In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
  • njm1314@lemmy.world
    3·
    2 hours ago

    And then we have mass worker revolts to seize the means of production in these countries right? Right?

    • CyberMonkey404@lemmy.ml
      1·
      28 minutes ago

      Woulda been funny. Not just for the obvious benefit of having an uprising and potential revolution in Europe, but also to see how genuine those “red millionaires” are about socialism with Chinese characteristics

  • superkret@feddit.org
    391·
    17 hours ago

    So they’re now outsourcing production to the West? We’ve really come full circle.

    • baru@lemmy.world
      111·
      13 hours ago

      Why do you assume the West? China often expands to other Asian countries. Or pretend to. E.g. after tariffs are applied to China you’ll often see a huge increase in intra Asia trade. Followed by different Asian countries heavily increasing their exports. Usually by hiding the true origin (tariffs are applied to the origin, not some transhipment place).

      • Hawk@lemmy.dbzer0.comEnglish
        3·
        5 hours ago

        Also a lot of infrastructure in Africa is being funded in China, their position there is only going to grow stronger.

  • Pika@sh.itjust.worksEnglish
    64·
    13 hours ago

    I’m not sure why we care. It’s just simple competition, if your opponent is able to sell a cheaper product, either lower your price or deal with it. It’s basic capitalism.

    While I’m for tariffs on import to at least make cost equal to minimum wage for workers (to equate for the pay wage differential) if the factories are being built in house, it means they are following country standards including wages, I don’t see the issue.

    • Pup Biru@aussie.zoneEnglish
      1·
      1 hour ago

      economics is far from a simple competition… things like game theory lead to monopolies being bad for everyone, and that’s what china wants in a lot of cases. the chinese government subsidises some of its industries dramatically so they can take over a global market and then slowly backs off the subsidies when they’ve killed their competition

      it’s similar to microsoft’s embrace, extend, extinguish strategy

    • TheOubliette@lemmy.ml
      101·
      10 hours ago

      Free market propaganda has never been applied under equal circumstances. It is rhetoric used by capital to reduce or destroy regulations, labor, national sovereignty, etc. Western industrialized capitalist coubtries built their industry and infrastructure using tariffs to protect it, then turned around and demanded the opposite from other countries so that they would have to buy their products and sell whatever those colonizer countries wanted (at the time, usualky raw materials).

      Now that other countries are ascendant, US-based “free market” capital is gladly re-embracing protectionist logic. It has only ever been about maximizing their profits. The “theory” of free markets tails capital, it isn’t a science or even a valid line of thought.

      • azl@lemmy.sdf.org
        5·
        6 hours ago

        And this behavior is somehow sold to the public as a way to boost the economic wellness of the people living under the isolationist programs, but instead it enables profiteering corporations to exert more control over the artificially narrowed market space.

        Locking the door with the fox(es) in the henhouse.

        • TheOubliette@lemmy.ml
          3·
          5 hours ago

          In some cases it has improved public welfare as industrial capital demanded infrastructure and education, though of course they also demanded as much of your day as possible for as little wage as possible. And as finance wins out it acts like a parasite on productivity while still demanding maximum time and minimal wages.

  • QuarterSwede@lemmy.world
    76·
    15 hours ago

    Seems like a short lived plan. Just need to change laws so that Chinese owned vehicles have a tariff, no matter where they’re made. Of course, then they just create shell companies in the states/EU and the game of cat and mouse continues.