China’s Manufacturing Supremacy: Implications for Global Power and Economics

[@Darkmatter321]

Quite amazing how far a country can come in such a short time if the management is not corrupt and is not bought out by the big corporations

[@wenling3487]

It’s not that short. It takes 70 years of careful planning and an iron heart to insist such policies for a long time. Of course, China also has some luck, e.g. Soviet collapse and Osama bin Laden, etc. But I would say, the number 1 reason is its leadership. Over 70 years, every leader is competent, which itself is miracle.

[@willengel2458]

@@wenling3487 to give credit where credit is due. you left out the Soviet Union provided China with move than 150+ programs to industrialize. although some of it were canceled when China and Soviet had some disagreement. India also received the same programs.

[@satriojumeneng7055]

Do you mean the more corrupt the government is, the shorter time it takes for a country to achieve what China achieved???

[@yunshenghe932]

​@@willengel2458China fought the Korea War well and won the trust of Soviet Union, which in turn returned some of the Chinese territory and helped Chinese industrialization in 50s.

[@一个说话大声的中国人]

@@wenling3487 it helps having the enemies like the US and the west over 170 years

[@satriojumeneng7055]

Considering China's improvement during the WTO era, we can be sure that China is playing by the same rules as the other, except the Chinese are more diligent and hard working.

[@PhiloSurfer]

Yes. China played by the same rules. Where they did not, they are taken to the WTO for arbitration. Ditto the US and EU. Some times China win, some times China lose the case. The US has in the past decade had more cases against them, which is why it blocked the appointment of appellate judges in the WTO/

[@ZgO_o]

​@@PhiloSurferaccording to WTO you cant put more 100% tarrif on imports then why put it... same goes with U.S illegaly sanctioning numerous countries, invading, supporting genocide... look inwards and blame your own leaderd incompetency, China spent over 9trillion$ on self improvment since 2009 and U.S spent 9trillion$ on Iraq and Afghanistan since 2009 and expects other countries to play by the rule.. LMFAO,

[@rap3208]

@@PhiloSurfer Trump broke off (although not officially) the US from the WTO during his first term. this is because they refuse and won't abide by WTO rules anymore.

[@trekpac2]

Yes, they are just playing a much better game and are scoring a lot more goals.

[@joyceching6487]

@PhiloSurfer 😂😂😂 ... "... which is why it blocked the appointment of appellate judges in the WTO." 😂"Rules-based Order"😂

[@thechloromancer3310]

"China's practices undermine the level playing field..." This is the sort of rhetoric from the US/West that really gets under my skin. Under the 'level playing field' the Global Majority has remained poor and under-developed while the leading Western powers enjoyed exploitative trade and political relationships best described as 'neo-colonial'. The Global Majority welcomes China's disruption of the status quo, as it results in the (much-delayed) development of nations long held under the thumb of US-led international institutions.

[@korloff4955]

US AND THE WEST BUILT THEIR COUNTRIES BY INVADED, ROBBED THE WEALTH OF THE COLONY, USING SLAVES TO BUILT THEIR COUNTRIES AND FORCED TRADE THE WAY BRITISH FORCED OPIUM SOLD IN CHINA. WHILE CHINA BUILT THEIR WEALTH BY HARD WORKING OF THE PEOPLES AND NOT BY ATTACKING ANOTHER COUNTRIES, ALL THE MORE BY ENSLAVING BLACK PEOPLES LIKE WESTERN COUNTRIES.

[@willengel2458]

China's practice is its ability to say, "Fuck no" as it did in the Korean Peninsula. Again in Vietnam. level playing field for the empire is do what i tell you to do.

[@garytan9904]

the host still have the western Nostalgic glory and China is stealing, the west needs to wake up to the fact nobody is subservient forever and rest of the world needs to move on

[@一个说话大声的中国人]

talking about the level playing field, both the UK and the US were and are drug dealers, and the Queen was an opium kingpin, including Eleanor Roosevelt, the American's angel and wife of President Roosevelt

[@rap3208]

It is actually the US that keeps on breaking the rules, hell they had to break off from the WTO because they couldn't anymore abide by it.

[@BlackblueCherry-j4y]

China is really amazing. Admire and love it. 😊

[@Chris.Davies]

China is really awful. Disrespect and hate it. :) Only people who don't know about China, like China. Including Chinese.

[@JIANGTG]

The world should know that China's 56 ethnic groups are firm believers in the Chinese saying " FOOLISH OLD MAN CAN REMOVE MOUNTAINS " ( 愚公移山 ）. They have strong determination , enormous capabilities and creativity to conquer / remove all obstacles / mountains in relatively short period of time , especially with the far-sighted , pragmatic and effective government leadership.

[@markmahan38]

About the Chinese currency manipulations. It should be known that the US and West also do currency manipulations. That is something which this Professor left out. So how fair is this leaving out that crucial FACT of leaving out the US and West's own currency manipulation? Something he should be aware of. In the case of the US. The US forces currency values to devalue and even plays a integral role in rise or fall of foreign currencies. Especially in the context of the US dollar as the reserve currency in the world. Or the US being in control of the interbankig messaging system known as SWIFT. Or US's controls in the IMF or World Bank. All and more that contributes to the CONTROLS which the US and West have over not just currencies but economies, trade, and so on. Sanctions which is also another form of manipulation on Economies, especially those of the Global Majority or Global South. Of which China is a Global Majority or Global South member. And while the US and West play a destabilizing factor. The Chinese are having a more positive role on the world stage. China is not perfect but, they are not creating chaos like the US and West.

[@yojimbo3681]

I'm going to add to what you said: America does not just manipulate its currency, it OWNS the world's reserve currency. This was a deliberate move going back to the Petrodollar and before. America is the global authoritarian that pretends to be a player of democracy. But how can it say that when it OWNS world trade? It literally prints money because they know other countries are forced to buy their debt. This is just global dictatorship with extra steps. It's like the teacher who has the class sit in a circle and promotes diverse opinions among the students, but at the end of the day, the teacher still gives out their grades, and not the students. And when a student complains they can't assign their own grade, the teacher sanctions that student and bans other students from trading with that student. Global dictator.

[@CodeCreateCraft]

True, well said.

[@一个说话大声的中国人]

talking about the level playing field, both the UK and the US were and are drug dealers, and the Queen was an opium kingpin, including Eleanor Roosevelt, the American's angel and wife of President Roosevelt

[@andrewlim7751]

The USD as a reserve currency itself is a form of manipulation, and a major one. 😂😂😂😂😂

[@CodeCreateCraft]

@ True

[@wynetsang]

Science and Civilisation in China (1954-present) is an ongoing series of books about the history of science and technology in China published by Cambridge University Press. It was initiated and edited by British historian Joseph Needham (1900-1995). China has several thousand years of tech experience while the West only has several hundred years since the end of the Dark Age.

[@4-SeasonNature]

The USA practices economic coercion the most by imposing trade and financial sanctions. It may get Greenland this way too.

[@xiaomingguo6826]

Every country has a monetary policy. You cannot single out China and name it "currency manipulation". The US breached the Brenronwood Agreement and created the global floating FX rate system. It is every country's own business to implement monetary policy for its economic stability.

[@chasx7062]

Unless you are countries like Japan & South Korea with foreign armies on their lands, then you bend the knee and accept what crumbs the Plantation Owners demand eg Plazza Accord

[@robintan502]

I mean how else does the US and most of Europe fund their excesses and mountains of deficits despite not being able to produce and manufacture anything of real value, outside that of creative financial "deriavatives" and speculative valuations?

[@韩伟-z6x]

抢劫、印刷。 大航海抢银、抢矿、抢地、抢人，当今的美国舰队就是重复大航海干的事儿。 阳光下没有新鲜事儿，历史总是在重复。

[@jrkr7357]

Nobody can match Chinese hard work on 2 hands and legs ...... Chinese faced famine before in the 1960s, so once they found an opportunity in WTO, they grabbed it and excelled....

[@cooper1819]

The high cost based is main reason why America cannot continue to dominate manufacturing, compared to Asia and China of course. Outside America, especially in Asia, most people don't pay rent, low or virtually free education, healthcare, low income taxes and China also not pay annual vehicle taxes. You buy it, you own and use it. With this very low cost base, that's why the Chinese / Asian can still live very well even with half or less than an American salary. With this structural disadvantages, is why Asia manufacturing costs are so much lower than America.

[@koklintan1300]

A biased and wrong analysis of China rise as industrial power. The key reasons are primarily a huge domestic market that China developed, removal of discrimination against women, a culture of striving for higher education and hard work, sacrifices of country peasants moving to cities , independent IT and Telecom infrastructure, Research and Innovation , an effective public governance and long term industrial policy etc

[@waynegrimes7610]

Effective public governance is a big one. A thing the US could learn from instead of it's irresponsible capitalist, corporate money making orgy for the one percenters that run the US government and hence the world.

[@pjtomtai]

Alternative is always good. You need alternative supplier, we need alternative order.

[@raylee9721]

China's success rose on the backs of millions of hard working laborers. All that sweat and many times accompanied with tears. Not all easy nor without problems and sacrifices. Mind you, there is the favourable government policies and limited corruption or waste.

[@haider1950]

Boston Federal Reserve Bank: “When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” Why isn’t this one of the biggest political issues in the country today? The Federal Reserve is at the center of a controversy over central banking that has been around since the very beginning of the United States. Unfortunately, the Federal Reserve system is so incredibly complex and the American people have been so “dumbed down” that the vast majority of the population literally has no idea how our system really works. PBOC is following Fed. Financial Armageddon is expected soon.

[@chngcheehwee5433]

They cheat lies steal...

[@bunkerhillct]

No

[@daily-life-pro]

Believe me I enjoyed this more then anything last 2024 !

[@bengong4383]

Xi Jinping is a great motivator who has taken China to immense heights, and more are in the horizon, especially, in space and the 1,000kms hyper loop train. Sit tight, guys, the show is just beginning!

[@keirenle]

America does not only need to content with external challenges, they also have to deal with each others and i have little hope that they can manage both.

[@yz6039]

Thinking spending more money on military means more powerful is simply laughable. For example, China is able to produce an advanced destroyer at a fraction of the cost in comparison with that of the USA not to mention China already has the 6th gen fighters while the USA only has PPT about it.

[@henryng7893]

Liked, subscribed.

[@rudiechinchilla6746]

I m so glad people can access many goods worldwide cheaper from China

[@murleekumble2971]

It was the Red Army which won the war and NOT the USA.

[@chasx7062]

Correct !!

[@ryanewoldt8809]

If America instituted tariffs and eliminate income tax that would change in less than a decade 🎉

[@cooper1819]

While generally got China right, the move for many developed economies to offshore manufacturing started in 1970s, that spur the Asian economic Tigers (S Korea, Taiwan, Hong Kong, Singapore), which China started to copy from 1980s. And the reason for China's dominance for manufacturing because of their local 1.4 billion, more than 4x of US population. Most of the manufacturing outputs, EVs, solar, machineries are for local Chinese market, only 18% out China GDP is exports, so it is the huge Chinese market, which many foreign & American companies' key market for sales & profits. Key reason missed is America's move towards Software, Digital & Investments, just look at richest people in America over the decades and could easily see the change of direction (lagging signs) from oil, to manufacturing, then retail (Walmart), then Investment (Warren), Software (Microsoft, Oracle) and now (Big Tech). What's missing is how China in 2010 was still very backwards, highly corrupted, low value manufacturing to powerhouse today? Its thanks to America. Bush ask Hu to help during 2008 for Financial crisis, where China poured $1.7 trillion into infrastructure (America gave $900 billion to bankers). That's how in a decade, 2018, China's infrastructure (highways, ports, airports, high speed trains, EVs, solar, dams, property, etc) became so good, that has spare change for Belt & Road (BRI) for their neighbours. Should look at the wider picture and is easy to see how America can catch-up... just invest in itself.

[@nancyyan2194]

To dominate manufacturing, a country must have raw materials. In this case, China has advantages over the US and western countries

[@raylee9721]

Same old same old: When the old guys win, its legit, when the new guys win its from cheating. Good grief.

[@johnchen7466]

So, it is not suiting America? Different story if China were to continue with manufacturing low tech consumer goods!

[@AIPretendingToBeHuman]

I wonder if there’s a relationship between 1 trillion usd trade surplus and 6th generation fighters 😊

[@qake2021]

👍👍👍🇨🇳🇨🇳🇨🇳😃😃😃✌️

[@qake2021]

👌👌👌👌👌

[@rudiechinchilla6746]

We outside the US don t like Trump and the new mentality of the people in electing someone so bullying like him.That only brings resentment towards that country and that does not mean we re communist😢

[@hermanhsu5994]

The same old cliche, over and over again.

[@suanjiewtan8936]

This is the reason the West loss

[@anwarsaeed3573]

Hard to say what's going to happen. Climate Change and Loss of Biodiversity on the Earth are now of far more importance. Let's see what happens to human species in the next 10 years!

[@chasx7062]

Lets see what the Don does to Greenland, the Military Industrial complex caused the global warming and now they benefit LOL

[@elric8885]

The answer could very well be, that China simply assisted the erosion of a Western economies by multinational corporations. Liberal international order or a multipolar world? I guess we’ll see whether humankind & nation states want a second channel to tune into. Great videos with great insight and questions. 👍

[@FAFOrednickinsell]

Why are you blaming just liberals You fell into the Conservative narrative Like it was Democrats who wanted to offshore the union jobs of their voting base 🙄 All these older Americans Jerry act tricks acting like sud denly woah oak snow fl ache Americans they dislike so much ​​⁠ ​​⁠Back in the late 1980s I was warning about Free Trade and the push for Globalization Especially when it came to the rise of CCP China. This was before their GDP was even a blip on the radar. When 88% of the population was nee deep in the mud of the family rice plot or making 1 dollar a day on a factory floor yet was getting laughed at and called a CCP 50 cent army poster. Must be a Communist Trai tor, against Capitalism and worse names That’s because these Conservative minded folks back then, were pushing for Globalization and Free Trade Going back as far as 1972 when Nixon went to China to get them to open up? It was just 10 years after the Great Leap Forward And right sm ack dab in the middle of the Cultural Revolution where 10s upon 10s of millions in that country met their demise Yet we spent the last 50 years buying the gadgets made off of 100s upon 100s and 100s of millions of migrant workers Paid slave like dollar a day wages So yes… since then we have all sold out typing suddenly woah oak snow fl ache indignation on our Chinese made gadgets even if not made in China will have Chinese made components in them. Right down to the very rare earths used to make them 👇 Remarks at a White House Meeting With Business and Trade Leaders September 23, 1985 Thank you very much, and welcome to the White House. I'm pleased to have this opportunity to be with you to address the pressing question of America's trade challenge for the eighties and beyond. And let me say at the outset that our trade policy rests firmly on the foundation of free and open markets -- free trade. I, like you, recognize the inescapable conclusion that all of history has taught: The freer the flow of world trade, the stronger the tides for human progress and peace among nations. Reagan library

[@chasx7062]

someone is censoring posts here grrrr

[@panmichael5271]

What does Zeus have to say about this?

[@psikeyhackr6914]

How is Planned Obsolescence a factor in this Geopolitics? How much PO was going on before World War Two? John Maynard Keynes never saw a television commercial for automobiles. We aren't in Kansas anymore Toto! Economists do not say much about NET Domestic Product. We are living in a Science Fiction Reality. Daemon & Freedom by Daniel Suarez

[@chasx7062]

Planned Obsolescence is End Stage Crony Crapitalizm heheh

[@LupaAkter-f7p]

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[@albertwoodeasy9021]

🎉

[@waichui2988]

Tell us something we don't know.

[@akakakakakak3084]

Well, he doesn't know what you don't know.

[@ButchCassidyAndSundanceKid]

President Xi Jinping wants Chin to move away from low-cost manufacturing to hi-tech cutting edge industry in 2035, that's very ambitious. I think the Chinese are very good with keeping promises, I'm sure they can do it.

[@coco-ni9ks]

No need for 2035, now they have space stations, BDS, 7nm chips, sixth-generation warplanes, 004 nuclear-powered aircraft carriers, and their electric cars make NATO countries shiver

[@Maromas806]

Aceptar que U

[@zdj-h9m]

The United States should continue to do what its best at: weapons making. This is not a joke. Wespons technologies, over time, trickle into civilian sectors. That helps to save costs for manufacturing corporations and by extension the consumers.

[@chasx7062]

lol !!! They no longer have Nazi scientists despite being NeoNazis hehe

[@johnwhoo6194]

speaks like a politician , not trustworthy 😂

[@edwardsodke5860]

You forgot one thing. We did the R&D or funded R&D in universities. The Chinese copied the technology, reducing the cost of their products. I doubt that Tesla or VW will beat BYD. BYD starts at 20,000 and goes to 50,000. Tesla begins at 48,000 and has a higher energy-dense battery, which catches fire more easily, and autonomous driving. Do we really need autonomous driving? With a global depression and inflation looming, I think people will buy cheaper cars. Asia (China, Thailand, Singapore, Indonesia, Malaysia) likes to buy Asian products as they tend to be nationalist. Musk must be crapping in his pants.

[@andrewlim7751]

China copy which technology? Be specific?? How about one example??? 😂😂😂

[@andrewlim7751]

Btw, do yoi know there's something called patented technology? You are not allowed to sell anything to the market without paying yhe patents?? And mind you, china is a staunch supporter of world trade, anyone can get sue in china and u.s for selling patent infringed products.

[@fannyalbi9040]

Not china My superpower country india

[@XaiVaj-g8m]

It will take India 50 years to become advanced economy.

[@ftu2021]

@@XaiVaj-g8m 40% of indian population dont have internet

[@hooikeatang8000]

India is one big joke.

[@rap3208]

@@XaiVaj-g8m And in that same 50 years, China would have advanced more to widen the gap.