Is China’s High-Tech ‘Overproduction’ Killing Jobs In The West? | When Titans Clash | Full Episode
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Published 2024-06-07
Who is right? Are we about to see a trade war erupt between EU and China, similar to what we had seen between the US and China?
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• When Titans Clash | Full Episodes
0:00 Introduction
02:49 Protests against China steel exports
05:27 Western leaders on overcapacity problem
08:21 Comparative Advantage
09:04 As China exports, US loses millions of jobs
11:16 The impending second China shock
15:55 BYD ascends
18:05 The history of China’s electric vehicle dreams
22:30 China pushes back against overcapacity accusation
23:30 Auto industry in Europe cuts jobs
25:15 A trade war between Europe and China?
27:33 Solar in China
31:04 US solar makers go bankrupt
33:09 Trump’s solar tariffs
36:26 China’s Ambassador to USA responds
36:55 China exports to the Global South
39:38 How did China dominate battery industry?
42:30 The role of state planning
44:42 China’s moment of reckoning
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All Comments (21)
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The US has an overcapacity of weapons. 😂
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Why they didn't blame China in the past decades when Chinese was doing hard and dirty work to produce low-end but yet cheap products?
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when you win : "free trade" when you lose : "that's cheating"
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All countries have overcapacity, that's why you export stuff...
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This reminds me of the Sino-British trade before 1840. Britain couldn't win over China in silk, porcelain and tea, so it started dumping drugs on China. When China started to ban drugs, the British used cannons to force China to buy their products. So Westerners are very experienced in fair trade.
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Blaming China is much much easier than improving yourself.🤣
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China is not overproducing, but rather over-efficient.
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China has been dominating this market while America was dropping bumps on poor people 😂😂😂😂😂😂
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The biggest overcapacity is US DOLLAR!
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West lost competition and started playing dirty tactics
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China’s ruling class learned from the painful lessons of the “Century of Humiliation”. At each juncture, China missed out of the past Industrial Revolutions. Hence, modernity was out of reach and it rendered the nation backward and weak. Chinese are basically hardworking and are fast learners with an average IQ of 105 and above (among the highest globally). Given a conducive environment and the right policies, Chinese tech can really take off and surge ahead. “Agricultural China” had been the leading economy for millennia and now “Industrial China” will take the world by storm. You simply cannot pull down a hardworking and innovative people. Period.
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When you have to tariff and ban your competitors products cause they're better and cheaper, you've already lost.
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US and Europe never complained when they dominated car sales in China
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China's EV export is 15 percent of it's output while Germany , Japan and South Korea export 50 to 80 percent of their output. Overcapacity ?
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Born and raised in Texas, I believe china is going to skyrocket past the US in GDP within the next 10 years. It's difficult for many of my friends to accept, but I see it unfolding. I started learning chinese last year to prepare.
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The G7 is suffering from over-anxiety that they may no longer have the hegemonic economic, military, and media position she enjoyed in the last 2 centuries.
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Messi should be blamed for over-scoring
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Don't Blame China Over Capacity because US/EU Cannot Produce Anything that is Cheaper and Faster in Delivery. BLAME YOURSELF
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I just don't understand this whole thing how can you blame your problems of manufacturing on someone modernizing and developing thiers better. It just doesn't make sense to me
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Pufffff..."overproduction"? Pathetic! That is called "scale economy"!
