supercat
Colonel
No one complained when the Chinese market was flooded with foreign brand ICE cars.
Such extreme financialization doesn't bode well for the future of the West.
China floods the world with gasoline cars it can't sell at home
While Western nations focus on the competitive threat of Chinese EVs, a different challenge is reshaping the auto industry. Beijing's legacy automakers are saturating emerging and second-tier markets with fossil-fuel vehicles — often undercutting their foreign partners.
Such extreme financialization doesn't bode well for the future of the West.
