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- เผยแพร่เมื่อ 28 ก.ย. 2024
- French cognac symbolizes wealth and refinement for Chinese elites. This status is under threat after Beijing says it will investigate EU brandy imports. Anti-dumping probe comes four months after Brussels complains of flood of Chinese electric cars.
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#china #eu #business
This trade war initiated by France , NOT Germany .
Therefore, China made an accurate response to French brandy imports.
The total value of brandy imports to China = US$1.42 billion in 2022 .
China doesn't make very good brandy. This will be worse for China than the French.
China is pretty good at retaliatory targeting. The big difference is that China doesn't really need France or even the EU so much any more - that's why trade imbalance is growing.
@@ZweiZwolf
On the one hand, Europe accuses China of its trade surplus,
On the other hand, Europe refused to sell advance equipment such as photoetching machine.
So do you want to reduce the trade deficit with your uncompetitive products?
@@amandagrant4331 China is very quickly reaching a point where they won't need Dutch ASML photolithography, nor French Airbus narrowbody aircraft, nor German industrial robots ... and especially not luxury goods like Italian leathers and Swiss watches. Europe will be reduced to selling primarily low margin commodity items to China.
Reasonable reaction tbh. France will never admit that their politics are as slimy and messed up as those in China. They wanna take the moral high ground but lack the credentials.
I don’t see a problem here, when China is only helping Europe “de-risk”.
And de coupling..... 🙏 😂😂
The Chinese have a right to respond to bullying. Who would say no to this?
Many decades ago Many companies sell a wide range of bracelets in China, such as automobiles, machinery, expensive medical equipment, luxury items. He trades happily.
Today, China has begun to develop quality products that are cheaper than European products because of lower costs. Employees who work harder and are more productive Instead of Europe developing work Instead, they only thought of using trade barriers.
Europe (the West) moved or outsourced a lot of its manufacturing to China, the Chinese didn't come up with the technology or capital by themselves. 20 years ago there was a thinking that opening up to China and letting it interact with the Western market would make it pivot away from authoritarianism, but that obviously didn't go as planned. Instead China just grew bolder and even more hostile toward the outside world, and began to outright steal every technology they could find in the Western market to catch up.
The factories and intellectual property was never China's to keep. The West has no obligation to keep feeding an anti-social country that uses the money to covertly dismantle democratic institutions across the globe. Every country is free to move its production and money away from China. No one needs to continue buying products that comes from excessive coal burning, documented slave labor and large-scale environmental destruction. The West is moving forward while China refuse to even report their actual GDP numbers.
Putting import duties, trade tariffs and whatnot on a country that has cheated the market and exploited the game for years, is finally a step in the right direction. China is of course free to return the favor, but in the recent trade war between China and the U.S., we've already seen that it can't sustain it for long.
@@randomcomment1105If China company steal tech, Europe can use patent to sue them.😅
@@randomcomment1105 You are such a smart guy, all the patents of EV/5G/Drone are owned by EU/USA/Japan/Korea. Law sue is a more powerful weapon than tariffs, why goverment doesn't use it? 😁
@@randomcomment1105 stereotyped accusations without any solid evidence, if EU companies had shared their technologies with Chinese counterparts, then the Chinese counterpart would not so lagged until now.
@@pipiqiqi4010 Oh, there's plenty of evidence, you just don't care to look. Even all those 20 years back, Cisco took Huawei to court for stealing it's intellectual property, and Cisco won. And that was just one example. Anyone is free to do a search on China's decades of theft, copying, hacking of Western companies and spying on Western universities' research departments. You won't, but maybe someone else will.
this is Von Der Leyen's personal vendetta because China correctly treated her like a bureaucratic nobody when she visited china
Ursula can play their game, too.😊
And it's all fine and dandy. The days of China being a major importer of European products are gone at any rate.
Van der Leyen is just the face of the EU, her title has no meaning.
Therefore she has no power and this can't be the result of her personal vendetta.
But please keep spouting nonsense, if it calms your craziness.
@@panzerfan that´d be quite bad for europe
@@sazzbot8874
You can beg China if you have no money. You can also tax Tesla if you're dare to challenge sugar daddy Joe.
Excellent unbiased truthful speaking guest vs biased interviewing questions as usual by DW.
China banned wine imports from Australia during Liberal Gov and that made Australia struggle for a while until the newly elected cabinet from the Labor party - things better and Australian wine exports to China resumed recently.
In fact, China people's income is not very high, but China people are willing to spend money on food and try new things.
Moreover, China has a huge population.
Those wine tariffs are being re-examined but moreover the Chinese policy was to try to punish the then LNP government for it's stance on COVID source etc and it didn't work...As soon as coal ran low that ban was lifted barley found other markets like the Middle East etc and the Chinese were pragmatic. The biggest exports from Australia LNG and iron ore were totally avoided by the Chinese... There were benefits to us Aussie consumers like the giant prawns which were all exported are now in our seafood shops and they are awesome!
@@amandagrant4331your grammar is suspiciously subpar for someone named Amanda Grant. 难道是个大陆人吗？😂
@@amandagrant4331 but living cost is much cheaper tool
@@DaGoook他可能是海外華人。 what is your point?
How about to ask Chinese to make French Brandi driven cars. Problem solved.
Ha ha ha ha...
The US and EU can play with tariffs, and China can't?
Yeah, that's very true. It's very difficult for the PRC to exist alone in the world economy.
@@buildmotosykletist1987
And is it not difficult for the US (also EU) to exist alone in the world economy?
Why are some people only able to see in one direction?
@@araara4746 : ROTFL. You've answered your own question "US (also EU)", you can add Indo-Pacific to those. The democratic world stands togther, the CCP stand alone.
@@buildmotosykletist1987 Reading your comments, I am convinced that Europe's decline is irreversible. Although the West has been repeating the theory of China's collapse for more than three decades, China's science and technology industry has been making continuous progress. The West is no match for China.
@@buildmotosykletist1987 World = asia + middle east + africa + latin American and rest, you know what I mean???
Europe is in terminal decline and they are naiive to think they are still an important player in geopolitics. Soon they will be even less important than ASEAN
Europe is just born..
so you came here to a European news channel, to comment in a European language that Europe is not important? You are not the sharpest tool in the shed are you? 😄
@@thegreatdane3627 ever heard of your precious '' FREEDOM OF SPEECH''?
Really? EU average wage is about 50 euros a day vs ASEAN average $3 a day.
This is far from being reflective of objective reality, if not antithetical to it.
When china EV car selling cheap, EU complain that china battery is cheap and EU want to investigate. But when EU company using China battery, EU said clever move.
China should increase tariffs on components like batteries, take more profit internally. Don't make it too cheap for EU companies.
In fact, China cars sold in Europe are very expensive (compare their prices in China).
But even at such an expensive price, Europe seems to be afraid.
So you can imagine how ridiculous the car prices in Europe are.
@@amandagrant4331 Yup. The EU compliance cost is high, the export transportation cost is high, EU taxes are high, and the market is far less competitive than in China. Nevertheless, Chinese cars are still an excellent value, which is why they're starting to take market share the way that the Japanese did 40-50 years ago.
Massively selling products under production costs to gobble up market share and drive competition bankrupt is against EU regulations. China is subsidizing their EVs so heavily, it varrants an investigation. They're 'cheap' for a reason and they'll become increasingly expensive as soon as they dominate a market.
@@ZweiZwolf >> China should increase tariffs on components like batteries
The trade deficit is mostly due to EU countries stop selling high tech equipment and chips to China under pressure from the US government. One should produce goods more sellable rather than using sanctions all the time!
I would assume high tech equipment from Europe is very much highly sellable. 😂
You may understand already this system we got is not working.
It's just a start, how many French luxury brands n companies are doing well in China right now?
The real question is, how much French brands are doing well anywhere in the world.
Well Bloomberg just published a report on how Airbus is wiping the floor with Boeing in aerospace sector so...pretty well I'd imagine
Exactly. Nobody in China is spending money on luxury goods now. It's all about saving for the rainy days b/c of the economic climate there.
2:36 - Haha! That question from the reporter . . . I wonder if that pause was due to a digital communication delay or a communication delay because Hosuk Lee-Makiyama was stumped by the arrogance of that question. Was probably thinking: "You're messing with me right?"
I mean if he was completely honest he would've said: "Well news outlets like DW and their news reporting didn't help."
I don't think it is only the news to blame for a dictatorial genocidal bellicose and jingoistic regime making enemies and pissing people off. but that is just MY opinion.
Well, a wealthy Chinese with a taste for French cogniac won't be hindered by the price increase due to tariffs to enjoy it! 🥃
Cogniac will be shy away by the mass market. Of course the rich will not be affected.
@@yaucharles91 It is something to be sniffed at. If you want to get drunk there are far cheaper ways to do it,
Hennessy is not for rich people
China 🇨🇳 is the EU's biggest trading nation.
- But, China loves trade, but not fair trade.
Get a life, Kumar. I mean… You are everywhere. Wtf
Sounds like China is picking on France the way they singled out Australia.
France, you helped with our wine, I will buy French brandy
France is a large country with certain independent sovereignty, and Uncle Sam's waiters are not qualified to be compared with France.
Bhahahahha did French help us? Australia wine lobster industry decimated, and USA happily take over exporting it to China, and what happen last time with our submarine purchase USA took it from French... 😂
No way. France initiated and has perpetuated, a punitive trade embargo of Australia by Europe that has been inflicted for generations. It will be karma for the French to be given a taste of what they dish out.
France is going to kowtow to the CCP as long as the WEF puppet Macron remains in office
Precisely. Australia should take back the Port of Darwin. And the EU should take away China's business until the CCP plays by the rules and follows international law.
They targeted Australian wine producers with tariffs over anti dumping?😂😂😂😂
Why EU’s products not selling??? That is the real question.
Nobody complain or sanction about over capacity cheap imports from Japan Korea in the past. Why this now 😢hypocrites
Sad for EU people...
😅When everyone work on economy for people interest in WEF at Davos , Ursula work on war for politicians(U$A) interest.
Think he meant Tesla model 3 being imported. Model y is made in Berlin
Incredible level of arrogance from Steven Beardsley. does he actually remember what was China's policy regarding Taiwan 20, 30, 40 or even 50 years ago? China never recognized Taiwan as an independent nation but as a province of China, there is no Chinese leader ever agree to anything less, there is never a Chinese leader since Mao that said China would not use force to unify the country. That policy has not changed. What has changed is US and EU that claimed One China policy but gradually changing the policy on China and Taiwan. One of the clear sign we can read and see from media and the politicians is claiming that Taiwan is an independent country that whip up public sentiment of the same idea. If EU want to talk about human right then look at what the EU is doing in the middle east and their following of the US in number of wars in invading the other countries. When Beardsley asked question regarding Xi and it is pretty clear this Japanese expert just turned his head around, clearly he think this is all European and particularly anglosaxon rubbish. On the trade front EU is subsidizing its own industries for example Air Bus
thing is; ninety five percent of taiwanese don't want to be dictated to by xi jinping, regardless of what xi jinping thinks. if xi jinping's operandi is only ever to use force to get want he wants he will always remain as a fool.
The ROC is the only legitimate China in terms of the UN.
....until 1971 when guanxi and corruption took precedence.
@@GaryGraham-sx4pm
Not even the Chinese want to be ruled by Xi Jinping
Too funny. Winnie Xitler's economy is already in the toilet, now he wants a trade war? Never put a cartoon character in charge of a nation!
5.2% economic growth in China is hardly in the toilet. I worry more about Frances and Germany's growth 😂
Let me check French 1% and German in negative territory.. 😂
I’m European but don’t undervalued china they like Germany,Chinese people are savers and most only have one kid meaning more disposable income to give their kids, even with their real estate investment fiasco because of wrong data, there’s high youth unemployment but so do Europe ect
Your mum should probably take that phone away.
Two can play the same game.... lol
Thanks Hosuk! Great interview and insight!
You get what you sow. Simple.
About time the EU grew a backbone
Once they grow that backbone, they might show it to the US
@@SimonFranck100 the more the better.
Be independent of all foreign power
China owns French Wineries also that never came up in this but lets not mix facts with fiction
The reality contradict with your comment though. It is French who own winneries in China
lol… just peeved with them congratulating Taiwan’s successful democratic election.
Why there were no complains when the many years when Chinese were buying tons of luxury goods from France? It can be a easy solution as China just have to impose the luxury tax & Chinese people stop buying the luxury brands.
China already has a very high tariff on luxury goods. You dont know chinese loves to go overseas to buy these because they are cheaper than in china? Sure China can put even more tariff on these. But it will just push the chinese to buy more overseas, so your point is?
@@notme943 - the Customs at airport can just pressed on a tighter checks and impose the heavy tax. That resolves everything! Two can play the game
@@eskay2012 >> the Customs at airport can just pressed on a tighter checks
They have no money... why let citizens waste foreign currency?
One rare good analysis shown by DW. What a surprise.
Message from Taiwan: First time?
Just outlaw trade deficits. Increase tariffs until trade is equal
It sounds as easily done as, say "just outlaw poor people and fine them until they stop being poor and become rich"
@@KiraNt4 nothing worthwhile is easy, but comparison to poor people is flawed. Countries like China shouldn't complain about correcting non balanced trade
@@jeremytine Any comparison is flawed. I just wanted to show how impossible your suggestion is. I mean, you can make any number of absurd laws but they won't work. You can't "just outlaw trade deficits" and expect the trade to balance itself. You have to work really hard to make it true, you have to produce much more goods, which are desirable abroad. It will take time and there is no guarantee that you will succeed.
@@KiraNt4 not impossible at all, tariffs seem fairly straight forward.
@@jeremytine We'll see how it all turns out.
As bad as the anglo-saxons want it.
Decouple not derisk
It suck when EU got a tease of there owner medicine. Data shows GDP was 5.2 percent in 2023, hitting target.
Let's see what action these hypocrite in eu is gonna take
Cool
EU is more export dependent.
No it isn't.
If vw and skoda has the same engines in them skoda its all day long
Shows you to skoda was up there with lada
Butt of jokes now really popular
So brands can change rapid enough
The chinese could take over
5.2% rise in GDP! Hw an this increase be stagnant comparing with the western and US way low pacing economies?
China growing at 5% today is adding the same amount of GDP output that a China of 2011 did with 11% growth because China’s economy has more than doubled of what it was back then but the growth is slowing and China needs to do structural changes to its economic model but before that they need to make sure they won’t have major systemic problems when they do that so they’re trying to mitigate areas where systemic crisis might happen with reform and regulation like on the Real estate and construction and bank and financial sector doing that has resulted in real state becoming stagnant so he’s taking about that but other areas of economy is growing
China is dumping EVs all over the world and if EU does not take measures to protect its EV industry, it will lose a lot and for the long term while French Brandy is a specialty luxury product that which does not mean so much for EU.
China does not need to dumping EVs, because in all respects production in Europe is much more expensive than China. Labor is more expensive in Europe, Energy is more expensive in Europe.
So, the dumping accusation is just nonsense.
The EU has the right to protect its electric vehicle industry.
Similarly, China has the right to protect industries that they think need to be protected.
There's nothing unfair about it.
Eu will never win back the automotive industry now
รีบหยุดสงครามพวคเราจะประฎิวัติอุตสาหกรรมเทคโนโลยีใหม่ Economic
Ve hickle
Xi Jinping is actually the son of a party family who fall out of grace during the 80's, so he was basically a nobody, who by himself get into university, earned his diploma in chemical engineering and basically reapplied to the lowest level of the CCP, and fighted himself up to the top. He had a way harder way to be the president of China, than Ursula von der Leyen had with her aristocratic upbringing. Dont look down on him, he is a formidable and talented foe, who think has a mission for China.
You know Eva Perón was basically a scarlet woman before marrying Juan Perón right?
Talent always finds its way to the top. @@MMLL369
More important, all his strategies and plans for China have panned out the way that country wanted. He delivers.
There are also rumors that Xi wasn't nearly as a good student, but his past elite family connection got him past the university admission and eventually into the CCP.
事实上他从一个村子一路升级到国家主席，并不是通过无聊的选举，请不要把西方的政治演员小丑和他对比
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
Pootler said russian part pf berlin will be his soon 😂 burgers well done 🎉
European become communist hhhh
The Chinese economy is going down the drain. EU can win this fight.
Lol, delusional
Actually, it's not. China's economy is transitioning to a high-tech economy that can still corner manufacturing. If China can crack its own market and get its people to spend more, it won't even need to worry about the export market. If its HT economy prospers - as it almost certainly will - China will be dominating the sale of technology and renewable energy to the entire world, isolating the West.
German inflation has reached 7%
@@ShnNar1000x Learning from the covid-19 lockdown experience, rich people in China are escaping the iron fists of CCP by moving money overseas whereas poor people have no money to spend. China's EVs export will make the trade imbalance with EU even worse. Rather than bring prosperity, China's exports will only bring more disputes.
I'm no EV specialist but don't the manufacturers of the EV's have the autonomy to locate these vehicles anywhere in the world and if they are able to do this well I'll leave it to your imagination.
Only ignorant people have this imagination.
@@pizizhangsg1319 you are saying espionage doesn't happen in a capitalist world.
@@Chee1of1 >> you are saying espionage doesn't happen in a capitalist world.
Please invest in 🇮🇳. Same cost benefits, risk is diversified.
🇮🇳 ❤❤❤❤❤ 🇪🇺
I remember a while ago that the French customs held up electronic products from the far east.
Mainly TVs and Video Recorders.
Never bad enough for DW's sponsors...please keep in mind that trade would stop by itself if it doesn't benefit both parties
You know DW's "sponsors" are largely a public news grant from the German government, right? This comment is silly.
Time to look outside China, there are plenty of peaceful countries in Asia.
Congress recently passed the "China is not a Developing country" ACT. Europe hasn't learned from their forceful decouple from Russia. Regardless of President, decouple was the term we originally used, and we meant it. China's "factory of the World" will be gone soon. This is why mineral rich countries are deciding to process and refine in-house because the decouple opened a whole in China's trade. China should be scrambling to make sure they strong base to fall on, like Japan had, than starting a trade war with Europe.
Other way around - China learned a lot, and is rapidly de-risking by decoupling from the USA and EU in favor of stronger relationships with BRI countries. China's ASEAN trade is larger than the US or EU, and their trade with other countries in Asia, Africa and LatAm is growing rapidly. At this point, China can probably completely decouple from the West for relatively minor impact, while the West would be in very big trouble without any factories of their own - they would have to pay far higher prices to intermediararies, even moreso than what they're paying for final assembly in ASEAN today.
@@ZweiZwolf >> At this point, China can probably completely decouple from the West for relatively minor impact,
EU has taught well, and China has learned well 😅😂👏👍
It is very rare to see a Asian face netural guest. He has very clear structure on the answer he gave.
It really isn't, though? They have asian guests, reporters and casters on screen all the time.
It's rarer to see a Caucasian-face neutral guest, especially if the guest sounds like an American or Brit
The highest European car sales record is 6 million units sold in China in one year. China didn't say anything.
Less than 100,000 Chinese cars have been sold in Europe, and Europe wants to impose high tariffs on Chinese cars.
To be honest, China is not afraid of the China-EU auto trade war at all.
Trade deficit is double so both China and EU will be impacted. At the end the only winner are the one not involved, USA, India and so on
GOD WILL ALWAYS BLESS CHINA AND ALWAYS BE WITH CHINA...!!!
🙏🙏🙏🙏🙏
✝️🇨🇳GOD BLESS CHINA🇨🇳✝️
Ok orc
Do you mean cars made in China produced by Tesla ? Please, make cars in Europe and sell them here. Situation is a bit different
@@pangienjj In the past, who initiated the free market?
Who shouted that the world must implement a free market?
In the past, Europe and America felt that technology was winning, etc. forcing every country to implement free markets,Why is it now that China can align itself with America and the West and instead Europe and America are imposing trade restrictions?
This clearly shows that the western nations are liars, hypocrites and cheats!!!
French can sell their brandy to India and Indonesia😂
Right? French luxury goods have a good reputation and can sell anywhere. Also... it's 'just' french brandy. Hardly their biggest export product comparable to the trillion euro car industry.
@@SodaDjinn looks at australia
It's not about French Luxury goods, it's about even the whole South Asian countries combined, their purchasing power can not even reach 1/5 that of China's@@SodaDjinn
Indonesia is a islam country and forbid them for consuming. Even seller got whipped.
As for India, they have mo money to buy.
@@PatrickF7 This! People don't realize that China is called the biggest market in the world because of their buying power.
But when German exposts to all of European countries more then 70% but importing only 30 %... How comes for 100 years they never was tolking about trade imbalances
I think China knows who is behind the EU looking at Chinese car exports.
VW makes 50% of its global profits in China, so could be interesting to see what happens.
EU subsidised industries exporting to China is ok, China doing the same is not ok.
Now I get it.
West hipocrisy !!
It's the same the other way round.
VW has no market in china, but Audi Lamborghini Porches Bentley will always have a market in china.
BYD is like Toyota, the most common car because it is affordable, reliable and comfortable. BYD is replacing Honda, Toyota, Hyundai, vw, and Ford in china.
BYD beats all of them in all categories. Price, technology, range , smart features.
Mercedes, BMW, audi , Porches will always have a market in the Luxury class market. Similar features, but maybe more comfortable seats, better speakers , better windows, unique looks.
BYD - 50% china ev market
Tesla BMW Mercedes Audi Porsche - 30%
Bentley lamborghini ferrari - 1%
Xpeng NIO li auto - 19%
Mercedes, BMW and Audi will lose Chinese market too as more and more EV sell. Huawei, Lixiang, Xiaopeng, Xiaomi and many more Chinese brands are competing fiercely in Luxury market. Foreign brands are on the losing side!@@bl5608
@@JuliaMRichter China bot only looks one way
Such a rarity that DW actually invited a real expert to interview instead of the usual ideological crusaders.
I found it as perfect balance. Those are European news. We don't have problems talking about dangers of china and other countries to us. Do you see any restriction in information here?
@@pangienjj actually yes. every news source has its bias and DW is no different. They have been worse at times and did a good job on this one. Try to pay attention to Whom they are inviting when and where. More often than not, it is one sided.
@@pangienjjOooft, shudder to imagine what is biased if you think DW is balanced
Hello, he knows nothing about China n his nonsense views are all wrongs..
@@John_Doe448 yeah, kinda mine. i know about other points of view but i like this one better aka agree with most on the end. it is not like china baaaad. china got problems any we pump money in it. lets have some conversation.
eu want china buy more wine and louis Vuitton but refuse to export euv and other high technology products to china because us won't allow. eu want china selling less ev and build more factories in eu while china is the largest market for vw for a decade.
and this guy is lying about in china people bought more 50-100km ev and Europe need 500km. you can't find a ev that run only 100.
I think China's response is weak. Imagine the entire brandy imports by China is just under $1.5 Billion USD compared to the potential billions of dollars of lost revenue on their high tech EV's due to French trade war. To be honest also, French wines are just overrated. American, Australian, Italian wines are much better quality.
It's deliberately weak as a warning, but China isn't afraid to ramp up as we've seen with America.
@@ZweiZwolf In the case of America, the ramping up has been mutual, and the US is doing quite well in terms of its economy right now
@@ZweiZwolf
It was France which brought the issue on China EV in EU, so it's timely to pinpoint the source of the problem.
I think France is setting up traps to bring down the German car market share in China if China takes the same reciprocal action at EU car industry. Obviously, EU is not united when Macron is jealous of Germany's success in China in the past 30 years.
@@TheKkpop1 Oh, no doubt. Germany stands to lose a LOT of revenue, profit, and jobs if the EU starts a trade war with China. Subtier effects such as German automobile suppliers would also feel the brunt, like Bosch and ZF. Just recently, Hyundai ended up selling another Chinese plant for pennies on the dollar due to reduced demand. If Germany isn't careful, they could end up the same.
@@ZweiZwolf Goes both ways. If the Western was genuine about taking a short/medium-term hit to block the Chinese market, China will be affected a lot more than it lets off.
This is a really good interview, especially in pointing out tensions within European block itself and their different interests causing different trade agendas.
How generic can you get. Are you a robot?
It's not really that good, parroting nonsense about Chinese economic stagnation, when it grew by 5.2% last year compared to the USA growing by maybe 2% and Germany in so-called "technical" recession. It would be very, very interesting if China were to pull an India and investigate EU companies in China to claw back profits that would have sent to the EU.
@@ZweiZwolf China's national debt increased by quite a lot in 2023. Most of china's growth is just the government spending borrowed money.
@@thegreatdane3627 ... as opposed to Western, esp. American debt ballooning for nothing?
@ZweiZwolf Nobody can seriously believe that China's GDP grew by 5.2% in 2023. Any number delivered by Beijing must be careful looked at.
"If you can investigate me, I can also investigate you". The question is, who has got more to hide?
It’s not about who has more to hide it’s about who has more leverage to hurt the other side but this isn’t China vs EU thing but more like Germany and China being clearly on the same side but the french and presumably other states who would benefit from raising tariffs on Chinese cars and won’t get hurt much like Spain on the other side (which produces more cars in Europe than Germany actually) which makes Chinese manufactured imported cars a competition for them so it’s more nuance than people think
If you want to know about China's insidious and nefarious intentions....
Remember the Safeguard Defenders report.
And the answer is who is least transparent
It is well known that agricultural industry in EU has been heavily subsidised and it's equally well known that EV in China is heavily subsidised especially at the initial stage.
True…US also is subsidizing a lot more with IRA(inflation reduction act) as well
The Chnese are already working a way around vehicle tariffs. They're building factories in Hungary lol.
Also looking at Mexico for North America. LOL
That's going to take time. And BYD would also have to comply with local env and labor laws.
A surprisingly neutral expert, someone who is not playing the usual blamegame 🤔
Well... there is a lot to blame the PRC for. Like the pandemic.
@@Will_Smith_Slapping_Xi_Jinpingit kills your soul
@@Will_Smith_Slapping_Xi_Jinping
Hi China bashing
@@TheKkpop1
Negative ghost rider. The CCP intentionally hid evidence from the global community. Dr. Shi Zheng-Li, who was the director of WIV, became a whistleblower.
Derisking in the long term is decoupling. But why the zero dim game ? When common sense points to collaboration for shared prosperity.
China has lower costs in car production compared to Europe naturally. So it is not need to investigate.
>> China has lower costs in car production compared to Europe naturally. So it is not need to investigate.
@@tooltalk That is your pipedream. Discriminatory/anticompetitive are American policy now. Anti-global supply chain and trying to reinstate two polars world.
@@alexlo7708 >> Discriminatory/anticompetitive are American policy now.
为什么欧洲如此精神分裂？既然这样让我们对法国奢侈品加300%的税吧
The vw golf's arnt as good as the previous 1s
I had a 2013 1 it was an beast of a car
Used to knock it into sport mode was a flying machine
I used to just drive it on eco mode
The mindset of d Collective West is like... We are v advance. We are exclusive. we control d world. Only we can sell to d Global South, but not d other way around, especially d sophisticated stuff. This is how we will continue to lead d most luxurious life on earth.😂
That is why they are falling
European manufacturers should learn from BMW, Mercedes, Tesla, Airbus, Boeing and Apple how they sell into the humongous Chinese market. And the French should get their Peugeot and Renault to leverage on relatively cheaper land and labour to produce their cars in China in order to be competitive.
Where did DW find all these crowds who know nothing about China n speck about China. Not all look alike Chinese know about China…
French brandy is called Cognac, jeez guys dont you have just some basic knowledge? Which cave did you came from?
Stop denigrating Cognac. It is a noticeably superior French Brandy.
And I have some in my cupboard.
Not a civilized person calls Cognac brandy. Cognac is Cognac. @@20chocsaday
China contributes to more than 50% of the world's Steel production (2020 - 2022), 31% of the world's renewable electricity production (2021) and two-thirds of global battery cell. Of course they're gonna have an easier time producing EV cars. If they can make it cheap, I think it benefit consumers who will get it cheap, and motivate traditional gas car manufactures to improve their capacity in producing EV cars.
Don’t forget to mention the massive government subsidies Xi gives them. Anti dumping laws exist for a reason.
how cheap will they be once they centralise the industry?
How about the Western car manufacturers? We risk destroying entire industries by letting the market be flooded by Chinese cars. Think about all the jobs and know-how being last over the next decade. Buy European!
@@Lalaland33 Automobile has grown to no only be a mode of transportation, but a culture. The diverse tapestry of cars from all over the world helped build this culture. But I don't think the European Manufactures will be that heavily affected. There was a period of time where Japanese Car Manufactures flood the market with affordable cars that, for a short period of time, risk usurping their European counterparts. But in the end, the Europeans adopted and stayed relevant. Potentially we're just experiencing something similar. And perhaps this competition in the EV car sector may breed interesting car models, so I'd say we should be more optimistic about that.
War and economics experts suggest that mighty china needs to study and investigate on the right potions of amount of taxes to be imposed on eu liquor taxes for imports into mighty china like 100 percent or up to maximum of 600 percent taxes in to china like reason luxurious tax? Will cause to many drunkens? To prevent over consuming??.and many other reasons??
So to help Chinese society???..
We encourage mighty china to be smart to counter nations that wants to prevent mighty china raise with counter their ways to prevent free trades with mighty china??.. with mighty china own rules and new laws for the benefits of mighty china???...
So to be fair and square ?
Like you punch me I also punch back harder then you??? ........
Mighty china must has a department or think tank to fight back ? To better defense mighty china from being bullying by anti china nations ??..
So we encourage mighty china to reinvents china's own new rules and regulations to benefits mighty china? ?....
Chinese economy stagnant at more than five percent growth. 😂
Still adding more money in real GDP every year than India lil bro
Averagely a Chinese worker with a salary of 1000 euros performs better than a European worker with a salary of 5000 euros. A Chinese worker with a salary of just 1000 euros may have a more comfortable life than a European worker. This is why China can produce cheaper goods.
EU play zero-sum games win zero prize 😅
Ironic French looking at subsidies when most of the EU subsides go to French farmers.
Great that they no longer go to the Brits.
Great that they no longer go to the Brits.
Great that they no longer go to the Brits.
Great that they no longer go to the Brits.
Great that they no longer go to the Brits.
I think China is smart to choose French brandy to investigate is to send a message to EU, that their internal issue need to solved internally and don’t use China as a reason to shift the focus. Why China don’t investigate Germany or Italy. The media need to learn more.
Once the brandy is cheaper, easier to negotiate with the French. That's their plan then.
@@matthewpeloso2172 because French car manufacturers are completely losing the EV game, the German car can still survive and actually benefit from they production in China. It is France who lobbied heavily for this EV investigation against China.
So they are going back to pre-WTO days of bilateral trade agreements, tariffs, import quotas, etc.?
Trying to get the CCP to agree to a trade deal that doesn't heavily favour them and getting them to stick to it is exceptionally difficult
French brandy is over capacity.😊
Thank. You. Baby
Ban ban ban!!!!!
This is unbiased view.. this is new. France-Germany 'civil' trade war.!! DW just got higher in my list.
Ofcourse , crooked Chinese
Free market means interaction between producer and consumer without the interference from government ....this is now long dead.
Free markets only apply when the US and EU monopolize the market with their products, and no longer apply since China is able to compete with their products.
All the sanctions imposed by the US and EU are a contradiction of the free market that they previously imposed on the world.
>> Free market means interaction between producer and consumer without the interference from government ....this is now long dead.
@@tooltalk
Why thanks to China, while the US and the EU violate the free market principle?
you reap what you sow.
Sacré Bleu
Chinese economy is struggling, DW said.
The GDP growth last year was 5.3 percent compared to the anaemic growths of US and EU.
What's going on here with DW??😁😁😁
If a 12-year old is getting taller only 2cm per year, you have a problem. When you are 30, you don't have to get taller. 🤣🤣🤣
If I say something nice about the Chinese will I get a car? Happy New Year!
Birdy
If you call Winnie the Pooh literate, you might be able to get a toy car built to a poor health and safety standard :P
Don't know maybe ask Germany farmer, when they say something not nice about Russia and the reality sink in.
But the car might self incinerate suddenly. China's EVs are death traps. Which is why Chinese don't buy them. That's why China is the number one exporter.
Ask a Chinese not Japanese 😂😂
>> Ask a Chinese not Japanese 😂😂
Well China is flooding EU with cheap E-vehicle makes it hard for local to compete
So no free trade
Europe has a quality. Quality-oriented economy is a bit different from corporative economy.
That’s fine. You don’t buy ours we don’t buy yours. Fair game. Who cares.