Comments by "D W" (@DW-op7ly) on "BYD outsmart the European Unions massive anti-China EV tax" video.

@TankEnMate last I read European companies based in China bring in 500 billion in Revenue every year selling to Chinese consumers Chinese should expect these types of trade barriers because the EU still takes its cue from the USA I wouldn’t trust the EU to go after these Chinese factories in the EU on national security reasons, threat, interest, concerns etc etc etc All this as China only sold 300, thousand EVs last year in the EU. That is all Chinese EVs including BYD Where 10 million EVs are expected to be sold in China this year a jump up from 8 million EVs last year The irony to this protectionism/national security…. is 30 million cars are sold in China each year. That means 20 million of the cars sold, will still be ICE vehicles many of them will be made by European or American legacy car manufacturers
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@Alopen-xb1rb No the real problem is the world cried about climate change and China being the worlds biggest polluter Now it cries about overcapacity in China Maybe our richer G7/EU should be spending the money instead of complaining Btw if you haven’t noticed 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 👇 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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@Alopen-xb1rb Btw last I read European companies based in China bring in 500 billion in Revenue every year selling to Chinese consumers Chinese should expect these types of trade barriers because the EU still takes its cue from the USA I wouldn’t trust the EU to go after these Chinese factories in the EU on national security reasons, threat, interest, concerns etc etc etc All this as China only sold 300, thousand EVs last year in the EU. That is all Chinese EVs including BYD Where 10 million EVs are expected to be sold in China this year a jump up from 8 million EVs last year The irony to this protectionism/national security…. is 30 million cars are sold in China each year. That means 20 million of the cars sold, will still be ICE vehicles many of them will be made by European or American legacy car manufacturers
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@houseofhemp269 What most people don’t get? Is yes in “most” cases when you go to China to sell into their domestic markets you have to take a Joint Venture (JV) partner And in “most” cases when you go to China to open up a factory, and export those goods back to your country you don’t have to take on a JV partner That means those trade deficits you hear about with the EU is mostly EU/US multinationals making the lions share of the profits exporting their products from China to the EU Chinese companies mostly sell their goods and services to their Belt and Road Country partners While last I read European companies based in China bring in 500 billion in Revenue every year selling to Chinese consumers Chinese should expect these types of trade barriers because the EU still takes its cue from the USA I wouldn’t trust the EU not to go after these Chinese factories in the EU on national security reasons, threat, interest, concerns etc etc etc All this as China only sold 300, thousand EVs last year in the EU. That is all Chinese EVs including BYD Where 10 million EVs are expected to be sold in China this year a jump up from 8 million EVs last year The irony to this protectionism/national security…. is 30 million cars are sold in China each year. That means 20 million of the cars sold, will still be ICE vehicles many of them will be made by European or American legacy car manufacturers
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