Biden Set to Hit China EVs, Strategic Sectors With Tariffs (generations, economic)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
BYD factories are 97% automated so why bother bickering over factory work pay ?
https://tphuang.substack.com/p/autom...at-byd-factory
A particular striking example is BYD. It has built many new factories in the past 3 years and they are all very automated. Most recently, BYD invited people to come with its Hefei plant. This plant has 1200 welding robots and is 97% automated!
..
BYD uses AGVs, robots and intelligent warehousing to achieve maximal efficiency. That is a common theme among all the articles of BYD plants. AGVs to move things around, robots to do all the assembly, welding, screwing and painting and intelligent warehousing to provide all the needed parts.
It wasn't bickering so much as I was correcting a mistaken statement-that Chinese factory workers were paid $25/hour.
Yet they are #2 best selling EV after Tesla.
Go figure.
Oh I found the amount of subsidy they got from China...$3.7 billion.
We gave Ford, GM and Chrysler $15.5 billion.
I think China came out ahead since their subsidy generated big profits.
Our subsidy (3x what China did) generated losses... Ford, for example, lost $36K per EV sold.
I think the tariffs are just an excuse to buy time. Naturally China can produce cheaper than the west and people would rather buy from them. China is destined to what happened to Germany and Japan.
Coal and cheap energy made the west great places to develop and live. That is why the rules need to keep changing, so others don't catch up. And so we have climate change and all the policies that come with it.
I am just wondering how long this will go on: attacking Chinese companies like Huawei, the car industries, etc. We know where it ends. A war the kind we have never seen before to destroy the competition and finally reconstruct in US terms. Of course we will never hear the truth, I can already see the propaganda. The fight is against an aggressive and evil state lead by the ccp, and it is our duty to stop them and show them our democratic values.
“President Trump may think he’s being tough on China. All that he’s delivered as a consequence of that is American farmers, manufacturers and consumers losing and paying more”
yet lyin' xoe kept the trump tariffs. seems odd.
Just two weeks or so ago Dems were slamming Trump for saying he'll do some of the things Biden is looking to do now.
In China, the average monthly salary is 29,300 Yuan (Chinese Yuan), equating to USD 4,214 (US dollars) per month according to the exchange rate in May 2023The annual average wage of a typical Chinese employee is around 352,000 Yuan (USD 50,629).
In China, the average monthly salary is 29,300 Yuan (Chinese Yuan), equating to USD 4,214 (US dollars) per month according to the exchange rate in May 2023The annual average wage of a typical Chinese employee is around 352,000 Yuan (USD 50,629).
Biden fired the first shot and China shot back....they are dumping treasuries.
https://mishtalk.com/economics/is-ch...tis-uncertain/
China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.
Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, according to calculations based on the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period.
In China, the average monthly salary is 29,300 Yuan (Chinese Yuan), equating to USD 4,214 (US dollars) per month according to the exchange rate in May 2023The annual average wage of a typical Chinese employee is around 352,000 Yuan (USD 50,629).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
