US Treasury Secretary Yellen faces tough road on China's excess capacity problem • FRANCE 24

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US Treasury Secretary Janet Yellen arrives in China's southern factory hub of Guangzhou on Thursday with a tough message to Chinese officials: you're producing too much of everything, especially clean energy goods, and the world can't absorb it. China is unleashing a flood of electric vehicles, batteries, solar panels, semiconductors and other manufactured goods onto global markets, the result of years of massive government subsidies and weak demand at home. FRANCE 24's Yena Lee reports from Beijing, China.
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Опубликовано:

3 апр 2024

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Комментарии : 129

@keli4068 3 месяца назад

it's not a China's excess capacity problem but a US low quality and high cost problem

@jogana6909 3 месяца назад

There are not enough talents in US to revive the manufacturing industry. How easy it is to print money, how tired it is to open a factory, and the best people in America have gone to finance. China can only bury its head in developing manufacturing.

@happymelon7129 3 месяца назад

😆Current world biggest excess capacity problem --> U$D unlimited printing.

@mengreat6982 3 месяца назад

Of all the opinions worldwide I've seen, yours is the right answer. Bravo

@vlhc4642 3 месяца назад

Simple solution to America's inflation problem: bank account of every American gets reduced by 75% overnight.

@abdalazeemal-mashaqba6600 3 месяца назад

@@vlhc4642 nah they can't anger the rich 😂😂

@yunshenghe932 3 месяца назад

Japan and Germany are still exporting a lot of cars, do you call it overcapacity?

@spider6660 3 месяца назад

They're in a much worse situation than China as Germany M.PMI is only 41 which China is 10 points higher.

@yunshenghe932 3 месяца назад

@@spider6660 German should thank Americans for that.

@maxhuang2254 3 месяца назад

The issue of overcapacity is directly related to whether the US military is stationed in that country.

@fishingphill 3 месяца назад

Once again the audacity of the US. The US doesn't subsidies US businesses, come on. Every country does it to some extent. Also the middle class in America is shrinking, people have to work multiple jobs, one of the worse health care programs in the world. Infrastructure is under funded and they believe they have the right to tell, not just China but any country in the world how to run their affairs. The days of the US telling the world what to do are well and truly over.

@cerruti1881au 3 месяца назад

The US Chips Act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China.

@craig3949 3 месяца назад

Stop crying about USA and kissing China because your a baby 😂

@JogBird 3 месяца назад

if their cars meet our safety standards, they can dump them here.. the average price of a new car is already $50k and climbing every year

@samsonsoturian6013 3 месяца назад

Chinese cars don't even meet China's safety standards

@user-os7ps2bx4n 3 месяца назад

中国的普通家庭购买油电混动车，现在也就是1-3万美元就能买到完超传统燃油的老爷车了。

@xmen2130 3 месяца назад

You mean like Boeing standard?

@amandagrant4331 3 месяца назад

After the introduction of China cars in Australia, the prices of both EV and ICE vehicle have dropped, and consumers are the beneficiaries of competition (including those who have not bought China cars).

@jacksmith-mu3ee 3 месяца назад

@@xmen2130ok prove it . Show ncap ratings for byd .

@xmen2130 3 месяца назад

Excess capacity is just a camouflage for begging please buy our TB.

@epicsuper6775 3 месяца назад

Excess capacity for a company means that it produces more cars that it could sell, on the other hand, Yellen is saying Chinese cars are so good in values and many sold that peoples are not buying American cars.

@jaegybomb 3 месяца назад

As long as Amazon exists there will be a significant demand for Chinese goods. Not sure what a Chinese car is though.

@epicsuper6775 3 месяца назад

@@jaegybomb Just like 2021, Huawei phones were selling more than Apple. Now, 2024, Chinese BYD electric vehicles are selling more than Tesla. So, just like saving Apple by banning Huawei back at 2021, US is trying to save Tesla by banning.....

@amandagrant4331 3 месяца назад

In fact, up to now, China's automobiles have hardly been sold in the United States, but this would not prevent China from becoming the largest automobile exporter in 2023. There are still many countries in the world willing to buy China cars, while China Car Factory is trying to satisfy consumers.

@DW-op7ly 3 месяца назад

That’s because your US Government bans Chinese cars Even though China is now the number 1 automobile exporter in the world Something I didn’t think was possible 5 years ago

@avil8686 3 месяца назад

Excess capacity? Dumping? China's car price in Indonesia is near twice the price in China

@user-bm5tc4bb8v 3 месяца назад

The United States makes China sell more expensive.😂😂

@kenho-wr5ul2rh7m 3 месяца назад

price in china = cost of car + earning to factories + earning to chinese retailers price in indonesia = cost of car + earning to factories + transportation cost + indonesian importers earning + tariff + earning to indonesian retailers so that extra cost is transportation cost + indonesian importers earning + tariff + earning to indonesian retailers - earning to chinese retailers

@georgeeagle872 3 месяца назад

US pollies: it's all China's fault😢

@richiesd1 3 месяца назад

Mass production is how common people can afford items that were previously considered "luxury". That's what productivity is all about

@Ghandara-hg1gc 3 месяца назад

"Overcapacity" leads to lower prices which is good for the end consumer. What's the problem?

@amandagrant4331 3 месяца назад

The runner behind ordered the runner in front: slow down, or I can't catch up.

@ravikurup8350 3 месяца назад

The U.S has over capacity of debt problems and they want China to bow down. 😂

@happymelon7129 3 месяца назад

Translation: Please make your industries less competitive just so we had a chance on these new industries too. This is just stupidity at its finest. What happened to promoting green technologies?

@2010gq 3 месяца назад

China doesn't need US advise on how to handle their own economy, its more like the reverse. I think China need to advise Americans on how to run their economy to serve the the people.

@rudyalfonsus686 3 месяца назад

she comes to china for the delicious mushroom. everything else are excuses

@rizqi1179 3 месяца назад

"and yellowed her teeth" -Saruman.

@hylimm 3 месяца назад

Too much supply, price drops! Any issue w that? Can always sell higher if the consumers want to pay

@pekjinoei1042 3 месяца назад

Forget US, China must keep its progress in every field...

@hauyongchin4535 3 месяца назад

Isn't this world wants to wean ourselves off fossil fuel? I thought there is not enough pace/momentum in conversion to new energy sources or cars. Why suddenly a change of tone. I would have expected this rhetoric from Trump and other republican, but not from champions of renewable energy...

@amandagrant4331 3 месяца назад

When American companies win, they will laugh at their opponents; When American companies fail, they complain about the rules.

@JukeWoo9263 3 месяца назад

The U.S. Federal government gives up to $7500 tax credits (most EV buyers can get it) to EV buyers, and each state government subsidizes $3500 to $5500 (take California for example). So overall the subsidy amounts to about 20%, fairly speaking, if you buy a Tesla M3 or MY. This is way higher than the subsidy given by Chinese government as far as know. So the real problem is the U.S. EV makers earn too much in profit. Yellen, please, correct it.

@wf-mz8nk 3 месяца назад

While Janet Yellen complains about China's excess capacity and Americans gobble up Chinese goods, many in other countries more deprived are eagerly waiting for China to have excess capacities in as many areas where we cant compete on price, so that we can get to enjoy those goods too.

@delicatefragrance1325 3 месяца назад

Yellen can speak on phone no need to China

@yeetian2774 2 месяца назад

When China was making shoes and socks US never complained about “overcapacity”

@xgguo3531 3 месяца назад

Funny. In a free market, the output will be high when the demand is high. China is producing high volume of EV cars to meet local/global demand, is it a new defintion of overcapacity only when the west company is failing the competition in EV cars?

@lokechanmun8587 3 месяца назад

Isn't that is what capitalism is all about? The market will self-correct for supply and demand over time. Is the US still a capitalist country or an imperial power, go around telling what other countries should be producing and by how much?

@user-zf6zc5im1u 3 месяца назад

USA is United Socialist America, a Country worst than Communist

@kinsengchan8265 3 месяца назад

The US also have excess capacities - military equipment & bases overseas; better scale back before more wars & miseries are created to absorb these excess capacities.

@user-rk2do2zc6c 3 месяца назад

China wants to sell good EVs at cheaper price - and united states is fuming !!!

@joehuisoft1385 3 месяца назад

Can China tell France to change its industrial policies?

@newyear8961 3 месяца назад

The tariffs are paid by americans not Chinese's companies.The problem is that Americans still buy them but they are left with less money to spend. Americans are the ones being punish.

@venture7025 3 месяца назад

How about US excess capacity in wars and weapons?

@jerrygereden 3 месяца назад

How dare China let ordinary people afford to buy things 😂 in the inflation economy? Really lady?

@LuLong-kk8gm Месяц назад

Not much to do with capacity. Just a bitter divorce.

@donggencha1454 3 месяца назад

And reciprocal tariff will be good for US economy? And pro-free trade Jenet Yellen? Do you even understand what you just have said?

@andrewcampbell3100 3 месяца назад

GOODBYE 99 cent store in California :(

@SlimJim3082 3 месяца назад

Yellen yelling in China for more money

@edatmpa 3 месяца назад

Globally only 1 in 7 new cars sold are electric. As a percentage of the total number of cars on the road worldwide, EVs represent a minuscule percentage and have a lot of room to grow. There is no evidence that the world cannot absorb the volume of EVs that China is churning out thereby causing “overcapacity”.

@user-qf7ud5de9h 3 месяца назад

Full tilt

@musafawundu6718 3 месяца назад

The United States wants to dictate what China can produce and also decide what China can buy...

@cerruti1881au 3 месяца назад

This is so called (US) rule based order.

@jeffjeffery1124 3 месяца назад

Story of US bullying.

@daivietnguyen7289 3 месяца назад

The world is always hurrying for cheap goods and China is just so happy to reply !!! Nothing is more capitalism than that !!!

@Paul-H-Wolfram6608 2 месяца назад

While Yellen faces tough road on China's excess capacity problem, Americans faces tough road on high inflation, job loss, can't pay home mortgages, car loans and homelessness.

@HavingFunYet-zc8wb 3 месяца назад

Not her Problem ... 1 trillion a quarter is her issue [ Printing currency , thin air ] Compounded by an annual decline in RAW manufacturing .. steel ..ship building ...Assembly from a globe supply chain is NOT manufacturing ALL predicted 1971 ... Started to eat seed corn [ America went pure Fiat ] Basic math NET GDP = Gross GDP - [ Gross GDP * inflation ] ..as you see get poor each year

@consp51 3 месяца назад

When US wants to derisk, it is OK, when China wants to dedisk, "Stop producing high quality goods"

@DT-ww4gv 3 месяца назад

Ha, biden is going to do the same thing Trump did😂.

@seokoking6956 3 месяца назад

The US is not producing any EV or solar panels etc.

@marvinfok65 3 месяца назад

Yellen: China, your production is excessive! China: US, your money printing capacity is excessive!

@ozsharpener 3 месяца назад

It's all about the debt. Yellen is begging for China's mercy as the American oligarchs concluded that they failed to create another global financial crisis by interest rate manipulation, are on course to be forced to lower the interest rate and will therefore expect to witness an inevitable hyper inflation in the US. This trip is just one of the begging trips. Similar trips had happened for quite a few times in the past and will still happen in the future.

@mimimama-vt9hm 3 месяца назад

Global problem is US overcapacity of US printing money

@sinalbertckwong6406 3 месяца назад

...why the US is worried about China's overcapacity and cheap goods when the former is discoupling from the latter????😅😅😅😅

@user-zf6zc5im1u 3 месяца назад

United Socialist America strikes again 😂

@stupidburp 3 месяца назад

China’s economic crisis is not the problem of the USA. The manufacturing industry has already largely shifted to other countries.

@samsonsoturian6013 3 месяца назад

It can be. Look at Temu, literally a platform for ponzi schemes and counterfeiters. They sell as much as they can abroad, where Beijing is actively hoping consumers get hurt

@free_manipur_from_india 3 месяца назад

It is not China that goes to USA to beg for money.

@DW-op7ly 3 месяца назад

Huh??!! the Chinese purposely cracked down on their overheated real estate markets And are pushing the Chinese to invest in these critical technologies Which China already leads the world in 37 of 44 of those technologies

@spider6660 3 месяца назад

Better to say "cheap" manufacturing industries. China is now competing with Japan, US and EU countries.

@stupidburp 3 месяца назад

Not just the cheap industries. China's domestic steel orders are down by 95% for example.

@ds-kj8fq 3 месяца назад

I think janet yellen should be smart enough to know that china has moved on from the west .She should have realized this Before prime example?Why is russia so rich After so many Sansions that means china move on ,and investing else where i am not a politician ,but i use common sense

@obi-wankenobi5332 3 месяца назад

who cares what chyna thinks 😃

@billinsf88 3 месяца назад

It’s that old hag going to China to talk not the other way around 🙄

@mail4500-bx9lb 3 месяца назад

China USA relationship has gone beyond the point of no return.

@consp51 3 месяца назад

They do need each other! But US can only print, but China can sell to others.

@markosmataasii2000 3 месяца назад

@@consp51 Unfortunately US can't print that much anymore in the future... Lol...

@consp51 3 месяца назад

@@markosmataasii2000 that’s not true they can always prints. it’s is us the middle class will suffer the consequences. They will pull a government shut down in order to frighten to print more money.