America needs to get SERIOUS !!! about China's tech rise dominance. Cranial/Rectal inversion in D.C.

Comments

• Sven

  October 6

  Thank you for the informative Fareed’s reporting. China is no longer a manufacturer of low tech stuff. Far from it, the country’s long term objective is to becoming global competitor. This trade war plays into their hands as beef is imported from Australia (plus South America) and soybean from Brazil. The only area China is lagging is semiconductor (several years behind according the think tanks).
  
  Technology advances at a fast pace. The anti-science protectionism policy of this administration only spells demise for US.
• bee

  October 6

  Not seeing this from the articles I read. China is reeling, not rising. From high unemployment rates to overbuilt and overprice real estate to government stimulus that directly keeps the party going.
  
  Here are a few reads I found revealing:
  
  China in Charts:
  the-chinese-economys-moment-of-macro-weakness-in-charts/
  
  Government Stimulus and The China's Economic Impulse:
  https://libertystreeteconomics.newyorkfed.org/2025/04/gauging-the-strength-of-chinas-economy-in-uncertain-times/
  
  Problem- The Chinese Real Estate Sector and Chinese Wealth Effect:
  insights_understanding_china
  
  China economy: Finding a cyclical floor amid a structural downturn:
  https://oxfordeconomics.com/china-economy/
• Old_Joe

  October 6

  You have to separate China's internal domestic economy from their long-term manufacturing, military, and technical research sectors. Those sectors are where we are going to be in serious trouble, as they move ahead rapidly and we regress to a coal-powered economy. China is well aware of the climate crisis, and employing enormous resources to survive that. The "leaders" of the United States deny that there is even a climate crisis, and any efforts to deal with that are actively being devalued and discontinued.
  
  China's internal domestic economy has had serious and well documented problems particularly in the real estate sector. However, even the real estate sector has recently begun to stabilize and is slowly improving.
  
  
• bee

  October 6 edited October 6

  @Old_Joe
  
  China's current consumption of coal ranks 12th per capitia. They are the number 1 user of coal in the world by weight, an astounding 50% share of the world coal usage. Another way of saying this, "China is half of the dirty coal problem...the rest of the world is the other half."
  
  https://worldometers.info/coal/coal-consumption-by-country/
  
  Lets look at current air quality stats, Real Time Air quality statistics:
  
  China:
  https://aqicn.org/map/china/
  
  US:
  https://aqicn.org/map/usa/
  
  and,
  worldpopulationreview.com/state-rankings/air-quality-by-state
  
  Let's look at how the US and China produce energy by input fuels:
  
  China:

  China's primary input fuel for energy is coal, which accounted for about 58% of its total energy consumption in 2019

  eia.gov/international/content/analysis/countries_long/China
  
  US:
  https://eia.gov/energyexplained/us-energy-facts/
  
  Regarding Dire Real Estate Challenges in China (from the same news source (CNN) that @Catch22 sited):

  what matters the most is that Beijing has taken the bold initiative, which will help stabilize expectations.
  
  Taking a long-term perspective, the plan could reduce the risk of China sliding into a “deflationary spiral” like Japan did, as a key lesson from there is that policy makers should avoid doing too little, too late, they said.
  
  “[This might be] the beginning of the end of China’s housing crisis,”

  economy/china-property-crisis-stimulus-challenges-intl-hnk
  
• Old_Joe

  October 6

  I understand that China is highly complicit in the ongoing use of coal as an energy source for electricity generation. But it is also true that they are indisputably the world leaders in research, production, and installation of clean energy generation. They basically own solar generation, and are also an important provider of wind generation technology.
  
  The United States government, on the other hand, is attempting to terminate the installation of wind generation projects which are already near 80 or 90 percent of completion. Installation of additional wind and solar generation is being actively suppressed, while coal and oil based generation is being strongly promoted.
  
  And the financial genius of one man is responsible for that.
  
• Old_Joe

  October 6

  And this, from the BBC:

  Chinese car making giant BYD says the UK has become its biggest market outside China, after its sales there surged by 880% in September compared to a year earlier.
  
  The company says it sold 11,271 cars in the UK last month, with the plug-in hybrid version of its Seal U sports utility vehicle (SUV) accounting for the majority of those sales.
  
  It comes after figures from the car industry body the Society of Motor Manufacturers and Traders (SMMT) showed that sales of electric vehicles (EVs) jumped to a record high in September.
  
  The UK is particularly attractive to firms like BYD as the country has not imposed tariffs on Chinese EVs, unlike other major markets such as the European Union and the US.
  
  BYD, which offers cheaper models than many of its Western rivals, said its share of the UK market jumped to 3.6% in September.
  
  The company will launch more new hybrid and electric cars in the months ahead, said the BYD's UK manager Bono Ge. He added that the brand's future in Britain looks "hugely exciting", having just opened its 100th retail outlet.

  Eating our lunch.
• WABAC

  2:21AM

  China has a lot of problems, including cratering demographics. That doesn't appear to have slowed down the desire to maximize productive capacity beyond reason, seemingly in nearly every human endeavor.