Some EU and US leaders have accused China of overcapacity, and dumping electric vehicles, solar panels, and batteries on the global market, at artificially low prices. The fear is that this will lead US & EU companies to go bust. China has hit back, saying that there is no overcapacity in its 3 clean tech industries, and accusing some of these countries of being protectionist.
Who is right? Are we about to see a trade war erupt between EU and China, similar to what we had seen between the US and China?
WATCH MORE When Titans Clash
https://www.youtube.com/playlist?list=PLkMf14VQEvTbTGw6gbmIHoWz4nmolfkpU
0:00 Introduction
02:49 Protests against China steel exports
05:27 Western leaders on overcapacity problem
08:21 Comparative Advantage
09:04 As China exports, US loses millions of jobs
11:16 The impending second China shock
15:55 BYD ascends
18:05 The history of China’s electric vehicle dreams
22:30 China pushes back against overcapacity accusation
23:30 Auto industry in Europe cuts jobs
25:15 A trade war between Europe and China?
27:33 Solar in China
31:04 US solar makers go bankrupt
33:09 Trump’s solar tariffs
36:26 China’s Ambassador to USA responds
36:55 China exports to the Global South
39:38 How did China dominate battery industry?
42:30 The role of state planning
44:42 China’s moment of reckoning
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Another propaganda video again come on
America has an overcapacity on DEBT (namely the Treasury).
Their country can consume this overcapacity, so they dump it around the world.
China should put a 100% tariff on US Treasury.
America has an overcapacity on agriculture products.
Their country can consume this overcapacity, so they dump it around the world cheaply.
China should put a 100% tariff on US agriculture products.
Eh, I don't think heavily subsidized Chinese steel or tech companies are cheating any more than the equally highly subsidized American agricultural industry is. That said, China whining about protectionism is so hilariously ironic and hypocritical I almost respect the incredible scale of their double standards
The US has overcapacity of low productivities.
It's convenient for politicians to blame someone else than their own people whom they hope will elect them. The problem with this approach is that they are not addressing the root cause of their business uncompetitiveness. Taxing imports is like blaming someone by punishing their own people. The root cause must be addressed.
waterfalse😂😂😂😂
Chinese propaganda, how refreshing
The US and the Europeans may put up trade barriers now to stem the economic tide, but like King Canute, they will find that they don’t command the tides. The tariffs are an admission of defeat.
Haven't your capitalists cut enough leeks in China with their luxury goods? Those people fattened their own pockets but didn't share the wealth with the lower class people. Now you populist politicians only blame China for making things too cheap, causing your factories to close down and workers to lose their jobs?
You guys are just fooling your innocent citizens !
The Chinese have survived five thousand years of all kinds of social pressure and are the most flexible people in the world. The greater the external pressure, the more power and creativity will emerge, and eventually most of your enterprises that depend on human power will vanish.
Unless you government directly wage a war against China and push us back to the last century. Unfortunately, that's unlikely to happen . Because in your society, there are too many people who make a living and get rich by cheap products that no one can make as good as China.
If the west can’t compete, they cheat.
Learn how to do business. 😃
Who more lose trade war. Not win and totally lose.
If you support the God leaders of the Chinese Communist Party, Authoritarianism, religious oppression, no free speech, then do nothing and support China's overproduction. The Chinese economy is only a tool used by the CCP to achieve its neo-imperialistic goals.
reverse THE N.A.F.T.A BILL
800 million chinese lifted out of poverty…at what cost?
for every 4 chinese employed means someone from the u.s.a., canada, japan, australia, new zealand and europe lost their job.
thats roughly around 200 million people world wide; give or take.
reverse THE N.A.F.T.A BILL…signed by bill clinton, the worst president ever….hes neck and neck with biden.
thats why you want a conservative and not a liberal.
china is that kid in class that steals and barrows answers to pass a test.
The West caused the century of humiliation which crippled the Qing and they didnt see a problem with it. Now that China is prosperous, it's a problem?
China set the new standard of developed country!
The West is hilarant. They can be rich, but won't let others prosper.
There's no such thing as "overcapacity", it is supply and demand. If there is no demans, they wont make things at a lost.
They are just afraid of farce competitions especially with the high tech that used to be dominant by Western companies.
Was there ever an overcapacity with western brand when they dominate in China such as Starbuck open 1 store everyday in China or how the big 3 car companies making records profits and sell more in China than the US?
USA is rapidly becoming more and more like Soviet empire with protectionism and extreme inequality.
USA keep talking China all the time for 10 years, it means the USA has no focus and time to talk iro of their own people, techno, trade in USA Country, the more you talk the more you loss. it is not the way of free competitions
the competation is fire enough, instead of blaming a good competator why not improve yourself?
The US has an overcapacity of money, too expensive for everything including labor.
USA's overcapacity of weapons and dumping arms worldwide is killing millions and millions of people.
In order to dump arms, USA creates wars.
It's all about greedy entrepreneurs and unequal wealth distribution in the West. Cheap Chinese products have actually helped the West especially the US, to suppress their inflation since the late 90s. Without Chinese made products, a toothbrush would prolly cost ten bucks a stick now.
Wow we Americans are so lazy I've met people from different countries were they have to speak three languages!!!
产能是市场决定的，哪来的过剩只说？过剩只会导致厂商商品积压，吃亏的是厂家，如果你的商品缺乏竞争性而倒闭，这就是市场淘汰体质
When u can't compete with them then just say over capacity
我们在辛勤劳作的时候，你们在休闲，在看NBA,MLB,你们在看五大联赛，你们在游行，凭什么我们不会走到前面呢
The elephant in the room is Country A wants to remain front and center of the world and Country B is catching up so A is throwing a tantrum thinking that others will come to its defense. No way. Country B has a right to produce according to its skills, capacity and production and A is only jealous because it is being overrun. If it was Country A that had an overcapacity No one could dare tell it to reduce its manufacturing capacity. This is pure colonial arrogance. At the same time, Country A has an overproduction in food, which it uses as a weapon of coercive diplomacy to economically and politically subordinate nations for its own exploitative measures. Country B doesn't to sell to Country A or C, but the rest of the world has 8 billion in population so Country A cannot decide that the majority doesn't have to buy the products of Country B. Or could Country A be saying that its only its own society that has purchasing power and that the rest of the 8 billion do not need to improve their lives therefore they don't need the products of country B. Janet Yellen dares to make decisions for 8 billion people in the world that would want to purchase Chinese products so how can she say that Beijing has an overcapacity. Yellen also made a false economic statement because Chinese products are absorbed by the market and they do not have an overstock. As a matter, Americans are beginning to see a shortage of products which were from china not on the stock shelves any more
Thanks for this insightful video. Now only I realise the Americans are against Green initiatives when someone else is providing the cheaper alternatives.
China is copy cat, can not innovate
What now? 😂😂😂
EU and USA can't complete
The G7 is suffering from over-anxiety that they may no longer have the hegemonic economic, military, and media position she enjoyed in the last 2 centuries.
If China is able to make high tech goods and services cheap, then it is the consumers who will benefit at the end. Life is already hard enough for most people around the world, some struggle with paying monthly bills, some with bank mortgage and sometimes even foods, medical bills or even children's school fees. I will say cheaper Chinese high-tech goods and services is making everyday people's life much easier. As such I welcome Chinese overcapacity, if the American and EU companies refuse to make their goods cheaper, then why should we care if their company bankrupt or not.
China is not overproducing, but rather over-efficient.
So China making same things cheap more effective.. Giving consumers a chance to save money and have same technology….. Bad China
Nowadays I really don't know who is genuine in their intentions…all are bullies , all are hungry with power and resources ..what difference does it make on who dominates the world economy..low cost with low quality or high cost with good quality..patriotism where are you now?
Comparative Advantage made Africa sell its raw materials because IMF and Worldbank threatened of sanctions, US and west threatened us ,I like it when China challenges the Status Quo.
AS others lose jobs , others are lifted from poverty .
Its a western concept ffs, its called an open and free market which the west propped up china to become
arrogant and narcissistic EU and USA are still sleeping in the glory of last century, 21st century is Chinese century
This the world problem, must stop buying China products. They are using the money for military war
the truth is that USA is in undercapacity to compete with China and they are crying and complaining … and blames China.
Japan good in licking…. remember late 80s with plaza accord and US Japan digital trade agreement?
Soon US will blame China too rich or blame China too smart too. In the past they blame China for global warming. China now use ev car more than the rest other countries. Now US blame China over capacity. Come to an end when US cant bet they blame others for their failure. No shame amd gruel plus using their power to control others. Very obvious when prining too much money and cant pay their debts plus inflation. US had never blame their wrong doing. US cheap money as a reserve currency around the world. Inflation has never in US mind for the money caused all these to alot of the countries.
Overproduction when u cant compete