Australia choses to be sinophobic and paranoid about its nearby neighbor and major trading partner, who has never attempted to colonize Australia or cause wars and conflict. Instead, Australia prefers to trust war mongers thousands of miles away to engage in alliances to further political intrigue, drama, and provocations. Australia thinks joining racist Anglo-alliances like Five Eyes is wise diplomacy 🙄
Australia is the only country that is not sovereign by choice and not due to force. They willingly encourage the US to take over all of their biggest and most profitable businesses and industries due to reasons best known to them
China is an example where taxpayers' money goes to the people: infrastructure, lifted 850 million out of poverty, green energy, etc, whereas the US is the perfect example where the government is working for the corporations' interests where the people have no more power in their hands.
Both Australia and New Zealand are insignificant markets for Chinese products. In fact it's Australia that benefited the most from trade with a prosperous China. They benefited so much that they are labelled, the lucky nation. The Chinese FM is there just to give these little rascals some lessons in discipline
Not only is China being denied high end CPU/GPUs for EVs, China is being denied high end CPU/GPU for medical imaging, civil engineering, high energy physics, climate studies, etc. That the Western media glibly ignores such "side effects" is truly sad.
4:44 "...having a different form of government..." This is KEY. Global economics should have NOTHING to do with how China is governed. China's form of government is China's business and it does not concern anybody else. China respects all nations. China trades with all nations. China is all about win-win cooperation. Unlike the USA and Europe, China has fought NO WARS in the last 45 years, making it the most peaceful world power the world has ever known. China has sanctioned no nation, except to push back on foreign interference (e.g., Australia and Lithuania). China demands respect and it has earned it. The issue is that the United States is jealous and fearful of China's rise. China's success has exposed the cracks in the West's economic and political system, so China must be "contained."
Exactly. USA is the international dictator ... but somehow that isn't important because the folks at home get to choose between psychopaths to threaten the world.
Świetna dyskusja ! One of the best short discussion explaining Chinese economy crucial issues from the current standpoint with glimpse into the future , we all need more . Pascal you are the top-notch interviewer, and Dr Jones insight is breathtaking, thanks both of U❤
The US’s manufacturing envy of China is a mismatch of desire to do that which it put itself in the position to not be able to do through an atrophied manufacturing sector. At a time when every nation is to be radically reinventing their infrastructure and economies while the individual, family and communities change - fighting over who gets to be the preeminent ‘green transitioner’ is defeating the whole effort TO change. It’s bad enough that the US has such economic envy of China over green manufacturing, but the US with its western cronies go onto blow holes in pipelines to stop the other nation (that they have economic envy with instead of relations) from selling gas that they want to be selling instead - all the while encouraging and funding war, causing greater greenhouse emissions, not stopping it. Instead, the US and the west could be working in tandem with China, Russia and the rest of the world. *Imagine where we’d be right now - if only ONE nation would decide to cooperate instead of sabotage.*
Actually there is no competition and China isn't wining either. The plain fact is China does what is right. China doesn't have vast oil and gas like the America or Australia so its energy has been dependent of coal. Solar, hydro and wind power generation helps China to lower the cost of electrical power. Already in China the installation costs of onshore wind and solar have reached parity at about US$580/kW which is cheaper than any other form of electricity generation. It is only natural for China to pursue and develop these renewable energy. Today China is the leader in each of solar, hydro, wind, battery and EV. All major public transportation in China in the form of HSR and metro are all electrified. That is how China manages its own affairs! Everything in China is based on necessity is the mother of invention. Like solar power China initially had to buy raw material, every component and part from the west and sell the finished products back to the west to earn money. It was taken to the cleaner by the western manufacturers manipulating the price. To save the last companies of the annihilated foreign-dependent solar power industries the Chinese government started building solar farm domestically and gave out subsidies like the west. China then realizes the only way to survive is to innovate and cut cost. It is responsible for cutting at least 95% of the global solar cost. In Wood Mackenzie 2023 report it was indicated EU solar cell cost double and the US 2.66 times of the Chinese. In fact in 12 month of 2023 China installed 217GW solar power which is more than any country's total capacity as the second rounder-up US had 179GW at the end of 2023. Once China has significant renewable energy it turns its attention to battery and EV. Today China manufactures about 60% of global EV. The combination of renewable energy and EV means mankind has no energy crisis and is independent on fossil fuel for goo! This is not to win the energy war but an endeavor to be sustainable and green.
No help nor leadership of the Australian government.... How much of a Lap Dog is Australian to the American. How does the World compare Russia to America in this kind of issue..... Russian do a better job in Jailing ????
One thing I really appreciate about Neutrality Studies is the diversity of interviewees with different views. Although I have the highest respect for other anti US involvement in Ukraine, the speakers are usually the same and I know what they are going to say.
Ultimately most countries wasted time in denial of the necessity of the energy transition, whereas China quickly got over the stages of grief and got on with it, while also being able to ignore all the armchair critics who expect a systemic transition to happen exactly perfect every step of the way. Also China understood that the energy transition needs to be themselves but also the developing countries whose peak energy demand is yet to come, whereas Europe was busy trying to be “first” and either missed or purposely delayed the business value of simultaneously transitioning their energy systems as well as developing markets.
I am glad that the Big Mac-index is not a viable indicator for GDP or CPI. There should be a CPI-Standard, so Governments can evade certain values important to it. Like the US one, that does not include Living(rent) or Transport costs. which make up a large percentage of "Living expenses".
Dr. Kingsley Jones has a very good understanding of China, its consumers and its industries. He is right about Tesla - although they still sell quite well in China, they do look stale and dull compared to even most BYD cars, let alone Zeekr or Nio. BTW, Hong Kong will be a SAR after the 50 years is up. The only thing that has really changed in HK is that there can be no more outside interference. I am not sure why using the Hong Kong $ necessarily means that the US$ has to be used. It will be pegged to the RMB one day.
I have been spending quire a bit of time in Hong Kong, without doubt, like Taiwan, any unrest was fed by the US & UK. Had a good look around Macau as well, gambling houses packed with mainland China people.
As I have understood it, the sanctions and Taiwan's chip lead concerns only the most high end chips, and that China is the world leader in lower end chips. And only the lower end chips are used in cars and all kinds of machines (and missiles, aircrafts, communication, imaging). They do everything they need to do in their limited application and are on standby most of the time. Being faster only results in more standby time. The highest end chips are used for stuff like AI training and Bitcoin mining where the value created increases with chip speed without limit. Apparantly they are still useful in smartphones to psychologically give the user a true realtime feeling, but I would think that there is a limit closeby now beyond which faster chips have nothing more to add in that application.
Western factories were pressured to also limit lower end chips. China answered with a 2 fold strategy: first replace imports of legacy chips. This was a disaster for Western producers who lost the entire Chinese market. 2nd was a massive drive and investment which already has produced a result that is on the way to close the gap (with the notable new Huawei phone which is not quite on par yet, but performance was achieved in part by other means). They have far more engineering candidates etc, they will get there with high end chips too in a few years.
@@steinbauge4591DUV2 lithograph machines invented by China recently are able to produce 5nm chips and 3nm with QUAD technology patented by Huawei. They have been successfully used in some new semiconductor foundry companies in China. EUV lithography machine made by China will be released in 2025.since then China semiconductor industry no longer relies on western technology.
I just want to point out how much of a gentleman Mr Jones is for smoothing over Pascal's mistake (normal when using one's second language) by integrating it into his comments from then on... so nice to see. His parents raised him well. Also, I always feel so much smarter after one of Paval's videos. Thank you!
I have long thought the war in Ukraine was about mineral wealth. Long before Lindsay Graham said as much. Just look up where the lithium is in Europe, North America and Russia. The USA may have a fair amount but it can’t get to it because on the environmental destruction it causes, western Europe has little meanwhile Russia has loads of other minerals but not that much lithium, although it gets on with China who has lots. Add the precariousness of getting lithium from Australia to Europe/North America and the USA’s unpopularity in South America and a fight over the lithium stores in Ukraine was almost inevitable. The odd thing is that the USA/west wasn’t happy to get 80% and wanted 100%, but now risks getting less than 10%. Those mines in a devolved Donbas would have still sold to the EU and USA before. Chile and Bolivia are just lucky they are so too far away for a US invasion.
The problem with the West and China relations is that deep in the West's psyche, China always perceived as a threat, maybe simply because China adopts different ideology. It's strange actually, since China doesn't tangibly impose nor spread its ideology to any other countries at all times
China is a threat because it shows it has a functioning, thriving social/political/economic system that is an alternative to what the parasitic US Empire has to offer.
different ideology' is just a bullshit excuse. The West just want to hold on to their global dominance/hegemony. U.S. had no problem working with, investing in and importing from China in the 1980s, 1990s, 2000s. China's governing system/ideology is the same then as now, so what has changed? Heck, now the U.S. wants to court Vietnam as a friend/ally. Barack Obama, Donald Trump, Kamala Harris and Joe Biden all tripped over themselves to visit Vietnam. And Vietnam is more communist than China! Also, Russia is no more 'Soviet', and now holds elections. Apparently this means nothing to the West.
10:00 - America's pre-war oil embargo vs Japan is, at best, a loose analogy to its current semiconductor "embargo" vs the PRC, & inadequately reflects the current situation, because: 1. Unlike Japan, China is not in a war, & doesn't have an urgent, life-or-death shortage of semiconductors that could doom it; 2. The PRC can create bottlenecks for the US, just as the US can do so for it; China produces & refines a significant percentage of critical raw materials (e.g. gallium), without which cutting-edge semiconductors (the market segment in which the US has a leading advantage) cannot be manufactured; 3. If there was an armed conflict over Taiwan, the semiconductor supply chain disruption would be comparably harmful for both, since the US relies on TSMC's fabs in Taiwan for the majority of its semiconductor production; 4. The PRC is actually closer to building a complete, indigenous, end-to-end semiconductor value chain inside its own borders than the US, despite being behind on leading edge nodes. Bottom line - if there was a full scale conflict between the US & PRC, both sides will suffer significant disruptions, but in many ways, the PRC - NOT the US - will be the one that is better positioned to mitigate those disruptions.
Totally agree about the company imperative to improve their product for the generation of Chinese most discriminating consumers. It's so refreshing to hear this analysis from an Australian. I had just about given up on the brainwashing of Australians in their ignorance of China. Thanks Pascal for having this guest speaker. Not that I have a fond attachment to what financial industries have done and are doing for the world ! 😂
This guy is mistaken. Hong Kong is never oppressed politically. He is still biased with western political view. Deep inside, he wants to return to the past.
Hong Kong was essentially an apartheid dictatorship under Great Britain. The Governor was always a white guy picked by the British monarch to rule over the 99% non-white majority. No Chinese person ever held power in Hong Kong until China took over. Now at least a native Chinese Hong-Konger is in charge. Furthermore, the Governor is elected from a set of approved candidates. Previously, there were no elections at all. Amazing to me how many people miss the big picture. The Hong Kong government is much more representative of the people now than it was under Great Britain.
I agree with the idea of energy and currency from Professor Jones. But I don't agree with his view that currency devaluation will help Japan revive its economy. Japan's decline was profound. The efficiency of government operations, dependence on imported raw materials and food, people's education level, infrastructure construction, lack of labor, etc. are all problems that cannot be solved by monetary policy.
Australia missed a huge opportunity in renewable energy. I travel a lot around WA, I noted the Aboriginal communities around the place. In 2012, Premier Barnett started closing them down, I wondered why. They were too expensive to run, I wondered that. It turns out, the governments (both State and Federal), when setting up a community, would install services and infrastructure, for a small town, the smallest possible, i.e. sewage plant, power needs etc. Most communities numbered between 8-15 families, with infrastructure for 5000 people! This was the norm!!! Over at least 60 years!!! Come on Aussie? This shows the power of the fossil fuel industry in Australia, and the power they wield
Modern time civilization, especially post-industrial revolution, builds on energy or specifically hydrocarbon fuel whilst yesteryears civilization featuring either agrarian or nomadic builds on # of land & manpower or land & cattle. The tricky part is human can harness green energy without limitations by geographic locations, and this is where heaven lay flat ground for all competitors and power politics will shift to whoever country that can dominant this technology which is China today.
To say cheap Chinese imports caused low U.S. CPI and hence a low interest rate policy is the culprit of current US problem, is missing a major factor. That is the over supply of money printed. Without easy supply of money, just cheap Chinese import can not cause enormous reality rise.
Great interview and fantastic guest! For similar analysis of interaction of markets and macro economics with geopolitics you might consider eg Louis-Vincent Gave, Doomberg and even Luke Gromen. Anyway, love the channel.
Your looking at it way too simplistically. Australia made the decision to not focus on manufacturing, politicians said to the people don't worry we will be the smart country. The western countries have open sourced 95% of its technology through universities. They have trained foreign students on mass, this has allowed countries like china to leap frog in terms of years it What the would normally take to acquire tech. Then there is long held practice of intellectual theft, in every area including military. In China's case what they could not learn by having thousands of joint ventures with western manufacturers, they paid for, employing the western engineers when needed, even designers from Italy and Germany. Getting back to Australia being the smart country, most rising countries are as smart as us or smarter, are hungrier for success than we are. The authoritarian governments just give the order and a times the whole counties gets behind it. Chinese government makes things happen, Australian politicians fight amongst themselves for years and then wonder what happened. China has already won the renewables race and are now working on the nuclear race, out of the 59 new nuclear reactors under construction, 25 are in China and are being built by China National Nuclear Corporation (CNNC). Solar and wind just are not reliable enough, you will need a over capacity of up to 300% to allow for the days and weeks of cloudy weather on a week of no wind, China is well aware of this. If there is a small scale nuclear war, or a large meteor hits earth, solar out put will be significantly reduced. Unfortunately Australia will need nuclear technology at some point in the future from a military stand point. Just look at what Russia has been able to do because the threaten everyone with nukes. Australia will need nuclear weapons we don't know if the USA will always be willing or able to defend us if they are kept busy. China has already threatened Australia with a potential missile attack reminding us they have the capability. If we get USA subs they will need to be nuclear armed to have a effective deterrent. Australia needs nuclear just like most other countries have realized they will. Australia is handing out financial help because of high power bills even though we have massive amounts of roof top solar, people got rebates and grants for cheap instillation, the replacement costs over the next 20 years is going to wipe out a lot of the house energy saving from solar. Now lets imagine that every car, motorcycle, bus, tram and train is electric. In that world we simply will not be able to produce and store enough from renewables alone with back up in case of disasters, massive hail storms, carrington event or an emp attack most likely would take out large solar farms. People need to stop living in a world of rainbows and pixy dust.
Pascal can really try to contain his blubbering. Just when the guest gets to where you most want to hear where he is going Pascal has to interrupt and blubber.
While the Sun shines everywhere, there are places like Egypt that has clear sky and long days almost all year long, and then there are many countries that have short summer where days are longer, and most of these days have clouds which significantly reduces energy produces.
@32:25 This is because they (customers) are spoilt for choice. Competition is really tough for the sellers who must offer better prices, more features at same/lower prices, better follow-up services, etc.
22:58 - “...and you know the assumption underlying that is that, oh well of course Democrats innovate and cooperate and collaborate, and autocrats can't innovate, because they're autocratic, they …. by definition autocracy has one person telling everybody what to do, so how could you be innovative?” Are you kidding me with this? From the White House -- "Healthy market competition is fundamental to a well-functioning U.S. economy. Basic economic theory demonstrates that when firms have to compete for customers, it leads to lower prices, higher quality goods and services, greater variety, and more innovation.[1] Competition is critical not only in product markets, but also in labor markets.[2] When firms compete to attract workers, they must increase compensation and improve working conditions." Communists and Socialists collaborate and cooperate, not "democracies".
Yes, everyone forgets this. West used to bash China relentlessly for the filthy air and water. So China developed their clean power tech and turned the pollution around. Now all the clean power tech is under sanctions and tariffs. They can't win.
🛰️ Taikonaut 🛰️ 🛰️ Space Station 🛰️ Satellites. 🛰️ 🌀 5-G + 6-G &... 🚀 Hyper Sonics 🚀 Submarines 🚀 Craft Carriers 🚀 Jet fitters 🚀 C 119.crafts 🚀 Drones ...🚀 🧞 Master of: Land, Marin & Space Construction... & Beautiful people With over + 8.000 Years intelligent And cooperative Culture...🥇🐉 💚🐉🇨🇳🐉💚 🌀☸️☯️🕉️🌀 🌜🌍👀🌎🌛 i wish i was 💙Chinese💙
Australia has iron plus good engineering staff. Build coal fired powered electrical supply and invent good scrubbers. The captured co 2 has a good market
Informative Information for knowledge seekers listening is an important asset. FOR ME NOW I'VE MORE ATTENTIVELY LISTENED BECAUSE THERE AN ACCEPTANCE TO A NON CONCURRENT ATTITUDE "BUSINESS" ALWAYS IN THE FOREFRONT OF ECONOMIC CONTROLL FROM THE UK'S IMPERIAL DAYS WITH ALL RACIAL INFERIOR SUBJECTS.
Idealogy is a spent force. The better focus is to use any technology, systems, pathways, or design. China has proved the limitations of the new dynamic thinking.
The semi-conductors that EV needs are of higher nanometer types that China can produce even under sanction. BYD produces and uses semi-conductors that it's own factory produces ad is mostly self-sufficient in all the important components in its own EVs. That's one of the main reasons that BYD could offer EVs with such attractive prices!
52:00 And the gap is getting accumulated in ever smaller amounts of the basket of people with all the implications that has on living cost etc.. I understand if an investor might not go there willingly. I do not understand how dedollarisation is mixed up with currency those are different things.
For your information the litography machine was invented by china and sold to the west. You got the story all wrong! The turbine or jet engine was also a chinese invention given to the British during colonial wars as a peace treaty.
Based on data it is not true that China has monopolies that operate similar to the monopolies in the US. In the last few years China has even cracked down on many of their large companies’ monopolistic behavior, including Alibaba and Tencent. Another example is BYD and CATL does not have a monopoly, since they have to compete with scores of other companies in the EV and battery market. They are just currently the largest and have to remain very innovative to stay competitive. These large incumbents cannot easily do backroom deals to gain political financial support given the crackdowns on corruption. All one has to do is walk into one of the many expos or electronic markets in China and see the multitude of small innovators and entrepreneurs striving to make their mark.
54:00 low value of currency does mean better export, BUT one fact changes that rule "Trust". If you app is true, ask why does not world purchase more from Africa, India, Japan, So America today... One other issue in question is with low value of one own currency mean INFLATION of cost of living aka $1.00 US single Egg
Solar power will always be a highly commoditized & transactionally intensive form of energy, unlike other energy infrastructures that are less dependent on commodities and far less transactional dependencies i.e. it is almost in a hidden sphere of the market, while enabling the market. This reality is exposed when considering that the US has demonstrated that energy independence can be achieved within a few decades - the shale gas revolution. The US is already advancing toward the next phase of energy independence with next-generation thorium-based nuclear energy, which is extremely exposed to global proliferation due to the low resource need and thorium's more abundant and widely distributed globally. Thorium-based nuclear energy is, at this stage, the only true form of energy supply that can sustain economic activity in any future modern community. Debating the merits of energy supply as the essential product of globalised commerce is not wise. Energy should not be the primary reason for commerce; rather, it should enable all other forms of commerce, just as the sun has always done.
A thought experment, an impractical device that is easy to check for mechanical workability. Its parts are large enough to act as everyday mechanisms but small enough to work well with the nanometer scale thermal motions of gas molecules. This device hypothetically creates self powered thermal diversification: Sketch made with keyboard characters: COLD ())--:PARTITION:-->> HOT Key ()) = Paddlewheel. -- = Axle. (Continuous from end to end) : : = Axle tunnel going through a wall. >> = Lumped friction element Please visualize two chambers full of inert gas separated by a very thin partition. The partition is thin to delicately support billions of separate nanometer scale short axles running straight through loosely enough to rotate freely but not leak very much heat so the chambers can hold separate temperatures. On the left side, a very small paddlewheel is mounted at the left end of each axle. On the right side, lumped friction elements are mounted stationary in place on the partition, one for each axle, for the right end of each axle to run through. The lumped friction elements convert the mechanical rotation of their axle into heat. The lumped friction elements do not impart Brownian motion to their axle. Brownian motion (a nanometer scale effect) turns the paddlewheels at random speeds randomly clockwise or counterclockwise. This random rotation is turned into heat by the lumped friction elements. The committed, linked, and functional roles of the walls, paddlewheels, axles, and lumped friction elements in differnt places should systemically produce a divergence in the thermal energy in the two chambers without adding external energy. Aloha
There is too much talk of cars here. A least in cities bicycles need to be promoted far more. Pedal cycles also benefit mental and physical health while being easy on the pocket. Come on get more progressive please.
46:00 The US Dollars: Yes some trade will be done in US Dollar, but now others currency can and will be use in world trade. The underling again in this issue is $20 Trillions $$$ printed US Dollar are going back to USA in exchange for goods. And now, some good worldwide if choice must be purchase in local currency other then Dollar. Thanks to US Sanction.
This is unrelated to the article of who is winning or losing. I am a general skeptic on solar/wind as renewables as a replacement for carbon as of today. Advances in technology may change the narrative. The reason is a single variable which in summary is the cost in energy to make energy. A human swinging using a basic unpowered tool is of course a ratio of 1:1. When man domesticated the horse and work ox, the ratio goes to 2:1. There is an extra cost in that a man has to feed his horse. But the horse's extra energy requirements are worth it. Carbon be it in the form of oil/methane/coal has a ratio of anywhere from 20:1 to 25:1. There is extra cost in having to extract the carbon from the ground, transport it, consume it, and produce something that is doing the consuming and/or transmit the power to od useful work. Nuclear is the best at around 40:1 because, even though you have to do a lot handling of that tricky uranium, you don't need very much. You also do not have to build very much infrastructure as a single containment vessel can support a lot more Mw then anything else. Wind and Solar come in at 8:1 to 12:1. The reason for the low efficiency is you have to build a lot more infrastructure to support. You need to mine a lot more metal, and a variety of more uncommon metals, plus lots of concrete to build the infrastructure to capture energy. These wind and solar farms are not next to the energy customer. This means more infrastructure has to be built to transport energy. These systems are also have shorter life cycles. A power plant can last 75-100 years. A turbine or solar panel lasts about 25. That means recycle/disposal costs have to be considered. Now one could claim these numbers are false. For any skeptic, I encourage you to do your own research or find your own pundit to disagree. I am of the opinion that renewables at this time are a drag on economic productivity. You are spending resources on not necessarily the most efficient thing. If we were really interested in independence from the oxidation of carbon for energy production, nuclear was always the best choice. If radiation scares you, I can list scores of other equally dangerous chemicals that we happily release into our environment. The nuclear power industry is built on technology from the 50ties and 60ties. There is no reason that technology that has matured 50-70 years cannot solve some of the issues of safety regarding nuclear power. So just because someone is winning at doing something that really does not make sense, is not something to hang ones hat on. All it shows is that the Chines Communist party drank the kool aid of the environmentalists who never were interested in saving the world. Instead we have to mine every greater quantities of ore in third world countries that environmentalists do not care about.
by the time you say the Chinese communist party, you are biased against China. The party is part of a political system, nothing to do with what you are talking about. If the Dems or Reps in China, they can still carry out the same thing if they believe in those environmentalists you are refering. So what you are saying is the CCP is stupid because its a communist, isn't that right?
@@skydragon23101979 It is on you to state why they are. I am not stating as a fact other than those I received at least made the attempt. For example, you can measure how much metal and concrete has to go into building a wind turbine. What kinds of metals and how much energy is required to do the extraction, to do the refining of the ore, to the fabrication of the device, the installation of the device, the maintenance, of the device, and of course the disposal or recycling of it. The people who made this attempt were materials speculators in the futures markets. They were interested in as you state the EROI. They spent several years compiling their data. They generated energy numbers for every single commodity on the futures market that is involved in energy. This is a big deal as the EROI for attracting oil in Saudi Arabia is massively different then the EROI for extracting oil from the shale formations from Permian basin in the United States. There are of course some minerals that will have a tighter range as for example there is no longer places where you can just pick up nuggets of copper. No matter how you slice it, if you want silicon, you are going to have to do an energy intensive oxygen reduction reaction from quartz. When you say your figures are inaccurate to what I stated, take with a grain of salt you based your numbers on simple research where these people put some serious time into their publication including their data. They could still be full of it. But your welcome to tell what numbers you came up with and how you did it.
@@skydragon23101979 My very long reply did not update. I will summarize. The people who made the claim were multidecade commodity traders who were interested in the question. It was not simple research but a multi-year investigation based on their decades of knowledge on the true cost of extracting and refining. Again, this is not how much currency is required, but as you state the EROI. My question to you is what is your model? Since their research was not simple, I am more inclined to trust their numbers. You are welcome to present your model and what conclusions you made. The model is important. For example, some people add carbon sequester to the currency or energy cost. Well, no one is doing carbon sequester. That is why there has to be an agreement on the model.
These are rarely heard but intelligent points. I disagree with regards to nuclear solution as fine because we already slosh the Earth with deadly chemicals, and you didn't convince me that nuclear is a good return on massive infrasctucture nvestment, degrading over a short ten to fifteen years. But I particularly appreciate your point about robbing the environment ( for minerals) to save the planet( reducing emissions ) . My suggestion is the only way to resolve the electrical energy consumption crisis is to......reduce consumption, not ' keep up ', not grow it, but actively reduce it. And I'd gladly advocate policies of population lowering targets in favour of lowering emissions and consumption, and generally not exceeding carrying capacity of the planet. But economists leave the table at that point.
currency is a man made, "agreed system of exchange", capable of great fluctuation, including collapse. gold is a finite resource, and as more is mined, used, sent off planet or removed from the available usable resource, the price of the remaining commodity on earth will naturally increase.
The barter economy is to come back, the exchange of international trades will be on tangibles like metals, grains, oils, meats, ....etc. and fiat money as needed.
Interesting conversation. We are isolated in the US so I guess we may be entirely different from the rest of the world. I live in one of a handful of the most populated areas in the US, and there is virtually no market for electric vehicles here. People who buy them tend to be wealthier. We have no grid system to accommodate them. We have a limited market for solar panels as some people do install them. Windmills appear only in more isolated areas. Of course, I am unaware of what will be done with the waste from these pollutants. I personally consider the windmills abhorrent pollutants of our beautiful land as do many other Americans. They are intolerable and efficient from my point of view.
😂😂😂intransparent process of getting government money in China vs. extremely transparent process of lobbying in US. Which process is more friendly to the smaller guys, I wonder?
Australia's problems comes from not being a sovereign country.
australia is the problem
Australia choses to be sinophobic and paranoid about its nearby neighbor and major trading partner, who has never attempted to colonize Australia or cause wars and conflict. Instead, Australia prefers to trust war mongers thousands of miles away to engage in alliances to further political intrigue, drama, and provocations. Australia thinks joining racist Anglo-alliances like Five Eyes is wise diplomacy 🙄
Australia is the only country that is not sovereign by choice and not due to force.
They willingly encourage the US to take over all of their biggest and most profitable businesses and industries due to reasons best known to them
Dd
@@yaoliang1580idk if that's entirely fair. The US used force to coup Australia multiple times so far.
China is an example where taxpayers' money goes to the people: infrastructure, lifted 850 million out of poverty, green energy, etc, whereas the US is the perfect example where the government is working for the corporations' interests where the people have no more power in their hands.
But they are continued to be fed the delusion that they have a choice every 4yrs therfore "dêmókrazy" is the best lol.
@@peanut0brain Indeed. It's more like DemonCrazy 🤣 They are fighting each other over Republicans and Democrats while they are balls from the same 🍆
@@peanut0brain more like DemonCrazy 😈 They always choose one of the two🏀🏀 of the same 🍆
@@peanut0brain more like DemonCrazy 😈🤣
This is definition of Fashism
BRICS all day. Happy to see NZ PM welcome Chinese business into NZ without an AUKUS problem.
Both Australia and New Zealand are insignificant markets for Chinese products. In fact it's Australia that benefited the most from trade with a prosperous China. They benefited so much that they are labelled, the lucky nation. The Chinese FM is there just to give these little rascals some lessons in discipline
NZ foreign policy is very flexible.
It even has disagreements with Australia by the way over nuclear weapons deployment in the South Pacific.
Don't be like Australia. I'm ashamed to say our government will follow the USA off the edge of a cliff if they commanded it.
Not only is China being denied high end CPU/GPUs for EVs, China is being denied high end CPU/GPU for medical imaging, civil engineering, high energy physics, climate studies, etc. That the Western media glibly ignores such "side effects" is truly sad.
le monde n'existerait que grâce à des "puces" ? Encore une doxa de financier.
Je ne partage pas cette émission, c'est la première fois.
@@marcobsomer5574 Signification ?
climate studies is BS
China will quickly build their own…. And leapfrog the western ones.
China only can depend on China... that was the key to success!
4:44 "...having a different form of government..."
This is KEY. Global economics should have NOTHING to do with how China is governed. China's form of government is China's business and it does not concern anybody else.
China respects all nations. China trades with all nations. China is all about win-win cooperation.
Unlike the USA and Europe, China has fought NO WARS in the last 45 years, making it the most peaceful world power the world has ever known. China has sanctioned no nation, except to push back on foreign interference (e.g., Australia and Lithuania). China demands respect and it has earned it.
The issue is that the United States is jealous and fearful of China's rise. China's success has exposed the cracks in the West's economic and political system, so China must be "contained."
Exactly. USA is the international dictator ... but somehow that isn't important because the folks at home get to choose between psychopaths to threaten the world.
“It may be dangerous to be America's enemy, but to be America's friend is fatal.” - Henry Kissinger
Try to find something original.
@@archstanton5973 What about this: Australia's Defence Policy In 2023 Explained
ua-cam.com/video/sgspkxfkS4k/v-deo.html
@sandponics Should had join ASEAN long ago... instead of QUAD and AUKUS.
@sandponics Sorry, BRICS+ does not welcome USA Lap Dogs. Ask France why they were rejected 2023.
Świetna dyskusja ! One of the best short discussion explaining Chinese economy crucial issues from the current standpoint with glimpse into the future , we all need more . Pascal you are the top-notch interviewer, and Dr Jones insight is breathtaking, thanks both of U❤
Great interview Pascal.
The US’s manufacturing envy of China is a mismatch of desire to do that which it put itself in the position to not be able to do through an atrophied manufacturing sector.
At a time when every nation is to be radically reinventing their infrastructure and economies while the individual, family and communities change - fighting over who gets to be the preeminent ‘green transitioner’ is defeating the whole effort TO change.
It’s bad enough that the US has such economic envy of China over green manufacturing, but the US with its western cronies go onto blow holes in pipelines to stop the other nation (that they have economic envy with instead of relations) from selling gas that they want to be selling instead - all the while encouraging and funding war, causing greater greenhouse emissions, not stopping it.
Instead, the US and the west could be working in tandem with China, Russia and the rest of the world.
*Imagine where we’d be right now - if only ONE nation would decide to cooperate instead of sabotage.*
The US is the problem.
Your too long in the messaging !!! Get to the point !!! next time.
A rational Australian
One kind of "Energy" Australian cannot waste !!! Brain Power..
Actually there is no competition and China isn't wining either. The plain fact is China does what is right. China doesn't have vast oil and gas like the America or Australia so its energy has been dependent of coal. Solar, hydro and wind power generation helps China to lower the cost of electrical power.
Already in China the installation costs of onshore wind and solar have reached parity at about US$580/kW which is cheaper than any other form of electricity generation. It is only natural for China to pursue and develop these renewable energy. Today China is the leader in each of solar, hydro, wind, battery and EV. All major public transportation in China in the form of HSR and metro are all electrified. That is how China manages its own affairs!
Everything in China is based on necessity is the mother of invention. Like solar power China initially had to buy raw material, every component and part from the west and sell the finished products back to the west to earn money. It was taken to the cleaner by the western manufacturers manipulating the price. To save the last companies of the annihilated foreign-dependent solar power industries the Chinese government started building solar farm domestically and gave out subsidies like the west. China then realizes the only way to survive is to innovate and cut cost. It is responsible for cutting at least 95% of the global solar cost. In Wood Mackenzie 2023 report it was indicated EU solar cell cost double and the US 2.66 times of the Chinese. In fact in 12 month of 2023 China installed 217GW solar power which is more than any country's total capacity as the second rounder-up US had 179GW at the end of 2023.
Once China has significant renewable energy it turns its attention to battery and EV. Today China manufactures about 60% of global EV. The combination of renewable energy and EV means mankind has no energy crisis and is independent on fossil fuel for goo! This is not to win the energy war but an endeavor to be sustainable and green.
Appreciated you taking the time to add clarity to China's approach to new renewable energy development.
Very interesting. Thanks from Ireland 🇮🇪
Julian is free
Brilliant news this!!!!!!!!!!!!!!!!
Partially for now, indicted yet to stand trial if home country extradites him to US
No help nor leadership of the Australian government.... How much of a Lap Dog is Australian to the American.
How does the World compare Russia to America in this kind of issue..... Russian do a better job in Jailing ????
One thing I really appreciate about Neutrality Studies is the diversity of interviewees with different views. Although I have the highest respect for other anti US involvement in Ukraine, the speakers are usually the same and I know what they are going to say.
Ultimately most countries wasted time in denial of the necessity of the energy transition, whereas China quickly got over the stages of grief and got on with it, while also being able to ignore all the armchair critics who expect a systemic transition to happen exactly perfect every step of the way.
Also China understood that the energy transition needs to be themselves but also the developing countries whose peak energy demand is yet to come, whereas Europe was busy trying to be “first” and either missed or purposely delayed the business value of simultaneously transitioning their energy systems as well as developing markets.
US can never keep other Nations from progressing
Great international
and yet, European and Australian are lead by the American in the U.S.A. when all others are laughing...
The narratives in relation to Russia's energy has been anything but sensible.
I am glad that the Big Mac-index is not a viable indicator for GDP or CPI. There should be a CPI-Standard, so Governments can evade certain values important to it. Like the US one, that does not include Living(rent) or Transport costs. which make up a large percentage of "Living expenses".
Dr. Kingsley Jones has a very good understanding of China, its consumers and its industries. He is right about Tesla - although they still sell quite well in China, they do look stale and dull compared to even most BYD cars, let alone Zeekr or Nio. BTW, Hong Kong will be a SAR after the 50 years is up. The only thing that has really changed in HK is that there can be no more outside interference. I am not sure why using the Hong Kong $ necessarily means that the US$ has to be used. It will be pegged to the RMB one day.
I have been spending quire a bit of time in Hong Kong, without doubt, like Taiwan, any unrest was fed by the US & UK. Had a good look around Macau as well, gambling houses packed with mainland China people.
As I have understood it, the sanctions and Taiwan's chip lead concerns only the most high end chips, and that China is the world leader in lower end chips. And only the lower end chips are used in cars and all kinds of machines (and missiles, aircrafts, communication, imaging). They do everything they need to do in their limited application and are on standby most of the time. Being faster only results in more standby time.
The highest end chips are used for stuff like AI training and Bitcoin mining where the value created increases with chip speed without limit. Apparantly they are still useful in smartphones to psychologically give the user a true realtime feeling, but I would think that there is a limit closeby now beyond which faster chips have nothing more to add in that application.
Western factories were pressured to also limit lower end chips. China answered with a 2 fold strategy: first replace imports of legacy chips. This was a disaster for Western producers who lost the entire Chinese market. 2nd was a massive drive and investment which already has produced a result that is on the way to close the gap (with the notable new Huawei phone which is not quite on par yet, but performance was achieved in part by other means). They have far more engineering candidates etc, they will get there with high end chips too in a few years.
@@steinbauge4591DUV2 lithograph machines invented by China recently are able to produce 5nm chips and 3nm with QUAD technology patented by Huawei. They have been successfully used in some new semiconductor foundry companies in China. EUV lithography machine made by China will be released in 2025.since then China semiconductor industry no longer relies on western technology.
I just want to point out how much of a gentleman Mr Jones is for smoothing over Pascal's mistake (normal when using one's second language) by integrating it into his comments from then on... so nice to see. His parents raised him well. Also, I always feel so much smarter after one of Paval's videos. Thank you!
I have long thought the war in Ukraine was about mineral wealth. Long before Lindsay Graham said as much. Just look up where the lithium is in Europe, North America and Russia. The USA may have a fair amount but it can’t get to it because on the environmental destruction it causes, western Europe has little meanwhile Russia has loads of other minerals but not that much lithium, although it gets on with China who has lots. Add the precariousness of getting lithium from Australia to Europe/North America and the USA’s unpopularity in South America and a fight over the lithium stores in Ukraine was almost inevitable. The odd thing is that the USA/west wasn’t happy to get 80% and wanted 100%, but now risks getting less than 10%. Those mines in a devolved Donbas would have still sold to the EU and USA before. Chile and Bolivia are just lucky they are so too far away for a US invasion.
Julian Assange is free & is on his way to Australia.
His useless country Australia didn't fight for his freedom.
To be extradited to stand trial in the US
@@level1selamat155 He'd be safer away from the western world.
The problem with the West and China relations is that deep in the West's psyche, China always perceived as a threat, maybe simply because China adopts different ideology. It's strange actually, since China doesn't tangibly impose nor spread its ideology to any other countries at all times
maybe because it's simply a better system
China is a threat because it shows it has a functioning, thriving social/political/economic system that is an alternative to what the parasitic US Empire has to offer.
different ideology' is just a bullshit excuse. The West just want to hold on to their global dominance/hegemony.
U.S. had no problem working with, investing in and importing from China in the 1980s, 1990s, 2000s. China's governing system/ideology is the same then as now, so what has changed?
Heck, now the U.S. wants to court Vietnam as a friend/ally. Barack Obama, Donald Trump, Kamala Harris and Joe Biden all tripped over themselves to visit Vietnam. And Vietnam is more communist than China!
Also, Russia is no more 'Soviet', and now holds elections. Apparently this means nothing to the West.
Not only different ideology, but also race!
Thanks for sharing and surfacing the truth. 👏👍
10:00 - America's pre-war oil embargo vs Japan is, at best, a loose analogy to its current semiconductor "embargo" vs the PRC, & inadequately reflects the current situation, because:
1. Unlike Japan, China is not in a war, & doesn't have an urgent, life-or-death shortage of semiconductors that could doom it;
2. The PRC can create bottlenecks for the US, just as the US can do so for it; China produces & refines a significant percentage of critical raw materials (e.g. gallium), without which cutting-edge semiconductors (the market segment in which the US has a leading advantage) cannot be manufactured;
3. If there was an armed conflict over Taiwan, the semiconductor supply chain disruption would be comparably harmful for both, since the US relies on TSMC's fabs in Taiwan for the majority of its semiconductor production;
4. The PRC is actually closer to building a complete, indigenous, end-to-end semiconductor value chain inside its own borders than the US, despite being behind on leading edge nodes.
Bottom line - if there was a full scale conflict between the US & PRC, both sides will suffer significant disruptions, but in many ways, the PRC - NOT the US - will be the one that is better positioned to mitigate those disruptions.
Totally agree about the company imperative to improve their product for the generation of Chinese most discriminating consumers. It's so refreshing to hear this analysis from an Australian. I had just about given up on the brainwashing of Australians in their ignorance of China. Thanks Pascal for having this guest speaker. Not that I have a fond attachment to what financial industries have done and are doing for the world ! 😂
This guy is mistaken. Hong Kong is never oppressed politically. He is still biased with western political view. Deep inside, he wants to return to the past.
Hong Kong was essentially an apartheid dictatorship under Great Britain. The Governor was always a white guy picked by the British monarch to rule over the 99% non-white majority. No Chinese person ever held power in Hong Kong until China took over. Now at least a native Chinese Hong-Konger is in charge. Furthermore, the Governor is elected from a set of approved candidates. Previously, there were no elections at all. Amazing to me how many people miss the big picture. The Hong Kong government is much more representative of the people now than it was under Great Britain.
I agree with the idea of energy and currency from Professor Jones. But I don't agree with his view that currency devaluation will help Japan revive its economy. Japan's decline was profound. The efficiency of government operations, dependence on imported raw materials and food, people's education level, infrastructure construction, lack of labor, etc. are all problems that cannot be solved by monetary policy.
Australia missed a huge opportunity in renewable energy. I travel a lot around WA, I noted the Aboriginal communities around the place. In 2012, Premier Barnett started closing them down, I wondered why. They were too expensive to run, I wondered that. It turns out, the governments (both State and Federal), when setting up a community, would install services and infrastructure, for a small town, the smallest possible, i.e. sewage plant, power needs etc. Most communities numbered between 8-15 families, with infrastructure for 5000 people! This was the norm!!! Over at least 60 years!!! Come on Aussie? This shows the power of the fossil fuel industry in Australia, and the power they wield
Yanis Varoufakis acknowledges Chinas cloud capital capabilities as being comparative to the US.
Kingsley Jones really says it as it is, and has an old school innocence capable of depth and humour. Nice😂😊
Thanks for sharing this fascinating discussion on the relationship of such complicated topics such as geopolitics and global economics.
Modern time civilization, especially post-industrial revolution, builds on energy or specifically hydrocarbon fuel whilst yesteryears civilization featuring either agrarian or nomadic builds on # of land & manpower or land & cattle. The tricky part is human can harness green energy without limitations by geographic locations, and this is where heaven lay flat ground for all competitors and power politics will shift to whoever country that can dominant this technology which is China today.
Informative Information for knowledge seekers listening is an important asset. GET INFORMED THROUGH THE LEARNING VERY NEEDED PROCESS.
Great video! Intelligent and frank!
To say cheap Chinese imports caused low U.S. CPI and hence a low interest rate policy is the culprit of current US problem, is missing a major factor. That is the over supply of money printed. Without easy supply of money, just cheap Chinese import can not cause enormous reality rise.
Great interview and fantastic guest!
For similar analysis of interaction of markets and macro economics with geopolitics you might consider eg Louis-Vincent Gave, Doomberg and even Luke Gromen.
Anyway, love the channel.
An informative article!
Your looking at it way too simplistically. Australia made the decision to not focus on manufacturing, politicians said to the people don't worry we will be the smart country. The western countries have open sourced 95% of its technology through universities. They have trained foreign students on mass, this has allowed countries like china to leap frog in terms of years it What the would normally take to acquire tech. Then there is long held practice of intellectual theft, in every area including military.
In China's case what they could not learn by having thousands of joint ventures with western manufacturers, they paid for, employing the western engineers when needed, even designers from Italy and Germany.
Getting back to Australia being the smart country, most rising countries are as smart as us or smarter, are hungrier for success than we are. The authoritarian governments just give the order and a times the whole counties gets behind it. Chinese government makes things happen, Australian politicians fight amongst themselves for years and then wonder what happened.
China has already won the renewables race and are now working on the nuclear race, out of the 59 new nuclear reactors under construction, 25 are in China and are being built by China National Nuclear Corporation (CNNC). Solar and wind just are not reliable enough, you will need a over capacity of up to 300% to allow for the days and weeks of cloudy weather on a week of no wind, China is well aware of this. If there is a small scale nuclear war, or a large meteor hits earth, solar out put will be significantly reduced.
Unfortunately Australia will need nuclear technology at some point in the future from a military stand point. Just look at what Russia has been able to do because the threaten everyone with nukes. Australia will need nuclear weapons we don't know if the USA will always be willing or able to defend us if they are kept busy. China has already threatened Australia with a potential missile attack reminding us they have the capability. If we get USA subs they will need to be nuclear armed to have a effective deterrent.
Australia needs nuclear just like most other countries have realized they will. Australia is handing out financial help because of high power bills even though we have massive amounts of roof top solar, people got rebates and grants for cheap instillation, the replacement costs over the next 20 years is going to wipe out a lot of the house energy saving from solar. Now lets imagine that every car, motorcycle, bus, tram and train is electric. In that world we simply will not be able to produce and store enough from renewables alone with back up in case of disasters, massive hail storms, carrington event or an emp attack most likely would take out large solar farms. People need to stop living in a world of rainbows and pixy dust.
don't forget there is also the high pressure long distance of electricity transmission techniques 😱
Pascal can really try to contain his blubbering. Just when the guest gets to where you most want to hear where he is going Pascal has to interrupt and blubber.
And such snipes like “when people stop wanting gold the price goes down”…. Must have learned that in high school economics class….
While the Sun shines everywhere, there are places like Egypt that has clear sky and long days almost all year long, and then there are many countries that have short summer where days are longer, and most of these days have clouds which significantly reduces energy produces.
all country nations interest new global economy new currency support with China and kuck out old dollar old currency, we want new global currency
@32:25 This is because they (customers) are spoilt for choice. Competition is really tough for the sellers who must offer better prices, more features at same/lower prices, better follow-up services, etc.
Australia is smart to protect its own way and autonomous sovereignty.
22:58 - “...and you know the assumption underlying that is that, oh well of course Democrats
innovate and cooperate and collaborate, and autocrats can't innovate, because they're autocratic, they …. by definition autocracy has one person telling everybody what to do, so how could you be innovative?” Are you kidding me with this? From the White House -- "Healthy market competition is fundamental to a well-functioning U.S. economy. Basic economic theory demonstrates that when firms have to compete for customers, it leads to lower prices, higher quality goods and services, greater variety, and more innovation.[1] Competition is critical not only in product markets, but also in labor markets.[2] When firms compete to attract workers, they must increase compensation and improve working conditions." Communists and Socialists collaborate and cooperate, not "democracies".
Renewable energy hv help China improve the quality of air in China n lower air pollution 😅😅😅
Yes, everyone forgets this. West used to bash China relentlessly for the filthy air and water. So China developed their clean power tech and turned the pollution around. Now all the clean power tech is under sanctions and tariffs. They can't win.
Why to use the word "war" constantly, almost in every subject? Guess it's not gently.
Mr Lottaz, if only you could interview Mr Daniele Ganser!❤❤
For ships, plenty of alternative bio-sourced fuel types, e.g.: DME, DEE, methanol or even biomass, and solar sourced - NH3 and Hydrogen.
🛰️ Taikonaut 🛰️
🛰️ Space Station
🛰️ Satellites. 🛰️
🌀 5-G + 6-G &...
🚀 Hyper Sonics
🚀 Submarines
🚀 Craft Carriers
🚀 Jet fitters
🚀 C 119.crafts
🚀 Drones ...🚀
🧞 Master of:
Land, Marin &
Space
Construction...
& Beautiful people
With over + 8.000
Years intelligent
And cooperative
Culture...🥇🐉
💚🐉🇨🇳🐉💚
🌀☸️☯️🕉️🌀
🌜🌍👀🌎🌛
i wish i was
💙Chinese💙
Australia has iron plus good engineering staff.
Build coal fired powered electrical supply and invent good scrubbers.
The captured co 2 has a good market
earlier today I watched Lottaz interview an Argentinian fellow and this interview seems no longer to be available, so what's going on?
Informative Information for knowledge seekers listening is an important asset.
FOR ME NOW I'VE MORE ATTENTIVELY LISTENED BECAUSE THERE AN ACCEPTANCE TO A NON CONCURRENT ATTITUDE "BUSINESS" ALWAYS IN THE FOREFRONT OF ECONOMIC CONTROLL FROM THE UK'S IMPERIAL DAYS WITH ALL RACIAL INFERIOR SUBJECTS.
Idealogy is a spent force. The better focus is to use any technology, systems, pathways, or design. China has proved the limitations of the new dynamic thinking.
The semi-conductors that EV needs are of higher nanometer types that China can produce even under sanction. BYD produces and uses semi-conductors that it's own factory produces ad is mostly self-sufficient in all the important components in its own EVs. That's one of the main reasons that BYD could offer EVs with such attractive prices!
16:12 America is the greatest nation on earth? Where are America's manufacturing supply chains? What happened to America's manufacturing base?
Ironically, US weapons (missiles, planes, etc.) are highly reliant on Chinese chips!!!
52:00 And the gap is getting accumulated in ever smaller amounts of the basket of people with all the implications that has on living cost etc.. I understand if an investor might not go there willingly.
I do not understand how dedollarisation is mixed up with currency those are different things.
People who are concerned with weak currency are either those who invested in that currency in FX or/and those who travel or import stuff.
For your information the litography machine was invented by china and sold to the west. You got the story all wrong! The turbine or jet engine was also a chinese invention given to the British during colonial wars as a peace treaty.
Based on data it is not true that China has monopolies that operate similar to the monopolies in the US. In the last few years China has even cracked down on many of their large companies’ monopolistic behavior, including Alibaba and Tencent. Another example is BYD and CATL does not have a monopoly, since they have to compete with scores of other companies in the EV and battery market. They are just currently the largest and have to remain very innovative to stay competitive. These large incumbents cannot easily do backroom deals to gain political financial support given the crackdowns on corruption. All one has to do is walk into one of the many expos or electronic markets in China and see the multitude of small innovators and entrepreneurs striving to make their mark.
45:30 USD pegged to HKD, so USD will not disappear in international trade 49:00 gold returns in Australian dollars after China joined WTO
54:00 low value of currency does mean better export, BUT one fact changes that rule "Trust".
If you app is true, ask why does not world purchase more from Africa, India, Japan, So America today...
One other issue in question is with low value of one own currency mean INFLATION of cost of living aka $1.00 US single Egg
Each currency has a natural way of holding its own value just like water finds its own level.
After Mao: Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice."
Solar power will always be a highly commoditized & transactionally intensive form of energy, unlike other energy infrastructures that are less dependent on commodities and far less transactional dependencies i.e. it is almost in a hidden sphere of the market, while enabling the market. This reality is exposed when considering that the US has demonstrated that energy independence can be achieved within a few decades - the shale gas revolution. The US is already advancing toward the next phase of energy independence with next-generation thorium-based nuclear energy, which is extremely exposed to global proliferation due to the low resource need and thorium's more abundant and widely distributed globally. Thorium-based nuclear energy is, at this stage, the only true form of energy supply that can sustain economic activity in any future modern community. Debating the merits of energy supply as the essential product of globalised commerce is not wise. Energy should not be the primary reason for commerce; rather, it should enable all other forms of commerce, just as the sun has always done.
@30:08, Regarding Tesla, he is right, the inside is 'tired'.
A thought experment, an impractical device that is easy to check for mechanical workability. Its parts are large enough to act as everyday mechanisms but small enough to work well with the nanometer scale thermal motions of gas molecules. This device hypothetically creates self powered thermal diversification:
Sketch made with keyboard characters:
COLD ())--:PARTITION:-->> HOT
Key
()) = Paddlewheel.
-- = Axle. (Continuous from end to end)
: : = Axle tunnel going through a wall.
>> = Lumped friction element
Please visualize two chambers full of inert gas separated by a very thin partition. The partition is thin to delicately support billions of separate nanometer scale short axles running straight through loosely enough to rotate freely but not leak very much heat so the chambers can hold separate temperatures.
On the left side, a very small paddlewheel is mounted at the left end of each axle. On the right side, lumped friction elements are mounted stationary in place on the partition, one for each axle, for the right end of each axle to run through. The lumped friction elements convert the mechanical rotation of their axle into heat. The lumped friction elements do not impart Brownian motion to their axle.
Brownian motion (a nanometer scale effect) turns the paddlewheels at random speeds randomly clockwise or counterclockwise. This random rotation is turned into heat by the lumped friction elements.
The committed, linked, and functional roles of the walls, paddlewheels, axles, and lumped friction elements in differnt places should systemically produce a divergence in the thermal energy in the two chambers without adding external energy.
Aloha
Was great until the Tesla bit then l turned off
China very specifically DOES invest in the SMALL companies and NOT the large established corporations.
China made it hard for foreign investors? Um, no. Look at the FDI stats fr the last 30 years.,
There is too much talk of cars here. A least in cities bicycles need to be promoted far more. Pedal cycles also benefit mental and physical health while being easy on the pocket. Come on get more progressive please.
I'm old enough to remember when Japan was seen as pre-eminent. How times have changed. I can't believe how irrelevant Japan has become.
It's not a war.
46:00 The US Dollars: Yes some trade will be done in US Dollar, but now others currency can and will be use in world trade.
The underling again in this issue is $20 Trillions $$$ printed US Dollar are going back to USA in exchange for goods.
And now, some good worldwide if choice must be purchase in local currency other then Dollar. Thanks to US Sanction.
This is unrelated to the article of who is winning or losing. I am a general skeptic on solar/wind as renewables as a replacement for carbon as of today. Advances in technology may change the narrative. The reason is a single variable which in summary is the cost in energy to make energy. A human swinging using a basic unpowered tool is of course a ratio of 1:1. When man domesticated the horse and work ox, the ratio goes to 2:1. There is an extra cost in that a man has to feed his horse. But the horse's extra energy requirements are worth it. Carbon be it in the form of oil/methane/coal has a ratio of anywhere from 20:1 to 25:1. There is extra cost in having to extract the carbon from the ground, transport it, consume it, and produce something that is doing the consuming and/or transmit the power to od useful work. Nuclear is the best at around 40:1 because, even though you have to do a lot handling of that tricky uranium, you don't need very much. You also do not have to build very much infrastructure as a single containment vessel can support a lot more Mw then anything else.
Wind and Solar come in at 8:1 to 12:1. The reason for the low efficiency is you have to build a lot more infrastructure to support. You need to mine a lot more metal, and a variety of more uncommon metals, plus lots of concrete to build the infrastructure to capture energy. These wind and solar farms are not next to the energy customer. This means more infrastructure has to be built to transport energy. These systems are also have shorter life cycles. A power plant can last 75-100 years. A turbine or solar panel lasts about 25. That means recycle/disposal costs have to be considered.
Now one could claim these numbers are false. For any skeptic, I encourage you to do your own research or find your own pundit to disagree. I am of the opinion that renewables at this time are a drag on economic productivity. You are spending resources on not necessarily the most efficient thing. If we were really interested in independence from the oxidation of carbon for energy production, nuclear was always the best choice. If radiation scares you, I can list scores of other equally dangerous chemicals that we happily release into our environment. The nuclear power industry is built on technology from the 50ties and 60ties. There is no reason that technology that has matured 50-70 years cannot solve some of the issues of safety regarding nuclear power.
So just because someone is winning at doing something that really does not make sense, is not something to hang ones hat on. All it shows is that the Chines Communist party drank the kool aid of the environmentalists who never were interested in saving the world. Instead we have to mine every greater quantities of ore in third world countries that environmentalists do not care about.
by the time you say the Chinese communist party, you are biased against China. The party is part of a political system, nothing to do with what you are talking about. If the Dems or Reps in China, they can still carry out the same thing if they believe in those environmentalists you are refering. So what you are saying is the CCP is stupid because its a communist, isn't that right?
I don’t know where you got your figures but based on my simple research the ratio you are talking about is EROI which is inaccurate in your figures.
@@skydragon23101979 It is on you to state why they are. I am not stating as a fact other than those I received at least made the attempt. For example, you can measure how much metal and concrete has to go into building a wind turbine. What kinds of metals and how much energy is required to do the extraction, to do the refining of the ore, to the fabrication of the device, the installation of the device, the maintenance, of the device, and of course the disposal or recycling of it. The people who made this attempt were materials speculators in the futures markets. They were interested in as you state the EROI. They spent several years compiling their data. They generated energy numbers for every single commodity on the futures market that is involved in energy. This is a big deal as the EROI for attracting oil in Saudi Arabia is massively different then the EROI for extracting oil from the shale formations from Permian basin in the United States. There are of course some minerals that will have a tighter range as for example there is no longer places where you can just pick up nuggets of copper. No matter how you slice it, if you want silicon, you are going to have to do an energy intensive oxygen reduction reaction from quartz.
When you say your figures are inaccurate to what I stated, take with a grain of salt you based your numbers on simple research where these people put some serious time into their publication including their data. They could still be full of it. But your welcome to tell what numbers you came up with and how you did it.
@@skydragon23101979 My very long reply did not update. I will summarize. The people who made the claim were multidecade commodity traders who were interested in the question. It was not simple research but a multi-year investigation based on their decades of knowledge on the true cost of extracting and refining. Again, this is not how much currency is required, but as you state the EROI. My question to you is what is your model? Since their research was not simple, I am more inclined to trust their numbers. You are welcome to present your model and what conclusions you made. The model is important. For example, some people add carbon sequester to the currency or energy cost. Well, no one is doing carbon sequester. That is why there has to be an agreement on the model.
These are rarely heard but intelligent points. I disagree with regards to nuclear solution as fine because we already slosh the Earth with deadly chemicals, and you didn't convince me that nuclear is a good return on massive infrasctucture nvestment, degrading over a short ten to fifteen years. But I particularly appreciate your point about robbing the environment ( for minerals) to save the planet( reducing emissions ) .
My suggestion is the only way to resolve the electrical energy consumption crisis is to......reduce consumption, not ' keep up ', not grow it, but actively reduce it. And I'd gladly advocate policies of population lowering targets in favour of lowering emissions and consumption, and generally not exceeding carrying capacity of the planet. But economists leave the table at that point.
There is BRICS+ partners Russia, Iran and the Arab world as well
China action: refer to Queen Victoria Great Britain Era, expand, share British Tech and develop new market for Brits goods.
The reference to China as water is sport-on. Remember Bruce Lee said: “ Be like water…”
I remember Hong Kong still under Chinese government security law. Another word has a steel one country two system.
currency is a man made, "agreed system of exchange", capable of great fluctuation, including collapse.
gold is a finite resource, and as more is mined, used, sent off planet or removed from the available usable resource, the price of the remaining commodity on earth will naturally increase.
very anglo thing to think Hong Kong their former colony is so important
Where I live they call a Tesla car a washing machine.
The barter economy is to come back, the exchange of international trades will be on tangibles like metals, grains, oils, meats, ....etc. and fiat money as needed.
Issue risk China - Australia's Defence Policy In 2023 Explained - ua-cam.com/video/sgspkxfkS4k/v-deo.html
Don't Japan struggle with very low relative wages compared to other developed nations?
No
Yes
34:00 today, China is like WATER.... it can move where all other fail....
He has no idea what's coming from Tesla! He speaks with such confidence while being so outrageously misinformed.
Transition ti stuff ti make a few rolls ch and litter the landscape
Which Chinese dynasty changed because the last emperor got poisoned?
Interesting conversation. We are isolated in the US so I guess we may be entirely different from the rest of the world. I live in one of a handful of the most populated areas in the US, and there is virtually no market for electric vehicles here. People who buy them tend to be wealthier. We have no grid system to accommodate them. We have a limited market for solar panels as some people do install them. Windmills appear only in more isolated areas. Of course, I am unaware of what will be done with the waste from these pollutants. I personally consider the windmills abhorrent pollutants of our beautiful land as do many other Americans. They are intolerable and efficient from my point of view.
I feel the same way about oil derricks, mules and above ground gas lines. Sadly my offense never effected those one iota.
It was Eric Li who said that the capitalist can't influence government.
Traduzcan por favor
😂😂😂intransparent process of getting government money in China vs. extremely transparent process of lobbying in US. Which process is more friendly to the smaller guys, I wonder?
the west should have a sense of shame but it doesn't. what can u do?
Chinese Over - the F - capacity
But will be possible that China always wjn ?!