Comments by "D W" (@DW-op7ly) on "China's factories are closing down and moving, to other regions in China. Not to Vietnam or Mexico." video.

  1. India with a younger workforce, larger workforce and lower wages?? Had a 100 billion dollar trade deficit with China every year
    3
  2. India has a younger workforce, a larger workforce, and lower wages. But a 100 billion a year trade deficit with China China is investing heavily into clean, green, renewable And the best we can do is complain overcapacity Meaning our western Governments will do nothing. As this generations Sputnik moment 👇 JANUARY 30, 2023 3 MIN READ China Invests $546 Billion in Clean Energy, Far Surpassing the U.S. China accounted for nearly half of the world's low-carbon spending in 2022, which could challenge U.S. efforts to bolster domestic clean energy manufacturing Nearly half of the world's low-carbon spending took place in China, according to a recent analysis from market research firm BloombergNEF. The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. Scientific American 👇 Analysis: Clean energy was top driver of China’s economic growth in 2023 Other key findings of the analysis include: Clean-energy investment rose 40% year-on-year to 6.3tn yuan ($890bn), with the growth accounting for all of the investment growth across the Chinese economy in 2023. China’s $890bn investment in clean-energy sectors is almost as large as total global investments in fossil fuel supply in 2023 – and similar to the GDP of Switzerland or Turkey. Including the value of production, clean-energy sectors contributed 11.4tn yuan ($1.6tn) to the Chinese economy in 2023, up 30% year-on-year. Clean-energy sectors, as a result, were the largest driver of China’ economic growth overall, accounting for 40% of the expansion of GDP in 2023. Without the growth from clean-energy sectors, China’s GDP would have missed the government’s growth target of “around 5%”, rising by only 3.0% CarbonBrief
    1