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China has a hyper protected domestic market. There is no other major economy in the world as shielded from foreign competition as China. How does that fact cor
by adventured 1y ago
China has a hyper protected domestic market. There is no other major economy in the world as shielded from foreign competition as China.
How does that fact correlate to China's EV segment booming?
- ToucanLoucan 1y agoHow are U.S. automakers "ruthlessly competing" in the global market otherwise? Can you name a single American car that competes well overseas? I know the F-150 did at one time but I don't know if that's even true anymore given that what was once Ford's workhorse has been turned into a luxury SUV for suburbanites cosplaying as blue collar workers occasionally. Most American OEMs are now all but entirely in the SUV/pickup truck markets precisely because the Asian makes already kick the shit out of them in every other category. Several prominent brands have nothing on sale but SUVs right now! And they're STILL going broke.
- lossolo 1y ago> China has a hyper protected domestic market When I was in China, I saw Teslas everywhere and iPhones too. It seems there are products that can still compete in China against strong domestic brands. The country hasn't really been hyper protected for a few years now. I mean, majority of the products from around the world are basically produced there so they are not even looking at tarrifs, besides that many industries no longer require joint ventures, much of Africa has tariff free access etc.
- orwin 1y ago> China has a hyper protected domestic market For B2B maybe (i don't know about "hyper", and services and software are outside of this protection for sure). For consumers/customers, China is freer than the US.