Why China is About to Start a Trade War

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Ай бұрын

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Пікірлер: 2 100

@PolyMatter Ай бұрын

Don't forget to check out Brilliant free for 30 days here: brilliant.org/Polymatter Brilliant has a new course on Large Language Models (LLMs) that I think you would find especially interesting. Have a great weekend!

@JosephSeyes Ай бұрын

Mr. Evan what do you feel about Sam from Wendover moving into the China analysis YT niche? PS: Love your work and I would really appreciate if could you do some more videos on India or Latin America. We really need some nuanced analysis of these lands.

@Mhark127 Ай бұрын

Make a video about Brazil

@NeostormXLMAX Ай бұрын

lmao it was the united states that started the trade war not china..........

@Xrginld17X Ай бұрын

Your vieos about China are getting cringer by the day? Environmental regulations or NOT. China is geenrally more cleaner than most devellpped nations.

@NeostormXLMAX Ай бұрын

also this is exactly what the usa did after ww2, its hilarious that now the USA doesn't have a monopoly you start attacking china lmao, chinese goods make things better for consumers everywhere, you're just mad that the usa isn't the one doing it

@fallout560 Ай бұрын

The part about steel is incorrect. The Pittsburgh steel industry collapsed in the 70s, before china opened up. It collapsed because its steel mills were inefficient compared to the Japanese

@RetroRadianceLight Ай бұрын

Probably because Pittsburgh steel wasn’t folded 1000 times /s

@miloszaric1392 Ай бұрын

He also talks about "the great recession" I guess he means COVID...

@jackblaisdell4097 Ай бұрын

That's what happens when all your investments go overseas

@iiio12 Ай бұрын

Japan was the China of 70s, poor quality, cheap. They were essential for the US to counter the spread of Communism, so the flow of technology and investments was steady.

@dougpage2730 Ай бұрын

How can any American company compete internationally when the CEO makes millions, and the executive class plunders the assets of the company. No investment in plants, equipment, or salaries, just sky high executive pay, leading to bankruptcy blamed on the labor unions.

@TheGrandFissure Ай бұрын

"a trade war.... sponsored by Brilliant" 😂

@varundurge Ай бұрын

🤣🤣🤣

@haggle196 Ай бұрын

it's a terrible segue LOL

@Vanguard_dj Ай бұрын

Came here to say this 🤣

@frankeinstein5210 Ай бұрын

He just stupid

@easter-nmgr4086 Ай бұрын

Yah the entire video at the end look like as if brilliant is a tool to fight trade wars 😂

@KenoticMuse Ай бұрын

Part of this video is a good historical recap of China's challenges, but the conclusion it draws from those historical events are dubious. The US and Europe loves to call things as "dumping" and "trade war" when other countries have goods to sell, but when they have goods to sell to other countries they demand that other countries must open up. This is the nature of trade ... every country feels threatened when their own consumers prefer to buy foreign goods (because it's cheaper, better quality, better value, or whatever the reason might be), because then the government would start to lose control over the local economy. "Economic competition" is good until someone becomes so good that the "game" feels "unfair". What China is doing is exaclty what the US and Europe did during the 70s - 90s, when it "dumped" its excess production capacity into emerging markets, offering goods and services at good prices, and gobbling up new customers abroad. It's tiresome to hear the "boy who call wolf" when economic competition creates winners and losers. This is the inherent risk of opening for free trade, which is that you risk having foreign companies outselling in your local market, and gaining control of your local economy. The US and Europe can't preach free trade for everyone else, but then call "foul play" when they start to feel the negative consequences. This video is more about "trade politics" than it is "trade economics".

@nextinstitute7824 Ай бұрын

Dumping is a form of trade war, whoever does it. And China has been subsidized as a developing nation (still is, I believe, for instance they can ship cheaply because of international postal agreements).

@TFRO_madRobots Ай бұрын

typical parroting of western narrative lmao, East Asia has been through it , just that now China is in the front seat

@davolpatel Ай бұрын

Global south and bric+ nations should refrain from buying costly items from the west altogether for couple of years.

@parsifal40 Ай бұрын

Are there any books you would recommend for someone interested in geopolitics and economy? I'm in stem but recently have gotten interested in global affairs.

@KenoticMuse Ай бұрын

@@parsifal40 I praise you for being interested in geopolitics and the economy. I work in STEM but my academic background borders between "technical" and "classical" education, so I have an appreciation for both. Unfortunately, I cannot recommend any book on political economy, because it's too broad. You might be interested in the reading list and syllabus from PPE programs (philosophy, politics, and economics). A PPE degree is very popular at elite universities in the UK and US, primarily because it teach you how to build and wield power, rather than teach you how to "make" things. It's a degree common for lawyers and future politicians. The knowledge from a PPE education is foundational for understanding how nation states are formed, how truth and information can be used to exert political control, and how capitalism and politics are intertwined. On top of this, you also need to understand a bit about how modern economies work, particularly how corporations and nations finance themselves, and how trade politics are interconnected with national security policies. Needless to say ... KZbin is not a good place to learn these things. KZbin is great to hear commentaries and see things from different perspectives, but you should read mostly books and business newspapers to get a well-rounded view. My daily routine is to read either The Economist, Bloomberg, or The Financial Times. Actually, I highly recommend that you just read these publications regularly, and look up ideas or topics that they reference. At first, you'll find yourself getting bogged down by ideas or words that you're not familiar with (for example, what is "capital flow control"), but you will build up your knowledge over time, and start to accrue an informed perspective. Political economics is about understanding the basic problems that all societies face, namely "how to achieve security, growth, and meaning", and how do people design different social protocols and social institutions to achieve these goals. There is no one socioeconomic and political system that's the best in all cases. An informed thinker is when you can gracefully grapple with the difficult trade-offs between different choices, and form a perspective that you know is not perfect but it is in accordance with the values that you think are important. I'll try to be more concrete (not sure if what wrote so far is any use). The reading list from MIT "Introduction to Political Economy" (14.770) is very good. It's available online through OpenCourseWare if you search for it, but I cannot link because of KZbin. Cheers!

@JB52520 Ай бұрын

I see, it's a "But at what cost?!" video.

@darkithnamgedrf9495 Ай бұрын

Atrioc 🎉

@Western_Decline Ай бұрын

Polymatter totally misses out on what makes China competitive: supply chain efficiencies, automation, and innovation. All of the factors he listed exist in other developing countries too. He just hates China and has an axe to grind.

@z1.7725 Ай бұрын

😂

@Lawrence-sk2os Ай бұрын

Yes, that's the key question. Remember, China always thinks long term. In this situation, since their citizenry is really watching their duckies, I believe Xi will just want to flood global markets with Chinese ev's, solar panels, etc. Who knows, it could be robots some day. :o

@t.w.7065 28 күн бұрын

I am hoping to buy cheap EV cars. Looking forward to it! Cheap House will be better😊 can they come over and build?

@TheRealZura Ай бұрын

I’m convinced Polymatter and Wendover live in the same house

@appa609 Ай бұрын

wait aren't they two channels by the same dude?

@grammar_shark Ай бұрын

@@appa609 You think it's only TWO channels?

@zumabbar Ай бұрын

@@appa609 pretty sure that's wendover & HAI

@metanews7656 Ай бұрын

They both live at the George Bush Center for Intelligence

@havencat9337 Ай бұрын

theyre also payed by the same hand

@banbooblue Ай бұрын

Boeing receives enormous subsidies from the US, the same as Airbus in the EU. Both dump their products internationally. If your story holds true, then the US didn't pay her people generous enough to buy more private planes.

@AnonAzn-hu2ls Ай бұрын

Exporting surplus is literally what every country does

@Eric00700 Ай бұрын

Lots of countries run current account deficits

@rap3208 Ай бұрын

They are not surplus, they are just american propaganda against China. China made those cars because they have an intended market for them. They were actually cars intended for world market - Asia, Africa, Europe - all over the world...and the americans don't want that happening. The chinese are savy businessmen, why would they over produce cars thet they can't market?

@lisashung9442 Ай бұрын

@@Eric00700but still they export what their surplus and import what they need……..if you want to balance your book, then export more then…….if you cannot, then it’s your inability…….many people run their family in debts too, because they produce valuable work too less and consume too much…….who is the cause of their deficits? The grocery stores or the travel agencies? 😂

@chiefjudge8456 29 күн бұрын

Not with a devalued currency.

@AnonAzn-hu2ls 26 күн бұрын

@@chiefjudge8456 especially with devalued currencies. What are you on?

@doneiliragaba1266 Ай бұрын

Every PollyMatter video, “China has a problem..”

@sammytsang2948 Ай бұрын

I guess that is why millions of Chinese are fleeing China & swimming to South America to then march towards Mexico to invade Texas?

@genet1313 Ай бұрын

while murica is merely a victim

@wichaipongthadaporn2026 Ай бұрын

The owners of this channel has Sinophobia in their minds and it’s difficult to treat and remove. Poor things.

@willengel2458 Ай бұрын

propaganda channel.

@anushervontabarov8568 Ай бұрын

every country has a fair share of problems and there's nothing wrong in focusing on just one

@cosmiceye2067 Ай бұрын

PolyMatter and China deserve to be together. FOREVER.

@jezusbloodie Ай бұрын

The openingline "China has a problem" in the voice had me questioning if I had already seen this video 😅

@cosmiceye2067 Ай бұрын

@@jezusbloodie It's THE love story of our time.

@tliew3846 Ай бұрын

Another Polycrap article. If anything, the war was started by US sanctions and trade war.

@just-some-dude-on-the-internet Ай бұрын

And never to part

@jkselama9715 Ай бұрын

Only question remain: is PolyMatter unionized?

@jomban707 Ай бұрын

The Map is wrong with France, Germany and Netherlands. You need to switch France and Germany :)

@xzxjasonxzx Ай бұрын

Eeh, all the same anyways.

@TryPie256 Ай бұрын

Nobody cares nerd

@Xellenos Ай бұрын

@@xzxjasonxzx Don't let the french hear that, lest the hon hons and baguettes come for you

@akashP998 Ай бұрын

Hey I know this one, It's a classic!

@graham1034 Ай бұрын

That would be some wacky alternate history outcome from WW1/2

@eternalobi Ай бұрын

You cannot convince me that this channel does not get some sort of subsidies from the state department

@Western_Decline Ай бұрын

seems very clearly funded by Whit-e people who are coping super hard with China’s rise

Ай бұрын

What a stretch to use French wine as an example. French agriculture is heavily subsidized and protected. And they only get away with the high prices because they were able to come up with this denomination protections that I don't know how they were able to enforce internationally. Remove the subsidies and the French farmers would no longer be able to play farm.

@hughmungus2760 Ай бұрын

yeah and you wonder why the french farmers are rioting right now.

Ай бұрын

@@hughmungus2760 energy prices. the subsidies are high, but still not enough.

@voidvector Ай бұрын

There is no reason to assume China wouldn't try to export cars at some point, because it is basically the playbook of other East Asian countries -- Japan and South Korea.

@appa609 Ай бұрын

And Chinese demand has been bankrolling the big european automakers since 2000. You can't call foul when the other player does what you do but better.

@Bruh-wb3qw Ай бұрын

They already do export cars. You can find them in Russia, the Dominican Republic, Mexico, South America, Africa, Central and Southeast Asia, and more. Of course getting Chinese cars into North America and Europe is more difficult with the sanctions and all that but there are plenty of Chinese cars out there, it’s just most people prefer the big established brands.

@sammytsang2948 Ай бұрын

@@Bruh-wb3qw You could say everyone has the option to buy cars for £10k but North Americans & Europeans get to buy a £10k priced car for $50k. It's a win for those that pay the higher price as they can afford to do so, when the poor pay a lower price for the same quality product.

@Dave_Sisson Ай бұрын

@@Bruh-wb3qw A Chinese company bought the naming rights of bankrupt British sports car maker MG motors. With a known brand name, cheap MG branded Chinese cars have flooded the bottom end of the Australian car market.

@Bruh-wb3qw Ай бұрын

@@sammytsang2948 I wouldn’t say it’s the same. Chinese cars are known to have quality control issues and even harder to get support and warranty coverage for those issues. I’m speaking from what I’ve seen and heard recently in the past couple of months. I live in the US so I’ve never seen one in person.

@michaelflores23 Ай бұрын

"Why China is About to Start a Trade War" - my question about assertions like this is whether or not the author will make a follow up to their claim. If there is no trade war, will there be a "Why I Was Wrong" video, or are we just baiting viewers with a fear-inducing headline here? I say this as a longtime viewer of PolyMatter, big fan of the videos in general.

@jacquesmassard9226 Ай бұрын

There are a lot n wall street who say we are already in one...see his genius jk 😅

@Myanmartiger921 Ай бұрын

You expect more from a KZbinr than your head of your state

@rolandwong9306 Ай бұрын

He has 20/20 vision because it is happening now. A trade war may include import tariffs and quotas. The US is giving subsidies to its semiconductor industries. The video is saying the obvious except that it is from the Western and mostly the US perspectives. Every country wants to export, and that is not a trade war. Is he sure French wine growers receive no subsidies? The EU subsidizes wine-grape growers and winemakers through programs like the Common Market Organization (CMO) for wine. From 2018 to 2019, France received around €341 million in direct aid payments from the EU for the wine sector. That is a significant part of their income. A balanced report will be helpful and less antagonistic to all. But which country's pair of eyeballs pay more for You Tune content?

@DOSFS Ай бұрын

It is already happened, not in Europe (yet) but in place like SEA that dumped all cheap Chinese goods into and tried to strong-armed many nations into accepting their term like my country.

@Sparticulous Ай бұрын

Trump started the trade war already

@cunxu2697 Ай бұрын

Things are way too affordable Said noone ever

@bbd121 Ай бұрын

The first minute of this video made me think I was having some sort of weird fever dream.

@clipwat1511 Ай бұрын

😂😂😂😂 Thank you for this hilarious comment. I felt the same, but I couldn’t put it to words!

@machenka Ай бұрын

How Polymatter evaluates the quality of products: Bridges: How sturdy are they? Trains: How fast are they? Airports: How...clean are they? 😂

@Sir_Godz Ай бұрын

worst bridges anywhere in fact... this guy is deluded

@LaowaiDaveJCP Ай бұрын

@@Sir_Godz not really

@BillF20081 Ай бұрын

You need to go there to see them yourself.

@Bruh-wb3qw Ай бұрын

@@LaowaiDaveJCP yes really. China is known for terrible quality in construction. Ever heard of tofu dreg projects? Companies cutting all corners possible including paying off inspection officials (this is widespread) to net the most profit for 1. The owner of the company and stakeholders, and 2. The ccp officials who granted the project. There are countless demolition videos of these kinds of projects in China and you’ve probably even seen a few.

@sulemandawood5955 Ай бұрын

@@Bruh-wb3qwnot as common as you think. Go visit China.

@PyroBlaze202_alt Ай бұрын

16:26 Germany and France switched places :o

@jai-kk5uu Ай бұрын

@@MayankTrivedi2the chosen people at it again

@abbofun9022 Ай бұрын

@@MayankTrivedi2nonsense, not in Germany or France

@hairyporter6736 Ай бұрын

Guten Tag!

@imanoldurham5395 Ай бұрын

@@hairyporter6736wrong tag.

@Octopus773 Ай бұрын

Always has been 🔫

@henreator Ай бұрын

It is sad to see PolyMatter's video quality declining so much and have to resort to anti-China clickbait

@zjeee Ай бұрын

Yep because everytime you dont praise China you must be anti-China. What us the point of a full deck of cards when you only use one, the victim card.

@anypercentdeathless Ай бұрын

Never seen a Polymatter video before this. Is the narrator always so mind-numbingly repetitive and whiney?

@hughmungus2760 Ай бұрын

gotta get a piece of that 300million a year state department subsidy for 'negative reporting on china' Seriously the kinda cash the US openly admits to spending on smearing china can probably fund a marvel movie that does nothing but dunk on china.

@Western_Decline Ай бұрын

@@anypercentdeathlesshe’s an incel Chinese-American or Taiwanese-american . I can tell be the accent.

@sg23148 Ай бұрын

@Western_Decline he's Asian?

@metallurgico Ай бұрын

Imagine being so american that "china has a problem: grocery is too cheap"

@Booz2020 Ай бұрын

Slava TSMC 🇹🇼

@user-dn6kj8xc7r Ай бұрын

"China has a problem, brocolli is actually just styrofoam painted green"

@coolbanana165 Ай бұрын

Economy is when the majority suffer

@user-dn6kj8xc7r Ай бұрын

@@coolbanana165 True! Economy = majority suffer Communist = Everyone suffer

@Western_Decline Ай бұрын

@@user-dn6kj8xc7rexcept China is doing phenomenally well, and Whit-es are seething

@lukacolic4193 Ай бұрын

The wine is a poor example as there are numerous protections in place for agricultural goods in France, and more broadly, in the EU. Notably, what differentiates sparkling wine and Champagne is just the place of origin. The name is legally protected, and that extends internationally via trade agreements.

@catinbootsnow4267 Ай бұрын

South Africa, Australia, Chile and California are producing wines in large scale and flooding the global market with cheaper prices than French wine. Grape farms and wine producers from these countries all receive supports and subsidies from their governments.

@TheMasterofComment Ай бұрын

Ya, it seems his videos these days have gone down in quality.. and I mean, it's a poor example but he knows this?

@nextinstitute7824 Ай бұрын

Yes, indeed, they do protect it.

@VEVOJavier Ай бұрын

He's American... Don't expect too much

@aesma2522 Ай бұрын

It's not just the place of origin it's also the way of making the wine. I'm French so I'm used to this (and I drink Champagne all the time, real one as it's available quite cheaply) but I don't understand the opposition to it. Either the name Champagne means something aka its origin, minimum quality etc., or it's just a meaningless name and why would you put something meaningless on your product ? If the Champagne name wasn't protected then it wouldn't exist as there would be no benefit in calling something Champagne, everyone would assume it's some random, low quality wine. The funny part is that this comes most from the US, where people can patent and protect all kinds of ridiculous things like the shape of the first iPhone...

@nnf9431 Ай бұрын

We have a problem in Canada where everything is getting so expensive that life is unaffordable for many people. We'd gladly welcome price deflation.

@yaboibSLT Ай бұрын

I think it would be triple that if deflation occurs 😅 @@nnf9431

@sajdwajha Ай бұрын

@@nnf9431 Deflation is pretty much a death sentence for the current government/country as it currently functions. Essentially if deflation hit Canada, the best it could hope for is that everything would more or less "freeze" in place (so none of the current issues go away), whereas the worst is total economic and social collapse.

@user-hj9xv4gp5e Ай бұрын

@@nnf9431 ya that's a straight up lie, of the individuals who used maid last year only 463 fall into the category of "natural deaths were no reasonably foreseeable" and even those are very likely not because of affordability. I've heard some stories about questionable applications of MAID the majority of it's uses are for those in extreme suffering which will likely increase until they die.

@arspsychologia4401 Ай бұрын

Help out the Alberta/BC separatists! No large host tax base to steal from = no subsidized country invasion = actual Canadians get to live again. Have your own little revolution :)

@chaoxyz8183 Ай бұрын

@@nnf9431 Remember that your salary is also a price that drops during deflation. But people generally don't take pay cuts, so how can the average salary decrease? The answer is massive amounts of unemployment.

@alfredoleal2101 Ай бұрын

Are you telling me that america and Europe don't pay subsidies to every industry.

@jarylsim1973 Ай бұрын

White person subsidies are good, other countries are evil. When describing how china is descending into a capitalist hellscape, polymatter inadvertently describes late stage capitalism in the west. Well, I really enjoyed how silly this propaganda video was.

@jarylsim1973 Ай бұрын

If the west believes so much in the free market, perhaps they should not be the ones imposing the highest number of sanctions on the rest of the world.

@francishung777 Ай бұрын

What about Biden’s ‘Chip Act’? Is that just a small token?

@rap3208 Ай бұрын

And yet they complain that China subsidizes their new and critical industries. Go figure.

@anandarochisha Ай бұрын

It's easy..no more fighting, China stays out of Western democracies and trades with autocracies, End of Story. Democracies don't need China.

@AshleyChloe Ай бұрын

Staying abreast of the latest trends and strategies is crucial for traders to stay ahead and make well-informed decisions. Beginners in trading and investing must recognize that success in these fields demands technical analysis, emotional maturity, and self-discipline. Thanks to Monica Lisa Payne insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!

@AshleyChloe Ай бұрын

erNameIs Monica Lisa Payne, cant divulge much. Most likely, the internet should have her basic info, you can research if you like

@keithfletcheer2156 Ай бұрын

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

@user-je7kn7sd5b Ай бұрын

It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!

@thomaswhiddon9124 Ай бұрын

It is really refreshing to see a comment about Monica Lisa Payne.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say

@MargaretDKnapp Ай бұрын

I have heard of this smart woman Monica Lisa Payne, a friend of mine in Australia told me about her. She manages a portfolio for her, she spoke highly of her too, and she didn't miss out.

@MrWilliGaming Ай бұрын

that europe map min 16:26 looks a bit alternate history.

@tokutraveler9394 Ай бұрын

lol! an invasion map ww2

@miri-dz9oy Ай бұрын

😂🤣🤣🤣 Great catch. The whole video had an alternate-reality filter applied to it.😅😂

@ryan.w9673 Ай бұрын

Proof the OP is from man in the high castle

@sg23148 Ай бұрын

Here comes the map nazis

@googleit1131 Ай бұрын

"Start"? I thought we've been in one since 2017

@doujinflip Ай бұрын

That's primarily with just the US. China is currently trending to start one against Europe and all the Global South countries where they've been getting offshored to.

@NeostormXLMAX Ай бұрын

@@doujinflip the usa has been doin the same to south america for 100y ears

@walhdamaskus2408 Ай бұрын

@@doujinflip, dude it was the Europe that want start the trade war first.

@johnyossarian9059 Ай бұрын

Whose factories are those that have been moved to other countries such as Mexico? I'd give you a clue: Check the level of trade between Mexico and the US and check the same between Mexico and China. See if you can find a pattern 😁

@user-kn1oo1be4r Ай бұрын

@@doujinflip Which European country is China in conflict with?

@debocknolan6273 Ай бұрын

I have been trading for about 6 months now and just about every mine, it backfires and slaps me in my face. Nearly impossible for me to catch more than a few points I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?

@masangogabriel3356 Ай бұрын

Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.

@lucybentzcrystal4440 Ай бұрын

Don't listen to him, don't give up. Mining takes time(months, even years) to master, even the pros learn everday. Never the less, if you lose money no matter which side you take, maybe you need to look at how you are managing active trades rather than how you are entering them. My advice, find a mentor . And also, try incorporating the use of oscillators, Bollinger and pivot points into your strategy. And most importantly move to higher TFs(4h or 1D preferably), you'll thank me later.

@debocknolan6273 Ай бұрын

You're absolutely right. While I don't incur losses with every trade, my primary challenge lies in allowing my winning trades to fully develop. I often find that I miss out on significant movements in the market. Instead of capitalizing on these opportunities, my trades tend to reverse after initially moving in my favor. Additionally, I acknowledge that my entry points could be significantly refined. Finding a mentor to guide me through these challenges would be immensely beneficial, although I recognize that locating a reputable mentor is easier said than done. If you happen to know any legitimate mentors, I would greatly appreciate any recommendations you could provide.

@lucybentzcrystal4440 Ай бұрын

I've been working with a financial advisor since I started investing. In today's market, the challenge lies in timing purchases and sales of trending stocks, which seems straightforward but can be tricky. My portfolio has grown significantly, making about $1500 bi-weekly. Essentially, what I'm saying is that the 5% of consistently profitable traders often fly under the radar; they're typically low-key individuals. I rely on my account manager to handle entry and exit orders for me.

@bruceclairelopschutz9938 Ай бұрын

Would you mind recommending the specific professional you utilize for their services? I'm facing numerous marketing challenges and could use some assistance.

@sinoaterrenum2865 Ай бұрын

Someone didn't do their homework on the obscene amounts of agricultural subsidies French and EU governments provide to their farmers

@turnleft8645 Ай бұрын

true, that's my degree and their subsidies are egregious

@brockabaddy985 Ай бұрын

And the US?

@rap3208 Ай бұрын

America also subsidizes their milk companies among other things, that is why they can dump the milk instead of selling them cheap - they dump the milk to maintain the price.

@imjody Ай бұрын

I'd love a $15,000 BYD option in Canada, can't lie... 😬

@ulfosterberg9116 Ай бұрын

I would not want to be seen dead in a BYD.

@zuesadam7143 Ай бұрын

@@ulfosterberg9116that's why you're taking the bus

@jeffjones114 Ай бұрын

Talking to taxi drivers in China driving BYDs - they absolutely love them

@biggihan Ай бұрын

I thought we wanted to transition to electric cars as fast as possible. I wouldn’t mind a $15,000 BYD rather than a $50,000 American SUV. Blame the car manufacturing industry for pressuring the US government into regulating profit-maximizing land yachts into the market rather than efficient vehicles.

@imjody Ай бұрын

@@ulfosterberg9116 please do tell me why. And remember, there are literally ZERO successful Canadian car manufacturers yet.

@JWFInancialCoaching Ай бұрын

Slovenia mentioned!!!

@treedai7787 Ай бұрын

YEAHHHHHHHHHHHHHHHHHHH

@MrAsianPie Ай бұрын

Hell yeah!

@korakys Ай бұрын

Even coming from a country twice the size of Slovenia (New Zealand) I still know this feeling, lol.

@millevenon5853 Ай бұрын

The femboys are happy

@AntonOfTheWoods Ай бұрын

The part about France is also wrong. France has absolutely colossal subsidies for wine, including regularly paying growers to rip up vines... Which then get replanted and ripped up again... A good friend's in-laws did this a few years ago in Le Gers. There are lots of import quotas for many, many agricultural products, and plenty of tariffs. Europe, and particularly France, are absolutely not free market at all, and there are plenty of very nasty chemicals that don't get banned, in spite of scientific studies showing they should be, because of lobbies. Do better.

@aesma2522 Ай бұрын

What you call colossal subsidies are some dozens millions of euros. When we're talking about China putting hundreds of billions into its automakers/solar panel makers/battery makers. And ripping up vines is the exact opposite of helping producers over produce to flood international markets. We're all waiting to see China pay car makers to rip up plants.

@darkithnamgedrf9495 Ай бұрын

What are these chemicals then

@torao773 Ай бұрын

Yup. France is literally the poster child for protectionism and state-led industrial policies. Dirigisme.

@MacrosFTW Ай бұрын

Typical xenophobia. Accuses other countries of doing the things they do.

@hughmungus2760 Ай бұрын

yeah agriculture in europe as a whole is massively subsidised and protected. Half the riots in europe right now are because farmers don't want to compete with cheap US and Ukrainian food products.

@user-ks9bf9rd7n Ай бұрын

16:26 damn i knew geopolitics were turbulent atm but france and germany switching places wasn't on my bingo card

@richdobbs6595 Ай бұрын

My guess is that tariffs based on "Made in America" content will be raised to sufficient levels to prevent imports of cars assembled in China. That sounds like a policy that will happen regardless of who wins the election. Especially since EVs are sitting on lots as it is.

@appa609 Ай бұрын

Chinese companies: hold my beer while I build 100 car factories in Mexico

@richdobbs6595 Ай бұрын

@@appa609 Yeah, that lessens the impact for both countries, but doesn't change the end result.

@alexc6926 Ай бұрын

@appa609 both sides have said NAFTA will be blown up if used by BYD to circumvent tariffs by assembling in Mexico. Don’t forget this is a two sided relationship with dependence on openness of us market to Mexican goods not other way around. Let’s see who blinks first or if Mexico’s Alamo comes to his senses

@larryc1616 Ай бұрын

@alexc6926 then buh-bye Toyota, BMW, vw, Ford, if NAFTA is broken which takes the consent of 3 countries not 1

@abdulkerimidris7689 Ай бұрын

This video is an actual embarrassment. 4:02 could literally be talking about the US. 4:43 even more so. Yet it tries to present the statements as unique flaws of the Chinese economy. For God's sake, it tries to tell you that exporting surplus products is a sinister undertaking. Globalization, anyone? And as for the subsidies are bad argument, apart from the whole "infrastructure is unfair competitive advantage" bull, the US also provides ginormous tax breaks for companies, especially for manufacturing, for example. Not to mention countries like South Korea, which I am sure get a glowing review on this channel, which are basically industry zones first and countries second. And the title of the video... are you having a laugh? Circa 2017 is when protectionist tariffs were escalated, BY THE USA, and it still continues with the banning of selling advanced microchips, and the actual GODDAMN SUBSIDIES granted for research in chip manufacturing. But sure, China is the one starting a trade war.

@Gaben38 Ай бұрын

Yeah, the entire video is just loaded bs. Globalism was implemented so the western countries could steal surplus value all over the globe. And now that China is out of control, it's getting rolled back.

@appa609 Ай бұрын

CIA be manufacturing consent

@miskolinaccc Ай бұрын

As someone who lives right next to what used to be a huge bycicle factory in Slovenia, but is sadly now defunct, the opening statement hit differently 😢😅

@lilibueta Ай бұрын

French wine example is unfortunate. There is nothing as subsidised as European agriculture

@cnmike1988 Ай бұрын

another problem on china lol this channel should just be named ChinaMatter

@dansands8140 Ай бұрын

$$$

@rap3208 Ай бұрын

nah, they are just commenting that this video is so full of holes and what they are asserting is really ridiculous, you would too if you remove your blinders and really investigate the facts.

@mrdylaninthebox Ай бұрын

wrong data:over 30 million cars were sold in China market in 2023, not 20-25 million,China car market is larger than the US and EU combined.

@user-dn6kj8xc7r Ай бұрын

China has double US and EU combined population, sells the same number (30 million), yet 29 million are 1/2 the price. China has a car market far smaller than the US or EU each.

@xuchen4012 Ай бұрын

@@user-dn6kj8xc7r Because China does not count used car deal in it. You should add another 18.4 million to this number. In total, more than 48 million

@mrdylaninthebox Ай бұрын

@@user-dn6kj8xc7r 1/2 price? Show me the source!moron, BMW,Ferrari,MBenz,40% of the luxury cars are sold in China market, the average price is even higher than that in the US.btw, China’s population is close to US,EU and Japan combined, but the car sales number is still larger than those 3 combined.

@user-et1vi6jo3w Ай бұрын

@@user-dn6kj8xc7r The size of the automobile market is not calculated as a percentage.

@user-dn6kj8xc7r Ай бұрын

All these Chinese bots trying to make it sound like 10x 1000 is smaller than 100x 50

@mindreader68 Ай бұрын

My goodness, there is literally about nothing in this video that is remotely accurate. 1. The primary beneficiary of Chinese government loans aren't private enterprises but State Owned Enterprises, largely due to the legacy of transitioning from a state-owned economy to a centrist if not market-oriented economy (especially prevent unemployment in the 1990's). The Chinese steel industry has large over-capacity but still receives government loans precisely for this reason and it doesn't affect a steel mill in Pittsburgh one bit. Around 70% of all Chinese government loan programs go to these SOE's 1a. Some random private company that exports bicycles or shirts can expect a government subsidy of about zero. See point 1 2. Private "strategic" industries mentioned in this video such as EV or solar panels point to Chinese subsidies, but I wonder why it neglected all those European and American subsidies that continue to this day. No mention of the $7,500 subsidy for Tesla but only if its battery and eventually all material and parts are produced in the US? And don't get me started on solar panel subsidy. The Europeans basically started that. Let's not also forget the Chip Act for semi-conductors, farm subsidy, Build Back Better and whole slew of acts that came out just this past year. Oh, who could forget Boeing. This makes claims of Chinese subsidy highy facetious 3. Cut corporate tax rates? See TAX CUTS and Jobs Act of 2017. Also, fun fact, corporate tax rates are higher in China. Want to see a tax haven, see Ireland, where a whole slew of Euro/American companies are domiciled. I'm sure it's because of the number of sheeps there 4. Cutting down on unemployment, social security, pension and disability benefits? You mean, when those government-ran (of course) plans went insolvent in the 1990's because they ran out of other people's money? That seems to be happening to every government ran social security, pension or healthcare plan globally 5. Sure, China constructed roads, bridges, ports and pipelines for the benefit of "private corporations" if we pretend the public doesn't benefit from those, such as having employment opportunity. It also helps if we ignore the pesky fact that China also built whole slew of public transportation, schools/universities, theaters, parks etc. It helps if we pretend that the Chinese government doesn't directly subsidize its population in cost of living and what have you 6. Ignore environmental regulations? Per the Air Quality Life Index produced by the University of Chicago, China reduced its particulate emissions by 42.3% between 2013 to 2021 and lengthed the life expectancy of its citizens by 2.2 years. Without China, the global emissions average would have INCREASED instead of DECLINED. What this video doesn't point out is that, China is not ignoring environmental regulations. But rather, when you have a poverty-stricken populace in the 80's and 90's, alleviating poverty had to take priority. Now that it has reached certain level of its economic development, it can consider other aspirations 7. Keeping its currency values artificially low? You mean like the US and Europe that can conjure money out of thin air? That doesn't devalue its currency? 8. France has a competitive advantage of producing wine? What's the opportunity cost of all that land/water producing said wine? How many jobs does it create? How much value-added economic activity does it generate? A manufacturing economy, even textile or unskilled labor is FAR MORE value added than producing wine. You start by providing poor laborers with jobs and prospect with the goal of climbing the value chain. That is China's industrial policy. From shirts and toys to electronics to telecommuncation to Artificial Intelligence and beyond. Your vineyard will produce the same land/water intensive niche product year after year. China has NO comparative advantage in producing tea, rice or porceline in the era of industrial level farming and cheap labor abroad. It buys rice (and other raw materials) for LESS THAN A QUARTER the cost from countries like Vietnam then sells MANUFACTURED GOODS back to Vietnam, retaining all the value-added activities 9. Its no coincidence it produces the world's cheapest bikes and television. Because it has BY FAR the most complete supply chain, world class logicistics/supply chain management, large relatively-skilled (as opposed to unskilled) labor and world-beating infrastructure with a government that is very business friendly. It doesn't produce the world's cheapest toys and cloths. Hasn't for almost a decade now. Know why? Because those are only LABOR-INTENSIVE 10. In a world swimming with debt, perhaps don't call on China to boost domestic consumption too soon too quickly? Which one is it? Does China have a debt problem or savings problem? Because you can't have both

@p46709394 Ай бұрын

You have to understand... All humans are created equal, but not all of us are willing to read. Especially a wall of text, i estimate only 30% of the people passing by are willing to read what you spent time to wrote. Polymatter is just dumbing it down, simplifying it for the majority audience. Hence, the satire intro and the whole tone of making it a china problem when it's actually the whole world's problem. but once again, I do try to read most of it, thank you for sharing !

@99jdave99 Ай бұрын

I honestly expected the sponsor of this video to be the world bank or something lol, this video feels extremely obsessed with viewing China as an illfated misaligned economic dunce! As if China doesn’t have a government that has shown time and time again that it runs different from the US/EU! It’s lines about moving to a consumer oriented economy being the “right path” was especially laughable to me…

@christopheren7096 Ай бұрын

Thank you for your clarity and lucidity ! Based on fact and not feeling

@Rncko Ай бұрын

Yeap, this post summarises pretty well. The thing about China is.... its better if you don't research SOLELY based on internet especially in English language. Like even KZbin is sooooo biased towards medias that downplay China saying crisis this crisis that. But when searching same topic in Chinese.... gods..... even with all the sanctions and trade barriers, their innovations is still rapidly progressing. Its like the propaganda shows 50,000 workers uprising somewhere in China and it looks like a world ending riot but.... on the other side of the media, the remaining hundreds of millions of workers are making new innovations, new apps, breakthrough in logistics efficiency, robotics, unmanned techs, collaborations etc. (and both is true) Meanwhile, I am looking at New York. I think it gonna have some big news in coming few years. Their hundred years old infra is finally crumbling 1 by 1 & I look forward to The West's solution for this on pulling a miracle feat of revamping one of the most densely populated area.

@alexc6926 Ай бұрын

Lies, lies, lies. You 50 cent army really can’t handle what’s coming of trade only with non hostile countries. In China the lien between blurred and private has always been blurred or did you forget that BYD board is filled with CCP top party officials. What’s wrong wolf warrior you’re upset that your hostility to open foreign markets you export are gonna be closed now? :)

@headerbidding Ай бұрын

China: build a road to help people move around. Polymatter: it could be a violation of trade law. This logic is completely mind-blowing

@Zapata1994 Ай бұрын

Lol, I like how no matter what China does, it's made out to be bad somehow 😂

@hughmungus2760 Ай бұрын

To quote Peter Schiff "if china wants to subsidise its products americans should be thanking them for giving them a free discount" Which when you think about it. If china intends to operate at a loss for these exports its china screwing itself over with massive debts while the consumer gets cheaper goods. If anything you should be more afraid of china pulling back on subsidies which would drive inflation right back up and cause even more headaches for net importers like the US.

@noth1ngnss921 Ай бұрын

The trade agreement violation thing was specifically in reference to currency depreciation, which IS a violation.

@jockzhao5125 Ай бұрын

@@noth1ngnss921 yeah, the logic, mind blowing. I fuk a hooker, spend money, payed taxed, counted into gdp, referece to currency depresciation, violation. perfect correct.

@aison2735 Ай бұрын

@@noth1ngnss921 The United States is the largest currency manipulator

@flyoutchase Ай бұрын

*United States slaps tariffs on and creates protectionism policies for China*.......PolyMatter: Why China is About to Start a Trade War

@bigjared8946 Ай бұрын

It's not really "protectionism" when the imports are massively state-subsidized. Of course domestically produced goods with far less state-subsidization cannot directly compete with this and really, why would you want them to?

@MimOzanTamamogullar Ай бұрын

That's not the message in the video at all, did you even watch it?

@chisakihiradaira3477 Ай бұрын

@@bigjared8946USA is capitalist, which means whatever the best bang for buck money can buy is usually the one that comes out winning. Why can’t the U.S. subsidize heavier? The current debt ceiling seems to be infinite anyways 😂

@NeostormXLMAX Ай бұрын

more anti china propaganda lmao, capitalist and free market until they start losing

@alburaq3290 Ай бұрын

@@chisakihiradaira3477Because US doesn't want to end up like China.

@nicestoriesnottherealstori3006 Ай бұрын

I still can't get over how funny it was seeing China absorbing a county I live next to in a Johnny Harris video. Like I already know manufacturing is mostly dead where I am from, I don't think it was completely China that did that thought.

@MimOzanTamamogullar Ай бұрын

Capitalism naturally kills off manufacturing after it reaches a certain level of development, this would be that way without China too

@DanBurgaud Ай бұрын

2:18 China no longer offers cheap labor. Their factories are very efficient and produce goods at much lower cost.

@darkithnamgedrf9495 Ай бұрын

They are subsidized, not necessarily more efficient

@johnyossarian9059 Ай бұрын

The Chinese subsidized themselves into the second biggest economy in the world

@sengwesetogile6054 Ай бұрын

Chinese labour , especially skilled one, is still cheaper compared to west. 600million Chinese earn $150 or less in a month

@ThePowerLover Ай бұрын

@@sengwesetogile6054 He is a propagandist.

@RockZhang-qe7pf Ай бұрын

@@sengwesetogile6054 How many of these are people who lack work ability or are not engaged in production? Including the elderly, infants, and current students?

@Beyonder1987 Ай бұрын

This guy needs to fact check himself

@KHMCHNH Ай бұрын

Yeah, Chinese wages are lower compared to the west, but they are definitely higher than other developing countries and continuing to rise

@Neomadra Ай бұрын

Keep up with the China videos, you've got competition now

@jamesdeininger3759 Ай бұрын

I’d expect to see a lot of creators discussing China’s troubles over the next few years. Get ready lol

@ArawnOfAnnwn Ай бұрын

@@jamesdeininger3759 It's been happening for years already. There's entire channels dedicated to just mining the China well, and nothing else, for their viewership. And I mean way more than Polymatter does. Typically quite biased and VERY repetitive, but it works. Some of them have around a million subs just from doing that.

@supervince110 Ай бұрын

@@ArawnOfAnnwnany recommendation?

@ArawnOfAnnwn Ай бұрын

@@supervince110 For what? Did it sound like I'd recommend any of them? I suppose if you just want to join in the hate train, feel free to mosey on over to China Uncensored or Serpentza. They'll feed you aplenty.

@supervince110 Ай бұрын

@@ArawnOfAnnwn not really I'm just curious what their arguments are and why people fall into them

@NinjagoGuy416 Ай бұрын

16:27 my guy… you got Germany and France backwards 😂😂😂

@coconuts5237 Ай бұрын

I am a company owner of China. I know how much cost for social insurance and tax paid for a employee. It is pretty high. The enterprise is actually highly taxed. Actually the reason for saving high is not because of low social insurance.For subsidy part， I dont know other trades, for green energy part, the government never paid on time. Believe me, making business is hard, competation is so high. I believe that is why there are more competitive company in China. For consumer part, you can see how many apple, tesla, bmw, benz, audi ... bought by Chinese people, actually, the luxury cars are only ones having up sells in China's foreign brands. Chinese also buy a large amount of electric vehicles.

@user-dn6kj8xc7r Ай бұрын

Travellers to china from the west know first hand that the social insurance is indeed low. You cannot compare china today to china last year. In scheme of things, social insurance is abysmal in china. 1,000 expensive cars in a city of millions doesn't make them rich, it means a few people (less than west) have money. More than half of the chinese people earn $2,000 a year, that is true poverty. China is deeply poor.

@Shirohiro2024 Ай бұрын

@@user-dn6kj8xc7r I agree with you, but $2,000 can be quite adequate in some parts of China. Given the vastness of the country and the wide distribution of its population, the cost of living can vary greatly, akin to the price differences between countries with different currencies. Local governments prioritize making goods more affordable for their people. Take eggs, for example: in my years living in the UK, I've noticed that eggs cost 1.5 to 2 times more than in an average Chinese city, and 1.3 times more than in metropolises like Beijing and Shanghai. While the minimum wage set by law may be lower than in the UK, it does not exceed the UK’s by more than 1.5 times. Regarding electronics or manufactured goods, higher-end products like Alienware laptops may be cheaper in the UK due to demand influencing the price. However, items meant to be more affordable for less wealthy individuals-like pens and mugs-are 2 to 5 times more expensive in the UK than in China. In conclusion, those whom you describe as poor may prioritize affordability, and the government is indeed working to address their needs.

@user-dn6kj8xc7r Ай бұрын

@@Shirohiro2024 A country of poverty defended by masses of paid internet commenters saying their poverty is good for them

@hexocat5858 Ай бұрын

@@user-dn6kj8xc7rlmao ur saying this cuz u cant make a better argument

@00101001000000110011 Ай бұрын

@@user-dn6kj8xc7r so you don't understand purchasing power is dependant of the place. 2k usd in china don't buy the same things they do in utah or LA. china's population is mostly middle class, that is more than what most of the world can say. shame you are too ignorant to even know that.

@iiio12 Ай бұрын

Show a Foreign Direct Investments chart along with the GDP growth and where it is today, that will answer the question how many of those cars will be permitted on EU/US markets.

@changshu6463 Ай бұрын

PolyMatter: Affordable Cars: Unethical Expensive Cars: Comparative Advantage!!! How educated.

@Mhark127 Ай бұрын

The logic of capitalism

@ZachDavisForReals Ай бұрын

The problem isn't their affordability, it's that the government of China gives advantages that violate free-trade rules. Look up "dumping" in regards to international trade.

@wildwolf111 Ай бұрын

One big comparative advantage china has is its battery technology. Rather than seeing it as exporting cheap EVs, you should see it as exporting cheap batteries where china has both the capacity and the advanced tech.

@aronseptianto8142 Ай бұрын

i don't think he ever call it unethical. He calls it an economic problem (paraphrasing) which, i mean, it is. fucking over your worker will become and economic problem at that kind of scale

@changshu6463 Ай бұрын

@@ZachDavisForReals Hey I am a huge supporter of free trading. And I know that US is the leader of it. But looks at Biden's CHIPS act. subsidies, exclusive supply chain, force investment, doesn't that violate the FREE-TRADE RULES? Does anybody knows that US have DUMPED corns and soybean to latin America, Affrica and China to destroy their agriculture system? It will be unfair for PolyMatter to not blame US as well

@jimothypersson8306 Ай бұрын

Would’ve liked to see included in the video if there is a plan from Beijing if Europe starts introducing heavy tariffs on the cars, and exports don’t sell well in Europe

@catinbootsnow4267 Ай бұрын

With all the competitive advantages, China will mainly sell cars in Russia, Southeast Asia, middle Asia, middle East, Africa, and Latin America, competing head to head with cars from US, Europe, Japan and South Korea. Consumers in these regions are more than glad to see more affordable cars to choose.

@appa609 Ай бұрын

Chinese automotive demand is extremely undersaturated because of strict licenture requirements in the big cities and they can choose to ease this at any time to increase consumption. There are about as many cars in China as in America, except China has 4x the population.

@davidk.d.7591 Ай бұрын

It's a difficult line to tow and Chinese carmakers are definitely going to start making cars in Europe. Even the EU isn't united about the tariffs. The French are pushing for them but the Germans are understandably, trying to tow a very fine line. Interesting to see how it plays out.

@coilung000 Ай бұрын

is the first minute of this video an out-of-season April fools joke?

@bilinasmini3480 Ай бұрын

It's unfortunate that PolyMatter has to resort to anti-Chinese sensationalism due to a significant decline in video quality.

@Iloona974 Ай бұрын

It's sad. I used to like his content

@MacrosFTW Ай бұрын

He wants to be able to put in less work and get higher views.

@mail4500-bx9lb Ай бұрын

Indeed, this is quite a poor quality mis-information content

@famouschappi Ай бұрын

Forgive him. He has rent to pay. He knows not what he do-du until he steps in the poo-poo.

@enonh82 Ай бұрын

In many western countries children used to work in mines well into the 20th century. To think that we developed with regulations on labor and the environment is laughable.

@EthicalAllele Ай бұрын

Some states are correcting those regulatory "mistakes" from back then and loosening child labor laws! The future of the US looks grim with all the politicians effectively being puppets for the super-wealthy elite.

@Davethreshold Ай бұрын

Sadly, you are so right. On a PBS, American Experience, they showed an old, shocking photo. The Fathers of those Kids used to stand behind them with BULLWHIPS! I couldn't believe it. I love my United States but there is much bad history with us not even including slavery.

@selohcin Ай бұрын

Is that at all relevant to the claims of the video? No, you're just derailing the discussion about Chinese exports.

@jiafuliu3729 Ай бұрын

Perhaps only if China is still an agricultural country will they be satisfied

@kennyloong90 Ай бұрын

No children work in mine at china also

@amrmohamed1387 Ай бұрын

I'm surprised at how poorly this video has been made, it's not what I have expected at all

@nextinstitute7824 Ай бұрын

It's not badly made, but some relevant points seem to be missing. It's an incredibly difficult topic and analysts don't all agree on it. He has some interesting points of view, though , that are worth following up on.

@nextinstitute7824 Ай бұрын

It poses more questions than answers to me.

@wArGa5m1 Ай бұрын

Badly made… lol yeah okay let’s see your videos 😂

@princekaguo Ай бұрын

Yeah its like they didn't even try to hide the anti-China bias

@zuesadam7143 Ай бұрын

@@wArGa5m1what kind of takeaway is this? Do you need to be a chef to know if some food tastes bad? He's referring to his research and not his video creating skills

@TomSimba Ай бұрын

Whining about China being unfair to the rest of the world and their workers working too hard will not change the non competitiveness of America. Stop spending trillions on wars and use that money to help American industries and workers.

@runed0s86 Ай бұрын

But how else will our kids learn discipline 🤪

@oldmandoinghighkicksonlyin1368 Ай бұрын

You directly benefit from military spending. It pays for the stability that's allowed the world, and by extension--you--to prosper. The US Navy is what keeps maritime trade going without major hiccups. Protecting US national interests keeps global trade ticking along. The internet, GPS, etc etc....you benefit from it.

@aslampervez2294 Ай бұрын

@@oldmandoinghighkicksonlyin1368 you r requested to mind ur own business and take care of your own country please

@Booz2020 Ай бұрын

Slava 🇹🇼

@TomSimba Ай бұрын

@aslampervez2294 Yes, I live in a relatively neutral country that minds our own business, but this trade war, pretty one-sided, I would say, greatly affects the rest of the world. If you believe spending a disproportionate amount of America's fortune on the industrial military complex, more power to you. To each his own.

@SerotoninReuptake Ай бұрын

Francis Scott Key Bridge in Baltimore (shipping port) just collapsed because a ship ran into it. 🤔

@robezy0 Ай бұрын

I'm not so sure about the takeaways from this video, my impression is Polymatter took a rather simplistic view here and I'm quite worried about the emotionally charged language throughout the video, too. It's not hard to utilize China's authoritarian system and use it as an explanation for why the government cannot get consumption up. However, when taking more data into the picture, this explanation doesn't hold up. Compared to Western countries, consumption does account for a lower share of GDP (just above half, compared to 2/3 in the US and UK) but this is the case all over East Asia. The Taiwanese and South Korean economies rely even less on consumption. So, the actual reason why Chinese people are frugal can't because they have low social security. What unites these countries is the high cost of raising children, especially regarding education and marriage, which are common reasons why families save money. I similarly disagree with the notion that China has suddenly decided to flood Western markets with EVs. What the video is leaving out is that BYD is already the biggest car exporter in the world. Why would they not sooner or later tap into Europe and America? This isn't some sudden grand strategy but a rather normal development and of course not China will start this 'trade war' but the countries who are insecure about this change. What I agree with is that China is restructuring its economy, but in a different way than implied here. Polymatter have talked about it for a long time: China's record growth numbers cannot go on indefinitely, but now that it happens, they act as if getting the numbers back up is China's only solution, when in reality, even the CCP has realized by now it has to make growth more sustainable and let more people benefit from it. 'Quality over quantity' is widely being discussed in Chinese leadership now (BRI projects for example are now called 'small but beautiful') and I'm astonished this channel isn't talking about this at all but sticks to blaming its authoritarian nature. Source for most of this: "The New China Playbook" by Keyu Jin (London-based economist)

@chengong388 Ай бұрын

the ultimate fate of all these documentary channels as they grow bigger, is more and more simplified, less and less rigorous research, and more influence by money or political correctness. At some point you just have to unsubscribe.

@chickenychickens5154 Ай бұрын

Yeah, Xi Jing Ping did say we’ll slowly transition from low quality mass production to high quality production of higher tech products, polymatter really reasearch that if Xi wants something done, he’ll get it done, and didn’t factor in the long economic plan that would stretch decades.

@TheBooban Ай бұрын

It can practically go on indefinitely. As long as the west won’t implement trade war policies that the Chinese have been waging for 30 years. Nothing wrong with China selling cars to the west. If they build it there with a joint venture. Simple.

@nextinstitute7824 Ай бұрын

Becoming the leader in tech is very much a strategy, quite openly so actually. Nothing wrong with that strategy, but it is part of a plan.

@nextinstitute7824 Ай бұрын

@esphaeraspraestans4212They also have mountains and mountains of discarded new ebikes. Imagine the ecological cost of that...

@kibetgodwin2834 Ай бұрын

Polymatter is too obsessed with Chinese, it's like his Chinese girlfriend broke his heart

@CyborgNeko Ай бұрын

of course anything related to china topic duh is gain lot of views click on this political problem

@PherPhur Ай бұрын

For being so obsessed with China he left out probably the most important factor in this video. That the US suffered extreme supply chain issues during covid regarding China so businesses are switching over to setting up shop in Mexico since it's closer and has less problems like this. Any disruption in supply chains is HUGE for complex products. Mexico has actually surpassed China as the leading trading partner with the US just last year.

@adon8672 Ай бұрын

@@PherPhurmost of the raw materials and especially the intermediate materials for the Mexican made products are imported from China.

@robisverybad75 Ай бұрын

@@PherPhur China has invested 6 billion in Mexico for industrial plants that will manufacture for the USA market, but not be subject to tariffs because of NAFTA. This is why the stats are like you state

@walhdamaskus2408 Ай бұрын

@@PherPhur, dude mexican stuff are Made in Mexico by china.

@joela.4058 Ай бұрын

This was a phenomenal video, good explanations of complex things

@_Wai_Wai_ Ай бұрын

hmm groceries, basic necessities for people are "too" cheap. Is it better to have inflation?

@justinr9753 Ай бұрын

A small amount is better than deflation in most aspects. If you have debt, that debt loses value. If you get a raise you probably have to keep it. If you import stuff to make other stuff it makes it more expensive to make less money. If saving money makes you more money, your probably not going to invest it hurting growth.

@kekw3271 Ай бұрын

Its cheap because demand is low, chinese companies aren't making enough money. Look at chinese stock indexs, its fucked.

@_Wai_Wai_ Ай бұрын

@@justinr9753 What? having debt lose value is bad? I think you mean leveraging debt to buy assets such as real estate. And the deflation has caused real estate prices to drop. Yes, if you are speculating real estate, and you buy too many properties at too high a price, then the deflation of houses will burn you.

@zajacztamas7 16 күн бұрын

I know I'm a bit late, but you are one of the few sane voices on the comment section of this clearly propagandistic video. Thank you for that, and keep it up man!

@BrendanGeormer Ай бұрын

The engineer's dilemma is to make something as cheap as possible that just passes standards for safety.

@rubiconnn Ай бұрын

Honestly I would love to see Chinese electric cars in the US. American car companies have become so lazy, terrible, and unoriginal because they bribed politicians to not allow foreign cars to be sold here.

@phil20_20 Ай бұрын

You're thinking of management. The engineers' task is to make everything last the same amount of time. That's why things are starting to fall apart all at once. 😅

@neoxyte Ай бұрын

Which is why safety standards are usually high. To solve that very problem.

@AllSeeingEy3 Ай бұрын

Anyone can build a bridge that will last for 1000 years. But if you want a bridge that will last *exactly* 1000 years, you need an engineer.

@esdeath89 Ай бұрын

@@AllSeeingEy3lol😂

@rest0re871 Ай бұрын

The building highlighted at 1:32 is a Field and Stream, the REI is actually across the parking lot in the rectangular building. Funny to see a local place on a YT video.

@themantimeforgotx Ай бұрын

I was thinking the same thing, Look its the Easton area with Costco to the South!

@kentkagle3850 Ай бұрын

cant say this enough your voice is totally bad ass perfect for narrating

@bradfordemily2577 Ай бұрын

I'm tired of these new buys every week, just to make up some assets with low percentage on my $236k portfolio and try to keep everything around 10%. Do you think these stocks you just mentioned are safe buys to outperform the market this year?

@fxkathybviatelegramonly4016 Ай бұрын

For me. I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery. Or hire a good market strategist

@EllenHarry Ай бұрын

Agreed. I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons. Our current project for this year is a more concrete ballpark target.

@bradfordemily2577 Ай бұрын

May I know the name of the advsor who has been assisting you, please?

@EllenHarry Ай бұрын

She goes by ‘’Monica Lisa Payne’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

@bradfordemily2577 Ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

@magnumkenn Ай бұрын

The video editing is really good! The best use of B-roll I have seen on these styles of shows

@naibafYT Ай бұрын

At 16:23 you have confused France and Germany on the map 😶

@danielbenner7583 Ай бұрын

This is more about an impending trade war with the EU, rather than the US. Decent chance it’d rope in Japan and South Korea, as they’re all going to want to protect their nascent EV industry. On the bright side, the rest of the global south (with the exception of India) will get a bunch of cheap EVs, so I see some positives to all this.