Explaining overcapacity, taking EVs as an example
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- čas přidán 30. 04. 2024
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news.cgtn.com/news/2024-04-30...
The word "overcapacity" features in more and more news reports these days. Western politicians and officials are increasingly voicing worries that China is experiencing an excess in production capacity due to a rapid increase in manufacturing, which they fear could negatively impact their domestic industries. What exactly is overcapacity? CGTN explains.
#evs #china #overcapacity
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Western capitalism has always relied on captive markets, either with a colonial empire or with neo-colonial indirect influence. The major empire up to the mid -Twentieth Century was that of the British. Colonies provided raw materials and then served as a captive market for British produced goods. This could be seen in Hong Kong, where even the drain covers were made in Sheffield, England. The US maintained its influence mostly in Latin America. It is ironic that the Global West is now crying so hard about China, when its corporations and companies offshored to China for profitability in low wages and to avoid environmental controls at home. This kick-started China on its rise to its present position. Now the Global West wants its corporations and companies to relocate, friendly-shoring I believe is the term. This will no doubt mean to countries where the Global West can better influence the government and economy.
For WorldWide Wealth requires 200 million electric cars per year.
Planet renovation back to 350 ppm requires 8,000 GW photovoltaic production per year.
3:15 LOL! This narrow side road now serves as parking and charging for these small EVs! NICE!
Accusing "Overcapacity" means the accuser could not compete.
I’m sorry but doesn’t overcapacity reduce inflation?
When you flip things around, everything makes perfect sense when comprehending the US narrative. China over-capacity = USA non-competitive or USA under-capacity.
What is overcreativity?
My invention is overcreativity.
The U$$A gets beaten at their own game, and doesn't know what to do, except make up ridiculous accusations, and excuses! 😂😊
You don't know my country