@Brad_Setser No one is entitled to anything. You got to earn it. BMW gained China luxary car market by earning Chinese consumers’ trust. BYD earned international market share by earning global consumers’ trust.
@baoshaoshan@JohnRoss43 Many people would feel lucky that someone, China in the case, are capable of providing the EVs they want, in the face of the Middle East crisis now.
@Noahpinion Europe can enhance its positions by welcoming FDIs from China, and gain stronger positions against the US.
Europe and US cars flooded China market for decades.
China turned the corner by welcoming VW, GM, BMW, Toyota, Tesla, etc., into China’s market.
Yes, that’s incredible! Taking into consideration of population of each country, it may present a different picture.
For car export in 2026 (f), for each 1,000 people:
Korea: 56 cars/1,000 people
Japan: 32 cars
China: 8.5 cars
So cars exported per capita: Korea is 7x, Japan 4x, of China’s.
What does it say each country export/overcapacity?
No doublt that China may have much larger impact due to its size. But, in terms of balance of internal consumption and export it may not that too extreme.
People just have not got used to it.
Welcoming FDI by western countries could be a way for balancing their own manufacturing, just like what China did.
@tphuang@electricfelix China: 1) Invest in sectors where you get the best ROIs 2) Invest in the sectors dominated by the west and subject to being weaponized by the west 3) invest in the sectors with its own dominance to maintain deterrence to potential threats