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Louis Giokas
China Observer
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Comments by "Louis Giokas" (@louisgiokas2206) on "100,000 EVs Suddenly Turn To JUNK! China’s No.2 EV Company Goes Bankrupt! China’s EVs Have No Future" video.
Interesting to hear the sales target for autos in China. With almost four times the population they are projecting selling about 1.5 times the number of cars currently in sold in the US within 77 years.
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@BestMods168 Yes, I have seen it before. On the other hand, the issue is not fake though. Look at my comment below, As for the image, this is endemic on YouTube. After all, you have a bunch of amateurs doing this stuff. I am talking about being amateurish in videography, as opposed to their expertise in the subject being discussed. Of course, there are lots of people who make videos about topics they are claim expertise in and then show by their content that they are not. And that runs the gamut. The vast majority of videos where there are background images are not exactly fake in their content, but often the photo or video clip has nothing to do with what is being said. Sometimes it is almost humorous. Someone talking about the war in Ukraine showing background from other conflicts which may even be from different periods for example.
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Of course, the industry will fall apart. This is one of the most capital-intensive industries around. Note the word capital. Built by capitalists, not commies pretending to be capitalists. Don't confuse this with capital intensive infrastructure projects owned by the government (for example high speed rail). The Chinese government totally screwed this industry by offering direct to company subsidies. This is far from the only such failure in China. When you have a government interfering with market-based industries you will always fail. To some extent that is what happened with the financial crisis of 2008 in the US. That is also what happened to China's property market. Now, the auto industry. When will they learn?
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@alanwhite6293 Great point! Actually, I love these long-term predictions and plans. Just look at one short-term prediction. First the US was going into recession. For sure. It was just a matter of when. Now the consensus is that the US will not go into recession in the short term and medium term will grow nicely. Reminds me of a joke about economists, who are the ones making these projections. It goes something like if you ask 100 economists their opinion you will get at least 103 answers.
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