kravietz 🦇 on Nostr: Consequences of #China industrial policy: > By creating overcapacity, China is ...
Consequences of #China industrial policy:
> By creating overcapacity, China is forcibly deindustrializing every single one of its geopolitical rivals. Yes, this reduces profit for Chinese companies, but profit is not the goal of war.
> America’s most economically important allies — Germany and Japan — are bearing the brunt of China’s most recent industrial assault. In the 2000s and 2010s, Germany’s manufacturing exports boomed, as they sold China high-tech machinery and components. China has now copied, stole, or reinvented much of Germany’s technology, and are now squeezing out the Germany suppliers.
https://www.noahpinion.blog/p/manufacturing...
Please however note that China can’t deindustrialise anyone without their voluntary participation. Which EU countries unfortunately happily do, by insisting on emission taxes and high energy prices but not taxing the import of cheap produce.
> By creating overcapacity, China is forcibly deindustrializing every single one of its geopolitical rivals. Yes, this reduces profit for Chinese companies, but profit is not the goal of war.
> America’s most economically important allies — Germany and Japan — are bearing the brunt of China’s most recent industrial assault. In the 2000s and 2010s, Germany’s manufacturing exports boomed, as they sold China high-tech machinery and components. China has now copied, stole, or reinvented much of Germany’s technology, and are now squeezing out the Germany suppliers.
https://www.noahpinion.blog/p/manufacturing...
Please however note that China can’t deindustrialise anyone without their voluntary participation. Which EU countries unfortunately happily do, by insisting on emission taxes and high energy prices but not taxing the import of cheap produce.