Pres. Xi made clear China isn't backing away from centralizing its economy: Michelle Caruso-Cabrera

Michelle Caruso-Cabrera joins 'Squawk Box' to discuss President Xi's meeting with American business leaders during the China Development Forum, key takeaways from the meeting, business outlook in China, Treasury Secretary Yellen's speech on China, state of U.S.-China relations, and more.

[@motombyesele1346]

You guys make me sick with some of your comments. How do you define excess production capacity? Without excess production, there will be no International trade. When China was doing low-end manufacturing the West never complained now they are into high-end production they are talking about market saturation/over-capacity. See!!!!

[@zjdye]

That's true

[@KayyHong]

America and its vassal states will say whatever suits them. It has always been this way and they call it "Rules-Based Global Order."

[@Alloytribe86]

No no china is dumping product using cheap labor and shitnproducts

[@jiahan3849]

Patently wrong. Study Economics 101 first.

[@ssuwandi3240]

Basically what the US policymakers could have said is as examples that China EV has potentials but we only have a quota of such and such in EV imports in stated X, Y and Z that would require American jobs to be filled at such and such rate in each state by 2024 and 2025. Highly targeted and strategically engaged policies.

[@keungpang2176]

China is not listening to us, that's why their economy is doing so well. 😂😂😂😂

[@sunnyhill3000]

Because China can see clearly the strengths and the weakness of the US system, they learn the good things and also avoid the bad things. However, the US just not humble enough to admit that. On the other hand, they see China as 100% bad. If it is, why China keeps making progress

[@ScentlessSun]

@@sunnyhill3000When China invents anything as revolutionary as the Internet, television, the transistor, integrated circuits, CPUs, RAM, personal computers, airplanes, helicopters, GPS, the lightbulb, electrical power grids, mass production of products, MRI medical imaging, nylon, hearing aids, LEDs, chemotherapy, lasers, plastic, microwaves, email, social media, KZbin, the submarine, the electric motor, telephones, reusable rockets, electric guitars, video games, genetic engineering, fiber optics, nuclear power, and then lands on the moon….America will humble itself before mighty China. For now, it mostly steals our technology. The modern world and China is built on technology invented in America. Trading with America lifted China out of poverty. And China builds up its military as though the USA would ever attack China. There is zero chance that would happen. America admires the Chinese people and culture. It dislikes its government but not enough to go to war over it. However, it won’t allow China to invade Taiwan. Peaceful reunification is the only option.

[@NorCalMoDo]

@@bijarjatoiEnglish language media controlled by the moguls in the US and UK has definitely succeeded in convincing their listeners/readers that china economy is in trouble.

[@lekaido]

Yeah, build some more ghost cities.

[@jin_asap]

@@lekaido google "ghost cities myth"

[@Jerry-ii2yp]

If the investment environment of China was that bad and horrible, how come majorities of the biggest multinational Companies still invest China heavily? Sounds like these three journalists know much better of how to invest and make a profit than those executives do😂

[@ZhenYae]

Good if not great profit margins they won't get anywhere else in the world. The CEOs nod in unison, and the host frowns in disgust. Bollocks.

[@thesheepthemightythecrazy]

Omg the horror, China might give Americans affordable cars!!! The utter terror.

[@davidyoder-rh4wf]

Don't want the trash

[@thesheepthemightythecrazy]

@@davidyoder-rh4wf Yea!!! Trash that is better and cheaper than what we have!! Such trash!!!

[@MetaView7]

@@davidyoder-rh4wf That's what people said about Japanese cars back in the 70s.

[@willengel2458]

the most expensive part of an EV is the battery. Chinese automakers have an entire supply chain which other country does not have. even Tesla buys its battery from CATL.

[@IamHandsome4u]

​@@davidyoder-rh4wf oh really? Then y does tesla Y uses byd batteries?

[@KayyHong]

All the speakers here are ignorant about China but they have to be this way in order to keep their jobs. To say anything positive about China is detrimental to their careers.

[@user-hc8ki1rl4t]

And for you to say anything negative about China is detrimental to your career as a troll for the Chinese Communist Party. Zero integrity.

[@shumyinghon]

they are just toeing the line, not really ignorant

[@user-hc8ki1rl4t]

@@shumyinghon 20 social credits. Good boy. You buy mother buffalo.

[@sunnyhill3000]

That's understandable. The US is usually the number one in the past decades and one day China comes as a rising power. As China comes closer and closer, the US of course is not going to be happy about this.

[@NorCalMoDo]

They seem truly believe what they are saying.

[@silafaupaulmeredith7251]

The hypocrisy is amazing

[@lxue5518]

China try to dumping 20K EV to US, and US said no, they would rather want 50K EV

[@SadDays-21]

So great! So the rich will benefit from the prospering economy, but the poor cannot afford a car and have even less opportunities for various job opportunities. Ban the EV that is above 50k so that the US car manufacturers will do well. But don't ban the 20K EV.

[@JCSY1]

So called smart people like to spend more for less. Getting into more debt is no problem too according to them. Is it really too smart or plain dumb ???

[@user-cr5il4wz8d]

Our system is designed for you and I to be in debts. 55k for an ev car, over priced over valued homes $500k , credit cards spending. They want all of us to pay monthly interest payments and keep spending with borrowed money , that's how they get rich and us poor. A debt based society

[@JCSY1]

@@user-cr5il4wz8d It's good for the rest of the world. We want cheaper and more affordable EVs. Forget about the US and those markets that sell expensive EVs.

[@streetman6661]

why are they so sure china is going to sell EVs in the US market? are the chinese really that interested in a market with high tariffs and constant harassment of china products. there is a huge South American market that the chinese car plants in mexico are targeting.

[@yooo692]

These commentators are just full with prejudice. So Cheap products for people is not a good thing, I see

[@chrislee5685]

Basically China beat then in their own game. It funny cause Japan also done so previously guess US never learn. Since Japan half colony of US they easily push them down with tariff and condition but China not taking it that all.

[@kenyup7936]

Absolutely not, Japan ends its lost decades for 30 years, I’m wondering how many years our country is going to take for ending our lost decades 😢 because Japan is way richer than our country, I guess it might takes over 40 years 😢

[@balckstonlick_]

​@@kenyup7936 Where r u from?

[@gezhang-nu2vv]

Because China has balls,it’s a big independent country.

[@bigbigdog]

You've never been to Japan lol

[@yooo692]

Let us hear what Xi said, not just you guys bs

[@caladr9367]

All Xi says is BS

[@urcompnioncube0213]

Although You can find it and watch it .... but they won't make finding it easy. They won't air or host it on any US media site or translate it. Google will make sure it's not on the first 3-10 search pages. No US Official translating source will translate it. You can only watch it on a Chinese hosting site, TikTok, or amateur uploads and there is about a 90% chance it's not translated by volunteers. Even the Chinese links that you do happen to find on google are not accessible since they're meant to be opened by Chinese apps and extensions. Thats the magic of outsourced self-censorship, it makes information so inconveniently inaccessible and hard to get that people will just stay with whatever US media spoon-feeds them.

[@rhyc5349]

HEAR WHAT EXACTLY? ARE YOU A CCP CHINA TROLL OR BOT? THE WHOLE WORLD ALREADY KNOWS WHAT KIND OF HUMAN BEINGS CCP IS AS WELL AS EMPEROR WINNIE THE POOH XI. WE WON'T BOW DOWN TO WINNIE THE POOH XI CUZ HE'S NOT GOD...LET'S ALL BE STRAIGHT ON THAT NOTE! YOU CAN NEVER FOOL US!

[@RobotRon_2084]

How dare someone sell cheap solar panels and EVs.

[@960john]

When GM, Ford ecc.. will fire workers, many americans won't be happy. Cheap foreign production mean less local western firms.

[@balckstonlick_]

How dare you 😂😂😂

[@kokica007]

I think this chick does not like China

[@maltlickytexas]

You mean woman?🤦‍♂️

[@johnc1873]

nah, we mean witch@@maltlickytexas

[@maltlickytexas]

@@johnc1873 Nah, you mean woman.😂

[@johnc1873]

@@maltlickytexas I guess if that’s what you call a “woman”

[@tosl1232]

Putin and Kim Jong Un love like China.

[@HKChineseCanadian]

wow these three people are so ignorant of China! Spewing anti-China talking points is so boring.

[@zacksmith5963]

That's how usa is nowadays . I gave racism on daily basis

[@ssuwandi3240]

Prior Taiwan President Ma (from 2008 to 2016.) just came out and stressed that Taiwan is not a country as (ROC) Constitution stated. Their politicians seem extremely slower than most will expect a meaningful dialogue

[@ZeeZee463]

Wow, now china is dumping Chinese chat bots on here.

[@zacksmith5963]

@@ZeeZee463 wow . Cia bot triggered . Just admit u lost cupcake

[@teebone2157]

The US is the only country in the world that sends "business leaders" to speak to leaders of countries. Tells you alot about how crappy it is here. I want a BYD car and solar panels please. This would help millions of working Americans save money in utility and transport cost

[@anamerican82]

yes comrade i too as an american want a byd car and solar panels, lol so subtle

[@adamwallace7638]

Every major country does it

[@Norwegian733]

@teebone2157 Maybe you should stop pretending to be american. You are working as a propaganda commentator in China. We need to stop all the CRAP comming from China into Europe, North America, Japan, Australia, etc. Shut down the criminal business from the communist party.

[@hillerm]

Oh please give me a 50 cent car!

[@johnc1873]

why wouldnt we want BYD cars? It's only the best in the world and at a good price. Americans can't afford cars so whats so bad about having affordable cars?@@anamerican82

[@williamwatitwa3534]

Why does the us care so much about china? The us introduced the term decoupling, why dont they do it without fusing so much, if they continue decoupling china wont need to sell anything to the us , as for car , the Chinese market is the largest car market, the us only has a 400mn population their is a whole 1 bn continent in africa asia and europe where they can trade with china

[@lagrangewei]

ya, US think bilaterally... China think globally... it is rather disappointing...

[@Candyrabbit999]

What the US Politicians care is always and only their own interests, and not even the majority Americans’ interests. And they do so at the costs of the interests of other countries. So if you hear the US media praising someone at another country, that means this guy has done something stupidly bad. Vice Versa.

[@forestwood9282]

if Chinese gov does what you think what they should do, they would never have achieved their huge success.

[@KayyHong]

If China followed the American model, a few Chinese would be Much Richer, leaving the overwhelming majority Much Poorer.

[@hzhu12]

@@KayyHong Kind of like India?

[@user-hc8ki1rl4t]

Ecological ruin? = huge success? 😂😂😂

[@KayyHong]

@@user-hc8ki1rl4t --- who inserted that thought into your head? Obviously, people detached from reality!

[@user-hc8ki1rl4t]

@@KayyHong Nah, I don't live in China. Thoughts are my own. Not inserted into my head by Big Brother.

[@jasons9826]

I want to have affordable solar panel on my roof. I want cheaper EV than Tesla. Have you talked to US consumers?

[@rabbitazteca23]

Somebody's jealous of China

[@hasinabegum1038]

Chinese economy is 38% domestic consumption and US economy is 69% domestic consumption.Us economic base is far stronger then China

[@johnnywalker2870]

China created the most successful economy in the history of the planet! No country has ever experienced so much growth in so little time!

[@peterg0]

Now you know what a good government or a good political system is ....

[@KayyHong]

And that, my friend, is an existential threat to America's National Security and Hegemony and totally UNACCEPTABLE!

[@AthenaSaints]

....with the help of USA, Japan, Taiwan, Europe, South Korea.

[@johnnywalker2870]

@@AthenaSaints just like the US!

[@johnnywalker2870]

@AthenaSaints every prosperous country in history prospered from trading with other countries. However, China was more successful than all others!

[@user-oc5ry8pp1p]

why they don't let you hear what Xi say, instead hear bad words from these reporters.

[@deezeed2817]

The U.S media resorts to lying. That's not what Xi said at all, Why are they saying things that he did not say?

[@Jimmy-zx6sd]

Yes, let the American people hear what Xi's says directly, not from these reporters.

[@BjorckBengt]

Xi lies.

[@hongcezhang2889]

@@BjorckBengt Not as much as a typical US politician.

[@rhyc5349]

😂😂😂😂😂😂😂😂😂😂😂😂 HEAR WHAT?...HIS LIES, HYPOCRISY AND BRAINWASHING?!!!

[@xgguo3531]

BYD is a private company of China and it beats Tesla on EV sales. It is not state-owned companies but private companies of China beat US companies in different industries.

[@edgarcabanlas4959]

It seems the level of enterprise differ from democratic countries and communist china... so now it is revealed 50 years hidden by China...

[@MetaView7]

Warren Buffet was a major investor in BYD. He made tons of money from it.

[@whatwhy106]

BYD makes cheap crap cars that are unsafe.

[@xgguo3531]

@@whatwhy106 I am afraid that you may not afford a BYD car.

[@MetaView7]

@@whatwhy106 That WAS true, 10 years ago, they made cars like a 20-year-old Hyundai. But time has changed and they caught up, and surpassed many.

[@minshyu]

Someone at CNBC should know Chinese to discuss Xi Jinping’s speech. I has never been heard of "centralizing its economy" in Chinese strategy.

[@giansideros]

They're telling China to follow India's example. 🙄

[@jasonlucas2328]

I hope India can take off like China. However, none of the foreign investments have succeeded.

[@AbuShivaToyib]

India...?😂🤭

[@kevinl7173]

What example? I saw Indians put monkey on their heads

[@Xcelcior6780]

It Didn't Work Mate India Is Not Great Anymore☹️

[@bigbigdog]

@@Xcelcior6780 or ever

[@jimkuan8493]

This woman is a hired voice. She will say whatever the US Propaganda Overlords want her to say. And all those new anchors just nod and pile on. They all know who is writing their paychecks.

[@NorCalMoDo]

Wow, you are so smart. I was shocked to hear what she and Joe was saying and not sure why she said that.

[@pavlinpetkov8984]

China is doing well but the USA does not like how they are preventing colonisation by the west... It is always funny to listen to the us news and comments.

[@hillerm]

It’s always funny how useful idiots defend dictators.

[@Jcp379]

Yes they are doing so well that all of their major property developers are underwater and they got caught by researchers at UC inflating their gdp figures.. at least the hang seng outperforms the s&p 500, oh wait?

[@chrislee5685]

@@Jcp379 Then why need to complain just let China be then.

[@pavlinpetkov8984]

@Jcp379 Lehman Brothers... Printing money. Debt. Reserve currency

[@jakew5987]

@@Jcp379 so why worry about China? Let it grow on its own, if it fail, it fails, why does it concern you when you wish China to fail so badly. Isn't that a bit contradictory by trying to be supportive of two contradicting issues. This is a trait shared by so many people in the West. On one hand, you want to be the compassionate person who cares about China's wellbeing, and other hand, you want to be the indifferent person who only wants China to fail, so what's your point? Are people in the West double faced?

[@kittydukakis]

State planned economy has worked great for China. Why would they suddenly adopt our system and all its problems such as extreme inequity, for-profit healthcare, huge national debt?

[@jiahan3849]

You mean Soviet worked even better?

[@kittydukakis]

​@@jiahan3849 If China's economic plan is communism, communism seems to be working.

[@kittydukakis]

@@jiahan3849Our authority have you convinced that its problem with China is communism. If that's communism, it's working.

[@Mrbarmitsoulo]

​@@kittydukakis let's move one from the stereotypes please... Communism is a hypothetical FUTURE STATELESS society. This is a mixed economy with more and more socialistic tendencies with Chinese characteristics. Having a plan and control on your economy is of course a huge part of it. China is TRYING to build socialism. They have literally studied every mistake that the Soviet Union made in their attempt to do so. Every country is different. So far yes, it is working and whoever says otherwise is lying to himself.

[@jiahan3849]

@@kittydukakis Communism was working in the Soviet Union in 1960s until it did not. If you know nothing of Economics, you know nothing on this topic.

[@thomasrogers9146]

WHY ARE AMERICANS SO OBSESSED WITH TELLING A 5000 YEAR OLD HOW TO RUN THEIR ECONOMY.THE CHINESE HAVE SAID,COMMON PROSPERITY IS THEIR NUMBER 1 PROSPERITY FOR ALL THEIR PEOPLE. IT CALLED A VIBRANT MIDDLE CLASS NOT A CASINO FOR WESTERN INVESTORS.

[@jiahan3849]

If you understand Economics 101.......

[@levelazn]

​@@jiahan3849economics 101 says chinese economy is growing faster than the u.s

[@hasinabegum1038]

China is not been a Communist country for 5000 years

[@MetaView7]

@@jiahan3849 Econ 101 has caused a $14 trillion debt. It is on the brink, yet the general public is oblivious to the crisis.

[@jiahan3849]

@@MetaView7 That is not due to Economics 101. It was due to Biden Economics.

[@gabrielfelippemateus]

It's wild how the US is hallucinating

[@yashkumar3196]

What about America who lectures every country to not be so protectionaist about their economy and should open them up for american business

[@eskay2012]

Why US did not decouple from Chinese economy and Janet still have to shuffle up & down with China. And why do US worried about China going to war when Taiwan is part of China? In short, stay out of other countries’ domestic matters and the way they run their economies.

[@kingjustice1831]

We need to think critically when talking about this subject. The ‘average’ American (read: most) is not doing well under our current system either, and it’s getting worse.

[@gabrielfelippemateus]

"that's not a recipe for growth" what about the Chinese economic growth the last 30 years?

[@sciencefliestothemoon2305]

some of it is an asset bubble, no one really knows what the Chinese numbers really are, same as how they miscounted their population by 100 million....

[@LokeKS]

Ha ha you are right

[@LokeKS]

How dumb can they be

[@uu2013]

But if China bring vehicles here, I am buying

[@buravan1512]

who wouldn't buy them?

[@garyleow70]

there are different routes to economic development and stability, or alternative solutions to economic stagnation. look yourself in the mirror before critiquing others or prescribing your American way to others.

[@jacqueslucas8616]

Wake up….china miracle over….XI is a disaster!

[@nz9362]

Freedom vs slavery?

[@ktchong5800]

@@nz9362 China has looked at America - and what they see is homeless people everywhere, urban decays and crumbling infrastructure, corporate overlords that control everything and extract rents from people at the expense of the country, the rampant crimes and illegal migrants, the slippery slope of homosexuality and transgenderism and sexual perversions that are being expose to young children in grade schools, the endless foreign wars and occupations, the frequent outbreaks of racial violences, and myriads of social corruptions and perversions that have plagued America. China has looked at all that and decided: "This is NOT what we want our country to ever become," and so they decided they do NOT want to become like America. Yet Americans still have the delusions that they are the best (seriously, you really are NOT) and that "freedom" (really?) trumps everything else, (NOT really; that is YOUR value; other cultures and societies do NOT share that value AT ALL.) For all the Americans who want to force all those corruptions and perversions onto China and everyone else, you should GFYS.

[@wisl8122]

“Whatever your enemy vehemently opposes is exactly what you must do.” - Mao

[@omduttdixit6285]

US is resilient as long as they have the ability to print

[@michaeljiang960]

Looks like a meeting of the whining losers. I mean this cnbc discussion.

[@whatyousaid1375]

Produce cheap & good quality products is a threat to US lol. That’s US new universal economy value - you can’t product cheap & good quality products lol

[@MuzMovMix]

Dumping EVs like craps? So Americans can buy expensive craps like Tesla?🤣

[@isaackys]

China needs a lot more of these bigots on CNBC.

[@MLJclassics]

media is just so out of depth…

[@harriemeeuwis978]

We'll see if China gets it's 5% Growth this year as they project. And for a large part of the world cheap Chinese products are a blessing.

[@zacksmith5963]

China achieved it just this quarter

[@zhengwenping4764]

​@zacksmith😅5963

[@harryloo8544]

Translation: Please make your state are less competent in our attempt to prevent your rise.

[@kenbehrens5778]

It's a bit fatuous that US 'experts' think they are entitled enough to tell China how to run their economy and that China should actually listen to them. Growing at 5% a year with an expanding industrial base, rising exports, having overtaken Japan as the number 1 car exporting country. and with 53 million private companies in China, exactly what more do you want China to do? Retail sales in 2023 up 7%, internet sales up 11% leading to a record 132BILLION parcel deliveries. When McDonalds intend opening 1000 new outlets in China in 2024, and Starbucks, according to their website, are opening a new outlet in China every nine hours and they want to do that for the next three years, what exactly is the problem?

[@xiaozhong5198]

translation: Please make your industries less competitive just so we had a chance on these new industries too

[@teogeorge2203]

So why US just listen and learn from China?

[@rhyc5349]

😂😂😂😂😂😂😂😂😂😂😂😂

[@DanielBygrave-zq8qf]

Y would they take advice from a country which has over 34 trillion dollars in debt and counting 🤔

[@chenmacro]

all the companies like Alibaba, Baidu, Tencent, Bytedance (owns Tiktok), Temu, Shein, BYD, Xiaomi, etc. are state owned or private?

[@doords]

They are private. They are B2C companies.

[@ZweiZwolf]

@@doords Exactly!

[@Yarhnam]

That's why US spend $350 M for training journalist

[@kbl5007]

reducing the role of government- meanwhile the Fed kept doing QE that caused worldwide inflation 😅

[@chanahyingchan5070]

When the Central Government indicates that the economy is going to be Centralized, then the business sectors investors should decide how they are going to adapt to this announcement. The Chinese Government is not going to change their policy just because the expert Western think tank says so. If the Chinese economy is so unpredictable, then don't put your money there. No one's forcing you.

[@streetman6661]

china is not going down the consumer driven economy path. that's really old news. because china doesn't want their economy to be based on debt. the reason they actively poked their property market was because it was a bubble that would have gone too big to contain. now people can buy homes at reasonable price and not worry about paying mortgage every month.

[@benyap6033]

Damn. They do look like they are panicking.

[@jensensean7118]

Such silly gossips running a clown show, talking about things they should keep their mouth shut about.

[@Liveforfood9394]

We can not change the world, we can only change our thinking!

[@zactianne6331]

Let me translate what these 3 "journalists" are saying. US to China: why don't you screw up your economy like we do? Why do you elevate 800 million people out of poverty and not emulate our wealth disparity? Why don't you have your fair share of homeless people, drug pushers & addicts, beggars, criminals, George Santoses & MTGs like we do? Why aren't you interfering with other countries' internal affairs--do you have something against regime changes? All good and sound advice from people who know best, but these Chinese are backwards and will stay that way for a loooong time.

[@MinhNguyen-yl6pf]

That is too right the US is in no position to tell anyone what to do

[@jocko4598]

American CEOs should come back from China wearing barrels.

[@dorjiwangchuk404]

Why is China ahead of the us....

[@SadDays-21]

If American imposes heavy tariff on EV from China, but Chinese won't do the same to TSLA?

[@Nik-ik8mv]

Good. That's what US should want - total decoupling. China needs US companies for their growth, not vice versa. Ever saw Joe Biden or Trump meeting with Chinese executives? Having Elon Musk not under the thumb of CCP is a good thing, not bad.

[@ZweiZwolf]

Chinese Tesla is built in Shanghai, using Chinese batteries, so there isn't much imported stuff to tariff.

[@buravan1512]

they wont touch TESLA, cause TESLA factory in CHINA serves as a big political and strategic interest for China in terms of image and openness. they might stop GM and FORD, though...

[@TylerDubkey]

CNBC embrassing conspiracy theories about China... It is a bit sad to be honest. I usually enjoy this channel.

[@garyleow70]

indeed. of all people, Becky knows a lot more and deeper about China from her friendship with Charlie Munger. She's keeping herself relatively quiet cos she knew the lady seated across the table was spouting utter nonsense worse with a totally delusional sense of being superior to the Chinese.

[@vamoua4036]

Nothing wrong to not adopting US Capitalism. No one forces US to adopt others’ ideas.

[@CarpsterKing]

If China were to follow what these economic expert's recommendations on how to run the economy of China is suicidal... How can US lecture China when US is the biggest debtor country in the whole world... These analyst are so sick when commenting on the economy of China...

[@zacksmith5963]

This old guy is a loser

[@nicoaguswibiantoro5489]

246 years old Country teaching 5000 years old Civilization Country

[@Kevin-eg6vg]

This is not capitalism

[@wanderingquestions7501]

Neither is the USA. We have no free market and the government runs up debt given money to banks then semis, now banks again. Our Republic is a sham built on lies

[@hzhu12]

I guess its a lot better dumping Mcdonalds that produce garbage food around the world than cheap EVs

[@sculpturestatue]

China and US should work together. It is good for the world. Business people want a stable environment, and China is one of the suitable place for them.

[@RichardKing-sx6xc]

The IMF 😂😅🤣😆

[@Norwegian733]

China 🤭🥴😂😂

[@RichardKing-sx6xc]

@@Norwegian733 *CHYYYNA!!! CHYYYNA!!! CHYYYNA!!!* 😡

[@autoerratica]

Eventually these people are going to have logos on their foreheads.

[@mb7626]

'Because China doesn't think private enterprise provides a solid or reliable enough economic foundation' yeah and they sure seem to be astoundingly correct in that belief, private monopoly capitalism has been delivering terrible results recently. And even before that we need only look at all of the many economic crises we've had in like a single generation, followed by carte blanche bailouts/corporate welfare afterwards.

[@ZhenYae]

Because the Chinese are not going to lose their country to corporatists the way the West has to the oligarchy class. No way.

[@yong4265]

What do they mean "centralizing its economy"? To see if an economy is pro-market, you will have to see if the competition is fully displayed in that market. China is the most competitive market in the world. That's why we have a lot of most competitive products from China. Of course, China will keep its state-owned enterprises, because they can do the jobs left out by private companies. That's why China has the best infrastructure and telecommunications network in the world, which is the envy of the whole world.

[@ZweiZwolf]

China is highly competitive in the consumer space, but the core functions like telecom, energy, transportation are all state-owned.

[@paytonmcdermott9111]

"centralizing the economy" is actually good for the economy, in the way china is doing it. They are centralizing regulations and standards which were previously delegated to local governments. This allows for a more uniform business environment across the country. This kind of "anti centralism" is what led to a century of financial crisis in the US. We had no central bank because of an ideological fixation on "the individual"

[@ZweiZwolf]

Central (core) functions like banking, telecom, healthcare, energy are all state owned, ensuring stable delivery and high service at low prices.

[@samuelyang1128]

Why should China worry about these stuff? They can sell their products to Europe, Southeast Asia, South America or Middle East. There’s a lot of places to sell. So that shouldn’t be a problem even if America doesn’t want Chinese products. Unless their companies are mainly exporting to US

[@hkfoo3333]

China is about business not confrontation. China's economy will be in for the next huge miracle when their infrastructures are all readied .

[@ZweiZwolf]

China keeps building more infrastructure because it drives consistent, long-term benefits. I don't think they even have an endpoint in mind. If anything, they export even more infrastructure that interoperates with their domestic infrastructure.

[@yooo692]

Are they just AI?

[@markosmataasii2000]

This is the problem when the economy is now heavily financialized in such a way that asset allocation is now barometer as who's doing well when in fact majority of these are actually paper wealth. Majority of the growth in US when you look at the details are actually driven by increasing paper wealth where only few are benefited such as executives, CEOS of institutional investors and Top 1%. Meanwhile, the wealth of majority of middle class either has decreased or flat line for past decades. What CHINA's growth is not just paper wealth but actually are tangible and real growth, the science & innovation, physical infrastructure that generates productivity and real wealth.

[@klarkewang]

Dont trust her...guys being fooled all the time by them

[@juki0h391]

China centralizing their economy works for them because they are one big cohesive country. It wouldn't work in the US because everyone is different, they love their "freedoms" they don't care about others, etc.

[@wayneloht]

Michelle is terrific

[@jimbeam4111]

Tariffs? 😂 China will just build the EV’s in Mexico and avoid the Tariffs. They’re doing it now. It’s 2024, knowledge is out there.

[@mianmian3488]

This will not stop US finding a way to block those cars, for sure.

[@balckstonlick_]

America is trying to build great wall while China is welcoming everyone. Ame Rica ,The next strongest wall country

[@hongcezhang2889]

Indeed, US will by all means stop Chinese EVs from entering the US market, and I believe US is able to do that succesfully. However, at the end of the day, it will not do any good to US economy. Open market and free trade are the way to a strong economy. Eventually, what is left in the US will only be incompetitive car makers and costly EVs for consumers.

[@jasonlucas2328]

Warren Buffett's still an experienced and skilled investor. He didn't join the herd to China. Instead, he invested big in Tokyo two years ago and is now making great profits.

[@mrkchee]

Mr. Buffett has invested in BYD from the beginning, and yes, he is indeed an experienced and skilled investor.

[@darrenhere5856]

and he sold out of TSM, because he realizes its only a matter of time before they move on taiwan

[@fannyalbi9040]

because china is not capitalism oriented government

[@pt20829]

When China exports affordable refrigerators, toys, furniture, boilers, medicine, aircraft parts, laptops …. US doesn’t call that dumping.

[@alikalexander4656]

Dumping EVs,, hasn’t the us been banging on about the climate disaster 😂 what a load of lies

[@jacqueslucas8616]

Joey has been yes…but unless your head up your bum u know ev’s ain’t greeeeeen😂

[@stevec6919]

We should ask Tesla and GM withdrawal from China market

[@user-pz6yu4vy8v]

Those companies would immediately go bankrupt if they left china!!!

[@uu2013]

That is to the detriment of Americans

[@arthurdayne5559]

Cheap affordable quality products from China’s “overcapacity” is a great for most of us, makes all the good stuff and higher quality of life accessible for working class Americans.

[@ZhenYae]

And the global majority who have been oppressed by the West.

[@andreaisonline]

I enjoy the financial analyses presented on CNBC, yet I find myself astonished by some of the commentary from certain contributors. Gene Munster's enthusiastic endorsement of Apple fails to mention his recent divestment from the company, while Scott Gottlieb's skepticism towards Neuralink's potential and his questioning of FDA approval seem somewhat overshadowed by his own biases. Here Caruso-Cabrera's criticism of China's offerings of affordable cars and solar panels is so short sighted and biased...

[@SimonSeow]

Guess who is flying to Beijing to meet with Pres. Xi 😂

[@wilsonjohnbarker]

Yes this is a big change of our commerce era. Aluminum, steel, cell-phones and now microchips are now unfeasible, or restricted from sales in China. This next CCP exclusion policy will have effects and later impacts on US exports, US employment.

[@SR-lh4rm]

Why would they back away from centralizing? A country’s market is its property and it has a responsibility to avoid market chaos to protect its citizens. Markets are not the collective property of participants. They are the property of their chief guarantor - the state. These market ideologues just want chaos where nobody takes responsibility when something goes wrong. Protect your citizens. Nothing else matters.

[@duncankowable]

Summary of this video: China bad, USA good. Save u the 7 mins the watch.

[@anikanik7746]

People whom places are mental hospital, they are sitting in CNBC news room.

[@ahsoontan1219]

This talkshow is just a charade, why can’t they lived a honest world

[@catinbootsnow4267]

The resiliency of the US economy is on full show when the government can do anything to protect the local industry from international competition. Forget about free market. 😅

[@victorhuynh4031]

China industrial scale 10x of the US therefore US can ever compete with China in a world trade for any meaningful way. This time China did not accept US term and condition with the US promote trade rule and implementations for the US run private enterprise to dominate China economy within China territory. China will follow US line cooperation as they must and confrontation as they come.

[@uu2013]

When they ban TikTok, we will download it from google or the next place in the internet

[@JBear-in1ql]

So these Talking Heads know better than Americans biggest company CEOs?’s

[@TammaraMeneu]

With every cex Weewu partners with, my confidence in its success only grows.

[@JosephBuzzell]

The scenario you've described presents a dystopian and alarming vision of a nation's governance and its consequences for both its own citizens and the global community. Let's break down the components and theorize about potential outcomes: Corrupt Politicians and Industrial Complex: When politicians collude with industrial interests to impose their way of life globally, it often results in exploitation, inequality, and environmental degradation. This can lead to widespread social unrest, economic instability, and environmental disasters. Failing Infrastructure and Education System: A failing infrastructure and education system hinder a nation's ability to adapt to modern challenges and compete globally. Without proper education and infrastructure, citizens lack the skills and resources to participate effectively in the economy, exacerbating inequality and perpetuating the status quo. Resistance to Green Technology: If the governing body is actively hindering the adoption of green technology due to its inability to dominate that industry, it not only perpetuates environmental degradation but also stifles innovation and economic growth. This resistance further exacerbates the global climate crisis, leading to more severe and frequent environmental disasters. Misuse of Tax Dollars: When tax dollars are misused on lies and smear campaigns instead of addressing pressing issues like climate change, it erodes public trust in government institutions and undermines democracy. This perpetuates a cycle of corruption and inefficiency, hindering progress on crucial issues. Considering these factors, the probability of species extinction in such a scenario increases significantly: Environmental Degradation: Continued exploitation of natural resources and resistance to green technology accelerates climate change, leading to habitat destruction, loss of biodiversity, and ecosystem collapse. This directly threatens the survival of numerous species, including humans. Social Unrest and Conflict: Inequality, injustice, and economic instability resulting from corrupt governance and environmental degradation can lead to social unrest, civil conflict, and even war. This further exacerbates humanitarian crises and increases the likelihood of widespread suffering and displacement. Global Consequences: The actions of one nation can have far-reaching consequences for the entire planet. If a powerful nation prioritizes its own interests over global cooperation and sustainability, it undermines efforts to address climate change and other pressing challenges on a global scale. This increases the likelihood of catastrophic outcomes for humanity as a whole. In summary, the scenario you've described paints a bleak picture of a nation's governance and its potential impact on the world. While the probability of species extinction depends on numerous factors and is difficult to quantify precisely, such a scenario certainly heightens the risks and accelerates the trajectory towards catastrophic outcomes for both humans and the broader ecosystem. Urgent and concerted action, both domestically and internationally, is essential to address these challenges and mitigate the worst effects of such a dystopian future.

[@Tommywanaka]

Really good points raised, I agree totally. So much defensiveness in the comments - CNBC must really have touched a nerve. I guess the truth rankles doesn't it. If the commenters are so bothered, they can simply stop watching. How are they even watching CNBC, isn't this banned in China?