Some of the other rarely mentioned things include domination in artificial diamonds, tunnel boring machines, legacy chips, agricultural machineries, commercial vehicles like E-buses, trucks, excavators and construction machinery. These are very much cheaper than those from conventional sources like Germany and Japan and selling well in Global South countries.
So, the USA and the West can keep laughing, while China keeps up its overcapacity in everything catering largely to the Global South market. Things too cheap cannot sell in the USA and Europe and must be considered junks and kept out from consumers in the USA. Manufacturing inside the USA and Europe need expensive machineries and raw materials to make expensive goods for their own citizens. China is no longer interested in making high-end goods making a pittance and letting big names put on a label and make exorbitant profits. Those days are over and China is going to make all the profits for itself. Just let them feel good by massaging their own egos, that brings little benefit.
Now, what is happening in Europe with all the protest spreading? It is all about cost of living ignited by side issues. One thing leads to another as people wised up and start to see the picture. Sure, those protests can be stamped down by force, but the underlying reason cannot just go away. It will fester and explode.
When violent protest erupted in Hong Kong, a lot of accusation against the Hong Kong law enforcement use of force against protestors was all over the media. Did the media say anything about the high-handed action against protestors in France. Oh, the Hong Kong protestors were very peaceful attacking Government buildings and those in France were violent. Just listen to the hypocrisy.
Anonymous
2 comments:
Why buy overpriced and not better American and European goods when you can buy better goods Made in China for a song? The Americans and Europeans can no longer fleece the people of the world with their overpriced goods. Period.
And they are spreading lies about overcapacity. What a silly joke. The good thing, no one is listening to them. Everyone, including Americans and Europeans, are buying Chinese goods for value, stretches their money to beat inflation and high cost of living.
American and European goods are finished, cannot sell anymore, another kind of overcapacity, overproducing but no buyers, just keep in the warehouses.
Hypocritically, they never mentioned about China making all the iPhones for the whole world during a long stretch and calling it overcapacity. How come?
iPhone made in the USA could never be sold that cheaply, maybe even double the price, with Apple probably even making lesser profits with high wages, lack of supply chains, lack of skilled workforce and at that price, its sales worldwide could never have reached the level it is enjoying today.
When USA manufacturing entities and Europeans and Japanese were making all the money in China, no one ever accused China of overcapacity with their presence in China. When they could no longer compete in China and against Chinese manufacturing, they raised the issue of overcapacity.
Did any country raise the issue of overcapacity with USA money printing over the decades? Did anyone take issue with USA overcapacity in defense spending escalation year after year? When China raise military spending, every USA ally raised eyebrows talking about the Chinese threat rising.
Why is the USA and the West not happy with China selling cheap products all over the Global South today? It is not for the USA and the West to tell China to sell less to those countries and telling those countries who they should choose to buy from. China did not put a gun to their heads and force them to buy from China. Global South countries themselves find value for money in buying cheaper Chinese products. The USA and the West could not compete, and it is this inability to overcome over the price factor that is fueling all the demonization regarding overcapacity and National Security reasons.
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