The US automaker has weathered a difficult EV transition, announcing US$19.5 billion in charges to overhaul its strategy Read more at The Business Times.
I did list specific examples. You claiming “China makes everything because Western companies sought to maximise profit. Costs go up, because the Western companies selling the Chinese-made product put the price up to maximise profit” is also a generalization that proves nothing.
In these industries listed, the Chinese government is subsidizing these companies so they can sell these products for a cheaper price than anyone else in the world and put their competition out of business, which is exactly why “they make everything.” Your argument is akin to claiming that the ever increasing wealth billionaires isn’t the reason why the average American becomes poorer each year, as if the two things aren’t mutually exclusive.
Capitalism dictates going with the cheapest price and China ensures it can always offer the cheapest price using their government’s deep pockets, but this isn’t sustainable forever which is why prices must rise once the competition is out of the way. They can then take this capital and repeat the cycle in a new industry.
How you can claim “yeah China makes everything but that doesn’t prove they take over every industry they move into” without any sense of irony is quite bewildering. There’s no secret knowledge or magical formula that exists only within the borders of China that allows them to undercut everyone else. It’s just a giant pile of money that allows them to do it.
I did list specific examples. You claiming “China makes everything because Western companies sought to maximise profit. Costs go up, because the Western companies selling the Chinese-made product put the price up to maximise profit” is also a generalization that proves nothing.
In these industries listed, the Chinese government is subsidizing these companies so they can sell these products for a cheaper price than anyone else in the world and put their competition out of business, which is exactly why “they make everything.” Your argument is akin to claiming that the ever increasing wealth billionaires isn’t the reason why the average American becomes poorer each year, as if the two things aren’t mutually exclusive.
Capitalism dictates going with the cheapest price and China ensures it can always offer the cheapest price using their government’s deep pockets, but this isn’t sustainable forever which is why prices must rise once the competition is out of the way. They can then take this capital and repeat the cycle in a new industry.
How you can claim “yeah China makes everything but that doesn’t prove they take over every industry they move into” without any sense of irony is quite bewildering. There’s no secret knowledge or magical formula that exists only within the borders of China that allows them to undercut everyone else. It’s just a giant pile of money that allows them to do it.