Comments by "D W" (@DW-op7ly) on "Chinese official says only 1 Chinese EV brand makes a profit selling EVs" video.
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China Government has already state there should be a consolidation
From my understanding in most countries 95% of businesses fail
Why should it be any different in China?
here in the west we hear only one Chinese EV company is making money right now?
They will give up,because that is how we think and what we will do in that situation
That’s the mistake we westerners make
But the reality is that’s not how they think
That is born out of study after study
👇
What is the Dunning-Kruger effect?
When we don't know enough to know what we don't know.
* So goes the reasoning behind the Dunning-Kruger effect, the inclination of unskilled or unknowledgeable people to overestimate their own competence.
LiveScience
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Why we overestimate our competence
Social psychologists are examining people's pattern of overlooking their own weaknesses.
Cross-cultural comparisons
Regardless of how pervasive the phenomenon is, it is clear from Dunning's and others' work that many Americans, at least sometimes and under some conditions, have a tendency to inflate their worth. It is interesting, therefore, to see the phenomenon's mirror opposite in another culture. In research comparing North American and East Asian self-assessments, Heine of the University of British Columbia finds that East Asians tend to underestimate their abilities, with an aim toward improving the self and getting along with others.
These differences are highlighted in a meta-analysis Heine is now completing of 70 studies that examine the degree of self-enhancement or self-criticism in China, Japan and Korea versus the United States and Canada. Sixty-nine of the 70 studies reveal significant differences between the two cultures in the degree to which individuals hold these tendencies, he finds.
In another article in the October 2001 Journal of Personality and Social Psychology (Vol. 81, No. 4), Heine's team looks more closely at how this occurs. First, Japanese and American participants performed a task at which they either succeeded or failed. Then they were timed as they worked on another version of the task. "The results made a symmetrical X," says Heine: Americans worked longer if they succeeded at the first task, while Japanese worked longer if they failed.
There are cultural, social and individual motives behind these tendencies, Heine and colleagues observe in a paper in the October 1999 Psychological Review (Vol. 106, No. 4). "As Western society becomes more individualistic, a successful life has come to be equated with having high self-esteem," Heine says. "Inflating one's sense of self creates positive emotions and feelings of self-efficacy, but the downside is that people don't really like self-enhancers very much."
Conversely,
East Asians' self-improving or self-critical stance helps them maintain their "face," or reputation, and as a result, their interpersonal network.
But the cost is they don't feel as good about themselves, he says. Because people in these cultures have different motivations, they make very different choices, Heine adds.
If Americans perceive they're not doing well at something, they'll look for something else to do instead. "If you're bad at volleyball, well fine, you won't play volleyball," as Heine puts it.
East Asians, though, view a poor performance as an invitation to try harder.
Interestingly, children in many cultures tend to overrate their abilities, perhaps because they lack objective feedback about their performance. For example, until about third grade, German youngsters generally overrate their academic achievement and class standing. This tendency declines as feedback in the form of letter grades begins. But researchers also have shown significant cross-cultural differences in youngsters' performance estimates--American children, it appears, are particularly prone to overestimate their competence.
APA
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@PelleGIT
I wouldn’t expect any EV company to be making money right now
The Chinese are doing what they did in the Solar Panels to the world
Only difference the competition is in China ….and this winner take all survival game is on steroids over there
Do not mistakenly attribute our western thinking onto the way they think
Their goal is clean, green, renewable etc future
Nothing will change that
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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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@PelleGIT
here in the west we hear only one Chinese EV company is making money right now?
They will give up,because that is how we think and what we will do in that situation
That’s the mistake we westerners make
But the reality is that’s not how they think
That is born out of study after study
👇
What is the Dunning-Kruger effect?
When we don't know enough to know what we don't know.
* So goes the reasoning behind the Dunning-Kruger effect, the inclination of unskilled or unknowledgeable people to overestimate their own competence.
LiveScience
👇
Why we overestimate our competence
Social psychologists are examining people's pattern of overlooking their own weaknesses.
Cross-cultural comparisons
Regardless of how pervasive the phenomenon is, it is clear from Dunning's and others' work that many Americans, at least sometimes and under some conditions, have a tendency to inflate their worth. It is interesting, therefore, to see the phenomenon's mirror opposite in another culture. In research comparing North American and East Asian self-assessments, Heine of the University of British Columbia finds that East Asians tend to underestimate their abilities, with an aim toward improving the self and getting along with others.
These differences are highlighted in a meta-analysis Heine is now completing of 70 studies that examine the degree of self-enhancement or self-criticism in China, Japan and Korea versus the United States and Canada. Sixty-nine of the 70 studies reveal significant differences between the two cultures in the degree to which individuals hold these tendencies, he finds.
In another article in the October 2001 Journal of Personality and Social Psychology (Vol. 81, No. 4), Heine's team looks more closely at how this occurs. First, Japanese and American participants performed a task at which they either succeeded or failed. Then they were timed as they worked on another version of the task. "The results made a symmetrical X," says Heine: Americans worked longer if they succeeded at the first task, while Japanese worked longer if they failed.
There are cultural, social and individual motives behind these tendencies, Heine and colleagues observe in a paper in the October 1999 Psychological Review (Vol. 106, No. 4). "As Western society becomes more individualistic, a successful life has come to be equated with having high self-esteem," Heine says. "Inflating one's sense of self creates positive emotions and feelings of self-efficacy, but the downside is that people don't really like self-enhancers very much."
Conversely,
East Asians' self-improving or self-critical stance helps them maintain their "face," or reputation, and as a result, their interpersonal network.
But the cost is they don't feel as good about themselves, he says. Because people in these cultures have different motivations, they make very different choices, Heine adds.
If Americans perceive they're not doing well at something, they'll look for something else to do instead. "If you're bad at volleyball, well fine, you won't play volleyball," as Heine puts it.
East Asians, though, view a poor performance as an invitation to try harder.
Interestingly, children in many cultures tend to overrate their abilities, perhaps because they lack objective feedback about their performance. For example, until about third grade, German youngsters generally overrate their academic achievement and class standing. This tendency declines as feedback in the form of letter grades begins. But researchers also have shown significant cross-cultural differences in youngsters' performance estimates--American children, it appears, are particularly prone to overestimate their competence.
APA
1