The USA and the West can erect all kinds of hurdles for Chinese products entering their market, but how big is the USA and Europe in terms of population compared to the Global South. China and India alone have bigger markets than the combined population of the Anglo-Saxon White countries combined. Africa in total has a population of about 1.4 billion.
Now people are realizing who made those branded bags and how much profit high-end chains are making. It is all going to end. It is for the betterment of the world of make-believe morphing into reality.
If the West cannot make things cheaper for the poorer countries, why blame China? Isn't globalization a means to extract economies of scale and comparative advantages? It was touted to be the best when the West could outsource and compete, but not so when they fail to match. Why did Apple site its manufacturing base in China if not for its cheaper wages, supply chains and higher skilled workers, thereby turning out iPhones that enabled Apple to reap all the monstrous profits. Does the USA blame Steve Jobs or Apple?
Anonymous
The USA, Europe and the Japanese are terrified of China's dominance in many sectors and are making attempts to cripple China's advance using every tool at their disposal. Now, the trio are fighting tooth and nail to prevent China from taking over the EV sector, which realistically is a failure and China's dominance is already a done deal.
ReplyDeleteWhat else will the USA, Europe and Japan be left with, besides chips, if they were to lose the last bastion of their industrial power? China is going to eat their breakfast, lunch and dinner and they are petrified.
Moreover, China has eyes on the aviation sector of the USA and Europe as well, with its own plane coming into the global market. Now, China has successfully developed its own C919 engines, making Boeing and Airbus nervous. The USA and Europeans can refuse to certify China's airplanes for international adoption out of vengeance, but many countries are still confident and buying the C919 for domestic routes. The Chinese aviation sector is enough to keep COMAC busy for years, as Chinese domestic flyers need thousands of aircraft going forward. Boeing and Airbus are going to lose this lucrative Chinese domestic market that they dominated for decades. It is now going, going and soon be gone.
I just came across the news that the USA has discovered so much rare earth minerals in Utah, that it is now able to have an edge over China's military. Is that supposed to make China shiver in its pants? Please stop the hallucination and get down to reality.
ReplyDeleteRare earth minerals, as everyone knows, can be found in most countries' backyard, nothing new. Everyone can even start digging in their own backyard for them, but no use shouting on the dung heap. After digging out the dirt, what are they to do with them? Without the processing and refining facilities, those are just as useless as trash dug up from the ground.
It takes maybe years to dig them up, amid environment issues, and more years to build up the refining logistics to make them into useful elements. We are talking about a five to ten years timeline to be highly optimistic, and massive investments needed. And at the end of the story, how expensive they could turn out to be. Remember that the Chinese took decades to refine their expertise, and knowing the USA, it will take longer than that to come to fruition. So, stop the hallucination and come down to earth.
There are presently no facilities outside China of any magnitude to refine rare earth into usable materials. China controls 90% of global refining logistics with the rest of the world only a meagre 10% to boast of. There are small refining logistics outside China, but they do not produce the level of purity that matched what the Chinese are able to attain. Think about that.
No, no, no, the Chinese are not going to do the refining for anyone, even if a gun is pointed at its head, especially for its competitor cum enemy No. 1. That must be a joke to do so.