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by
autocanopener
3y ago
fake market propped up by government subsidy. should crash 30-50%, much like the real estate prices these days in China. A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brim
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autocanopener
3y ago
That number is counted whenever citizens travel to/from Hong Kong and Macau. There are people making day trips to/from Hong Kong every day.
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autocanopener
3y ago
No, foreign FDI shifted from China to south east asia factories. There's a reason xi Jing ping was begging to share on a 'common dream' when he visited Vietnam this month. Sure, foreign companies are losing in Chinese auto m
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autocanopener
3y ago
Let me supply you with some hard knowledge. China Now Sells Fewer Goods to the US Than Mexico or Canada Do https://www.bloomberg.com/news/articles/2023-08-08/china-los... For the first three quarters of the y
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autocanopener
3y ago
As always, engineers on hacker news have like 2-3 year delay of news out of China. The rest of the world has already moved onto other countries. 1.) "just money coming in" Outflows of foreign direct investment in China have excee
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autocanopener
3y ago
It's crazy that this Chinese EV push will decimate global oil demand, which will collapse Russia's economy faster. But China then has to support/supply Russia with even more war supplies/materials, which I guess make Ru
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autocanopener
3y ago
U.S seems to have adopted advanced protection against dumping of Chinese EV vehicles, via the signature climate law and languages in the inflation reduction act. Chinese EV have barely any market adoption in U.S. Europe is where the potent