|
Audio Asylum Thread Printer Get a view of an entire thread on one page |
For Sale Ads |
107.142.146.197
In Reply to: RE: Sure, I've saw some 'ghost cities' with my own eyes posted by Feanor on May 04, 2024 at 05:29:34
One being the typical Chinese don't trust the Chinese stock markets, (with good reason)...Good reason!
Massive defaults by contractors leaves Chinese "investors" without completed homes to actually live in.Very different situation here.
As for EVs, overproduction (and product dumping) as I've mentioned before remains their ruse.
"China's production capacity for new energy vehicles in 2025 is expected to reach over 36 million vehicles when the plans of automobile companies and local governments are combined. Sales that year are expected to be around 17 million vehicles, creating a nearly 20-million-unit surplus."
Edits: 05/04/24Follow Ups:
But you can't export real estate.
Apparently China's broad strategy going forward will be high-tech manufacturing and export. The export-lead economy was the Chinese thing for a couple of decades; some call it "mercantilist" or neo-mercantilism. It worked pretty well; seems Emperor Xi wants to go back to that given domestic real estate has turned into a bust.
Given this, it's understandable that Chinese foreign sale of their "over" production of EVs is seen by foreigners as "dumping". But traditionally dumping implies temporary disposal of production over domestic consumption. But this overproduction, I suspect, is a prelude to penetration of foreign markets, the US in particular.
Cynics would say that it's the old would-be monopolist tactic of undercutting competitors price to drive them out of business. This could be close enough to the truth. It is likely to be met be protective tariff bring an end to the mostly free trade world we've know.
Dmitri Shostakovich
FAQ |
Post a Message! |
Forgot Password? |
|
||||||||||||||
|
This post is made possible by the generous support of people like you and our sponsors: