China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical. In 2018, they invited Tesla to build a wholly-owned factory in Shanghai. No joint , page 221

China spent 25 years failing to build a globally competitive domestic car industry through hundreds of billions of dollars of subsidies and forced partnerships. Then they tried something radical.

In 2018, they invited Tesla to build a wholly-owned factory in Shanghai. No joint venture required. Chinese officials called it the "catfish effect" - Tesla would force domestic companies to compete or die.

The impact was brutal. When Tesla's Model 3 launched in 2020, it quickly became China's best-selling EV. BYD's total vehicle sales actually fell 7.7% that year to just 427,000 units.

By competing with the world's best, BYD was forced to address what they were missing: Chinese EVs had great battery tech and software, but the cars weren't appealing. So BYD learned design. Sales exploded. Today BYD sells over 4 million vehicles annually - 10x their 2020 numbers, and more than Tesla globally.

America should do the same thing. In the long run, the only way to win high-tech manufacturing is to actually compete against the very best in the world.

We should encourage BYD and other leading Chinese companies to build factories in America in exchange for the access to the U.S market. This would allow us to build up process knowledge and the the relevant supply chains domestically, and force American companies to catch up.

The alternative is to fall further and further behind.

I talked to Arthur Kroeber @arkroeber, one of the sharpest observers of China’s economy, about this and much more.

Full episode out tomorrow.

1周内 1个月内 1年内全部时间

On April 23, 2005 (21 years ago today), the very first YouTube video was uploaded.
Google was able to buy YouTube for just $1.65 billion in 2006. As of early 2026, YouTube's estimated brand value is over $183 billion, with annual revenue surpassing $60 billion from ads and
有趣
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1个月前 • non aesthetic things • 下载视频 0 评论

00:00:18

President Zelensky: The United States produces about 60, maybe 65, anti-ballistic missiles per month. That is nothing.
On the first day of the Iran war, the equivalent of two years of that production was used in 24 hours.
We need our European independent strong system, and we
时政
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1个月前 • Republicans against Trump • 下载视频 0 评论

00:00:48

I was honored to lead a prayer of rededication at today’s Rededicate250 event on the National Mall.
Just as 56 brave men dedicated this land in the Lord’s name at our nation’s founding, we rededicate the United States as “One Nation Under God” as we mark 250 years
时政
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19天前 • Speaker Mike Johnson • 下载视频 0 评论

00:10:53

Jimmy Lai was sentenced to 20 years in a Hong Kong prison for standing up for freedom. His daughter Claire is at the State of the Union Address tonight — and tomorrow, you can hear directly from her.
In a conversation recorded just days before her father's sentencing, Claire
时政
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3个月前 • Acton Institute 0 评论

I love Russia. Lived there for roughly 8 years of my life. But I do not support Putin. His policies do not advance Russian interests. Slaughtering tens of thousands of young Russians to capture some villages that few Russians even have heard of is very anti-Russian behavior to
时政
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2个月前 • Michael McFaul 0 评论

Mayor Mamdani REFUSES to honor this Officer, but we should. 🎖
NYPD Chief Aaron Edwards first joined the force after Muslims attacked his city on 9/11.
23 years later, he was able to save New Yorkers lives from another Muslim attack.
When 2 Islamic terrorist began throwing
时政
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2个月前 • Patriot🇺🇸Newswire 0 评论

Dear Elon,
the only problem is that everyone lost motivation because our followers weren't seeing our posts. This way, nobody can grow their account either. So none of us want to share a post.
I'm saying this as someone with 10 years of experience in social media.
When our
有趣
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2个月前 • The Figen 0 评论

Jean-Claude Van Damme openly admitted that he deeply regrets leaving the loyal wife who stood by him when he had no fame or money.
He chose Hollywood success and his ego over their relationship, but years later she forgave him and welcomed him back with open arms.
有趣
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2个月前 • The Figen • 下载视频 0 评论

00:01:01

A man in Peru was detained after police found an 800-year-old mummy inside his delivery bag.
He claimed the mummy, which he called “Juanita,” was his spiritual girlfriend and said it had been in his bedroom for years. Scans later revealed the mummy was actually male.
有趣
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29天前 • non aesthetic things 0 评论

Earlier this year, I had the honor of meeting with Ziba Murat, whose mother, Dr. Gulshan Abbas, has been unjustly imprisoned by the Chinese Communist Party for nearly 8 years.
As Mother's Day approaches, we think of Ziba and others who won't be able to celebrate with their
时政
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28天前 • Speaker Mike Johnson 0 评论

Kash Patel is the right man at the right time to lead the FBI. After years of weaponization and abuses under the Obama and Biden administrations, Kash will remove politics from the FBI and refocus the agency on doing what it's supposed to do: stopping crime and protecting the
btc
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1年前 • Rep. Jim Jordan 0 评论

Peace and love” vs Reality.
Taiwanese: “There’s nothing to compare, both sides are good ❤️ We’re all happy!”
Mainlander: “I trained 10 hours a day for 8 years — storming beaches, shooting, and mastering killing skills… just to kill you all 🐺”
This is why the “we are all one
时政
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11天前 • The Great Translation Movement 大翻译运动 0 评论

A British biologist looked at 200,000 years of human history and found that the entire reason humans broke out of poverty was not intelligence, not language, not even agriculture, but one mechanism so simple a 6-year-old could explain it.
His name is Matt Ridley.
He is a
时政
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5天前 • Millie Marconi 0 评论

For 37 years, over 2,000 images taken by a Chinese state media photographer were hidden in a metal box, surviving brutal purges—until now.
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时政
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前天 • Jan Jekielek • 下载视频 0 评论

00:01:58

A performance artist sought to display a thin red thread in downtown Hong Kong to remember the victims of Beijing’s 1989 Tiananmen Square crackdown, 37 years on from the event. But he was quickly stopped by police, in the latest sign of the city’s shrinking freedom of expression.
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3天前 • Kanis Leung 0 评论

Wang Dan: A man of bold courage in the face of CCP-sponsored brutality at the 1989 Tiananmen Square Massacre.
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昨天 • Select Committee on China • 下载视频 0 评论

00:01:36

Wow. Zuckerberg considered SHARING PERSONAL DATA OF HONG KONGERS WITH BEIJING during the umbrella movement.
Still wondering whether or not you can trust big tech with your private data? We need to outlaw personal data transfer to China asap.
时政
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1年前 • Luke de Pulford 0 评论

After Trump cited fentanyl as the reason for the tariffs, Chinese comics justified exporting the opioid fentanyl as revenge for the Opium Wars (1840). Regardless of the foreign policy towards China, they always want the US to decline better.
时政
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1年前 • The Great Translation Movement 大翻译运动 0 评论

Recently, Indian diplomatic channels have repeatedly signaled an intention to improve relations with China, while the economic authorities have unveiled a major new policy.
The close coordination between these two arms aims to create opportunities for Indian enterprises to
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1年前 • Keji Mao (毛克疾） 0 评论

You can’t make it up. After covering up the Biden crime family’s corrupt self-dealing in Ukraine and China, the media are now attacking for investing in AMERICAN companies. This is why Americans have lost faith in the media.
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1年前 • Bernie Moreno 0 评论

Wuhan city deploys 1,000 driverless cars in one night, already picking up 5 million passengers.
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1年前 • CCL • 下载视频 0 评论

00:01:16

Oct 2: FBI charged five 🇨🇳 nationals Zhekai Xu, Renxiang Guan, Haoming Zhu, Jingzhe Tao and Yi Liang — who were previously University of Michigan undergraduate engineering students from China — with crimes including conspiracy, lying to federal investigators and destroying
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1年前 • Byron Wan 0 评论

“Washington is annoyed that an authoritarian single-party system like China can innovate and produce global industry leaders.
Beijing is annoyed that a messy democracy like the US keeps churning out world-changing technology from the internet to AI.”
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1年前 • Kyle Chan 0 评论

Olympics Gold Medal tally
🇦🇺 Australia: 3
🇨🇳 China: 2
🇺🇸 United States of America: 1
🇫🇷 France: 1
🇰🇷 South Korea: 1
🇧🇪 Belgium: 1
🇯🇵 Japan: 1
🇰🇿 Kazakhstan: 1
🇩🇪 Germany: 1
🇭🇰 Hong Kong: 1
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1年前 • The Spectator Index 0 评论

Olympics Gold Medal tally
🇦🇺 Australia: 4
🇫🇷 France: 3
🇯🇵 Japan: 3
🇰🇷 South Korea: 3
🇨🇳 China: 3
🇺🇸 US: 2
🇰🇿 Kazakhstan: 1
🇧🇪 Belgium: 1
🇩🇪 Germany: 1
🇭🇰 Hong Kong: 1
🇺🇿 Uzbekistan: 1
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1年前 • The Spectator Index 0 评论

时政

On April 23, 2005 (21 years ago today), the very first YouTube video was uploaded. Google was able to buy YouTube for just $1.65 billion in 2006. As of early 2026, YouTube's estimated brand value is over $183 billion, with annual revenue surpassing $60 billion from ads and 有趣 ( twitter.com)

有趣

President Zelensky: The United States produces about 60, maybe 65, anti-ballistic missiles per month. That is nothing. On the first day of the Iran war, the equivalent of two years of that production was used in 24 hours. We need our European independent strong system, and we 时政 ( twitter.com)

时政

I was honored to lead a prayer of rededication at today’s Rededicate250 event on the National Mall. Just as 56 brave men dedicated this land in the Lord’s name at our nation’s founding, we rededicate the United States as “One Nation Under God” as we mark 250 years 时政 ( twitter.com)

时政

Jimmy Lai was sentenced to 20 years in a Hong Kong prison for standing up for freedom. His daughter Claire is at the State of the Union Address tonight — and tomorrow, you can hear directly from her. In a conversation recorded just days before her father's sentencing, Claire 时政 ( twitter.com)

时政

I love Russia. Lived there for roughly 8 years of my life. But I do not support Putin. His policies do not advance Russian interests. Slaughtering tens of thousands of young Russians to capture some villages that few Russians even have heard of is very anti-Russian behavior to 时政 ( twitter.com)

时政

Mayor Mamdani REFUSES to honor this Officer, but we should. 🎖 NYPD Chief Aaron Edwards first joined the force after Muslims attacked his city on 9/11. 23 years later, he was able to save New Yorkers lives from another Muslim attack. When 2 Islamic terrorist began throwing 时政 ( twitter.com)

时政

Dear Elon, the only problem is that everyone lost motivation because our followers weren't seeing our posts. This way, nobody can grow their account either. So none of us want to share a post. I'm saying this as someone with 10 years of experience in social media. When our 有趣 ( twitter.com)

有趣

Jean-Claude Van Damme openly admitted that he deeply regrets leaving the loyal wife who stood by him when he had no fame or money. He chose Hollywood success and his ego over their relationship, but years later she forgave him and welcomed him back with open arms. 有趣 ( twitter.com)

有趣

A man in Peru was detained after police found an 800-year-old mummy inside his delivery bag. He claimed the mummy, which he called “Juanita,” was his spiritual girlfriend and said it had been in his bedroom for years. Scans later revealed the mummy was actually male. 有趣 ( twitter.com)

有趣

Earlier this year, I had the honor of meeting with Ziba Murat, whose mother, Dr. Gulshan Abbas, has been unjustly imprisoned by the Chinese Communist Party for nearly 8 years. As Mother's Day approaches, we think of Ziba and others who won't be able to celebrate with their 时政 ( twitter.com)

时政

Kash Patel is the right man at the right time to lead the FBI. After years of weaponization and abuses under the Obama and Biden administrations, Kash will remove politics from the FBI and refocus the agency on doing what it's supposed to do: stopping crime and protecting the btc ( twitter.com)

btc

时政

A British biologist looked at 200,000 years of human history and found that the entire reason humans broke out of poverty was not intelligence, not language, not even agriculture, but one mechanism so simple a 6-year-old could explain it. His name is Matt Ridley. He is a 时政 ( twitter.com)

时政

时政

时政

Wang Dan: A man of bold courage in the face of CCP-sponsored brutality at the 1989 Tiananmen Square Massacre. A student at Peking University, and only 20 years old, Wang helped spark what grew into one of the largest pro-democracy demonstrations in modern history. This earned 时政 ( twitter.com)

时政

Wow. Zuckerberg considered SHARING PERSONAL DATA OF HONG KONGERS WITH BEIJING during the umbrella movement. Still wondering whether or not you can trust big tech with your private data? We need to outlaw personal data transfer to China asap. 时政 ( twitter.com)

时政

After Trump cited fentanyl as the reason for the tariffs, Chinese comics justified exporting the opioid fentanyl as revenge for the Opium Wars (1840). Regardless of the foreign policy towards China, they always want the US to decline better. 时政 ( twitter.com)

时政

Recently, Indian diplomatic channels have repeatedly signaled an intention to improve relations with China, while the economic authorities have unveiled a major new policy. The close coordination between these two arms aims to create opportunities for Indian enterprises to 时政 ( twitter.com)

时政

You can’t make it up. After covering up the Biden crime family’s corrupt self-dealing in Ukraine and China, the media are now attacking for investing in AMERICAN companies. This is why Americans have lost faith in the media. btc ( twitter.com)

btc

Wuhan city deploys 1,000 driverless cars in one night, already picking up 5 million passengers. The world's largest experiment in driverless cars is underway on the busy streets of Wuhan, a city in central China with 11 million people 时政 ( twitter.com)

时政

时政

“Washington is annoyed that an authoritarian single-party system like China can innovate and produce global industry leaders. Beijing is annoyed that a messy democracy like the US keeps churning out world-changing technology from the internet to AI.” 时政 ( twitter.com)

时政

Olympics Gold Medal tally 🇦🇺 Australia: 3 🇨🇳 China: 2 🇺🇸 United States of America: 1 🇫🇷 France: 1 🇰🇷 South Korea: 1 🇧🇪 Belgium: 1 🇯🇵 Japan: 1 🇰🇿 Kazakhstan: 1 🇩🇪 Germany: 1 🇭🇰 Hong Kong: 1 时政 ( twitter.com)

时政

Olympics Gold Medal tally 🇦🇺 Australia: 4 🇫🇷 France: 3 🇯🇵 Japan: 3 🇰🇷 South Korea: 3 🇨🇳 China: 3 🇺🇸 US: 2 🇰🇿 Kazakhstan: 1 🇧🇪 Belgium: 1 🇩🇪 Germany: 1 🇭🇰 Hong Kong: 1 🇺🇿 Uzbekistan: 1 时政 ( twitter.com)

时政

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