While they are subsidised, the Chinese are really good at low cost manufacturing. It’s not the cheap labour anymore but factory automation and robotics. They really outclass anyone else.
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Ulrich@feddit.org 3 weeks agoThe financial fuckery is that they’re very heavily subsidized by the CCP. It’s not sustainable.
Greyghoster@aussie.zone 3 weeks ago
Ulrich@feddit.org 3 weeks ago
the Chinese are really good at low cost manufacturing
They’re not “good” at it, they just have no minimum wage and no semblance of annoying things like worker protections to be concerned with.
wildbus8979@sh.itjust.works 3 weeks ago
like worker protections or unions
That’s just patently false. en.wikipedia.org/…/All-China_Federation_of_Trade_…
Ulrich@feddit.org 3 weeks ago
Like all things in China, this is owned by the government, making it pointless.
Saurok@lemmy.ml 3 weeks ago
China doesn’t have a national minimum wage, but minimum wage is delegated to the local level there and definitely exists in every single province. Just echoing what the other user said, literally everything you said here is easily disprovable. www.china-briefing.com/news/minimum-wages-China/
Ulrich@feddit.org 3 weeks ago
Beijing has the highest hourly minimum wage (RMB 26.4/US$3.7 per hour)
Greyghoster@aussie.zone 3 weeks ago
They actually have a problem with workers or the lack of them and they have invested heavily in robotics. They aren’t the China of the 70s and 90s. It’s really something that we need to face up to if we want to compete but our political class isn’t really ready for that sort of reality. Years behind because of smugness.
Ulrich@feddit.org 3 weeks ago
We can’t compete with a country that pays their workers $1/hr without doing the same.
einkorn@feddit.org 3 weeks ago
I’d argue it is.
Just look how Amazon got where it is now: Sell way under market price, till local competition closed shop, then squeeze.
frezik@lemmy.blahaj.zone 3 weeks ago
It’s unsustainable to keep prices lower than costs. The Amazon example didn’t have low prices forever.
einkorn@feddit.org 3 weeks ago
Yes, I know. That’s why BYD is going to
then squeeze
the customers once they are locked in.Ulrich@feddit.org 3 weeks ago
Thus, not sustainable, as I said.
CameronDev@programming.dev 3 weeks ago
I think your muddying sustainable and successful. It definitely can be successful, but its not sustainable.
einkorn@feddit.org 3 weeks ago
feddit.org/comment/7714367
CameronDev@programming.dev 3 weeks ago
Sustainable implies that they can keep doing it forever without changing. Switching later means what they are doing is not sustainable. It might be successful, but its not sustainable.
Gigasser@lemmy.world 3 weeks ago
It might just be that, since BYD is serving such a large domestic market/population, that allows them to have cheaper cars? Something something, economies of scale. I’m no expert though.
einkorn@feddit.org 3 weeks ago
There is a limit to that effect, though. And most observers agree that the state is subsidizing heavily.
jaxxed@lemmy.ml 3 weeks ago
BYD is already facing scrutiny for running Evergrande like accounting, and a lot of political pressures from other Chinese manufacturers. The risk is that they collapse like Evergrande, and that they drag public debt into it. The CCP might prop them up, so it light be safe. A car is different from a book, because you need lifetime service for it. If they go under, you might lose access to parts.
Ulrich@feddit.org 3 weeks ago
You forgot the part where they raised prices on everything.
einkorn@feddit.org 3 weeks ago
feddit.org/comment/7714367