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 87

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

There are few people that have played a more important role in broadly supporting the rights of religious believers in China than director-in-charge of the on religious freedom in China.
In the first few months of their magazine, about 40 people
时政
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1年前 • Jan Jekielek • 下载视频 0 评论

00:00:57

Putin’s Billionaire Ally Just HUMILIATED China… PUBLICLY.
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2个月前 • Ken Cao-The China Crash Chronicle • 下载视频 0 评论

00:18:40

China-Russia coordination confirmed. China’s Foreign Minister Wang Yi called the US-Israeli attack “unacceptable” and condemned the “blatant killing of a sovereign leader and the incitement of regime change,” in a call with Russian FM Sergey Lavrov. Wang said China is highly
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2个月前 • Velina Tchakarova 0 评论

Chinese party-state media, including Xinhua, China Daily, CGTN, Global Times, People’s Daily, and China,org have amplified protests organized by groups linked to Neville Roy Singham, a Shanghai-based millionaire widely reported in the US press for pro-CCP astroturfing and
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2个月前 • Tuvia Gering 陶文亚 0 评论

⚠️ Just what the world “needed”: China hinting at war over Taiwan
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China is also planning to
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2个月前 • NEXTA 0 评论

Ultimate Li Yi irony bomb: After table-smashing fury at Xi’s ‘weakness’ on Taiwan, he flips to hailing Taiwan’s leaders as unbeatable ‘干将’ who outmaneuvered China abroad. Now Iran parallel: ‘US pulls off decapitation? Then China has literally no chance.’ Hardcore unification
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2个月前 • The Great Translation Movement 大翻译运动 • 下载视频 0 评论

00:01:43

Hearing Notice | On Thursday, will have a hearing entitled, "China's Campaign to Steal America's AI Edge."
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1个月前 • Select Committee on China 0 评论

There are 56 ethnicities in China—and 55 are getting squashed. A new law passed by the Chinese legislature is a grim milestone in the Communist Party’s harder-line approach to ethnic politics. Read how minority groups in China are increasingly being squeezed:
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18天前 • The Economist • 下载视频 0 评论

00:02:32

Russia sources 90% of its sanctioned technology from China – Bloomberg.
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19天前 • Jürgen Nauditt 🇩🇪🇺🇦 0 评论

British 74-Year-Old Grandma Goes Viral for “Wholesome” Solo Trip Across China
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18天前 • The Great Translation Movement 大翻译运动 0 评论

Schools have spent nearly $200B of COVID-Relief funds with little oversight or impact on students. $393K to rent out a Major League Baseball stadium, $86K in Caesars Palace hotel rooms, $60k in swimming pool passes, and even an ice cream truck. All of this money was drawn with
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1年前 • Department of Government Efficiency 0 评论

🚨In the wake of the DOGE subcommittee hearing yesterday, Trump calls for the defunding of NPR and PBS, "IMMEDIATELY."
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Not a penny more of our tax dollars should be spent supporting them.
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1年前 • Western Lensman • 下载视频 0 评论

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"Fertility rates have been declining for a long time.
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1年前 • Mario Nawfal • 下载视频 0 评论

00:01:23

The Dem-Media is pathetic. They've spent the last decade smearing me and my family with bullshit lies at every turn, while doing everything in their power to defend and spin for Dems like Hunter Biden. And then these same "reporters" wonder why they're so hated by normal people!
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1年前 • Donald Trump Jr. 0 评论

JULIAN ASSANGE IS FREE
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时政
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1年前 • WikiLeaks 0 评论

VIVO Group sold 51% equity of its Indian subsidiary to the local Tata Group in India. Vivo's revenue in India last year was 298.7 billion rupees, while Tata only spent 10.88 billion rupees to acquire 51% of its shares.
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1年前 • DaiWW 0 评论

the IRS spent $88 billion dollars to collect $1 billion more last year and the media was slobbering all over the story
this is how the media covers when DOGE saves $420 million and on track to save 67x more than the additional money they were slobbering about
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1年前 • Shibetoshi Nakamoto 0 评论

Flat-Earther spent $20,000 dollars to prove the Earth is flat and find out it's round.
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2年前 • Curiosity 0 评论

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2年前 • Will Spencer | Renaissance of Men 0 评论

9 year old Emily Hand’s father describes the traumas inflicted on his daughter after she spent 6 weeks in Hamas captivity:
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2年前 • Oli London 0 评论

Me and my boss Mr Anthony Morris KC outside the Queensland Supreme Court today 😎
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2年前 • Drew Pavlou 🇦🇺🇺🇦🇹🇼🇨🇾 0 评论

Heartbreaking news. We’ve learned that Lior Rudaeff, who was believed to be held hostage, was murdered on October 7 and his body is being held by terrorists in Gaza.
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After a 6 week review we are officially cancelling 83% of the programs at USAID.
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In
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1年前 • Marco Rubio 0 评论

So let me get this straight…
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1个月前 • Brian Krassenstein 0 评论

时政

There are few people that have played a more important role in broadly supporting the rights of religious believers in China than director-in-charge of the on religious freedom in China. In the first few months of their magazine, about 40 people 时政 ( twitter.com)

时政

Putin’s Billionaire Ally Just HUMILIATED China… PUBLICLY. Russia’s most powerful billionaire publicly called out Xi Jinping and it’s brutal. In this video, I break down why Oleg Deripaska, one of Putin’s closest allies, is furious with China for failing to build the 时政 ( twitter.com)

时政

时政

Chinese party-state media, including Xinhua, China Daily, CGTN, Global Times, People’s Daily, and China,org have amplified protests organized by groups linked to Neville Roy Singham, a Shanghai-based millionaire widely reported in the US press for pro-CCP astroturfing and 时政 ( twitter.com)

时政

时政

时政

Hearing Notice | On Thursday, will have a hearing entitled, "China's Campaign to Steal America's AI Edge." The discussion will focus on what China can buy vs. what China attempts to steal when legal acquisition falls short. Topics will include SME and AI chips, 时政 ( twitter.com)

时政

There are 56 ethnicities in China—and 55 are getting squashed. A new law passed by the Chinese legislature is a grim milestone in the Communist Party’s harder-line approach to ethnic politics. Read how minority groups in China are increasingly being squeezed: 时政 ( twitter.com)

时政

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时政

Schools have spent nearly $200B of COVID-Relief funds with little oversight or impact on students. $393K to rent out a Major League Baseball stadium, $86K in Caesars Palace hotel rooms, $60k in swimming pool passes, and even an ice cream truck. All of this money was drawn with btc ( twitter.com)

btc

🚨In the wake of the DOGE subcommittee hearing yesterday, Trump calls for the defunding of NPR and PBS, "IMMEDIATELY." NPR Chief Katherine Maher is a woke radical and both orgs are leftwing propaganda mills. Not a penny more of our tax dollars should be spent supporting them. btc ( twitter.com)

btc

btc

The Dem-Media is pathetic. They've spent the last decade smearing me and my family with bullshit lies at every turn, while doing everything in their power to defend and spin for Dems like Hunter Biden. And then these same "reporters" wonder why they're so hated by normal people! btc ( twitter.com)

btc

JULIAN ASSANGE IS FREE Julian Assange is free. He left Belmarsh maximum security prison on the morning of 24 June, after having spent 1901 days there. He was granted bail by the High Court in London and was released at Stansted airport during the afternoon, where he boarded a 时政 ( twitter.com)

时政

VIVO Group sold 51% equity of its Indian subsidiary to the local Tata Group in India. Vivo's revenue in India last year was 298.7 billion rupees, while Tata only spent 10.88 billion rupees to acquire 51% of its shares. This is a very clear lesson for Chinese companies. India 时政 ( twitter.com)

时政

the IRS spent $88 billion dollars to collect $1 billion more last year and the media was slobbering all over the story this is how the media covers when DOGE saves $420 million and on track to save 67x more than the additional money they were slobbering about btc ( twitter.com)

btc

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btc

After a 6 week review we are officially cancelling 83% of the programs at USAID. The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States. In 时政 ( twitter.com)

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