"Overcapacity" Narrative Goes Against Market Laws, Economic Common Sense: Official
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- Опубліковано 21 чер 2024
- The false narrative of "overcapacity" goes against market laws and economic common sense, said head of China's top economic planner on Saturday.
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I am not Chinese but I think Chinese worked hard to get where they are at. No one should be penalized for their hard work. If countries do, it is a racist attack
Western capitalism has always relied on captive markets, either with a colonial empire or with neo-colonial indirect influence. The major empire up to the mid -Twentieth Century was that of the British. Colonies provided raw materials and then served as a captive market for British produced goods. This could be seen in Hong Kong, where even the drain covers were made in Sheffield, England. The US maintained its influence mostly in Latin America. It is ironic that the Global West is now crying so hard about China, when its corporations and companies offshored to China for profitability in low wages and to avoid environmental controls at home. This kick-started China on its rise to its present position. Now the Global West wants its corporations and companies to relocate, friendly-shoring I believe is the term. This will no doubt mean to countries where the Global West can better influence the government and economy.
Overcapacity means oversupply. Oversupply would result in sharp drop in prices, which benefits consumers. It's a good thing.😊
Good to their friends,but china has chosen the east as it's allies, western market cannot allow china to control the ev market in their country.why allow someone declared your enemy have control over you
Provided you HAVE common sense.