The second speaker just amazed me about her echoing the western MSM about China over production when in fact Samsung and Toyota have produced far more cars than the Chinese company. China’s share of the EV market is only a fraction of all the world’s consumption.
The demand looks bad because in China they can get the same thing like a good quality vacuum cleaner for a third of the price that it costs in Europe or US.
Info packed episode, thank you folks !
The second speaker just amazed me about her echoing the western MSM about China over production when in fact Samsung and Toyota have produced far more cars than the Chinese company. China’s share of the EV market is only a fraction of all the world’s consumption.
The demand looks bad because in China they can get the same thing like a good quality vacuum cleaner for a third of the price that it costs in Europe or US.
I like Dan Wang, very realistic and pragmatic
Very insightful, thank you
A must read on M Rubio's recent 600 page paper titled "The world China make" to have a comprehensive view on China's future economy footprint.