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China's manufacturers are going broke

economist.com

81–90 of 229 posts

Re: China's manufacturers are going broke

#81
post #68

Earlier quoted context omitted.

Looks like militarism and imperialism are not compatible at that crazy new 21th century world. IMO, that's a good development. I hope it lasts.

Uh, and what would that mean for the United States? China hasn’t been at war with anyone for decades.

Militarism and imperialism is not about wars only

Re: China's manufacturers are going broke

#84
post #76

Earlier quoted context omitted.

Looks like militarism and imperialism are not compatible at that crazy new 21th century world. IMO, that's a good development. I hope it lasts.

The US government has put a lot of effort into isolating China from the Phillippines. It's just statecraft and covert influence campaigns, nothing to do with the moral supremacy of anti-imperialism. Moralizing arguments such as this one are FUD.

totally agree, you have to so naive to believe it's not US gov's influence that's maneuvering this behind the scene, just like in Japan, South Korea and other China's neighboring countries.

Re: China's manufacturers are going broke

#85
post #76

Earlier quoted context omitted.

Looks like militarism and imperialism are not compatible at that crazy new 21th century world. IMO, that's a good development. I hope it lasts.

The US government has put a lot of effort into isolating China from the Phillippines. It's just statecraft and covert influence campaigns, nothing to do with the moral supremacy of anti-imperialism. Moralizing arguments such as this one are FUD.

So tensions between China and the Philippines have nothing to do with China's actions and are just the U.S. performing a psyop?

Re: China's manufacturers are going broke

#86

These are some staggering numbers: 52 thousand Chinese EV companies shut down last year. Xi Jinping (successfully) stimulated EV and semiconductor manufacturing through massive government investment and loans. The problem is that so many companies were funded that they are now viciously driving each other out of business through oversupply. Because the supply chain networks are so dense, each bankruptcy easily cascad…

> With such a large field of vicious competition Other than BYD (which has a strong product market fit and a very strong technical foundation in both battery tech and automotive development), where can the competition export? Every major automotive market has preemptively or actively placed tariffs on Chinese automotive exports straight from China. SAIC, GAG, GAC, BAIC, BYD, etc will all have to either ToT IP, open d…

> where can the competition export?

You see, there is a 1.5m-2m new car market right next to China, completely abandoned by western players. And another 500k-1m market in Central Asia, where General Motors neocolonialist monopoly is waiting for disruption.

Of course it's not US or EU-sized market, but realistically, in the best case scenario I'd expect China to have at most 20% of US or EU. Here, they can take it all.

Re: China's manufacturers are going broke

#87
post #18

> Hengchi, an electric-vehicle (ev) maker owned by Evergrande, a failed property developer, told investors that two of its subsidiaries had been forced into bankruptcy. The group originally aimed to sell 1m evs a year by 2025; amid feverish competition it sold just 1,389 last year. When you miss sales targets by 99.9% it’s got to be more than a competition problem

It has to do with govt subsidy policy on making EVs that ended couple of years ago. Before that, every company with cash and even local govts entered EV manufacturing to avail the subsidies. Even when their core competency has nothing to do with EV manufacturing and even manufacturing anything. Same reason, some companies filled dumping yards with bogus "sold EVs", since repairing and keeping quality when being used will cost them more instead of making some substandard EV and generating fake sales cert.

Similar policy PRC used when building up solar and battery industries. Subsidise a hundred companies, and few will come out as winners. Reportedly with real estate issues and semi trade war economy is facing headwinds and PRC is scaling down subsidies.

Re: China's manufacturers are going broke

#88
post #76

Earlier quoted context omitted.

Looks like militarism and imperialism are not compatible at that crazy new 21th century world. IMO, that's a good development. I hope it lasts.

The US government has put a lot of effort into isolating China from the Phillippines. It's just statecraft and covert influence campaigns, nothing to do with the moral supremacy of anti-imperialism. Moralizing arguments such as this one are FUD.

Or maybe its just that china demands all of south china sea for itself up to the phillipine coast. Ah no that must be the fault of the USA too! /s

https://en.wikipedia.org/wiki/Timeline_of_the_South_China_Se...

Re: China's manufacturers are going broke

#90
post #69
post #67

Earlier quoted context omitted.

VN - Vietnam SK - South Korea JP - Japan FDI - Foreign Direct Investment RoI - Return on Investment JV - Joint Venture ToT - Transfer of Technology ?

You two are funny. Looks a bit like good cop, bad cop. Informative, though!

TMTLA - Too many three letter acronyms.
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