chains products.
How?
Its not that China’s economy is going under but the reason why th a number of countries and the US are derisking is that China is militarizing and has been bullying a number of countries in regards to conflict of territories. Aside from that they do human rights labor violations in a number of factories where it is bad PR for brands.
Regardless people will still buy from Temu, Shein etc
Not true I havent bought there and always hated supporting anything made in china since the 90s.. I always hated their quality... havent even got a iphone that was made in china. Apple sell outs
because people are care wayyy less about human live anymore
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 😂
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?
US pay the Chinese for goods, who in turn, open factories in Mexico, Africa, etc. Why didn’t US just pay Mexico, etc. and cut out the middleman?
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!
The people who says the west is decoupling from China are naive and have no good idea how capitalism really works. Near shoring countries import most of their raw materials from China anyway so has little effect on China in the long run. Mexico, India, Vietnam and similar countries all import most of their raw materials from China.
Yep, sadly thats the truth. Western countries love to spout wanting to decouple from china but their own capitalism interest wont do with long term profit in mind but still thinking short term that makes the process imperfect from the start.
Greed above all sadly.
@@TheDexswordGreed can be the solution, too. People in India and Maxico will see the profit from upper steam industries and start new businesses. Nobody is irreplaceable.
I think you are wrong. China is the big consumer of raw materials which it needs desperately for its industry and its own survival.
You are wrong china importing material from diffirent country like brazil,philippines like nickel,iron ore oil and more.
@@nissanberondo7913中国本身也生产何况提炼和提取技术加工技术冶炼都是在中国然后出口，还有菲律宾不是一个资源国进口最初原材料是除了中国自己本土生产，还有从俄罗斯巴西智利澳大利亚等国进口在中国提炼冶炼加工然后在中国制造或者出口给其他国家制造。😂
About time we see more Made in America products
Too expensive, too late it's gone.
The early bird gets the worm,lots of hard work and willingness to do it paid off
Very good program
US 2023 trade deficits with China could shrink a bit due to reduced imports.
Meanwhile Mexico's exports to US boomed. China also strikes while the iron is hot -nearshoring
Yup, Mexico's exports to the US boomed, namely Fentanyl.
@@folag Your head is in the wrong place.
China offshored some of its factories to Viet-Nam and Mexico, so there are marked increase of exports to US from these two countries.
Problem is not that Mexico is exporting more to US.. the problem is that the US is exporting far less to China. if we don't considered weapon, US balance export are negative since 2022. which is really bad. While China export surplus 800 billion USD for 2023.
@geektechpow4537 You have link that it is $800B? Even if it is true for every dollar value America imports from China $.55 already went to U.S workers. For example high end Nike shoes imported from China already have u.s made materials. U.S consider every item bought from abroad as import even if it has u.s made part.
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.
Quality has gone down a lot… I noticed new products feel lighter and less durable
That's bullshit...
@@richardseeto1182 think about how carefully you have to grab and use stuff nowadays so it doesn’t break
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.
Oh yes , just look at big pharma
Quality, or rather the lack of, will doom Chinese manufacturing. Personally I will pay 20x more for something not made in China and I'm always money ahead.
PLEASE SHOW PHOTOS TO PROOF YR STAND IDIOT LOSERS
right, you hit it!
cheaper but innovation? not true! stainless steel made in china here is rusting!
You're really ready to buy a beginner's iPhone for $20,000, do you know what that means?
Inflation of 20 times that amount is enough to collapse many countries around the world.
Without China's cheap goods, at the Fed's rate of money printing, many countries around the world will soon erupt into economic crises, civil unrest and marches, and when the country collapses, the U.S. capitalists will be able to take control of the lifeblood of these countries.
Round after round of interest rate hikes on the U.S. dollar have resulted in
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
Not possible
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.
Chine only has enough money to bail out one or maybe two sectors of it's economy. When the PRC is forced to pull the electric vehicle manufacturing subsidies, every Chinese electric car company will go bankrupt. The 4th IR is devastating globalization.
Visit the World by Yrself first before Comments....OTHERWISE PEOPLE KNOW U R STUPID.....😊😅😂
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
US top trading partners 2023:-
1. Mexico
2. Canada
3. China
But why this CNA so biased painting a fake picture, China is the top trading partners for many other countries so its manufacturing should be performing well right
America is just one marketplace, the rest of world marketplaces are bigger OK
Gxxg1e "The US-funded ‘think tank’ pushing Australia towards war
By Bruce Haigh - an Australian political commentator and former diplomat.
Jan 27, 2022"
Most CNA "expert" are from AUS think tank ...now you know why..
PAP is anti-China but pretends friendly with China. Chinese people & their government should wake up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Great program! Thanks for sharing!
31:40 but how do you make sound business decisions when you can’t trust the statistics coming out of the country?
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 .😂
@@ZakiHaider-y9o Vietnam also imports parts and material from China and put a label and export to US.
It's a good observe to see that China moving from manufacturing role to service providing role. Logically, when the country grows, the middle class grows too; so, low-cost labour force will diminishes. China probably sees this is coming when they shifted to African countries 10 years ago. It's an opportunity for those African countries to develop too. Because, the education, infrastructes, amenities, etc already improved to support the development
My wife follows the Chinese news. She told me that East-Indians focus on medicine and being doctors more than Chinese. Where are the Chinese focusing on - besides Engr - I ask her? She said, Finance - like investing money.
@@bjung8858 Generally, Indians focus on service sector such as CEOs of MNC. I don't think Chinese really into finance, their stock markets mainly patronized by wealthy people.
China companies have moves low end industries to other countries , while in China more focus on high tech industries , such as semi conductors , EV and many others.
That is why the tension with the US and EU begins. China is no longer just competing with the third world but competing with the EU, USA, Japan and sk on high end goods.
@@stvdmc2011 It is not competing if China banned on those high end products by US , it more self reliance to produced for own industries. China refuse to be controled and depend on other countries.
China High tech goods? they are cheaper quality and hence cheaper at cost but costlier on long run
@@balakrishnasaralaya5546 such as ?.
So what now?! Are you saying to remember 22:44 and continue doing business that bullied every country around them?! That’s BS!
A lot of good advice in this video. 👍
Do you mean to say: a lot of bullshit?
Similarly China can also de-risk by setting up alternative financial systems instead of USD for trading and payment if the US weapons the current system for its own interest and advantages.
Good luck with that.
@@yangjohnny4395 unless China WILLING to engage in DEFICIT trade .
China cannot expect other countries to pay in RMB / Yuan .
2 temporary weaknesses.
Chips & Aviation. And some aspects of biotech.
Please do as possible. Bring some company to the Philippines to support us.
Derisking was something I considered as a hegde against covid. We shut our borders and found out what we lacked to support our populations.
Resilience was the buzz word by-product of finding out what nations needed to be self reliant.
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.
@@妮姆芙-o3z there is a long well tested economic way to transport on land in all climate extremes and a manner of terrain. Fright trains.
We use these through all our land, mountains, desert, forest etc in the 50+ Degrees Celsius in summer and -55 Degrees Celsius in the winter.
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....
OK, I'm still shocked to see Indian GDP as an unit in calculating Chinese GDP growth...
An indian GDP every 4 years.😆
Excellent piece! Good job, CNA.
this is so obvious this is anti-China propaganda. The world is changing and there is no turning back.
The quality of product from china is very very very poor !.
Well done CNA , now your documentaries on pair with CNN and BBC one 👏👏👏
I would say superior, simply by providing a balanced report untainted by blatant bias!
@@bernardtan427 I rather trust CNA than whatever CNN say.
@@bernardtan427 .... "balanced report untainted by blatant bias"??? You joking? CNA and most other "As!an" med!a all repeat their U-S-A mazter med!a's words and do their best to dem0n!ze Ch!na for their wh-->!!yte mazters.
Is that a joke. BBC and CNN are just extensions of Western geopolitical media machine. Western is notorious for lying for geopolitical goals. Meanwhile Singapore and rest of the neutral world has little reason to lie or pick side, thus more balance when they do their own research.
Because CNA has decided to be unbiased! Haven’t you noticed that Singapore has shifted its foreign policy?😂😂😂
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
It is already
China has many raw materials and minerals Inc over 80% of rare earth minerals.
@@komlat253In fact, China is very special, the same goods are much cheaper in China, the purchasing power of Chinese people is not lower than that of the United States, China produces almost all categories of goods, and these goods are very cheap because they are sold locally without tariffs, except for imported goods, which are still expensive in other developing countries. Chinese people prefer to buy houses rather than rent houses. A lot of money goes into real estate, and China doesn't have property or inheritance taxes, which I think is why Chinese people don't like to spend.
It is a mistake for the chinese or anyone to think that chinese goods and services are indispensable. Everyone, everything is. The market is always fluid. If one disappears, others will take its place.
A bit of advice. Some of us listen to your videos while working or driving. It would be helpful if the narrator
Relayed what is in the subtitles. We can’t all steer at a screen for an hour. Thanks.
Very good content. Thanks
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.
How is the US using the dollars status as the reserve currency and printing more dollars to offer low interest rates to businesses any different than the CCP subsidizing China's companies? If there is a difference, it's that the US takes out money from the pockets of the other countries by devaluing their hard earned Forex reserves by printing more dollars wile China subsidizes it's business by the money they earn through their exports.
But it is very good for South East Asia and India and Taiwan and Japan and USA ❤
What's happening in China happened in the US and the West a long time ago! It's the normal progression in manufacturing economy.
Chinese companies invest in Mexico since Trump declared trade war. So it is still Chinese companies that supply to US. Except it manufacturers in Mexico.
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.
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👍🏻
Lets ask Mr. Prof. Danny Quah. How does he explain those Island build on Spratley Islands?
Using the money earn from the whole world to suppress ASEAN country?
It depends on what kind of products. My view is only those labour intensive and low end products such as garments, shoes, some range of white goods and electronic goods may go but higher value and technology intensive products will take its place such as we see EV cars, high speed trains. and ship buildings even large passenger planes！
That won't happen unless China reduces military build-up in the South China Sea, Africa, South East Asian countries like Bangladesh, Cambodia's naval base construction, and South American County installed Satellite tracking antennas. The list goes on and on.
The policy needs to be re-adapted to the new realities.
Derisk, decouple, friend shoring, whichever path the West choose, China is strolling few steps ahead.
The Chinese Govt lead by identifying and risks capital into R&D while the Western model is entrepreneur driven with private venture capitalist.
China leapfroged into EV due to vision and Govt willing to nurture industries identified for the future.
Without Govt support, EV wouldn't have progressed to this stage.
However fossil injected automobiles won't disappear overnight with many still drawn to the power of the "roaring vroom" compared to those silent EVs.
Advanced chips restrictions are now the focus so let's watch how the "latecomer" China overcome and build up their own silicon tech industry.
The core of China's industrial strength lies in deeply intertwined supply chain eco-system which is near impossible for any other country to replicate.
While the West suppress, China in it's own way developed into aerospace, shipbuilding, quantum computing transitioning from low value to advanced tech industries.
Very well said
The background music is so annoying😢
China has built bridges and railroads, and through efficient logistics centers, it is shifting the low and mid-range to the underdeveloped central and western regions.
For example, the largest Apple assembly plant is located in the poor central province of Henan, and the cloud computing center is in the western province of Guizhou.
Only low-tech, high-polluting industries that China wants to leave behind, such as textiles, are moving to Vietnam and India.
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
😂😂😂
High quality reporting!
Half of it is wrong and misleading
@@daweigo6851I agree this is very biased. But I’m curious, which information on here is incorrect?
@@daweigo6851
It's so glaring right.
Suddenly Wolf Warrior diplomacy doesn’t work anymore 😄
can you tell us what the actual numbers are?
I believe apple were be like banana 😂😂😂
Unemployment is high in Africa. Yet no factories are in West Africa
We should also investigate the conditions of illegal employees from south America in the US.
The first rule of international trade should be to never deal with dictatorships.
Like Singapore?
众所周知，沙特阿拉伯、阿拉伯联合酋长国、巴林、卡塔尔等国家都是民主国家，美国在这些民主国家拥有大量利益
Like trump?
Where the iphone or ipad you were using whe. making this dumb comment are made?😅
Almost every product I pick up in stores literally says made in China
The cheap stuff but did you look at your local Sam's club? Big flat screen TV made in Mexico or Vietnam. Hisense is a Chinese electronic company and their TV's are made in Mexico.😂
You might want to stop shopping at Walmart then...
Yo compro solo productos made in china para apoyar a la nueva potencia mundial, quien nos defiende de los abusos de EEUU y EU.
Cheap disposable plastic crap will continue to be made in China, just like it was before their economic explosion of the last 2 decades. But that junk has razor thin profit margins and have little to no effect on competing markets since most don't even waste their time with them. The products that really matter are high dollar items like automobiles and electronics.
@@B_y1n but most of the owner still Chinese, they just produce in other country, but still the profit going to Chinese.
Good post
看中国的义乌工厂，红订单多还是蓝订单多，就可以猜到谁是下一届美国总统了 😂
Finbolba en fonger! gan wont min solabbet!
Yeah, and it is not the RAPIST
Everyone i know in America Europe and Latin America look for products not made in China! This time is coming. It was a big Mistake outsourcing everything to china.
It should now be made in Pakistan, Afghanistan and Iran. Win Win like President Xi had said earlier in a speech! 🤝 The silk road was mostly about China and the 'stans'. Marco Polo was travelling the silk road in his chronicles BTW. Even Alexander the great travelled the silk road, for all the ancient Greek fans. The war elephants were an idea introduced to Europe in ancient times via Pakistan and India.
Now China is getting wealthy and the labour costs are getting higher. So why not outsource low end factories to the rest of the silk road countries, and everyone wins. Its brilliant, and is just plain common sense for Asian countries. But first, you need an infrastructure called OBOR. All the US navy can do is sit near Taiwan in their ships and look from satellites, and watch this happen through their binoculars! (Forget wars, start cooperation for a lunar base)
Manufacturing in Iran and Pakistan lol 😂😂
@@vishalbajaj4231lol😅 India
@@ababeel388Yes India total export was 776.3 billion dollars,
India is second largest phone manufacturer, apple samsung already manufacturing their phones now Google gonna make its pixel phone,
India already Third largest car manufacturers , soon Tesla is gonna come to set up its plants
, We already have started manufacturing semiconductor, laptops, pc , servers, solar module, ev manufacturing and its battery, even manufacturing drone
, Whereas paxtan begging 1 billion dollars 🤣🤣
,
When I visited China 10 years ago, I noticed Chinese vendors trying to take advantage of me. First, they would show the price using their calculator, and then after I walked away, they would call me back and show me half of the previous price. And then, after buying, I found out that the price of that product in my home country was just half of what I paid. Street vendors in my country do not do that to foreigners.