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 1 month agoThe financial fuckery is that they’re very heavily subsidized by the CCP. It’s not sustainable.
Greyghoster@aussie.zone 1 month ago
Ulrich@feddit.org 1 month 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 1 month ago
like worker protections or unions
That’s just patently false. en.wikipedia.org/…/All-China_Federation_of_Trade_…
Ulrich@feddit.org 1 month ago
Like all things in China, this is owned by the government, making it pointless.
Saurok@lemmy.ml 1 month 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 1 month ago
Beijing has the highest hourly minimum wage (RMB 26.4/US$3.7 per hour)
Greyghoster@aussie.zone 1 month 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 1 month ago
We can’t compete with a country that pays their workers $1/hr without doing the same.
einkorn@feddit.org 1 month 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 1 month ago
It’s unsustainable to keep prices lower than costs. The Amazon example didn’t have low prices forever.
einkorn@feddit.org 1 month ago
Yes, I know. That’s why BYD is going to
then squeeze
the customers once they are locked in.Ulrich@feddit.org 1 month ago
Thus, not sustainable, as I said.
CameronDev@programming.dev 1 month ago
I think your muddying sustainable and successful. It definitely can be successful, but its not sustainable.
einkorn@feddit.org 1 month ago
feddit.org/comment/7714367
CameronDev@programming.dev 1 month 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 1 month 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 1 month ago
There is a limit to that effect, though. And most observers agree that the state is subsidizing heavily.
jaxxed@lemmy.ml 1 month 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 1 month ago
You forgot the part where they raised prices on everything.
einkorn@feddit.org 1 month ago
feddit.org/comment/7714367