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.
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
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?
@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".
@@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 😂
@@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.
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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.
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?
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.
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.
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.
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 .
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
@@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.
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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.
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 !!!
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
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.😢😢😢
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
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.
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.
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.
@@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?
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.
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
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.
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).
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
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 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.
@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...
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?
@@I_am_somebody_1234 "Its hard to compete with a country that does not employ the same ecological and human rights procedures." You were not having this perspective when you were making bank on those very same things at the beginning. You called the people who complained about this discrepancy in regulations; giving these companies a competitive advantage at the cost of fundamental rights racists, to shut down critic and keep your profits. Wonder what changed ... Could it be it's affecting you now ? Oh dear.
@@I_am_somebody_1234 Western countries don't do that either, but they're at least closer to it than China. A race to the bottom for standards would not be good for people.
Funny to see Ursula von der Leyen talking about this, when in fact Germany did this to the EU for almost two decades now, destroying the economies of many souther european countries. Also keeping labor costs as low as possible to keep outcompeting other EU states. So no one in Germany benefitted from it except large multinational corporations.
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.
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”
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.
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.
@@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
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 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.
@@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.
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.
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.
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
@@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.
the term “global south” isn’t really geographical… just like “the west” includes the UK which isn’t west it’s centre (as is france … and germany’s kinda east but part of “the west”) politics. not geography runs this world …
@@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.
@@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.
@@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.
@@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.
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.
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.
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.
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
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.
@@flubalubaful If me buying a chinese product makes my country face unemployment then so be it Keep your politics out of my wallet Free market . I can buy chinese products. If my economy is so screwed up that me buying chinese products create issues then tell your ceos to loose their belts I ll buy more chinese products. To hell with your politics
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.
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.
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 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.
Not as long as there are wars here and there and US are making sure it does so that military industrial complex, US's biggest exporter continues to do so 😁
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.😂
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.
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
are you a joke, right? you're not seriously arguing that China, a totalitarian country where there's no democracy, human rights, rule of law and who LITERALLY wants to invade Taiwan and genocides Uyghur Turks is better than the West?
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.
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.
@@PAPO9609 The Chinese have been responsible for some massive speculation bubbles in their homeland and major cities around the world. Especially in real estate. Whatever happens in Mexico I hope God guides them to the right path.
@@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.
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.)
So you're complaining that a communist country is overly productive? Haven't you previously told us that they just stayed at home and did nothing, wallowing in their perpetual poverty?
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)
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.
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 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.
The problem is not comparable one-to-one. UK had overcapacity but was getting outperformed at quality and innovation by Germany, hence WW1 and later WW2. China is not good at war and they know this. They'd prefer to wear you out economically, as they can outproduce most countries at a competitive level. The issue is if the US sees so squeezed that it needs to protect a market and exclude China from it - which may lead to a confrontation. BTW: The term "Made in Germany" was mandated by the UK government back in the day on German imports, so the British consumer could distinguish between the inferior German products and the domestic ones. Guess if a British consumer has to choose today between a "Made in Germany" car or one "Made in England" (if there are still any).
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.
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.
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.
@@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.
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.
THIS ARGUMENT IS SILLY, IF YOU TAX CHINESE EXPORTS BUT DO NOT TAX THE SAME PROFUCT EXPORTED BY OTHER COUNTRIES, YOU WILL NOT BE SAVING ANY LOCAL INDUSTRY, IS IT NOT?
“If Chinese workers are paid more… “ . This is ridiculous . It’s not about how much Chinese workers are paid but how much they want to spend on consumption. Chinese love working hard and … saving ! And the government doesn’t want to artificially stimulate that consumption . Very simple
Chinese solar panels have a Bad reputation. They normally aren't up to spec. (output) And they deteriorate very quickly. Panels that are supposed to last 15-30 years generally need to be replaced after 5+ years due to materials breaking down
@@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
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
That May jump was all people in China panicking and shipping all they had before tarriffs go into place . As fyi Mexico surpassed China as biggest exporter to USA late last year.
China never give real numbers. They never give proof of how they get these numbers. They pull them out their butt. It doesn't match anything that actually happening
@@Baoboi332 Yea and do you know why? Many Chinese factories relocated to Mexico, even their supply chains so they could export directly into America without paying any tariffs. Now American companies are doing near shoring and buying supplies from Mexico from Chinese companies.
As a Pole I had a talk with an entrepreneur last year. He said making deals in Africa is extremely easy if you're from central Europe. Africans hate western Europe for colonialism, they don't trust USA for being the global police, and they're waking up to China's scheme to control them. But if you're from central Europe, and tell them your history, they relate to being used, and that bulids trust quickly. The only issue is far more limited resources we have compared to USA, China, or even western Europe.
Wow I have just discovered that I have lived all my Life in the Global South , also I learned a New Concept today , also Overcapacity: " I cannot compete because I relocated all my industries to the "UnWestern" and now that they are more competitive than me I don't like it"
Not a single word about the root cause of over capacity, government subbsidies which include free shipping. Mean while there no free health, free school or even cheap basic serveces like trnsport or pensions or social security for the chinese peoples. Capitisam which depends on a humans greed to function is not present in the Comminist China econmic system. Indeed the CCP is stealing or taking large and small sucsessful businesses and transfering ownership to themselves that is the problem here, let alone the theft of interlecual property, from the west. Our econmic and polictical systems are just incompatable if you cheat and china CCP cheats steals, corrupts and intimidate as your political model it not good for anyone. Lets not even touch on there trying to steal south china sea or Tiawian. The CCP needs to be removed from the world trade system set up by the Western civilisation set up after world war two and isolated until either there is some form of REAL capatilism and democracy and rule of law or we are all lost.
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.
It's not freaking funny When their government subsidizes Some of this cheap shit they're trying to offer , Everybody's looking for an advantage But the chinese Have the chinese way of doing things , A fake and false g d p They spy they cheat they lie , They want to open companies books , But if you attempt to Competitively look at their books They say it's a security issue. The chinese have literally screwed themselves
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.
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.
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.
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.
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.
As a Chilean, it never ceases to be funny when anglos pronounce our country's name as "Chili"🌶 instead of "ChilE". I mean, I know we kind of look like a chili on the map, but still😂
Overcapacity is a common business term not needing quotes. After spending $100 billion pre-Covid to boost EV production, China is now on course to have enough LFP battery factories to supply 215% of global demand next year. Such government miscalculations leave Chinese producers desperate, and willing to sell at any price to try to stay solvent. This wipes out the entire industry for investment in other countries, as no return can be expected, and invites response by countries interested in having a piece of the pie for themselves.
This video title “Why China is falling out with the Global South” is untrue and misleading. If this is true, why is China the largest trade partner with over 100 countries and why the Global South countries are lining up to join BRICS? Some countries might be imposing import tariffs on Chinese goods to protect their local industries and this is no reason to slap the falling out with China label.
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.
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.
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.
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.
@@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 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.
And their EVs being powered by said dirty coal plants is somehow magically green. Especially as total environmental cost extracting, concentrating, processing the raw materials, then making into thousands of battery cells is more harmful than average ICE cars
@@nathanspreitzer6738 just look at cargo shipping you get no need to believe you just need to go to a port and know where it come from or what is the content.
"Overcapacity" - a brand new buzzword for desperate American politicians who are jealous of competence and productivity, and hate the very idea of free markets and having a serious competition. How low America has sunk.
