New Economic World Order? Industrial Policies & De-Risking From China | When Titans Clash 3 - Part 2
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- čas přidán 22. 05. 2024
- USA, India, Europe, China - all of them are pursuing industrial policies in earnest, as de-risking with China deepens. What are the consequences of a new subsidy arms race, and how will it shape a new economic world order?
In the United States, we examine how a slew of recent policies have lifted the domestic economy but complicates developments elsewhere. In China, we look at how government action has created some of the world’s largest battery and green tech companies. In India, we analyze if it could replace China as a manufacturing powerhouse. In Indonesia, we see how Chinese, South Korean, and Western companies work together to process nickel and build electric vehicles- demonstrating that in a world divided by geopolitics, there is still much need for collaboration.
WATCH MORE When Titans Clash
Part 1: • China vs The West: Doe...
00:00 The end of globalisation?
01:41 TSMC's new semiconductor factory in the US
05:26 Protectionism and new US industrial policy
09:33 International semiconductor subsidy arms race
10:56 China's rapidly growing green tech sector
15:34 China scales up 'assembly line model' to its cities
17:05 China's de-risking actions?
21:52 De-risking's detrimental effects on Southeast Asia
23:40 International companies move manufacturing to India
26:18 China vs India: How do they compare?
33:03 Global powers woo India
35:40 Nickel mining in Indonesia
41:23 Indonesia's electric vehicle ambitions
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About the show: As de-risking deepens, China’s economy loses billions in investments. Is this the end of made-in-China, and the rise of new manufacturing powerhouses like India and Mexico? What is the new form of globalization that is emerging?
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I am Latin American, I greatly admire Asian countries that have achieved development such as Japan, Korea or Singapore. Recently, China is also to be admired because although it is not yet developed, it continues on that path. I don't care what type of government they have, whether they are democracies or not, what matters is that more people in the world have a decent life, bread on their table and a roof over their heads. The United States, because of its selfishness, wants to stop China's development, that is, stop more people from living better. I hope that India, or Southeast Asian countries like Myanmar, Laos, etc, one day also achieve development. I wish Asians were more united, since not only whites in Europe or the USA have the right to live well. To me it is incredible how Asian nations take the American side and do not support each other.
TBF Japan, Korea and Taiwan don't really have a choice. They are vassals of the US in everything but name.
China is actually the aggressor towards ; They are ones who do not want any of the Asian countries (India, or Southeast Asia) to develop. All of these countries are a threat to them. Japan, Taiwan, South korea, Vietnam.... are all threatened as China is claiming sovereignty over all South China Sea islands and their adjacent waters. This is based on loose historical claim to fit their narrative. How is this progressive? To state that the U.S is selfish is ironic. Every country is selfish when if comes to development even your "Latin America"
As an advocate for decent human lives, I admire you. But it is also a fact that not all leaders have decent agenda. Please don't forget the supposedly egalitarian ideologies that Latin America shed sweat and blood to get rid of.
@@gilbertbayron5870 I understand your point. And I was not necessarily referring to an egalitarian society (it should be emphasized that it is not a bad idea in itself, but it is very complicated to achieve and even less so by force). I was referring to the fact of improving the quality of life. My region is plagued by insecurity, poverty, inequality, corruption. We are underdeveloped countries and we do not follow the path of development. I look at Asia and I see a group of thriving countries, and I am not interested in numbers, but in knowing that people will live better, in better conditions, with much better education. That is the path that Latin American nations should follow, but we are very far from that. It is for this reason that I am very motivated to hear news about Vietnam, India or Indonesia.
The main reason China is gaining popularity from developing nations because China unprecedented economic achievements and development. No nation in mankind history ever managed over a billion people as efficiently and effectively as China.
The main reason US is losing popularity is because the war and destruction US did to the world in recent decades.
Apple's India production faces quality issues, about 50% of iPhone housings produced rejected. Tata's Apple factory at Hosur, which make cases or housings for iPhones, had 50 per cent of its produced cases fail Apple's quality control check.17 Feb 2023
Good luck if you choose India
What China is doing to moving up the value chain and produce higher value added stuff, not de-risking. US and Europe are always making up stories that China is doing the same thing they do, e.g. debt-trap and colonialism and genocide
😂😂😂😂
@@polupopus5836Singapore is a Western colony
China does not use the word 'de-risking', they use the word 'self-reliance (自力更生)', which basically is the same thing: Reducing your international exposure by producing everything at home.
@@polupopus5836 they didn’t create the content, they interviewed Americans
@@pjacobsen1000 China has to become self reliant because the west can't be trusted. A case in point, look at how the west tried to cast Huawei out of the open market to protect the western tech companies. It is actually good the Chinese government understands the western mentality and saw this coming years ago and so they are prepared for such a day.
The Americans seems it wants to derisk not just in China but the entire world. Glad they are making the first steps in derisking their trade from Asia.
its de-risking is centered away from our country not the entire world
it will be hard for america to do so because labor in america is not cheap. and whatever they produce will not be competative in terms of pricing. perhaps if they only serve their own market and not export, it wil be ok. 😂
Can American/Indian does the same thing like working in 996 system, i.e working 6 days from 9am to 9pm? Especially India as developing country, can they work 8hrs per day in 3 rotation shift for 6 days in a week? If can't how to compete, this concerns working time, don't count skill and innovation.
@@leexinghayou got the point girl
😂What actually happening is the "Global South" de-risking from G7 . USD.
Using TSMC as an example is very timely, as TSMC is failing in Arizona right in front of our eyes.
Sadly it won’t give the entitled and arrogant US people a wake up call.
No, the US tricked TSMC by reneging on the billions of subsidies it promised TSMC to build in the unprofitable uncompetitive inhospitable US, and instead gave all that money to "US" chip firms. They also helped US firms raid TSMC of its thousands of Taiwanese staff that TSMC brought from Taiwan because US engineers were very unsatisfactory and poorly trained compared to all East Asian engineers, as everyone knows is the case today. It was the US gov't plan all along in order to boost US chipmakers via dirty pool against TSMC. The dumb Taiwan DPP Green govt and TSMC Chair fell for it. TSMC should abandon the dishonorable US and return to China where business is better and much more honorably conducted. I know from firsthand experience in the industry on both sides of the ocean.
@@davidrichards1741 Lol, in your dream. Leader of TSMC does not fall for your CCP propaganda. They know they have no bargaining power when CCP controls them.
@@davidrichards1741
Agree with you. But was it "tricked" or "coerced" ? Did Morris Chang have a choice? Probably not...
And apple failing in India😁😁
There is nothing wrong with "de-risking". We all should de-risk, just sound risk management. We are looking at two ways of de-risking: (1) by coupling together such that no one would want to rock the common boat; (2) by de-coupling from each other such that one is free to rock the other boat.
TSMC is loosing money in USA
Thank you for this two-part amazing documentary series❤.Keep it up 👍
What this documentary series fully displays is how brilliantly China approaches everything from a large grand overview of things, while the U.S. does things in a fragmented private for profit interests. There is a master planning long overview by China. The U.S. does things in an reactionary fragmented way, and reacts by trade wars, sanctions, attempting to create conflicts rather than actually developing a long term grand national/industrial plan to develop a future framework to be a legitimate global competitor. You can call the U.S. “Tanya Harding” as it resorts to trying to knee-cap its competitors to keep them from advancing rather than developing a serious competitive agenda. The U.S. military seems to be its only tool, when a hammer sees everything as a nail
This may be true, but why does it work in China and hasn't worked e.g. in Russia ? They also had a planned economy.
@@exohumer3486 Why would you interject a whole different country in to the conversation? Russia is totally different from China obviously. czcams.com/video/5VHMNbA8MsE/video.htmlsi=r5nf0O1CcuejfLau
@@exohumer3486
You can plan for your whole life. But when you fail in execution (like India, no planning and zero execution) it's just a paperwork.
Your review of the situation makes China out to be a quiet little angel sitting in its own little corner minding its own business, while stoically just trying to make something of itself. That the big bad west has treated it so unfairly.
For context, I spent 20 formative years in Singapore (as an expat. My father started his own business there). I first visited China in 1983 (My Father had an office in Beijing). Asia is burnt into my heart and I have great respect for China and its accomplishments and advances.
With that said, it is much easier to achieve those results when you have a dictatorship that rules with an iron fist. Granted, that power has been used for capitalistic advancement and national improvement but to say that it was done without trade war tactics (currency manipulation, perpetual IP theft which let's face it is the only reason China has been able to jump so far forward so quickly, flooding western markets with artificially cheap goods etc) is disingenuous, at best.
Of course, the US's economic focus is on fragmented private for-profit interests. Unlike China, our businesses aren't state owned.
If Xi stopped trying to threaten Taiwan, took a neutral position on Russia and NK (rather than openly supporting them), behaved like a proper trading partner that didn't create new laws that jail foreign business people for fictitious spying accusations, then Xi wouldn't have to travel the the US to beg for companies to "come back".
While I completely agree that the US has made countless mistakes (not investing in infrastructure, education, etc), I see China as the "Tanya Harding". It is the one that is falling on its own sword thanks to its horrendous trade policies.
This could be an hour long conversation but the best way that I can sum it up is that the US and Europe are almost never on the same page when it comes to international trade and yet both continents are united in their condemnation of how China conducts business, globally. Where there is smoke there is usually fire.
Are you suggesting that they shouldn't protect their economies and that Chinese goods have been systematically refused in these markets? A huge percentage of our consumer goods, in the US, are made in China. I am quite content with this fact but how much more open trading borders do you want?
Some self reflection, on the part of China, might be in order, especially given that it is guilty of the same kind of protectionist policies that it is accusing the west of implementing. After all, while Chinese companies can open business entities in the US, independently, in order for a US company to set up shop in China, it must do so under a joint venture partnership with a Chinese company.
@@patrickdgarez86 to start with all your criticism and accusations of China sound like they were copied and pasted from the U.S. government/media propaganda and lies.
After China being exploited by the U.S. in the late 80s and 90s and even into the 2000s. Xi came and "played" the US capitalist game and was smarter at it. Beating the U.S. at their own game of geo-economics/geo-commerce/geo-trade. I find it laughable that you think it is China doing the "Tanya Harding" tactics. Who's been the one using sanctions? Trade wars? Isolation attempts? Using dirty tactics to undermine by threatening/bullying nations to not stray from U.S. anti-China policies? Who's been militarizing encirclements of China? Is China arming Puerto Rico? Cuba? Sending warships off the coast of the U.S.? Etc...
Seems your so full of brainwashed US anti-China crapola you've lost all sense of reasoning or intelligence.
Laughable that you mention global community behavior😂😂have you heard of Vietnam? Cambodia? Central America? South America? Middle East? Iraq? Iran? Africa? Syria? Libya? Somalia? Myanmar? Pakistan? Afghanistan? Tienamen Square? Hong Kong? Taiwan? And the dozens of US orchestrated/funded coups/assasinations? The various terrorists groups funded and armed by the U.S.? Or all the times the U.S. has vetoed atrocities that serve their CIA interests.
As for the economics between the U.S. and China. Let's remember it was the U.S. who wanted to exploit the cheap labor and resources of China starting in the late 1980s. The entire U.S. economy was built on China (retail, industrial parts, freight, shipping, trucking, rail, online shopping, UPS, FedEx, and all the trades and industries that depend on those things.
There'd be no Walmart, Amazon, Home Depot and all the other retailers and the industries they depend on to make their businesses succeed.
As for Taiwan. Taiwan is a province of China under the ONE CHINA policy that the US and the ENTIRE WORLD has signed on to and agreed in including the UN. it is the US that is instigating another US "proxy war" (japan, south korea, Philippines, australia and now NATO.
you seem either ignorant of all the facts and realities in all this or just willfully dishonest to feed your bias.
China has built itself up by honest hard work of the Chinese people and a smart government.
the US bs that China has had to resort to theft from the is laughable propaganda to comfort the lagging US ego. yeah China stole 5 and 6G from the US (which doesnt have it) or hypersonic Ai missiles (US doesn't have), Ai statellite technology (US doesn't have), HSR systems (US doesnt have), highly advanced Ai space station (US doesnt have),
the most advanced infrastructure (US doesnt have), the world's largest EV, robotics, IT, Ai manufacturer, the fastest super computers in the world, 350 million graduate degree youths with skills, abilities and talents needed for the 21st century tech globalized world (oh yeah the US only has 330 million people and half of them believe trump won, etc...
yeah keep telling yourself whatever falsehoods and bs you need to comfort your alt-reality.
the REALITY is the US is in decline (thanks to a corrupt government and an ignorant delusional citizenry),
CHINA, RUSSIA, BRICS are and will be the coming future.
reality must be a B**ch when it isnt the one you think it is 😂😂😂😂
FoxConn escapes from the INDIAN TRAP FAST just in time before the Indian Trap closes in ..
No more unipolar world ,now the era of multipolar world has begun.This is the time of global south
very good episode from different angles from the world
GREAT VIDEO CNA THANKS FOR THIS SEREIS
Hr hr 😂😂”we don’t play politics, we welcome everyone, from the east, west” . Politics is destroying the world indeed, and poorer countries are going to suffer most.
Excellent doc. Thank you to the CNA team.
Deng Xiao Peng was the man who's responsible for starting China's economic growth.
His famous for his "Crossing the river carefully by feeling the gravels on your feet" approach.
3:45 WOW!! that guy (at very right) standing on the edge of the roof
Good luck to everyone and hoping for a peaceful rest of the century
Would be nice, but it'll take more than that. War is not organic, never has in all of modern history. Controllers are preparing the globe for the 3rd world war. After will be hyper-globalism, i.e global government, which is the entire point. I've been studying this for over 20 years. We've been "warned" about it for 200 years.
World war three is inevitable
Great efforts, need to extand in many area
Biggest game changer is government, instead of new chips.
This documentary is beautiful and came at the right time
Interesting times ahead...
In certain sense, China Is derisking in some areas like Chips, only because we got no choice.
As Huawei's Chairman once said, we will be very happy to continue to source our chips from USA if they can sell to us even we can manufacture by our own now.
But at the same time, pls do remmember, China is largest or secend-largest trading parter to 90% of the countries. Deresking means reducing trade, it is not good for China.
Largest of 140+ countries at present.
De-Risking ？ no ，it's De-Industrial what US & EU doing now
The United States today is not suitable for developing manufacturing.
Forcing it is against economic laws.
Now you know why the Southern border is porous - They need the workers to fill the factories.
Informstive Video.
This Video is very much anti-China, pro-US and pro-India.
Apple in India was a poor investment in India and same like many so many others.
India Government has a very " compulsive " robbery tendency.
This video also forgotten about ASEAN which will not de-couple in manufacturing or for that matter trade.
Those who have not been following global geo-political narratives will definitely be hood winked by this video.
Pro India? 🤣🤣🤣🤣🤣 what a joker u are. And yeah another bad investment from Boeing yesterday in india. Biggest Boeing facility after US is now in india. Now plan a funeral for ur ego.😂😂😂
The whole world has seen the real face of China. And the whole world does not like it. China has no friends. Sorry for you.
😂What actually happening is the "Global South" de-risking from G7 . USD.
Gxxg1e "The US-funded ‘think tank’ pushing Australia towards war
By Bruce Haigh - an Australian political commentator and former diplomat.
Jan 27, 2022"
Most CNA "expert" are from AUS think tank ...now you know why..
The US Foreign Policy to keep Asia poor and divided as stated in a top-secret U.S. Foreign Policy document written 76 years ago is still in force.
February 24, 1948, Declassified U.S. Foreign Policy:
Furthermore, we have about 50% of the world’s wealth but only 6.3% of its population. This disparity is particularly great as between ourselves and the peoples of Asia. In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security. ... that Japan and the Philippines will be found to be the corner-stones of such a Pacific security system and that if we can contrive to retain effective control over these areas there can be no serious threat to our security from the East within our time.
Taiwan was added to the Pacific security system after Chiang's army retreated to the island of Taiwan in 1949. South Korea was added after the Korean War in 1953. The attempt with Vietnam, Laos, and Cambodia was abandoned in 1975.
Chinese are changing the Chinese Rail system to replace the Jet engine... Chinese Rail Locomotives will use Nitrogen to push Chinese Train to 600 km / hour..
China pushes to nowhere, she is best at it.
When I visited recently, the HSR line was 680 km/hr, the fastest on earth, and they're developing a maglev for 1100 km/hr. That's faster than a boeing jet, plus the trains doors and wheels don't fall off like so many Boeing passenger jets nowadays. And their HSR trains are way more spacious & comfortable than any dang airplane, with way better food and baggage space.
With Maglev Nitrogen system.... Chinese will replace Jet engine planes with Maglev Nitrogen Train to offer cheaper transport
Chinese must develope the Chinese system for a New Century...to change from Old 20th Century ideas in order to go into the 21 st Century with different concepts different from the Past White Race concept of the past.. Chinese must build a different system for the Chinese people..
Manufacturing is no more just manufacturing. Relying on any other country for key supplies is no more viable. Actually I'm quite surprised that before we were born world leaders decided that globalization is the better option just because of the cost efficiency. I mean I have no reason to believe that countries wouldn't use their economic leverage for geopolitical gains in previous century.
Another excellent episode in this series. Sober, professional journalism!
It's not the cheap labor that matter the most, but the quality of the labor force and its skills.
Every country outside the G7 and the EU is de-risking from the US$. This means no more investments in US Treasury Bills, property, and industries. And no more joint ventures.
lol
😂😂😂😂
How many CCP bots are there on this channel?
Few developing countries can afford to buy US Treasury Bonds. They need that money for their own development. The vast majority of foreign-owned Treasury Bonds are owned by rich economies, including China.
Through 2023, foreign countries have reduced about 2-3% of their holdings of US Treasury Bonds/Bills. Who have they sold them to? Mostly private investors, mostly in the US itself. America is now investing in itself instead of in other countries.
These channel merely repeat the "words" by the Western world, but the most important is the "actions". Do we really trust those NATO (no actions, talks only) countries? Let's wait and see the "results".
THAI Car Factories are preparing to convert diesel engine to electric battery power car productions to cater for market changes and for exports..
Won’t the focus on AI and robotics solve the aging population issues in China?
This is true in certain point moreover China always have long-term plan for any problems
robots anywhere these days in China.
China mastered reverse engineering & acquired western technologies world wide during 2008 recession. Gradually, China built their own supply chains & took over manufacturing worldwide. The approach to take over was very well calculated & it wont be easy for the entire world refraining from Chinese manufacturing for at least a decade or two. Is it feasible? Yes, but only unity among countries can accomplish that.
Your assuming China will be sitting idle for a decade or two.
Also your Western (US) thinking that it had to be reverse engineering that gave China its rise is western (US) ego.
It was the economy rise of the 90s of China’s manufacturing base and government policies of placing higher education that enabled China to rise technology with all the graduate degree young Chinese in fiends the government emphasized (engineering, technology, research, science) professions/careers the Chinese government needed for its future. This ego idiocy of the west that “oh they must have copied us” is laughable since all developing nations start with whatever came before it (the U.S. took from Europe in its development).
China is the successful nation it is due to the Chinese people and the Chinese government.
As for the future look at any nations society today: it’s infrastructure, the education and culture of it populace, it’s economic expenditures, it’s national values. This will explain the decline of todays U.S. and Europe.
Japanese has changed.. the American went to sleep.. Chinese are changing.. the American is still enjoying the undisturbed long rest in a Disney Fairytale Land
it is US sanctioning China on chips, not the other way around. even if China reunite with Taiwan, they will probably export chips from them as always.
i wouldnt call it reunion. conquer fits better
@@dinglshingle it is a civil war situation. imagine us north vs south, then south lost and fled to puerto rico, then UK intervined to stop the north from liberating the south, you got taiwan situation.
De-risking is Western Double Speak for Trade War
Some people do not understand what the meaning of Production Yield Percentage. At the end any company that that have highest Production Yield Percentage will win the battle. Politition can not just create rule that suddenly certain company have good Production Yield Percentage
American manufacturing is back with TSMC from China. Where is American Semiconductor Manufacturing Company -ASMC? None.
We need to figure out someothernway .his right.developimg nations with huge populations need to acquire some kind of tech to power their manufacturing atkeast for local usage
Most people in the East would not buy iPhone , macbooks from America
America was once the manufacturing house, not any more. America now practicing protectionism when they are not competitive. Sad.
Good Luck Cummins engine
Let understand this: US has almost 35 trillions in debt, borrows another total 1.4 trillion towards chips, IRA, infrastructure act at 5% coupon rate to fund and then politicians expect that inflation will go down and also wonder why private investment are not eager to invest using their own money? Ultimately those chips produced in US needs a market to sell, where they will sell to? China is the biggest market in the world for Chips by far. So then US will start dumping those in global markets with almost zero return of capital. All this is done to enhance national security of US. How can you have national security when you are bankrupt?
I am always reminded by the laws of nature which Capitalism and economics also adhere to religiously that is the path of least resistance.... not sure what kind of spin and twisted logic this CNA program is trying to send out... for Companies they want to have the most efficient and cost effective place to manufacture and deliver their products this is the reason why Singapore still has a very attractive port and airport because our infrastructure is cost competitive and efficient.
Just from already tells us this talk about de-risking and supply change arent business decisions by ideological and political decisions to the detriment of these vary companies that are willing to sacrifice their markets and establish supply chains instead of further improvements and ensuring stronger resilience to these chains.
China is already moving up the technologic chain towards AI, robotics, Quantum computing etc... it has both the brain power and also the financial muscle to do so there will be pains and sacrifices to be made, but the Belt and Road and Xi's vision of the world 20 years ago remains unchanged and has proven him right on his decision to made in China the prove is the current rabid sanctions promoted by the US and its lapdog western allies including S Korea, and Japan.
It's de-risking for China, because they already took control over the global supply chains.
It's decoupling for the USA, but you might as well call it "risk-escalation". Higher public spending, higher debt and higher prices for relocating manufacturing facilities will trigger a higher inflation.
I think China already won this one.
They won the chip ban... imagine when China runs out of chips, they'll be back to making chopsticks.... 😂
😂What actually happening is the "Global South" de-risking from G7 . USD.
@@danhtran6401China has millions of engineers working on chip tech. They (claim to) have significant breakthrough on some of the high end models. The rest they smuggle in through third countries. Also China holds all of the raw materials mining and processing needed for manufacturing the chips. I think they have the upper hand.
@@danhtran6401 enjoy the days, my friend. by the time we have the capability to manufacture/create our own nano chip, then u can kiss goodbye to one of the world's largest market & u might even find the rest of the world buying from us and not from the US anymore due to price 😊 cheers!
@@leexingha Go China!
Indias oldest and best friend is Russia why does US invest so much in India ? Hopefully the wedge will work
Because India is half democracy. China is all dictatorial...
Instead of asking such stupid questions you should ask why US n west has been pouring investment n business in china from last 4 decades which they consider as their top enemy?🤣🤦 Instead of questioning a non aligned country
I‘m curious if iPhones in India offer all Hindi variants ?
Most college-educated Indians use English exclusively. Shamefully I have to admit that I find difficulty in reading Hindi, my mother tongue.
Now China is in the shining moment and best position to continue the momentum to super high techs and dorminant technology on all fronts including high end Chips. Of course RnD is a going on affairs and China must and should protect its own IP at all cost.
What IP are you talking about that was invented by the PRC? Everything ever built in the PRC is being copied from other countries, even their political ideology - was socialism/communism invented in China? Socialism with Chinese characteristics? LMAO.
czcams.com/video/5VHMNbA8MsE/video.htmlsi=r5nf0O1CcuejfLau
Sounds like an excellent idea, please do that 😂
Another reason for this whole de-risk move is because China doesn't do any of it's own RnD and owns no relevant IP that makes it competitive on a global scale. Their foundation is on stolen technology, stolen RnD and stolen IP. Cheap knockoffs can be found in every manufacturing industry and even in their military tech and hardware. All stolen. Good luck now the game is up and everyone distrusts anything coming out of Chinese officials mouths. Just look how long it took Chinese manufacturers to figure out how to accurately machine the tips for ball point pens and that was still using stolen tech from Germany.
Please note: what people expect is different from what people will achieve. My opinion is, no country else on earth, even the combination of G7, can compete with China in regards to manufacturing workforce diligence, discipline, skills and the most important factor, scale or quantity, as well as R&D expense
In that case, then why is China so keen on attracting foreign investments and foreign tech? Western companies are keen to de-risk from China, why should this bother the CCP? If no county on earth can compete with China, then surely the Chinese should celebrate the mass exodus of foreign companies and investments? Reality seemed to say otherwise.
Chinese products lack quality and manufactured by slave labour. It doesn't bother with r & d since it's easier to steal, hack, copy and reverse engineer western technology. Chinese billionaires fleeing China with billions. The yuan has crashed, its stock market on the floor and exports dried up. It's like the Chinese economy has returned to the stone age.
I mean i have been engaging in International trade in China for 6 years from local to corporate and goverment level and i can assure that , this is true without any doubts !!!!
@@nicholasfernanda367 In that case, then the CCP regime should not be so concern about US/Western companies de-coupling or de-risking from China then.
@@htran3617 The problem is how?
Like what they did to many Chinese companies, national security? Ban? Force any other countries who do not want to do with them? It will hurt.
They control media.Every technology if China mastered it, they will play tricks
Can you imagine how wonderful life would be if the entire world was governed with wisdom by Xi and China! No more problems only Win Win for everyone!
I think many Americans think bringing home the manufacturing industries is a good idea. But, i doubt the outcomes will be positive. The final products will be too expensive due to high labour cost, utitlities, transportation, storage etc. But, domestic demand only may not be profitable enough for growth, R&D, etc. Unless US government artificially keep USD low and heavily subsidized for export. And, Fed need to reduce inflation tremendously. China knows that they can't keep the labour cost low forever; or maybe keep Yuan low forever....that could be a reason for shifting their factories to Africa and South East Asia.
The truth of the matter is 1 modern German machinary in Shanghai can make 7x excessive amount of shoes globally, this tells us that in manufacturing, they can move it to whichever country with cheaper and good labour for low tech, that's also why China is at crossroads itself, industry move onto cheaper labour cost
not quite , my country is Vietnam and we have a lot cheaper labour than China but Chinese products are still a hundred to a thousand times cheaper than ours . Just imagine in order to make a shirt, you have to spend 10cents on the linen alone to make it , that is not counting other costs such as labour , electricities ...ect.. , and China is selling a well made brand new product that travelled thousands of miles through numerous middle men and the final prices is still 2 cents. Why ? because it is due to extreme heavy subsidies. China is a communist state, so they used to have state owned companies , in which the government used tax money to finance the whole operations and the companies absolutely have to do nothing and can make huge losses but the workers still get paid by government , because it is a communist worker paradise country. when China joined the global economy and started capitalist free market economy , they used exactly the same state owned companies treatment, but now it is geared towards export oriented industrial private own companies. China can make a car cheaper than they sell it for scrape metals , not because it is cheaper there, but there are extreme subsidies.
@@daphuc502You said like you are not Vietnamese! Vietnam is also a communist country same as China! Why don’t your government subsidize you and others Vietnamese business as China do? And according to the information that I have about subsidies in China, there is not very high as you said especially for the labor intensive manufacturing and business (garment, toys, shoes, etc.). The Chinese government subsidizes a lot more on green energy, EV, chips, space, AI and quantum technologies.
@@wichaipongthadaporn2026 we have subsidize state owned companies too , a huge numbers of them went bankrupt after privatizations, some companies such as electricity, water ..ect.. and other public , state owned are subsidized., but not private owned companies. communism subsidize nationalized companies. China is a fascist imperialist country that heavily subsidize privately owned companies , they learned it from imperial Japan back in the days.
@@daphuc502 God never stop any country to heavily subsidies any company. Whether the country can do it or the country can not do it that is the real root cause of problem.
@@daphuc502this is the only maybe 10% of the root cause, open you eyes and think wilder
Manufacturing coming back to the USA will increase inflation in the USA. Outsourcing manufacturing in China is still profitable and cheaper. But security wise is making the USA vulnerable.
China is building rail lines in Northern part of ASEAN to feed into China ' s RAIL network to offer cheaper transport for NORTHERN ASEAN.. Myanmar to Kun Min ., Vientiane to Kun Min , Bangkok to Kun Min , Phnom Penh to Kun Min via Thailand... Singapore to Kun Min...
It will facilitate the transport of goods in either direction helping land locked countries export their produce and products increasing the standard of living for all along the rail network.
let see if will happen soon those trail way... possible asean they feed china for food.. 😂😂😂😂
It's hard to green the shipping industry so local production is important.
人的邪恶在于：人都是先有立场，再有是非观
Globalization was a term given just by US politicians to lining their pockets they outsourced almost every sector to china because of greed if US had retained its manufacturing and not just became a consumer economy like its now. It would still be in good shape. But now all manufacturing sector is lost never to recover to china which has full supply chain and fully integrated and in everything they first made cheap products now they make good products and in future will be fully dependent on everything and will innovate more. US greedy politicians bought this themselves i dont know what so many think tanks were doing in the usa not imagining this inevitable future for decades
excellent reporting..
Thai production of electrical parts for electric cars will have exports potential to the Big Chinese market in the next 40 years to sell to the Chinese Electric car manufacturers...
Hua Wei and ZTE will have the Russian and Central Asia market with Chinese Satellite 🛰️🛰️ phones ...all the way to IRAN and West Asia Arab nations...all will be using Chinese telecom systems...
Russia used micro chips to find people in forest in the dark. Can it help rescue Gundam pilots in Space 🌌🚀 for all those love space 🌌🚀 leah too
Males and females have evolved to fashion opposing commodities both hard and soft respectively. Working against it leads to more inflation.
State, industrial within wind turbines not counter intelligence factory facility base
There is an old story in China begin with “卡脖子”， now is de-risk
In my own view american economic will be continue deteriorating.. maybe they have also advance research but as we see now a day competition is so tight, Americans is not alone in innovating complex that's why america is one of large importer that means their nesciait
I need a one world 🌎 government now more than ever.
Dont worry, show these 10 percent population pictures to portray whole country as slums. There are thousands of big corporate buildings , millions of homes of middle n upper middle class people. Top class infra, but you will never show that. Only slums. Bravo.
Which part of the series goes over their surveillance state and human rights violations?
Daft performing arts view of economics and geo-politics.
population aging is the biggest achivement of health policy, instead of problem. slaves need to be young, not scholars or engineers
Chinas WTO market share is done
I don't think it will ever happen, South East countries will out beat India by miles.
But, good luck to India Sub Continent.
De-risking just means diversifications
Please add "Proudly sponsored by Chinese government" in your video 😅
Are you kidding? CNA is a very biased pro-western rag run in an American vassal state!
Feeling so insecure? Try to grow up a little 😁
Titans do clash! China 🇨🇳 Advances as it has all means of Superiority in many of Strategic Areas that makes them Rise Above USA 🇺🇲.
Nope! China still behind that’s why the US is able to sanction China. If China is ahead you claimed China should be the one who sanctions the US and cutting the US from obtaining china’s high tech not the other way around.
I bet you can’t name one modern technology we use today that was invented in China.
😂😂😂😂😂
Using upper-case letters does not make your claim more valid.
@@pjacobsen1000 upper-case is not upper case Bro!
About time Joe 🎉😅 hahaha
TSMC is failed in America, what a joke.
Your English also failed...badly...
I do not see what India bring to the table 😂
Almost the same as what Bangladesh brings to the table.
26:48 one generation India. Cross multiples of 800 million public and Dow moves aggresively, Kinley installs BJP not fiberOptic but loose guidance, its not a heat seeking torpedo nor a landfill or subsidy
We don't do politics... yeah you do.
indonesia is model for african countries to manage their resources
Initial 10% losses mean nothing in the long run
Angl00rgime is really worried these days😂😂
How does "De-Risking From China" work when the industrial parks & factories are dominated by Chinese enterprises?
as long US wage still that high . i dont think bring back manufacture back to US will help , if their worker can accept wage like in mexico . then we can talk
China and Russia are the main actors why this effect is happening and good for countries with the G7 and not so good for the bullies.
United states invest in china most manufacturing efforts and investment is pouring on that nation. Japan also doing the same. But they become more
Hungry for
More so im happy no more globalization. Anyway only one nation benefited from that. Im happy to see electronicd made in india , vietnam myanmar lets give jobs to other nation help them
To grow. China use this a s a weapon to compete no matter what it takes
What a great docu series great work
Russia invaded Ukraine and the EU suddenly realised how dangerous it was to be addicted to Russian gas. "De-risking" from China is the same. Energy is national security. If a super-power like the USA cannot build their own wind and solar and computer chips and EV's - and the country they depend on suddenly invades Taiwan - where does that leave them? "Friend-shoring" is national security, period!
"EU suddenly realised how dangerous it was to be addicted to Russian gas" - u r quiet wrong becoz Russia also depends on the income from its gas. EU chose this by theirselves by following US' order to sanction Russia hence Russia retaliated
"If a super-power like the USA cannot build their own wind and solar and computer chips and EV's" - it cannot be a superpower to begin with, hence ur scenario is not realistic. to be a superpower, u control almost everything
ur bootlicking disables your ability to think rationally. i can easily predict wat u r about to say or what u want to say
@@leexingha "EU chose this by theirselves" - sort of - except the German energy minister REALLY got Germany addicted to Russian gas and now works for Gazprom on $1million a year. So there was obviously some revolving doors corruption there. "it cannot be a superpower to begin with" - not sure what you're even saying here? Any economist or military strategist would laugh you out of court. "to be a superpower, u control almost everything" They police the oceans to keep international trade happening - and ARE a super-power - but they've decided they need to de-risk. They are a super-power whether they de-risk or not. One is an American super-power making stupid decisions and leaving their economy vulnerable to the sensitivities of an overseas dictator. Another is an American super-power making wiser decisions and derisking their lines of supply - and having safer trade relationships with friends. You see - China's proved THEMSELVES to be unreliable. China started this. I'm Australian. Our Prime Minister just asked for the W.H.O. to investigate whether or not Covid escaped a lab. China then dropped Australian trade worth $20 BILLION in retaliation. Now China's crying because the West saw that, and decided China was overly sensitive and NOT RELIABLE! And you're crying over it with them? Add all the sabre rattling over Taiwan, and having recently seen Germany on their knees before Putin - and I wouldn't blame them if every western nation decided to DECOUPLE ENTIRELY from China!
it is US sanctioning China on chips, not the other way around. even China reunite with Taiwan, they will probably export chips from their as always.
There will be conflicts.
This piece is correct China started decoupling first and now they are complaining because others are doing it.🤦🏻♂️
They're the embodiment of "Rules for thee, not for me!"
They banned high end chips and techs and many others to sell to China! What do you expect China to do except “de-risking” and make these by themselves?
@@danielpang9078 did you read my comment correctly?
Well yeah. In spite of the rhetoric about how they want to be a respected member of a global economy, you’d have to be a complete fool to believe they will simply end it there. It was NEVER about being friends, it’s always been about dominance and control. That’s the whole point behind the Belt and Road initiative. On the surface, they appear to be a friendly ally in the effort to help small countries with weak economies modernize their infrastructures with loans and labor. But if you look beyond that, it is far more sinister and it is at least twofold. First, the borrower is slave to the lender. The borrower will either be under the sway of the lender, or submit to them entirely. Second, the loan would obviously be written to benefit the lender in the event of a default. This would likely give the CCP control over their assets and resources without shedding a drop of blood. So not only does the CCP get their stuff, they now have the infrastructure to continue sourcing it and transport it. It’s predatory lending on an international scale.
@@mack-uv6gn Who is "they", you made other people confuse. 🙃
The only for America to compete with China is by mastering Mandarin otherwise the chances will be rather slim.
Ever heard of translators, human or electronic?
@@pjacobsen1000 You need to know Chinese to understand how the Chinese think and if you don't, forget it; know yourself, know your enemy, a hundred battles fought, a hundred battles won. Nevermind, you won't understand it.
US is into high-end products like satellites, nuclear powered submarines, jets, not Thai talking coffee makers.... don't fancy yourself. You're competitive with India....
@@brianliew5901 I do know Chinese, but business people don't have to know the language of every country they do business in. Chinese business people do business all over the world while only speaking Chinese. It can work, don't worry.
@@danhtran6401 What do you know? 😂😂😂😂
Cummins is an annoying company to work with, 😋
May I suggest you something, stop using old slum shots to describe India, true that some parts of the cities do have slums but it's equally true that it's a tiny fraction .. spend some amount of money to buy some.better footage that objectively represent modern India.
Maybe the next step after free capitalism is state capitalism.
Industrial policy is not invented by China. I just wondering those companies benefited by Chinese policies are mainly state owned. How the other countries earn back the money spent on their policies?
It directly relates to GDP as well as defense prospects. Semiconductor manufacturing is the deciding factor. Everything runs on them and China cannot manufacture them to the quality or scale required to be competitive. It relies on Taiwan.
@@cyruszielinski5849 Sorry, I'm not getting your point.
@@NeroXing the return on investment is that the United States stays at the top of the current world order and isn’t usurped by China.
😂😂 😂 made in USAis very very expensive.
But you can use it for a hundred years ...
@@danhtran6401 us quality is crap
@@theburden9920 like what?
@@danhtran6401 their cars and infastructure.
@@theburden9920 what about their satellites, nuclear powered submarines, b2 bombers, nuclear powered carriers, 13k jets, enough to turn your country into a mini moon along with your cars and highways. US has 100+ trillion in assets. Which country are you from?...