Comments by "D W" (@DW-op7ly) on "Detroit auto engineers tear down BYD's Seagull: "An extinction-level event"" video.

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  7. Btw What most people like you don’t get? Is it is mostly US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies mostly trade with their Belt and Road country partners these days These US multinationals are the ones sending you that junk These US multinationals are still using the same highly polluting labour intensive factories formula. As they were using more and more illegal labour in their Chinese factories, smuggled in from South East Asia. Or more and more automation in their wholly owned factories in China these days These are the same companies who got those trump Corporate tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales of their goods and services into those Chinese domestic markets in 2018 when trump started his trade war Same companies averaging 20% to 40% of their earnings from China whose high flying stocks are in your 401k/Pensions Same companies who the American farmer and consumer were sacrificed. So the USA could try and get “more” or “better” access for the US multinationals, into those Chinese Domestic markets during the trade war Same companies whose HQ is in a North American city you can easily go stand outside and protest at…. Why didn’t China pull the nuclear trade option and boot these US companies you might ask? For one, it would crash the US Economy And the Chinese don’t believe in a zero-sum game type of thinking As I can show you during the trade war. China didn’t pull out their big trade weapons, in fact they were lowering tariffs to most countries not raising them 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie. But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
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  10. Americans are so uneducated these days dont understand Purchasing Power Parity the Chinese are averaging over 820 billion a year in trade surpluses with the world. Most of that trade, even if it is not directly with America, will be in USD yet they are buying Gold with their surpluses instead, and have held at that 800 billion to 1 trillion in US Sovereign Debt for a few decades now Even though their Central Government is cracking down in real estate speculation Slowing down the economy? The Chinese people have added 2.6 trillion to their savings in 2022 And 1.8 trillion to their savings for first 10 months of 2023 The Chinese Government is actually pushing their people away from investing in real estate, and to invest in technology/industries instead. (What’s 4 houses vs 5 This is where China leads the world in 37 of the 44 critical technologies of the future already As they will pile even more money into these future technologies My prediction is the Chinese Government will have to step in and regulate yet another overheated sector (technology) in the future Where Blinken,Yellen & their successors will have to keep going to China to beg them not to dump their cheap high tech onto the rest of world Most people have no clue what’s coming, as they supercharge their exports with their new innovative high tech products 👇 Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn Dec 21, 2023 — Chinese households have added 13.8 trillion yuan ($1.89 trillion) The middle class is also prioritizing savings and seeking safe investment opportunities, according to the report. Chinese households have added 13.8 trillion yuan ($1.89 trillion) in savings in the first 10 months of the year, an 8.5% increase from the previous year. Pymnts
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  12. Good News For Chinese Homeowners: Premier Li Offers Some Clarity On Land Leases Mar 21, 2017 Chinese homeowners can breathe a little easier. Last Wednesday, Premier Li Keqiang said a real estate protection provision that would ensure individual’s access to property under a 70-year lease would be renewed unconditionally is being drafted. This will help to quell ongoing fears that wealth garnered from one generation will be removed after the 70-year lease ends by the government. And while this does not address the fate of 20-year leases, the precedent set in Wenzhou may be replicated in other areas. Residential land lease policy Chinese residential land is parceled out in 20- or 70-year leases. Home owners may own their apartment, but do not own the land it is built on, which belongs to the government. The question of how the land lease will be renewed is therefore a big question. While the 2007 Property law stated that the right to use residential land would be renewed at the expiration of the contract, it did not state how the process would be carried out or how much it might cost to renew the lease. As 20-year leases come due, homeowners want to know what to expect for the future of their oftentimes largest asset. This impacts not only bequeathing property to the next generation, but also selling property. The first 70-year leases are expected to expire around 2030. Reassurances on the longer leases from the central government follow after Chinese officials in the land ministry assured homeowners in Wenzhou, a city in the eastern Zhejiang province, last December that they would not have to pay a renewal fee to continue to use their residences after the shorter 20-year lease expires. The was a reversal of earlier statements that homeowners would have to pay a large fee of up to a third of the property value to renew. Wenzhou’s case was unique in that fees for property renewal were quite high; other cities, such as Qingdao and Shenzhen, experienced earlier lease expiries, but did not address the issue or requested lower fees. Wenzhou may set a precedent for other Chinese cities by waiving the renewal fee, albeit only temporarily. The lease renewal process matters How central and local governments shape the lease renewal process is critical in maintaining stability in property markets. I believe that the lease renewal process must be codified in a law to make it clear and consistent. Otherwise, a patchwork of policies among local governments, with regard to the 20-year lease, will sow confusion and create strong market biases toward cities with lower renewal fees. Furthermore, lease renewal should at least be affordable, although analysts hold various opinions as to whether or not it should be free. Notably, across China, 90% of households own their homes, and home ownership is especially important because there are few other reliable investment outlets available to households. Most individuals have not factored the cost of lease renewal into their home price, and a high renewal fee would present a large initial shock to home owners. Low fees are a double-edged sword Allowing homeowners to renew leases for a low fee or without paying a new fee is a double-edged sword, however, since local governments obtain funds from selling and leasing land. Abolishing the fees wholesale would result in a drop in much-needed local government revenue, which in some places is already insufficient to support the many services local governments are tasked with. A property tax would resolve this. However, such a tax has been in the making for the past several years but has yet to be implemented, most likely due to concerns that this would dampen the real estate market. China’s Vice Housing Minister, Lu Kehua, stated last month that China needs to “speed up” a property tax law, yet there was no discussion of this at the recent National People’s Congress. Previous experiments implementing a property tax in Chongqing resulted in confusion about how bills were to be paid and how they were to be administered. Still, potentially replacing land use fees with a property tax makes sense Forbes
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  14. What are you talking about the Chinese have a pension And they are transferring money and assets from State owned enterprises to fund their Pensions 👇 Through a central coordination mechanism, over 930 billion yuan ($147.58 billion) from the national pool went to make up for the shortfalls of local pension schemes last year alone. China's basic old-age insurance, a key program to ensure people's well-being after retirement, has been evolving to a larger-scale management system since its establishment in the 1990s. The central coordination mechanism was set up in 2018 as the first step prior to building a national system to further address unbalanced pension burdens nationwide. But issues deriving from disparities in regional economic development and demographic structure still exist. "Some regions have more surpluses, while the others with older populations are under heavier pressure to make pension payments," said Qi Tao, an official from the Ministry of Human Resources and Social Security. In 2021, over 210 billion yuan from the coordination mechanism went to the central and western regions as well as the northeastern "rust belt" provinces, as a greying population weighs on their pension payments and growing labor outflows squeeze pension income. Using a nationwide chessboard as a metaphor, the head of the China Association of Social Security Zheng Gongcheng said the new national system will make the pension benefits fairer. "People won't need to sacrifice their pensions for migrating to work, and retirees won't have to deal with the risks from local pension fund shortfalls." Qi said a mechanism that assigns the respective expenditure responsibilities of central and local governments on pension funds will be built after the national program comes into force and the central government will not roll back its subsidy to the pension funds. Apart from the coordination efforts and central subsidy, state assets totaling 1.68 trillion yuan from 93 centrally-administered enterprises and financial institutions have also been transferred to replenish the pension schemes. GOV . CN
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  18.  @Matthew_Loutner  this is the only comment you can be partially correct on Like I said these days the Chinese lead the world in 37 out of 44 critical technologies of the future While there is now 27 books series on what the Chinese invented in the past Which some might categorize we stole from them and gave our West the Industrial Revolution Where I view it? as we made incremental innovations to what was already invented by them What do I mean by that? Take for example the Rocket The Chinese invented the Rocket in the 12th century more rudimentary ones in the 9th century Now now nowhere do I say the rockets the Chinese invented are anywhere near what we have today. Thats because incremental innovations were made to the Rocket over the centuries to what we have today Just like in 2007 the Chinese designed a “type” of anti satellite rocket, that both the USA and Russians had not developed yet. I call that making incremental innovations to what was already invented Americans like you probably calling it stealing Because history only started for you a few hundred years ago 👇 'Wake-Up Call': China Leads in 37 Out of 44 Critical Technology Sectors, Says Report The Australian Strategic Policy Institute has pointed out that only seven of the 44 technologies analysed by its report are currently led by a democratic country, 'and that country in all instances is the US.' The Wire Staff Mar 09, 2023 New Delhi: China is far ahead of even the United States in conducting cutting-edge research in most critical technologies, especially in defence, space and security, a new report by a top Australian think tank has found. In the report published on March 2, the Australian Strategic Policy Institute shows that China has “built the foundations to position itself as the world’s leading science and technology superpower, by establishing a sometimes stunning lead in high-impact research across the majority of critical and emerging technology domains”. TheWire
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  23. Americans the f ache News used car salesmen these days 👇 Nine Chinese cars scored five stars in Euro NCAP in 2023 In 2023, Euro NCAP crash-tested 17 cars. Nine of them were Chinese EVs, accumulating over 50% of assessed vehicles. According to E-NCAP, Chinese manufacturers were anxious to prove their relevance to European buyers. They have achieved this goal because every evaluated made-in-China car got five stars.Dec 11, 2023 CarNewsChina 👇 Government data show gasoline vehicles are up to 100x more prone to fires than EVs New study shows EV fires are far less common than in gas vehicles. According to findings pointed out by AutoInsuranceEZ, vehicles that operate using gasoline are tenfold more likely to catch fire compared to EVs. Electrek 👇 You’re Wrong About EV Fires Gas- and diesel-powered vehicles catch fire way more often than EVs, but you wouldn’t know that from the headlines. Jul 11, 2023 Combustion-Powered Vehicles Are 29 Times More Likely To Catch Fire According to MSB data, there are nearly 611,000 EVs and hybrids in Sweden as of 2022. With an average of 16 EV and hybrid fires per year, there's a 1 in 38,000 chance of fire. There are a total of roughly 4.4 million gas- and diesel-powered passenger vehicles in Sweden, with an average of 3,384 fires per year, for a 1 in 1,300 chance of fire. That means gas- and diesel-powered passenger vehicles are 29 times more likely to catch fire than EVs and hybrids. Motor trend 👇 Electric Vehicle Fires: How Often Do They Really Occur? Should an electric vehicle catch fire, it is more likely to happen while being parked or during charging. And where there is electricity, there are potential ignition sources," says Egelhaaf. However, the electric vehicle itself is rarely the cause." The cause can be an improper charger or that the building's electrical installation is not designed for charging electric cars," explains Egelhaaf. Dekra
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  24. China is pivoting to green clean renewables etc etc etc away from real estate and speculation America complains China subsidizes well duuuuuuh America was complaining Chima was the worlds biggest polluter Now they are throwing even more money into clean,green, renewable etc etc 👇 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
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  27. How long do electric car batteries last? What 6,300 electric vehicles tell us about EV battery life Last updated on May 31, 2024 How long do EV batteries last? According to research from Geotab, the simple answer is that if the observed EV battery degradation rates are maintained, the vast majority of batteries will outlast the usable life of the vehicle and will never need to be replaced. Based on data from over 6,000 electric vehicles, spanning all the major makes and models, Geotab finds that EV batteries are exhibiting high levels of sustained health. Across all vehicles, on average, an EV battery degrades at 2.3% per year. Do electric car batteries wear out? Of course, like all batteries, they will eventually wear out, but in most cases, this will be long after the vehicle’s life-cycle is complete. See also: To what degree does temperature impact EV range? Do electric cars lose range over time? Technically, yes. What this means for an electric vehicle’s range is, if you purchase an EV today with a 150-mile range, you would lose about 17 miles of accessible range after five years. This decline is not likely to have a significant impact on most drivers’ day-to-day needs, but it is a factor fleet managers will need to consider when it comes to maximizing the value of their EVs. Importantly for consumers, car makers commonly offer a warranty on EV batteries for around eight years or 100,000 miles. This is the federal minimum in the United States and it varies by manufacturer and country. But by all accounts, electric car batteries should last much longer than that. GeoTab
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