Hong Kongers and Hanjian White boot lickers a.k.a. American companies lol
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
In4ser
Junior Member
That’s great news. ICE vehicles are still important in case the power grid gets shutdown or for military vehicles used in the field abroad.
This entire thing is bullshit. How can you be proud that your domestic % is just 25%? Byd has to be over 75% at this point
Domestic chip %, I don't think Chinese fabs can quite support all the Chinese autos yet.
Whose chip do you think byd is using? 25% is nothing to celebrate. It's an embarrassment
Germany had a major current account surplus before the energy crisis, which is already quickly disappearing:
That suggests the euro is actually undervalued compared to Germany's underlying competitiveness. In other words, if Germany would break away from the euro, their nominal GDP per capita would actually rise.
Trying to debase your currency to pay off your own debt isn't a winning strategy. Japan has tried the "infinitive QE" strategy and it doesn't look very successful to me. So far China has not opted for that strategy, which is a smart approach. But that doesn't change the fact that China is now more indebted (in total debt/GDP) than Germany despite being 4X poorer per capita. Which economy is more impressive?
1. The EU is not a fiscal union, despite the best attempts of the weaker southern countries to make it one. So no, Germany isn't "obliged to support the economies of highly indebted countries". There is no common bond issuance etc. There was a one-time stimulus during the Covid crisis, but a lot of that are just loans (albeit at cheap rates).
2. I agree that China has a structural advantage in terms of cheaper energy. German energy policy (e.g. anti-nuclear mania) has been very stupid for many years. That having been said, I think neither Germany nor China are going to be as dependent on gas going forward as many people think. Renewable energy in both countries is increasing by leaps and bounds.
3. I suspect this is why China isn't rushing with Power of Siberia 2, because it isn't clear if China will need all that gas demand. This suggests that the market will be in a glut going forward.
Anyway, I think this discussion is a bit tangential to the topic so I will end it here. I was just chuckling at the comment that Germany is "too poor" to upgrade their EV network.
Prove it.
D
Deleted member 24525
Guest
What is your point? Debt is a social accounting tool. It tracks who is legally entitled to what resources and who is obliged to give them up. It's literally just numbers on a computer, not some kind of physical resource constraint.
German private debt is kinda low since property ownership is rather low in German. People prefer to rent than to buy property.