Comments by "D W" (@DW-op7ly) on "China is furious with Europe's EV blockade; this is going to end badly..." video.

  1.  @danharold3087 most Chinese car companies who are not making money. Are expanding and spending more money on research and innovation Don’t kid yourself there is 200 EV car companies in China most won’t survive then they will come for everyone else
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  2. It's Chinese companies who bought a foreign automobile company A lot different than the Auto companies going into China and partnering up The Chinese buy 30 million cars every year At least 10 million will be EVs this year That still leaves 20 million ICE vehicles many of which are from those foreign legacy automakers from the EU and USA
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  3. That's a ignorant reply... India has a younger workforce, larger workforce and much lower wages... Yet they still have a 100 billion dollar trade deficit every year with China... Stop looking for excuses
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  4.  @Justmekpc seriously have you been to China lately????? 👇 Average Chinese national now eats more protein than an American: UN food agency The milestone was reached in 2021, according to United Nations data despite US predictions that it would destroy the planet 18 Jul, 2024 China has surpassed the US in the amount of daily dietary protein available to its population – an important indicator of a modern quality of life, and one that some commentators and politicians in the West thought would be impossible to achieve. According to the latest data from the United Nations Food and Agriculture Organization (FAO), China overtook the US in 2021, reaching a daily supply of 124.61 grams (4.39oz) of protein per capita SCMP
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  5.  @mauriceharting5877 China is still a developing country the are following the rules at best bending them The western multinationals went to China at the time because of their weak labour laws, weak environmental laws, mass pool of cheap labour they could pay dollar a day wages to And yes weak IP laws that went along with it In exchange the western multinationals traded knowledge and investment This was nothing new, the west goes to 3rd world or developing nation takes advantages of this country until the locals complain about wages, pollution, or environmental damages. Western multinationals pick up and run for it. I would argue yes they expected the Chinese to buy 1 billion toothbrushes and 2 billion socks But they didn’t expect them to enrich themselves My evidence is even before the west pushed for Chinese WTO inclusion the Top of the food chain 1%ters and their TooBigTooFail Investment Banks worked out the worst deal ever for themselves Where these TooBigTooFail Investments Banks got a 33% interest in a “Joint Venture Chinese Investment Banking Subsidiary.” Where the Chinese Bank got a 67% Difference is the Chinese didn’t complain they put up with those dollar a day wages making 22 times less than what an average American worker made. Yet saved 30% of those wages over 30 plus years. Indirectly loaning those saving to those Americans so they could spend their savings and borrow to spend some more. While the Chinese invested or made a business with their savings Where the Chinese lowered their standards of living while the Americans were able to raise their standards of living with those cheaper goods If anything the Chinese were dragging their feet on the TRIPS agreement under the WTO….specifically regarding developing countries 👇 Developing countries’ transition periods Provisions for developing countries, economies in transition from central planning, and least-developed countries Developing countries and economies in transition from central planning did not have to apply most provisions of the TRIPS Agreement until 1 January 2000. The provisions they did have to apply deal with non-discrimination. Article 65.2 and 65.3 Least-developed countries were given until 1 January 2006. Article 66.1. Members have agreed to extend the deadline to 1 July 2034, or to the date a country is no longer “least-developed”, if that is earlier. Pursuant to the Doha Declaration on TRIPS and Public Health, a separate transition period exists for pharmaceutical patents, which currently runs until 1 January 2033. WTO
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  6.  @lordofsevenrealms  Wasn’t to long ago we were complaining about China being the worlds biggest polluter Now as they invest in Green, Clean, Renewables etc. etc? We cry overproduction and they subsidize this or that 🙄🙄🙄🙄 They are actually spending the money and making those changes What are our western Governments doing since we are the ones most vocal about climate change and China being the worlds biggest polluter ??? 👇 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 👇 Fossil Fuel Subsidies Surged to Record $7 Trillion Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change IMF
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  7.  @mefobills279 Tesla is as saved from bankruptcy by China I remember calculating month cash burn rates when they were have production issues China built a Gigafactory within a year and gave them the Joe largest EV market in the world
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  8. That’s not how it works … farmers make their money on exports Thus giving you cheap agricultural products in return You think it’s expensive wait until your farmers lose their export markets… that allow them to survive What is the trade deficit with the EU and China 320 billion USD in 2023? Last I checked EU companies in China sold 514 billion dollars in goods and services to the Chinese domestic consumer in 2019 What we are really talking about is 300,000 Chinese EVs were sold in the EU in 2023 The US and EU sell a good portion of the 20 million ICE vehicles sold in China every year
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