Regular viewers might notice that we did a video with a very similar title a few months ago. We changed the title on that video after commenters rightly pointed out that the video was 95% focused on China's new economic reforms, rather than the Global South's reaction, but we still thought the topic was worth revisiting because, in the past few weeks, 2 things have happened. First, "overcapacity" has become an increasing hot topic in global politics; and second, we've seen a slew of trade barriers erected by various Global South countries, which we detail in the video. Anyway, we hope the video better reflects the title/thumb this time around, and thank you for watching.

@abdullahalkandari2976

15 күн бұрын

Everyone wants china's export except gender confused countries such as us and nato

@aceman0000099

15 күн бұрын

Cock and Ball Torture (CBT) is a form of torture involving the cock and/or ballsack, including shaft, testes and pubice. The advent of this technology was brought about in 1835 by the construction industry and in turn, Venetian bronzemongers. Historically, the same Day installation and maintenance and repair easy to use the form below and attached to it as a result. Without this, the same time China will have a good time to get the latest flash player is required for video playback stopped because this video is not available for remote playback stopped because this video is not available for remote playback stopped

@DennisTheJuniorMenace

15 күн бұрын

4:49 Ok, tbf I'm not familiar w/the global south term, How is Australia part of the global North when its south like the rest of those in the global south? What, Is it a nice way of saying poor?

@ASwordTurtle

15 күн бұрын

​@DennisTheJuniorMenace It's basically a way of saying developing countries without implying so much of a hierarchy that is implied with terms such as "the developing world" or "third world".

@tamdang8346

15 күн бұрын

​​@@DennisTheJuniorMenaceBecause simple pals these are propagandas, they group the collective West into North Group so that it wont be appear in the South group >> proceed not to talk about the North part >> show some countries in the South that reject the goods but failed to mention these nations are not too close to China either way. In a way making the problem looks slightly more relevant to magnify its fake narratives, spread fake anxiety about a problem that virtually no nation or people are noticing let alone care about it 😂

The fact that Australia and New Zealand are part of the “Global North” cracks me up

@scarletcrusade77

15 күн бұрын

The term is kind of dated tbf should just be 1st world nations

@sinoroman

15 күн бұрын

First world, second world, third world is an outdated system

@deservingcomplexionm8111

15 күн бұрын

It’s just some term that means country with white people

@germanius2286

15 күн бұрын

So we can now safely say that Australia and New Zealand are in the North-West

@giantWario

15 күн бұрын

@@scarletcrusade77 The term was invented precisely because people didn't like the term 1st world nations anymore.

In South Africa we've just added a 45% import tax on Shein and Temu purchases under R500(~$27) to protect local clothing manufactures and retailers.😂

@chinesesparrows

15 күн бұрын

Smart thinking to protect their economy. Reminder that CN has and continues to do the same too

@MachFiveFalcon

15 күн бұрын

I'm so excited for South Africa after the recent elections. The ANC is finally starting to be held accountable by voters for its corruption!

@gabgames9025

15 күн бұрын

Here in Brazil, there's going to aprove a law taxing under R$50

@stefandebeer9375

15 күн бұрын

@@MachFiveFalcon The only problem is that the 1st sitting of our parliament is on friday and an agreement has to be made by then. If we don't elect a speaker and a president then election will be held in 90 days. Our parties have ~2 weeks to form a government before our 1st parliament sitting. That isn't a lot of time compared to have much time other EU countries have to negotiate which is usually takes months. 🤞🏻 for an ANC+DA+IFP government.

@dsdgdsfegfeg

15 күн бұрын

South Africa also needs to fix its Russia/ANC problem, Russia uses SA as toy

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@ScottLarrry

15 күн бұрын

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

@LeahLewis-ny9iu

15 күн бұрын

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

@AshleyKeith-vw7ws

15 күн бұрын

This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

@LeahLewis-ny9iu

15 күн бұрын

@@AshleyKeith-vw7ws Just research the name Desiree Ruth Hoffman. You’d find necessary details to work with a correspondence to set up an appointment.

@AshleyKeith-vw7ws

15 күн бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

Mexico joining the anti-dumping group is a god send for the US.

@ericktellez7632

15 күн бұрын

Meanwhile China is currently building a BYD manufacturing plant in Mexico.

@williamcondon7729

15 күн бұрын

As long as Mexico and the USMCA protect workers rights then there should be no issues.

@rogerbartlet5720

15 күн бұрын

Sort of, yea

@KingLutherQ

15 күн бұрын

When the factory is in Mexico, the product is no longer Made-in-China and employs Mexicans workers and under Mexican regulations agreed on by NAFTA. Meaning the factory will subjected to minimum salary wages, medical benefits, taxes...etc. We in the NAFTA alliance (US, Canada and Mexico) are OK with this.

@TheDynamicmarket

15 күн бұрын

you can't allow china to become too powerful. but the us cannot be the world hegemon any more. balance of power and distribution of power among as many as possible is better than unipolarity or two poles.

For country that has a long history of isolationism, it's ironic that they cater to the international market as opposed to domestic.

@abdullahalkandari2976

15 күн бұрын

Everyone wants china's export except gender confused countries such as us and nato

@aceman0000099

15 күн бұрын

They do overcapacity cater to their own market, entire cities built in a decade left empty will show you that

@nntflow7058

15 күн бұрын

They are trying to have Consumption-based economy like the US or UK. But since wages are very low and their purchasing power is really low, it's impossible to transition to that. They have to kill their export industry overnight and switch to service based economy with large population who can't communicate in basic English and lack of knowledge about the world's market due to the Great Firewall the CCP enacted to its population.

@adamvifrye2690

15 күн бұрын

this is actually cyclical, this is a similar problem that the british had with china before the opium wars.

@nijadbahnam9859

15 күн бұрын

The domestic market is too poor, and the shrinking population makes it unstaintable . Exporting isn't sustainable either since many chinese sectors aren't profitable .

World: What kind of things can you manufacture? China: Yes.

@lunkycultist5519

15 күн бұрын

A daughter?

@Akash-hq3gs

15 күн бұрын

⁠@@lunkycultist5519if there are enough orders, yes 😂

@Booz2020

15 күн бұрын

Indoenshiyans : Trade With 🇨🇳, Free Palestine, URra Russia, Stop Using 💵 Also Indoenshiyans: Guys please, Move To BALI 🌏🤯

@SelfProclaimedEmperor

14 күн бұрын

​@@Booz2020no one wants to drop dollar or buy china garbage

@ProfessorFickle

14 күн бұрын

@@lunkycultist5519 : Savage! Yeah china is bad a making those !

Even South Africa is placing a steep 45% import tax

@Hali88

15 күн бұрын

yeh, it's interesting that some of the countries in the BRICS group which are supposed to be a political and economic counterweight to the G7 dominated by China (at least, in China's mind) are putting up tariffs on steel and other products

@Verita1975

15 күн бұрын

Standard import tariffs for clothing doesn’t matter if it’s from China or India or Brazil or Australia all are 45%

@climate-moneymakingcampaig305

15 күн бұрын

And its part of BRICS , those de-dollarization clowns in internet are living in metaverse

@agentmonde1

15 күн бұрын

@@climate-moneymakingcampaig305 😅 it's hilarious

@guardianoffire8814

15 күн бұрын

@@climate-moneymakingcampaig305 Still it would be nice if there was an actual international currency that is based on the whole world economy not controlled by single country that could weaponize it against others.

“Take a shot for every time the word overcapacity is mentioned”

@toyotaprius79

15 күн бұрын

Economies of scale **hic** 🥴

@BeltsuRR

15 күн бұрын

Wasted!

@fr2ncm9

15 күн бұрын

Yeah, I'm, overcaspity. *falls onto bed*

@lynth

15 күн бұрын

There is no overcapacity. China can't even fulfil its own national demand. "Overcapacity" is a Western propaganda myth (just like 99% of all other negative things the West ever said about socialist countries). The real reason "nobody wants" China's products (everyone wants China's products except the dictators of Western anti-democratic regimes) is because the collective West's elites require capitalism to persist... but when people wake up to the fact that China's system is better and offers better goods and services at a lower price and faster pace, they will realize that capitalism is bad and demand China's system.

@thetwerkingclass5167

15 күн бұрын

And now my liver is at overcapcity 😵‍💫

5:26 Brazil didn't raise taxes for china imports. It raised taxes for imports across the board, period. From every single country, including China obviously.

@markbantz9699

11 күн бұрын

So that includes China,correct. Thought so.

@JonySmith-bb4gx

11 күн бұрын

​@@markbantz9699 negligible for china

@ConstantChaos1

10 күн бұрын

And is china part of Brazil? Come on you're so close to figuring it out! If they are taxing all imports from foreign nations... and china is not a suburb of Brazil... then what does that mean for tariffs on Chinese imports?

@JonySmith-bb4gx

10 күн бұрын

@@ConstantChaos1 china best nation. Brazil as well accepts that.

@JonySmith-bb4gx

10 күн бұрын

@@ConstantChaos1 dude u are racist towards Chinese Sit down

Here in Australia we love the influx of Chinese EVs that are forcing other manufacturers to you know… compete. Prices are falling fast and people are realising just how massive the margins on EVs have been given the $15k price cuts on some models. We don’t have a domestic car manufacturer so it’s no skin off our backs

@Johntor8888

11 күн бұрын

Now you know how much margin that BMW, Toyota even Ford get. But every time china drop the price even Toyota can follow.

@geoffreystone4849

11 күн бұрын

Beware, as you can't get spare parts for these EVs. When it comes to sell them the trade in value won't meet your expectations. Car dealers can't resell them. They dont want the worry of warranty for a battery costing 50% of the car. Add to that battery technology is advancing and lithium batteries are old hat.😢😢😢

@borghorsa1902

10 күн бұрын

West, USA and Europe should stop all Chinese trade - in the long run you pay with your lives for supporting China with trade. Everything you will earn with China you will lose when China supports Putin's invasion of Europe and USA. Europe is already threatened and is forced to quadruple it's military budget, the same with USA. China's support of Iran and Russia have destroyed global peace and security and will cost us tens of trillions of dollars of additional military expenditures and perhaps a few hundred million lives lost in a future war. The whole concept of global trade with totalitarian hellholes is inherently flawed because all the benefits are temporary and the risks are truly existential. West should totally isolate from Russia and China and live well without Chinese products and Chinese spies in our cities

@Anthony-uu2tk

10 күн бұрын

@@geoffreystone4849 And Chinese EVs aren't the best already lol

@noname-dk7ri

9 күн бұрын

@@Johntor8888 Tip: "Labour costs".

But if you look at the history, UK had overcapacity as well and it used its weapons to force the other countries to accept their products.😅

@noname-dk7ri

9 күн бұрын

Yes, so I fear that there will be wars in the future.

The most ironic thing ive ever seen was the YT ad for this video was Temu 😂😂😂

@boiscooka232

12 күн бұрын

Temu was nice

From July 1st, South Africa will tax all products from shein and temu at the same rates as local operators

@spaceman69

15 күн бұрын

Its more of a loss for the consumer. Rich people arent really buying from shein its mostly the middle class that are and now have to pay more if they want. The talking point is "to protect local business" but its to actually maintain the wealth and power of the local aristocrats that control the government. They dont want to cut their profit to compete.

@MrAdeelAH

15 күн бұрын

​@@spaceman69those sites basically export actual waste. Won't be missed. Better for the environment to ban that junk.

@seymorefact4333

15 күн бұрын

..those S African companies are Chinese companies! Africa would rather be slaves to US and EU?

@dallysinghson5569

15 күн бұрын

@@spaceman69 Shein and Temu are relatively recent, the middle class were doing fine without their goods, why is it a problem now if they're being made to pay normal prices instead of undercutting their local workers? Say they start buying the cheap crap, then their local economy suffers as they can't compete with the cheap subsidised crap from abroad. Now what?

@chinesesparrows

15 күн бұрын

@@spaceman69 no one misses things that look good only on the ad

Even the most staunch capitalists and free marketeers call for restrictions and tariffs when it hurts their own pockets

@Volga_149.20_kHz

12 күн бұрын

they can't compete with China so they made up 'overcapacity' problem 🤣

@samuela-aegisdottir

11 күн бұрын

The problem is that China is unfairly subsidising their products.

@Volga_149.20_kHz

11 күн бұрын

@@samuela-aegisdottir how much federal subsidies Tesla and GM received?

@I_am_somebody_1234

9 күн бұрын

​@@Volga_149.20_kHz Its hard to compete with a country that does not employ the same ecological and human rights procedures. Western companies have to compensate their workers fairly and dispose of their waste properly, Chinese companies do not. This makes western companies uncompetitive against Chinese companies that dont have such limitations and sometimes even get subsidies from Beijing to keep their prices low...

@marlcastro4352

9 күн бұрын

Hurting their pockets better than shutting down their local businesses and rely big on importations that has long term negative effect or disadvantage in the future isnt it?

In Thailand i see no sign of avoidance or rejection of Chinese goods or tourists.

@00110000

15 күн бұрын

There's been some talk of tiny penalties, but yeah it's hardly enough to stave off the incoming flood of cheap goods. Not surprising though. Thailand's elite are known for being Chinese bootlickers.

@chinesesparrows

15 күн бұрын

Because they are getting paid lol

@DonnyTheButterlord

15 күн бұрын

Bullshit, i hear people shitting about tourists everyday. Chinese products are cheaper,which for us is good enough. I hear about it all the time,everytime something turns out to be made in china theres a sigh but they don't wanna spend anymore so they just go with it

@lifeisameme8174

15 күн бұрын

You know they’re playing the neutral cards right? They also have Japanese goods and American goods flowing into the country too. All they want to see is getting cashflows from those countries.

@TheBooban

15 күн бұрын

Thailand has no industries, that you see, that needs to be protected. But they are very strict to protect Thai jobs. No foreigners allowed to work. (well, not jobs that Thais can work at least).

I swear China's exports just hit a high recently

@Rok..

15 күн бұрын

And you know what hapoens after a peak.

@feralmode

15 күн бұрын

this is a propaganda channel

@megaponful

15 күн бұрын

That's because these type of pages have am Agenda to push. A country for example raising tax on Chinese imports on certain goods to protect domestic production is suddenly seen as "China falling out" with said country which is simply not true. China still maintains great relations with the most of the Global South.

@chinesesparrows

15 күн бұрын

If you actually trust their infamous statistics 😆

@porridgeramen7220

15 күн бұрын

yes this channel would have you believe China's economy collapsed fifty times in the last year

In Brazil we really want chinese products, but our government absolutely loves taxation, because they spend like hell. But the implementation of taxes was Very impopular.

@millevenon5853

10 күн бұрын

People want services but don't want to pay taxes. How else will you pay for health care, education and infrastructure for over 200 million people

@silasdedeus9555

10 күн бұрын

@@millevenon5853 the Brazilian government already have the highest taxes in ALL of latia America, and with the new reforms, It will be even higher. The problem is that the actual left wing government is a big spender in useless things, and also increased the público workers wage to become more popular, and also try to "protect" our industry, even If this industry refuse to modernize itself.

Ya politics are freaking out about the decline of their domestic manufacturing industry. An industry that doesn't get any government stimulus and that they intentionally ran into the ground in favor of corporate greed in the 1980s.😂

@carver3147

15 күн бұрын

Hilarious really, they're trying to give CPR to a skeleton to pretend they didn't kill them

@lynth

15 күн бұрын

The real reason "nobody wants" China's products (everyone wants China's products except the dictators of Western anti-democratic regimes) is because the collective West's elites require capitalism to persist... but when people wake up to the fact that China's system is better and offers better goods and services at a lower price and faster pace, they will realize that capitalism is bad and demand China's system.

@joaopedrosousa5636

15 күн бұрын

Brazil is similar, deindustrialization ongoing but they now put a tax on products from China, products which aren't even produced here. Effectively, the lobby wasn't from the industrial sector, but from the commercial sector. They want to buy cheap from China and sell expensive to us. Middle man parasites

@zandaroos553

15 күн бұрын

U.S. manufacturing doesn’t need more government money, we already subsidize it up the ass

@Gman99823

15 күн бұрын

Manufacturing has been expanding in USA for about 10 years now. One of biggest manufacturing expansions we have ever seen.

The sad part about Brazil is that a large amount of our domestic industry has already went bankrupt so those high taxes will only protect retail corporations. Also, domestic goods are so heavily taxed that even without Chinese cheap goods most new companies can't have a profit.

@felipequaresma4215

15 күн бұрын

Yeah besides i think they forgot to mention this isnt new by Brazil, like we tax everything no matter of its china or the west so that isnt “brazil falling out form the global south”

@okwatever3582

15 күн бұрын

It’s sad, that the govt and the big corporations have shenanigans and corruption infiltrated the country. Taxing everything, and the ultimate winner is the govt and big monopoly, rather than the citizens.

@Zergcerebrates

15 күн бұрын

Brazil could encourage Chinese investments and manufacture products there for the South American market.

@danielch6662

14 күн бұрын

Tariffs are a tool. A dangerous tool. It is a short term band aid, but left on too long can hurt yourself. A good example is the US steel tariffs. It failed to save the US steel industry, and contributed to the devastation of it's shipbuilding industry, and is now hurting it's automotive industry. Managing the economy of an entire country so big is a very complicated and difficult task. And easy to screw up. Why are Chinese EVs today so cheap compared to American ones? Why does the US find it impossible to match China on price? It is easy to make accusations of dumping. But China isn't losing money on every car they export. It would be stupid for them to do so. But more importantly, I don't see a problem with us taking those cars. We will subsidize our manufacturers a little, keeping them alive, but with most of the manufacturing capacity mothballed, and we take those Chinese EVs in the meantime. If they stop the subsidy and raise prices, then we restart our local industry. If the US want to subsidize cotton and corn farmers and produce an oversupply, so much it cannot consume it all domestically, and have to export, other countries will take them gladly, and tell their own farmers to grow something else.

@felipequaresma4215

14 күн бұрын

@@Zergcerebrates it is something they have been doing, i think tldr forgot to mention it but even though the tariffs increased we also finished a bunch of economic deals with china to brind manufacturing here

CHINA export in May 2024 rose 7.6 percent beat expectations of 6 percent growth. This tell everything .

@ConstantChaos1

10 күн бұрын

Have you missed the part where they have been caught manipulating those numbers on literally every report? They were estimated by like every outside report to be under representing their export share by reducing it to as little as half the actual number, all that means is that after getting told off they decided to say it was higher, that is literally the only thing that tells us. Also these are NEW tariffs so they wouldnt be in that report there genius

@budisuwandhi6818

10 күн бұрын

@@ConstantChaos1 what the point ?. Those numbers were from Reuters poll , the western mainstream media , if you didnt believe it just ask Reuters.

@ConstantChaos1

10 күн бұрын

@@budisuwandhi6818 this data cant even he accrued via poll lmfao what?

@budisuwandhi6818

10 күн бұрын

@@ConstantChaos1 That why you call chaos , learn to stright yourself , you no brainer.

@ConstantChaos1

10 күн бұрын

@@budisuwandhi6818 is that supposed to be a coherent thought? Also my name is constant chaos because I'm a first responder as it says in my bio lmfao, any more deranged personal attacks in lieu of substantive and coherent arguments? please get psychiatric help.

That sweet moment when tldr say "it is important to not overstate this"

Wait, other countries are actually buying Chinese electric-vehicles?? Those things are an explosion risk, they are always catching on fire.

@edwardlaw797

Күн бұрын

Byd blade battery google it!

Overcapacity sounds better than dumping

@VodkaPandas

14 күн бұрын

No one would buy Chinese goods if other country can make it themselves and cheaper? Supply and demand, free trade please.

@dcc70

14 күн бұрын

@@VodkaPandas China has effectively weaponized free trade by systematically enslaving its labor force and trashing its environment, with the end goal of monopolizing all manufacturing industries. This recalls the excesses of unchecked capitalism in the early 1900s, before child labor and consumer protection laws were enacted.

@absentmindedshirokuma8539

14 күн бұрын

​@@VodkaPandasfree AND FAIR trade. We complain to china the same way we complain to japan before it and US before it. Stoo your victim mentality. This is chinese fault.

@VodkaPandas

14 күн бұрын

@@absentmindedshirokuma8539 No one complain about the US before, because if they do, they gonna coup the governement to sign a free trade deals, the west is angry because they can't get China to sign a plaza accord the same way they do to Japan and Germany in the 80s.

@Anonymous------

13 күн бұрын

​@@absentmindedshirokuma8539 China is selling at fair prices, the reason a few rich countries are complaining about China's prices are too low because they are rich countries! Most countries in the world are still poor, they find China's prices are still too high! China welcomes those rich countries to pay more if they want, China will gladly accept their money.

Probably worth discussing the differences in labor laws and regulations between China and the countries that have tariffs. It's pretty easy to undercut manufacturing in higher regulated countries in this frame of reference.

One month ago Russia imposed $10K "Utilization fee" for imported EVs (de-facto all EVs are imported from China). The "Utilization fee" will reach $20K in 2030 (at current exchange rate)

@worldeconomicfella3228

15 күн бұрын

There's absolutely 0% of love involved in the Russian-Chinese alliance. Especially the Russian side likes to say the Chinese in their face how much they hate them like today with that imperialist Mardan saying Russia should subjugate China. Not just that, I get the impression those typical Russian propagandists are actively pushing Europe for protecting their car industry. Really silly to see how one moment those propagandists are saying they're waging war with NATO while a few hours later they say things that are good for Europe's car industry. Not just that, I see Russian propaganda saying they rather have 5 year old European 2nd hand cars imported via Dubai over new Chinese cars or locally built Moskvichs which are Chinese cars built in Russia.

Chinese imports are low because of domestic subsidies and protectionism. Domestic Chinese goods are almost always cheaper than imported goods. Raising demand would mostly lead to more consumption of cheaper Chinese goods. Structural economic problems are not fixed by just increasing government spending

Hehe, Beijing complaining about protectionism, that's funny.

@RobertK-nn3hj

15 күн бұрын

What is funny ??? When the US, Europe and Japan were flooding China with their cars, we never hear about over capacity. So , when these countries produce in excess of what they produce it's not overcapacity !!!

@paulzhang1310

15 күн бұрын

yeah very funny ..... tesla ford gm and apple could sell their products in China freely

@lynth

15 күн бұрын

What's funny? China isn't a protectionist country.

@jamesclarke2789

15 күн бұрын

It is ironic isn't it?

@Booz2020

15 күн бұрын

Indoenshiyans : Trade With 🇨🇳, Free Palestine, URra Russia, Stop Using 💵 Also Indoenshiyans: Guys please, Move To BALI 🌏🤯

This is just a sign that the global economy is slowing.

@anjaspeer

15 күн бұрын

Or Chinas export capabilities/volume has outpaced demand in the rest of the world?

@nntflow7058

15 күн бұрын

No, these advancing developing countries are competing directly with China in terms of manufacturing (not all industry, but some). So putting tariffs and killing chinese imports to certain goods help prop up domestic manufacturing. This is happened for few years already in countries like Indonesia and India. They put high tariffs on chinese goods to prevent them from taking over the domestic market.

@HellBot-gi5si

15 күн бұрын

No Ivan. What China has been doing is product dumping into their markets. What nations are doing now is blocking or regulating how much China can sell into their markets. This is more like a fine tuning. We still going see a lot and I mean a lot of trade.

@chinesesparrows

15 күн бұрын

CN grew while heavily protecting their markets, now they are getting the same treatment from other countries. Nothing new here.

@dsdgdsfegfeg

15 күн бұрын

🇨🇳China bots will soon swarm this video with false information like the top comment. (And change the subject to imaginery US crimes)

You failed to mention the massive subsidies being given out by the CCP to Chinese manufacturers of these 'new productive forces', which sparked a lot of the push back from western countries in the first place. These subsidies also hurt poor countries by keeping Chinese prices artificially low to undercut and suffocate fledgling domestic industry.

@drunkenslav2334

15 күн бұрын

pretty smart eh?

@subotaiKhan

15 күн бұрын

Almost every country subsidizes its industries. The US subsidizes its indutries more than any other country.

@filiptang113

15 күн бұрын

And they are criticized for it

@saturationstation1446

15 күн бұрын

stfu about subsidies when literally every single major eurocentric company has to subsidize over 50% of its operational costs with government money that should be going to real human beings

@JeffPar50

15 күн бұрын

@@subotaiKhan Lol I would like to see some sources for that one chief. China gave its companies subsidies equalling 1.73% of GDP in 2019 according to the Kiel Institute. Other sources have claimed that Chinese industrial subsidies amount to somewhere between 1.5 and 5% of GDP. No other country even comes CLOSE to that.

Free trade. Who is always push Free trade?? Now no more after no competitive???

This video does not include the (up to) 38% price increasing tariffs on chinese electric cars approved recently by the eu

Although I agree it's best if we produce locally, export our strengths and import to make up for what we don't have, it just seems like a pipe dream. One general thing I see is that overall, developing countries are in effect willing to work harder to manufacture, while developed western countries just want to sit in an office. There could be many reasons, but one reason is that developing countries, in practice, have far less worker protections in place compared to developed countries leading to cheap labor. This is "good" for developed countries because at least it's not happening in their country. Developed countries might have laws in place to prevent importing goods that they believe are produced with unfair labor, but this feels largely virtuous as the market seems to find a way around it anyway. It's like we have stop buying the next iphone, or produce it locally so we can't afford it anyway.

@victortoba-ogunleye4056

15 күн бұрын

Developed countries just want to sit in an office is a dumb statement, Developed countries boast agricultural capacity we the developing nations could only dream of , construction is dominated by the developed countries, RAW scientific research is dominated by developed countries, just look at the AI boom, developing countries are going to gain nothing, we'll just be spectators.

Greece, Bulgaria, Belarus, Albania is Global North but Turkey is global south? Bruh...

I didn’t think you information is corrected. China’s exports increased to belt and road initiatives countries like Africa. Exports 8% china’s GDP from China to Africa. Just last year I heard exports increased to 17% china’s GDP.

Can anyone explain why Mexico is in the global south while Australia is in the global north?

@nenasiek

15 күн бұрын

Cause its not about geografi

@PAPO9609

15 күн бұрын

@@nenasiek So it´s about race perhaps.

@Greentrees60

15 күн бұрын

It is about income and institutions

@PAPO9609

15 күн бұрын

@@Greentrees60 Then why are Russia and eastern european countries in the global North? All poorer than México and with meager institutions.

@PAPO9609

15 күн бұрын

@@Greentrees60 So why are Russia and eastern european countries in the global North? All poorer and with meager institutions. Even compared to México.

So the word "healthy competition" is forgotten all of a sudden.

@birdstwin1186

12 күн бұрын

Yeah especially when the competition uses slave labor, has poor labor laws and is a communist dictatorship.

@davidb2206

11 күн бұрын

Inside China? There is hardly none. China puts a 3,000% import tariff on a simple Harley-Davidson the second it lands in China.

@samuela-aegisdottir

11 күн бұрын

The problem is that when China unfairly subsidize its industries, then the compatition is not healthy any more.

@maksimegaloman

11 күн бұрын

@@samuela-aegisdottir Define unfair subsidization? All countries subsidize their own. Or maybe it's western protectionism at play. Everything was fine when everyone dumped their production facilities in China and got cheap parts for expensive products racking up profits. Well, now we can get same quality products cheaply. The tariffs are there not to stop export, but to fill up state coffers at the expense of the consumer.

@davidb2206

11 күн бұрын

Where is my literate, polite, benign comment? (I do NOT like or subscribe to any channel on which my comments disappear and free speech is not honored and respected.)

“Be greedy when the others are fearful”

Funny, I read that their export raised by around 7% in May thanks to the Global South !

@ayarzeev8237

9 күн бұрын

Someone didn’t watch the video

Do we really have an overcapacity problem when it comes to renewable energy, batteries and EV's? Surely we need to be accelerating the green transition.

@animusadvertere3371

15 күн бұрын

EVs are not green

@highbread817

15 күн бұрын

There's a good reason why people do not want their domestic markets flooded with cheap Chinese cars. Especially Europe and America.

@dzonikg

15 күн бұрын

EU say how Chines EV are 2 cheap while EU selling basic EV cars for 50 000 euros ,CHines cars are not cheap is that EU cars are insanely expensive .ANd whats with that VW ID3 cost 3 times less in CHina then in EU

@sashakarasawa5794

15 күн бұрын

@@highbread817what about expensive Chinese cars? Or it’s just a Sinophobia problem

@Hali88

15 күн бұрын

@@animusadvertere3371 maybe not but they are greener than driving an ICE car. Obviously not as green as walking or cycling but that's not a fair comparison.

After the video Temu's song rolls up 😂

The perception I have is that the global market is like a big poker table, where China plays so well that all the other players have to team up against it, otherwise it will take all the chips from the table.

@Zergcerebrates

15 күн бұрын

Indeed, only the losers cry about overcapacity and slapping on tariffs.

@innosam123

15 күн бұрын

@@Zergcerebrates When the government is subsidizing industries, not really. If every country subsidized everything to maximize capacity, then they’d all price war themselves to the ground. And it’s not like China is above protectionist trade wars either. Ask Lithuania or Australia.

@SelfProclaimedEmperor

14 күн бұрын

It's not about being good at the game, it's about cheating. Using slavery

@hasanpasha01

14 күн бұрын

​@@SelfProclaimedEmperorCope.

@Little-chilli

13 күн бұрын

@@innosam123 Lithuania and Australia are not economic problems because they have touched the political red line of the Chinese government.

I didn’t think you information is corrected. China’s exports increased to belt and road initiatives countries like Africa.

As a South African I say sa manufacturers must lower their prices and start competing. We buy China coz it's cheap and value for money. Local manufacturers should make cheaper stuff, these policies always seem to favour big business, never the consumers. I don't understand how citizens can cheer paying more. China isn't the problem in SA, high prices in SA are. Solutions should not be to kill the customers to pay more, the solution should be to make local manufacturers make more affordable staff, this will increase demand

Free trade is over. Countries either need to take up protectionist policies or be left behind.

@zurielsss

15 күн бұрын

We are moving to friendshoring, the factories are not coming back en mass. They are moving to friendly markets

@khanhnguyen-tt3ff

15 күн бұрын

You have no idea what that even mean lol. The whole point of protecionist is to be left alone or left behind. Plus we have example of frail protecionist policy failing country in the last 30 years example mao China, ssr,Cuba, Vietnam. The west is not going to protectionist they are trying to go back to setting up their sea route strade network where they can control the flow better instead of relaying the gobal trade network. The only one that have it set up are the USA with their squad, and the cusma trade deal

@alexcovey1200

15 күн бұрын

@thisbarb I'm talking generally.

@MrAdeelAH

15 күн бұрын

Addiction to Chinese disposable-quality goods is the biggest mistake of a generation. We got cheap junk and microplastics in everything for what?

@caryandrae9952

15 күн бұрын

free trade was western countries excuse to invade and dominate other developing country's market cause those were protected and the west call for globalization and then their companies dominate those markets. Now the tables have turned and someone else is playing their game better, suddenly it is "they are cheating", "overcapacity" and "we must protect our domestic industry". Just laughable. doubt those western companies cared about those developing country industry when they are the "champs"

China has many strategic competitive advantages. China strategic competitive advantages are as follows: political, social, medical, economic, education, engineering, manufacturing, supply chain, etc., Because China has lesser social, medical, and political issues, it can and continues to learn, grow, and mature as a world leader. China’s philosophy, vision, mission and culture focuses on science, engineering, manufacturing, supply chain, education, skilled workforce, etc., China’s focuses on the people-its leaders focuses on the Asian philosophical strengths and they practice the best characteristics of the socialist, capitalist, democratic, and other government systems.

"Why water isn't wet." 😂

There was a moment when US had similar overcapacity while its trade partners either started to protect their markets or were too poor to import. It led to the crisis of 1929.

0:14 - 0:16 - isn't Janet Yellen Treasury not Trade Secretary

@loganwolf8081

14 күн бұрын

Correct! We don’t have a “Trade Secretary”. We have Treasury Secretary which is Janet Yellen, a Commerce Secretary which is Gina Raimondo, a Trade Representative which is Katherine Tai.

@winfriedbij684

14 күн бұрын

The problem is "money". China earns too much, and the US too little. It was the same problem with Germany, but that country is now in tatters due to the was with Russia.

Two notes: 1. I see no solidarity among BRICS here 2. Paying workers more in order to develop the internal market and absorb some of the overcapacity would create a larger middle class, and classes above survival level are usually difficult to control, see France 1789

@horaciolena9616

15 күн бұрын

Hey, man, maybe your are not aware of, but china has acomplished the biggest social ascending movement in human history: 800 million people out of extreme poverty. By the way, paying atention to US-Europe comercial fights gives you anything but a sense of "solidarity". 😂

@merrymachiavelli2041

15 күн бұрын

@@horaciolena9616 Out of poverty is not the same thing as comfortably well-off. In GDP per capita terms, China is still a relatively poor country, slightly poorer than the world average. You could make the argument that most Chinese people still don't feel economically secure enough to take serious issue with the political system. That being said, revolutionary France is probably a bad comparator - France in 1789 was still an _extremally_ agrarian, poor society by modern standards, like any other pre- or early- industrial economy was. The only countries around today that even vaguely compare are the very poorest in the world, like Burundi.

@orpheus3357

15 күн бұрын

Because BRICS is a complete joke and only exists in theory.

@vinicius_teodoro

15 күн бұрын

@@merrymachiavelli2041 GDP per capita is an absolutely useless metric as it does not account for regional differences, the vast majority of the Chinese population are middle class citizens, who are just as "well-off" as any other high income country: they have universal access to healthcare, world-class universities, not to mention the huge real estate market, all those are more reliable indicators of the Chinese population's economic standing than GDP per capita...

@eddietat95

15 күн бұрын

From energy to tariffs to Ukraine and now overcapacity, there's really very little that BRICS is working together on outside of photo ops. Each of their own, highly unique internal problems don't coincide with any of their other BRICS partners' national self-interest. One partner needs high gas prices to make their gas exports more lucrative (and to fund a war), the other wants them low to stimulate a flailing post-COVID economy. One partner wants to destroy the American economy for nationalistic purposes (and to end a war), the other wants to preserve the American economy for trade and market access.... no one is on the same page, so nothing can be done.

Protectionism is done all the time by big economies (including western) to smaller countries, it simply doesn't hit the news too often.

I hold protectionism in disdain. I could go for rules ensuring the quality of imports from China as well as more transparency, civil rights of their workers, and environmental protection.

Developing countries (and european NGOs) have complained about overproduction of agricultural products from Europe and USA, driven by government subsidies and protectionism, which cause imbalance in those markets, among other practices.. what have EU and USA done? Nothing. They are always very good at telling what others must do.

@staskozak8118

15 күн бұрын

so if you don't like something, then introduce import taxes, as the USA and the EU do.

@andrevc85

15 күн бұрын

If taxes would totally neutralize subsidies (and other unfair practices) then why US still complains about china's overproduction? isn't taxing enough ? Subsidies are often deemed illegal in the WTO because they disrupt markets as gesil commented.

@marczhu7473

15 күн бұрын

If there is overproduction, there's no need to create home factories producing the same goods; it's simply logical.

@worldeconomicfella3228

15 күн бұрын

Well, the EU and US can decide to become more reliant on African and Latin American food, but Africa and Latin America shouldn't be surprised if they'll use military force if they dare to use food as a form of blackmail or allow the EU and US to starve when their harvests are bad. IMO everyone should take their agriculture seriously and invest in the domestic market to make sure starvation is prevented. Cars are a different thing. People can live without them if necessary.

@gesilsampaioamarantesegund6692

14 күн бұрын

@@worldeconomicfella3228 Others matters are always "less vital" than ours, no? 😏

Wait a second, aren't China's exports up 7%?

@Uhusofree

13 күн бұрын

China’s exports are up only 7% but western countries’ cope 100% harder.

@argumentumadhominem3977

11 күн бұрын

as you can trust Chinese numbers.

@Uhusofree

11 күн бұрын

@@argumentumadhominem3977 ah the old “sneaky Asians” trope! So unique and creative, definitely not pathetic and craven. 👀

@argumentumadhominem3977

11 күн бұрын

@@Uhusofree CCP CHILL

@Uhusofree

11 күн бұрын

@@argumentumadhominem3977 cope harder 👀

Santa Clause has overcapacity yet no one complains there😂

It's important to balance your imports and exports, but it's also important to have global trade and the competition it brings. Mixing a small tariff on imports and subsidising your own production would be better than these massive tariffs. Another option could be to allow the Chinese companies to make factories in your country with local workers.

This video is away too bias.

Claiming that Chinese workers are not paid enough as to consume more import goods is a fallacy. That could have been true 20 or 30 years ago, but the purchasing power of Chinese consumers has increased significantly over the last few years. A proof of that is the fact that China is the biggest market for hi-end brands like Apple, accounting for their 30% total revenues (let's agree that Apple products are not precisely cheap, but curiously Chinese consumers can afford them), it is becoming an increasing and interesting market for luxury goods, including super luxury sport cars, luxury apparel, and other goods, and it is the main market every foreign producer wants to sell to. The so claimed "overcapacity" of China is due to the fact that it is a 1.4 billion people country that has well invested in educating its population and has taken them out of extreme poverty through an unparalleled industrialization process, largely supported by Western companies that moved their production facilities there due to the investor-friendly environment the Chinese government created to attract foreign investment and the low-cost labor force (at that time, not now). Today, China has not only became a producer of practically all kinds of manufactured goods you can imagine, but it is also extremely efficient in its supply chains and logistic processes, and that's why it has maintained its leading position as to top 1 manufacturer in the world. In simple words, they have the capacity to produce more than the world can demand due to their efficiencies, and they buy less from foreign countries basically because the other countries altogether have no enough capacity to produce what China demands, due to their inefficiencies. China alone produced 30 million cars in 2023, more than what the US, Japan, India, and South Korea -- the next 4 main world car producers in 2023 -- produced altogether that same year. The US, the second largest car producer in the world, only produced 10 million cars, one third of what China is capable of producing. And that production not only include Chinese brands, but also European, Japanese, Korean, and even American brands that produce some of their models in China. Why? Because China is more efficient and can achieve lower production times with lower costs without comprising their manufacturing standards.

@hkiran3742

12 күн бұрын

China social structure totally of opposite of what u praise from one child policy to no child policy. China economic boom was due to one child policy and now the same policy will doom China economy. A person with no family responsibility like upbringing of child can have good saving now good purchasing.

@6ghastlyghoul9

11 күн бұрын

China’s population is estimated to decrease as all populations in developed countries eventually do.

@JonySmith-bb4gx

11 күн бұрын

​@@hkiran3742source

@jellybee218

11 күн бұрын

The reason is simple. Pure jealousy and hubris of the west. China just can’t be right in the eyes of those globalists.

Pointing to a real or imagined adversary is an old trick to make people forget incompetent politicians that wage war instead of helping the poor.

For decades now i am left wondering: where do German export surpluses go? Who profits? Definitely not the majority!

"overcapacity" = economic efficiency = a sin if others do it

@jeremymanson1781

12 күн бұрын

Intentionally underpaying employees is not 'efficiency'.

@jurgbalt

12 күн бұрын

​@@jeremymanson1781 it is. not the one we would like to relive on us, but it truly is

@jeremymanson1781

12 күн бұрын

@@jurgbalt Well no point arguing over definitions of words. I prefer my definition and you prefer yours.

@JonySmith-bb4gx

11 күн бұрын

​@@jeremymanson1781that's USA

@JonySmith-bb4gx

11 күн бұрын

​@@jeremymanson1781that's USA

All makes sense. The reason why we, British people, should be happy with cost of goods going up over 200%-2000% over the last few years is because China is able and willing to provide cheap and affordable goods for us. And this is bad because our top 5%ers are losing money.

@thegreatdane3627

15 күн бұрын

and how will you afford those chinese goods when you no longer have a job?

@tru7hhimself

15 күн бұрын

@@thegreatdane3627 losing your job because of outsourcing wasn't a problem at all for western policians ("it's just the free market. people will have to adapt"), when european big businesses were still pocketting the profits in the 80s, 90s and 00s. now that chinese companies are not just supplying cheap parts but exporting on their own and getting the profits it suddenly becomes a huge problem. this just shows how our politicians don't give a fuck about our people and are only interested in the profits of the super-rich.

@WhiteManInAVan

15 күн бұрын

@@thegreatdane3627 well for a start our industry was sold off to America and other foriegn powers long before China became what it is. Second, India is a bigger foriegn power affecting British industry. Third, our industry will never recover as we have sold ourselves to the needs of America so unless they say we can start rebuilding our own industry, it'll never happen. Finally, we don't have many people that want to do the hard graft work or work for cheap, so buying British (or buying American) basically means paying alot more for what you want.

@voidoli212

9 күн бұрын

Finally someone can say this. If it wasn't for Chinese keep pumping cheap goods into international market, the western big bust would happen already due to the overcapacity of printing money. No quote needed, as it is definitely an overcapacity. My personal speculation is that back in 2018-2019, firms like Temu or Shein would not allowed to enter UK or US before the Covid overprinting.

A bit rich, considering how so competitive and affordable their EV industry is.

Thanks for the video. Product dumping should concern everyone with domestic industries.

The overcapacity charge levied at China is a farce, where was this when the US and the west dominated a lot of industries and boosted their exports as China is doing today?, when situation changes the west always cry wolf. The global south's reaction is properly in response to the west's position on this, I do see the need to protect their local industries as well but this has to be balanced out with getting the best for the counties between imports and expensive local production.

I guess us southeast asian aren't considered global south anymore, even though our trade and cooperation with China have increased dramatically, especially since Israel-Hamas war resumed.

@HellBot-gi5si

15 күн бұрын

Yes, China is product dumping into your country. That why nations are starting to limit how much China can sell into their markets. They are still allowed sell into their market but it is more regulated.

@verypleasantguy

15 күн бұрын

Obviously, you guys in the South East Asian region are now categorized as "Global South East Asia"

@Lee-pf6od

15 күн бұрын

Not sure what you're getting at. Increased trade (deficit) is a symptom of the problem, and Vietnam, Thailand Indonesia all have complaints about product dumping - which as detailed in the video is only a problem when paired with surging trade deficits.

@chinesesparrows

15 күн бұрын

CN protected and still heavily protects their market, everyone else can also do the same.

@oceanwave4502

15 күн бұрын

@@HellBot-gi5si America has a lot of powerful software and cloud companies. They dump their services to the world, making the rest of the world unable to compete with those. India also dumps their business-process automating services to the world, making countries like Vietnam unable to compete in this market.

Then again: “China’s exports grow more than expected in May, up by 7.6%”….

I wonder how this wave of protectionism will impact inflation worldwide…

Don't forget South Africa

@TheProfessor-tb6fv

15 күн бұрын

What about south Africa mara nawe 😓

@henryswartz8059

15 күн бұрын

@@TheProfessor-tb6fv South Africa is doing the same with Shein and Temu. China is taking job from our people in South Africa. Our textile industry is GONE and online businesses can't compete even with the help of corruption.

@dsdgdsfegfeg

15 күн бұрын

SA need to fix ur 🇷🇺Russia problem. They keep using you as toys, ANC needs to go

@henryswartz8059

15 күн бұрын

@@dsdgdsfegfeg I agree fully. ANC has thrown our foreign policy the door by cuddling up to their overlords in Russia. Should a global conflict breakout SA will be screwed one way or another.

@duncanharvey3959

15 күн бұрын

who care about south africa lol, go back to your farm

propaganda

@controllerplayer1720

14 күн бұрын

ok little pink..

@dieglhix

14 күн бұрын

@@controllerplayer1720 𓂸

@zacksmith5963

13 күн бұрын

​@@controllerplayer1720 prove him wrong China's exports 2021: $636B (all time high) 2022: $837B (all time high) 2023: $823B (30% higher than 2021. ..and an all time high in RMB terms) Colonist white media: no one wants to buy from China

When he says "overcapacity" take a shot. 😂

I think everyone older remerbers how electronic was expensive before China ,PC computer costed as new car

As a Mexican I see the exact opposite happening here. My city is filling up with chinese car dealerships, industries , chinese people buying real estate etc. And I live in Puebla. I can't imagine how bigger cities like Mexico city, Monterrey etc. are perceiving this. But it really doesnt bother me. On the contrary we welcome chinese investment.

@lynth

15 күн бұрын

This is just anti-Chinese disinformation, just like 99% of all other content saying negative things about China.

@deezeed2817

10 күн бұрын

This channel is a joke. China's co-operation with LATAM countries will only grow in the coming years and Mexico in particular will be the base in which Chinese cars will be manufactured and sent to the N American market.

We get it you got an agenda..

@jerryrichardson2799

10 күн бұрын

So do you.

@syohank

10 күн бұрын

@@jerryrichardson2799 sure my agenda is not to be intentionally lied by the media

@JonySmith-bb4gx

7 күн бұрын

​@@jerryrichardson2799 prove it. Btw china is best nation Arkansas ❤️🇨🇳

The PRC actively cultivates industrial dependency as a strategic policy.

Largest company in the world by revenue: Walmart Becaues, People do NOT want cheap stuff?!

We have Honda and Toyota factories here in Ontario. They create high paying jobs. BYD should be allowed to manufacture their products in the west but there should be protectionist measures for direct imports.

@Hali88

15 күн бұрын

yep, all the major car companies produce their cars in China with local partnerships to avoid tariffs, have done for years, about 30 years in the case of VW.

@heckmacbuff

15 күн бұрын

@@Hali88 and that's how they pinch the technology.

@worldeconomicfella3228

15 күн бұрын

That's what the EU is doing. BYD is able to produce in Hungary and the EU hasn't closed the borders of Hungary over this, despite Orban acting like a Russian/Chinese collaborator.

Turkey just added an EV Chinese tax

@Volga_149.20_kHz

12 күн бұрын

Turkey just applied to join BRICS

@JonySmith-bb4gx

11 күн бұрын

Those are not massive 100% tariffs

China ditching their giant property companies to the mud is one sign that they aware they need to spurt their domestic consumption. It's been a long time the Chinese citizen dumped their money in property sector. This made some problems such as property price hike, and unbalanced consumption sector.

What's happened to the world that your first model is called T10X? Bring back the honesty of Model A and Mark I, I say.

Here in Brazil, the Chinese E-commerce was committing Contraband and Tax Evasion 😂... They even created a scheme of lying the products description and price, even the name and address of the sender, so the Brazilian customs would consider the package as a gift from a Perso-to-Person (free of charges), not Business sells to person (Tax elegible) The scheme was so good, the Chinese store like AliExpress paid hundreds of Brazilian famous products review Channels and Influencers to attack Brazilian government regulation (Remessa Conforme)... But EVERYONE knew what the Chinese Online Stores were doing was Tax Evasion and Contraband. The scheme worked flooding the Brazilian Customs with so many small packages, the Customs wasn't able to check everything to apply proper tax and fines. They twisted Brazilian population to accept contraband from these stores and attack local stores that employees Brazilians 😂😂😂

@101-cesaraugusto7

15 күн бұрын

Tax evasion is self defense, contraband agains't a narcostate is the morally right thing to do. What do you mean atack local stores? Where do you think their products come from? China. Now we are just paying 4x to 10x more because of lobbying. Specially in eletronics. Now poor people can't buy basic things and they can't afford on the national stores.

@TheEmolano

15 күн бұрын

That's what happens when the legal alternative is twice as expensive. I'm not angaist taxing Chinese products, but we really should focus on lowering domestic taxes.

@migspeculates

15 күн бұрын

Muito legal 😂

@chinesesparrows

15 күн бұрын

Yes this is a well known tactic to bot post positive reviews with the "reviewer purchased product" tag

@raylee5030

15 күн бұрын

If China doesn't buy your beef, corn, soybeans, your farmers will go broke.

NZ and Australia are enjoying one of the cheapest (perhaps cheapest) EVs in the world due to non-discriminatory import duty...doing it bits for the world climate.

@jontalbot1

15 күн бұрын

Not Oz

@MildPsychedelic

15 күн бұрын

Bro no one in NZ can afford second hand cars nevermind EVs 😂😂

Why is turkey being talked about as being in the global south when it is clearly in the north. As is china for that matter.

China exports are roughly 4 trillion dollars in value with a population of 1.4 billion people. The Netherlands exports value of 1 trillion $ but POPULATION OF 18 MILLION PEOPLE.

Then why is Singapore's consumption lower than china as a share of GDP? Singapore also don't pay their workers enough?

@MrAdeelAH

15 күн бұрын

Tiny countries in general skew data. Ireland on paper has a massive gdp but it's just a tax haven

@eddyr1041

15 күн бұрын

The law of big numbers... natural law works here... Easier to manage singapore than 1 billion people

@00110000

15 күн бұрын

Lmao comparing a city-state to the secondmost populous country 😂

@dtmt502

15 күн бұрын

Singapore's export and import numbers are very close

@anthonyk423

15 күн бұрын

Singapore imports a lot thou unlike China. China is wants to sell sell sell but also buy a little as possible from the countries they’re selling to. Not to mention they’re stealing and copying western tech and selling it for cheaper or using it for their own benefit instead of paying for it.

"chili"?

@epikpapers1984

15 күн бұрын

Editor was feeling hungry for some chily i guess

@DanielVagg

13 күн бұрын

This guy is well known for not being able (or refusal) to pronounce any foreign words, including city a country names. Just take a quick look at the comments on any of the videos where he is the host.

@MeeesterBond17

10 күн бұрын

It's the British English way of saying the country name. Similar to how nobody in the UK pronounces a sibilant in "Brasil", calling it "Brazil" instead. I wouldn't expect a Chilean speaking in Spanish to randomly call the UK "The United Kingdom" and switch back to Spanish, I would expect them to say "Reino Unido". Language do be like that sometimes.

@DanielVagg

10 күн бұрын

@@MeeesterBond17 Is this the British version of "MURRICA"? 😂

@MeeesterBond17

10 күн бұрын

@@DanielVagg Claro que não, moço. Línguas são complicados, é tudo. Não vale a pena fazer demandas sobre pronunciação, a vida é tão curta.

Would it be more economically beneficial for regional powers for protectionist policies to be more widespread ?

The second I saw the video I knew they figured China's exports are limiting their own growth

Tell that to the Kenyan traders

@SelfProclaimedEmperor

14 күн бұрын

Chinese businesses men get hunted in parts of Africa, and don't get taken alive due to their theft

@lvseka

14 күн бұрын

Honestly yes. Nairobi CBD is these days a shopping centre of cheap Chinese goods and a few fast food restaurants sprinkled here and there.

The same week Turkey started taxing Chinese EVs and started talking about joining BRICS. Playing both sides again 😂

There is also an export tax rebate of upto 13%

Absolute bs

Gotta hate that term "global south"

@Nautiliam

15 күн бұрын

Why ?

@kendsplaining

15 күн бұрын

i love it . its a good description of world history and contemporary conditions

@chinesesparrows

15 күн бұрын

According to CN they are global south while they: boast they are 50 years ahead and landed a robot on the moon, have 2nd largest economy, and threaten neighboring countries to kowtow to their sea claims.

@davisdelp8131

15 күн бұрын

It’s doesn’t make sense because the global south is everyone literally everywhere but the west including Australia and new Zealand which are the most southern countries not to mention that Russia will be considered western allies by this term which they are certainly not

@chinesesparrows

15 күн бұрын

Well one country is calling themselves that while boasting they have the 2nd largest economy and landing a robot on the moon

So the Chinese works and I get the stuff. That is something i can stand by

Could someone tell me what the exact definition of overcapacity is in economics? Because I have only seen so many discussions on vague overcapacity issues without giving a definition or mathematical formula to convince the public?

No matter how protectionist trying hard to justify its protectionist policy, it is still a protectionist policy. With the same argument, France should not export its wine, Australia should not export wine its beef, Switzerland should not export its watch, Japan and Germany should not export their cars, USA should not export its soya bean, aeroplane, etc to China and other countries; France, Germany, Uk and Spain should keep all your airbus, the list go on and on

Another reason for the overcapacity is the failure of the expected Chinese Recovery from post COVID and thus a lack of demand from within China. Bogged down by the property market issues and oversupply of educated young workers resulting in which peaked at 20% last year and was "redefined" by the CCP as 15%.

This is laughable. The US and the West, which don't produce much and rely on printing currency in exchange for real goods produced in the global South, complain that China produces too much, inventing the oxymoron term "overcapacity." In reality, they should be talking about the global North's parasitic undercapacity while enjoying lavish unearned wealth through reserve currency, the Petrodollar, financial neo-colonialism, and uneven exchange. How about developing their own production capacity and internalizing depletion of natural resources, pollution, and real cost of labor instead? The FREE TRADE was working fine for the West as long as its multinational corporations could come and destroy local economies and until China became a competitor. Now, they are installing 100% tariffs, precluding access to the resources, and waging economic war - because the West can't compete at anything but the parasitic financial Wall Street and Real Estate. Stop spending a trillion dollar per year on military and spying, stop invading, bombing, sanctioning, killing, starting, stop feeding the oligarchy, start funding domestic social programs, start producing. Pittiful mouthpiece of the oligarchy.

@Vhlathanosh

12 күн бұрын

Wish I could give this more likes. I think most Europeans are under the impression the global South like their governments when the reality is so much different. The global South would rather deal with China than the US.

@ramonvaldez1227

11 күн бұрын

@@Vhlathanosh Wtf, no... no thanks

China made EVs are far better in technology than any American or European car manufacturers. They are offering good quality at competent prices.

@truthboom

12 күн бұрын

I mean China got additional boost from stealing trade secrets

Leaders of the global south are lining up to visit China. Do they visit to complain?🤣🤣🤣