Is China's 40-year experiment with the West over? | DW Business
2024 ж. 15 Мам.
252 261 Рет қаралды
Is China's experiment with working with the West finally over? In 1979, Beijing opened up to foreign trade and welcomed US and European investment. More than four decades later, is it once again turning away from the West? To discuss a rollercoaster of trade relations we're joined by Anne Stevenson-Yang, who spent a quarter of a century working in China as an industry analyst and trade advocate and has just published a book about her experiences.
#China #West #Business
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The title question should be, "Is the West's 40-year experiment with China over?"
Wow - I was just writing my comment. Shocking that DW has it so wrong. The west has had consistent policy for 40 years - with Trump starting to question. China started fully altering its internal policy with the elevation of Xi - its external face still smiled. Obama fully personified the impotence of the West - wishing only to recognize the smiling status quo.
It seems this description is more apt the past 12-24 months, well noted
Whats the difference?
The west owns NO industry, and can only create war at this moment.
West has twisted the direction that China is the starter. lolx
The whole interview boils down to one sentence, the West was under the impression that China would adopt a Western system as it develops, but China never promised and never did. So here's the follow up, is Western system the universal system for the whole world?
If you listen to the very end it boils down to "the CPC will do anything to stay in power" so if Western governments have nay brains at all they won't do anything to try to topple them because the reaction will be extreme
Jackie.... in simple terms you may have a point....... But, it's all about money and profit..... Been working in the European industries for a while now and have an impressive list of non-disclosures I can read / learn from .......... The only reason the west shucked-up all the CCP crapall those years is that some western countries / individuals made like 175 % profit on parts or partial products....
Yeah it pretty much is.
Never was, never is and never had to be. China could give a damn about adapting to the Western system.
It obviously isn't when Communist China seems to be doing just fine with a Meritocratic Bureaucracy governing a Market Socialist economic system. China is rapidly approaching full technological and economic independence from the West, and spreading their hard-earned benefits across the Global South. In a couple decades, the Global South, Russia & China could have a completely separate system from the West.
Title should have been "Is the West done with China?"
Maybe. We gave them an ultimatum to correct their Copy Right laws and IP theft and corruption issues. If China cleans up their act then I can foresee investors coming back but not until then.
Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value - or 15-26% of world GDP - by 2040. McKinsey
Which country is named west ?
Considering China leads the world in 37 of 44 critical technologies of the future Every single western country…..
More like the other way around. Investors do not consider the China of Xi trustworthy enough to make big investments.
Capitalist is good at finding ways to bite. Trust me, they are not afraid of anything in their way. CCP included.
The naive thinking that CCP will slowly change was a wrong assumption right from the beginning😅 The world is becoming more and more dangerous indeed
It still can change!
The same applies to Russia by the way
Yuppp 😂
How many countries has China invaded in the last 40 years? How many coups have they fomented? Now pose those same questions to the US and we can see which is more dangerous. I'm American, but I can be antiimperialist/colonialist at the same time, it is very clear to me that the US intentionally destabalizes the world so they can peddle weapons. Our politicians are bought and paid for by corporations, its not an accident that so many of our politicians give so much to the weapons industry then when they retire, they suddenly get a cushy job at those said corporations.
Why would they change? Why don't the "West" accept and learn to respect other countries sovereignty?
So pleased to see you again, Rob. You are always interesting.
The part on the 80s and 90s is excellent and offer a welcome longer term perspective on our relation to China. The part on the present situation is more doubtful, although the debt problem is certainly an issue.
A fascinating interview
Uncle Sam loves Germany's industries.
they financed it for decades.
@@strigoiu13i think he means Germany's industry is forced to move to US. Because the high price of the industry energy raised by the war in east Europe. Under the help of the war and Inflation Reduction Bill, US is sucking industry from Europe ,especially from Germany.
I think the US is really digging Mexico right now. It is right next door so possibly low shipping costs and times and a relatively cheap labor market. There is also the fact that if Mexico economy is boosted there will be less immigration to the US. It seems like a win win for the US. There are other countries too like Vietnam and India so we will have to see.
@@jimflagg4009They don't do the shipping from Mexico. That entire new industrial sector uses the US infrastructure to move the goods.
But, those German industries are either reliant on Chinese cheap labour or cheap Russian gas. By the looks of things, Uncle Sam has compromised Germany's industrial might.
good interview
Great coverage. Thank you, Anne for your clear-eyed assessment.
That was a direct, cold and honest end to the interview, loved it!
Good comprehensive analysis! It provides a quick reference on the subject!
she speaks slowly makes her seemingly thoughtful. Many inaccurate statement. She is not been there for too long...
Lets be Factual , west supported china due to many reasons but turning it into a democracy wasnt one . These reason were, to Break the USSR , US wanting alternative manufacturing hub to Japan as japan was going to surpass US in GDP , creating Massive market for western products , infact china also helped US to keep the Dollar remain dominant world reserve currency dissolving the worth of Euro launched in 90s , and in 2008 china helped US with its crisis too though it took big advanyage of that situation too.
The truth that the US knew but will never admit
@@supagirusupagiru9932 West biased news and government policy will never promote the truth and historical facts.
Nixon’s goal of opening China was definitely with the intent of China moving to be more democratic in exactly the same way Taiwan and South Korea did.
A capitalist will only look at who can i take advantage of. They never truly believe in partnership in the long term. It is all about the short term bet. Communist will not be a good man for too long if they are always in power. Absolute power corrupts absolutely. Unfortunately, there is not good system that is good for all the people. US way of democracy will fail one day because of all internal problems. Communist too.
Excellent interview and such interesting info that was new to me 👍
meaning that you have been successfully brainwashed.
Shhe's been away for too many years... out dated... The fact is, it is still very easy to set up business in China, and unless committed crimes or broken business contracts, no one bothers you. This lady was so afraid of being sued... why?
Paying attention to China all day and spreading rumors about it, besides gaining traffic and making some people feel more comfortable, what is the true meaning? What can this change?🙄
'Fer sure, and you can always tell by the number of 'bots, aka 'Little Pinks' it attracts!
How much monies Eu have made from China?
I like these kind of interviews it shows a perspective and story that is often clouded due to specific known topic that news hyper focus on. Whit a interview like these you have a better understanding why things are as they are and how likely they are to change or not for better or worse
The micro & macro economics of supply and demand in geopolitics. Short term gains without any forethought of keeping a stable market in the long run. China is facing a greater housing bubble when compared to the late 2000's housing bubble in the US. Don't people learn? Equity on equity can collapse at anytime with the domino's effect if you can't make re-payments on interest. The CCP is HORRIBLE at planning.
Real question is are we done with China?
You can't ask that question. You are in cancer stage 4
Is china done with us
China has been one of major players for thousands of years. The west somehow thought that they will be the only game in town.😂
"major player for thousands of years" was left behind by a country of 250 years old 😂😂
@@mistervo8185 what's up with that? Every country has its down time and good time just like the people cuz nothing lasts forever. At least Chinese are able to get their s**t together. while America is going to the path of the banana republic. 🤣🤣
@@mistervo8185and which country this might be?
Look at Egypt, Roman or Ottoman Empire. They was also a major player (but in the west) thousand ago and where are they now?
Yes, China is going to remain a player but poor and decades behind in every field of science and technology.
"china just wants to be left alone" 😂
If that is what they want then that is what they will get. Investors will pull out and China will be left on their own.
@@jimflagg4009 good m move out of Asia , Africa, latin america Don't worry . 😉
heyyyy jimmy @@jimflagg4009 It's been 5 months . Where is proof😂
@@jimflagg4009 you angered the bots 🤣
@@AndreiGrozea GOOD!
Deng Xiaoping (1978-1989) with his famous dictum “Hide your strength, bide your time” took full advantage of US predicament when Soviet Union entered Afghanistan in 1979. Deng helped US to eliminate USSR which was necessary for unchallenged rise of China apart from giving China economic benefit from the US. “The Chinese People's Liberation Army trained and supported the Afghan Mujahideen during the war. The training camps were moved from Pakistan into China itself”( From the book ”XINJIANG” BY S. FREDERICK STARR, 2004). Pleased US directed industrialists from the West who demanded partnership with private Chinese individuals rather than the State. Deng agreed but included one representative of CCP into the factory Management boards & gave state funding to Chinese entrepreneurs. Instead of creating workers union for each industry to help workers, all industries were instead brought under an apex body, the All-China Federation of trade unions headed by the CCP. The rights of workers were diluted or crushed by the Federation to help Western industrialists & CCP interests. That is how China developed an authoritarian Socialist System with Chinese (Capitalist) characteristics which brought trillions of dollars to the Communist kitty. The 9/11 attacks on the US brought renewed benefits & China was facilitated to become member of WTO overlooking its industrial & business malpractices. “Hide your strength, bide your time” became dictum of Chinese deceit & success. For 2-decades US & NATO were bled in blood & treasure in Afghanistan through proxy Pakistan. The West is now in the Chinese grip as it is struck up with its mortal economic dependence on China & is forced to convert its much hyped economic decoupling to de-risking from Communist China
That Capitalism with Chinese characteristics made Apple a 2 billion company and built Tesla?
Wake up and smell the coffee. China is imploding right now.
But the mighty West is still supporting genocide in Gaza
Correction: China developed an authoritarian Socialist System with Chinese (MARKET-ORIENTED ECONOMY) characteristics. China was, is nor ever will be a capitalist system since the capitalists were able to dictate/control the government such as in the West while any Chinese capitalists in China will never have the power or condition to control how government should run. Jack Ma and a recent few got the taste of that.
China has become absolutely dependent on western market access. They can't even feed their people anymore without trade. If anything China has fallen for a western dependency trap.
All foreign investors are pulling out of China. All foreign investors, except the German car companies! Smart investors should sell their stocks of German automakers before it is too late !
I cannot understand why the CEOs of German companies are still investing in China?
@@lambertois11Bcos China is the future. And believe me, business people are always smarter than you and I.
@@lambertois11 I can't understand why American companies still prefers to invest in China too. I don't know why Chinaphobia should care about Chinese economy.
Do you really believe everything said in the interview? I think you might need to distinguish between opinions and facts. If China was truly not good at innovation and had been abandoned by investors, then I believe the world's car companies wouldn't care about the rise of BYD.
@@igoldenage Typical reaction of someone who is always looking for a big brother who is willing to fight the battle, he can't win himself.
Very good interview. But she does not touch on how hostile China has become to most of its neighbors and the statement the CCP makes, both of which have finally made the West take notice that China has ambitions that are not in line with the West, and not as much an economic treat but a growing geopolitical and military threat. Covid and the war in the Ukraine did a lot to open the Wests eyes.
i stand to oppose the view that the china has turned hostile against its neighbours. In fact, you see the attitude of vietname is warmer to china than to US. You will also astonished to realise that those countries around China are enriched when the China rises, it benefits the surrounding countries. However, when you see in the case of the America, it is starkly different. The neighbour of USA, except canada, were poor and are still poor till todays. What does that tell you? Well, I am asian, this is clearly of what we feel around here. Frankly, we are not as concerned as the ideology. Communist, do you think they are still communist when they can own their wealth and pass it on to the next generation? What I know is money control the USA, currently, money doesnt seem to control the decision making in CCP.
What does the Ukraine war have anything to do with China? What a joke!
...says the guy who supports the country which took part in more wars than any other country on Earth since 1945 with the possible exception of France.
Most of the hostility that you are reading in the western news regarding China is a result of US interference in Asia. Imagine China sending guns, tanks, armored vehicles, missiles, jets, and military advisors to Catlan or Scottish separatists? Do you think that might be "stoking conflict". I do. I'll assume that you don't actually think that the US had anything to do with what's currently happening in Ukraine, right?
China never changed as you believe that you heard from west media, a few westers are smart enough to figure it out. I live in us for 35 years, I see most people like you.
Great interview!
Kind of interesting how in the title you flipped the actual situation around, words-wise.
China wants to left alone. I'm sorry, where do you get that idea. The BRI hardly says leave me alone nor does the South & East china seas suggest the same. She's a business person and clearly not a military analyst.
No, south china sea expansion means taking the chokepoint and having regional and semi global hegemony which usa and the western world cannot tolerate. BRI is linked to resource nationalism and protectionism and imperialism, which will end up in conflict with the west
@user-vj4ry3pk7e I'd suggest the entire world won't tolerate. Not to mention, china signed the international treaty of the seas and did so of their own choice. Now they won't honour it. Instead, china threatens other sovereign nations. How does thR say leave me alone??!! It's only the west that can stand up to china, the Philippines , Vietnam, Borneo or even Japan can't make a stand against China on their own.
Another reason for western companies to reduce their presence in China is the difficulty of ensuring that supply chains don’t include forced labor camps of the worst kind. This could lead to boycotting of western companies doing business in China
then nobody should be buying things made in the US because the US makes use of prison labour.
? come on, still someone buy that lie?
If this isn't a bot I don't know what is.
Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value - or 15-26% of world GDP - by 2040. McKinsey
GREAT interview, wonderful guest (DW always finds such interesting ppl to interview)…
She is out dated on China since she has not been there for so long. Many inaccurate statement. For example, she said the chinese companies are managed by the government. Yet, only about 40% of the GDP comes from the state owned companies. More than 35% comes from the tech companies (all privately owned). Her point of structural challenge pointed to the the government effort of being a fast follower was true for the 80s and the 90s. Now, the push is to innovate and to lead. China has taken the strategy to "survive first" to get the country back on track after so many years of turmoil. Then, work on the "development" to succeed. After 2010, the West started to turn against China, started with Obama and followed up by Trump and Biden, the moment when it started to call for "Made in China 2025" and "Healthcare 2030" to further grow the economy, and, to push the economic model from manufacturing to innovation etc. I guess China grown too much and the West, more the US than the EU, has somehow felt "uneasy" or being "competed", if not a slight "intimating"... To a Chinese person, the West has turned its back on China while they thought they were to become part of the global family. So they have a strong sense of betrayal and disappointment.
Rly fascinating segment. Tysm
Funny the expert didn't mention IP theft and called it "replication."
Meanwhile the west has no problem nor even question the term Italian Coffee or English Tea
industrial espionage and IP theft are common practices every single developed country has done it but suddenly when the chinese do then it’s the end of the world
@@nukiolbartes6279 any IP related to coffee and tea? When someone in Texas tried to patent basmati rice India said didn't recognise the patent
@@madhukarmurthi9064 guess why, cos the west dont have the bio diversity advantage. IP is not just to protect company. Its also to maintain hegemony. Same with democracy, its to maintain room of influence on foreign countries. If the west is serious about democracy, there wouldve been majority vote rules in UN and the genocide happening wouldve stopped. The west dont want IP rules, the west dont want democracy. They wanna keep their power becos they re in minority and technological advance is what has enabled them to colonise and set the rule.
@@madhukarmurthi9064 they will make this about whether or not other competitors following rule or not. But they dont want u to focus on who made those rules and who benefits from the rule…
Europe has also suffered. The excess return on FDI - the rate of return on FDI minus the risk-free rate - has fallen significantly since the US Federal Reserve’s sharp policy tightening raised the risk-free rate to an average 5.25% in the first three quarters of 2023 from just over 2.0% in 2022 and 0% in 2021. This increase has reduced businesses’ risk appetite and their motivation to invest abroad. Arguably, such risk aversion has led to FDI outflows not only from China but more widely. Europe has also suffered. Given, however, the view that the US rate-raising cycle has peaked, and interest rates will eventually drop, the incentive for FDI should increase again and investment could flow back to China.
No more money fudging !!! thanks
This is probably the simplest and most likely explanation. And yes, Europe has suffered, too. Newspapers targeted to professional investors openly acknowledge that this is one of the reasons and that the other "geopolitical" one is that the US can't let the dollar lose its grip on being the reserve currency and every threat in that sense must be choked in the crib.
Colonists crying that china is winning
Anne nailed it. Very lucid and well considered analysis
Insightful interview
Truly excellent interview.
China has collapsed for past 40 years, the same story, the same flavour 😂😂😂
I can only say the following: a Chinese student I used to teach told me that he works for a public fund and his last message to me said "I don't even know if there is a future, seems like our economy is collapsing". Honestly, that's what he said to me
@@OnlineEnglish-wl5rppropaganda bot is that you? 😂😂😂
@@OnlineEnglish-wl5rp it's normal, just like the Zombies walking on the street in western countries. There is someone who doesn't believe his future.
@@OnlineEnglish-wl5rp As long as the majorities believer their future, it's good. As long as Germany car industry believes China, we are in good shape.
@@stephenmagic9868 The problem is the scale of the non-financial debt bubble. Many Chinese people put all their savings into property which is now declining in value. I will be brutally honest with you: I did not have a good experience working and living in China. Every single agreement or contract I ever signed was broken by the Chinese side, I was messed around about money and many other things. So I do not have a particularly good opinion of people there BUT I take precisely zero pleasure from hearing about these financial problems because I know very well how fragile the geopolitical situation is and how much animosity against the West that Xi has stoked. I pray to God this does not all spin out of control
Great interview. She is super smart and insightful! Thank you!
quite a lot out dated info. not accurate with many of her statement.
She smart? 🤣
@angelalim0502 yes, she is smart. A system that doesn't protect freedom to decent will crush people who want to innovate. Jack Ma is a good example. The Chinese people are super smart but are being held back by a system that doesn't allow them to innovate and adapt.
@@NorCalMoDo specifically what?
@@stuartdevaan Chinese system is smart enough to know that Jack Ma is not the only one with brain to innovate but there are many other smart ones who have similar calibre but may lack the resources to do so. Jack Ma is a product too from China’s innovative drive but he shd not be the only one to monopolize the industry. In freedom of speech, what does it achieve when is just all talk but no action. Everyday people can have freedom to complain(riot) but does it produce any result but just chaos and fears for the common folks.
The lessson to be learned is to diversify reliance across multiple countries, particularly when dealing with contrasting ideologies like China and Vietnam. It's advisable to lean towards neighboring democratic nations such as Mexico or other Latin American countries for dependence.
Do you know what America did to these countries in the 1900 s. These countries get to experience firsthand American ideologies. They are not fair elections and democracy.
Why not India? India is not enemy of west. Sometimes india favours russia for economic purpose. But that's all it. India prefers west most of the times.
@@koushikdas1992geopolitical reason
Indeed, China has overly trusted the US and EU. a generation of young people Believed in the ideas that the US and EU are the leaders of true free trade and open market economies... ended up with a wham slap in the face, first Huawei, now EV. Restriction on chips and chip making machines in the middle. After all, the lessons learned, the world is divided by cultures and peoples. humanity takes the back seat.
@@joexavier4070basically you Want someone who USA can pressurise with its military and diplomacy.
I find this interview to be very eye-opening. I value this insight provided. Thank you for the great journalism and excellent interviewee on the topic.
It would be so much better if she is a bit more up to date.
Informative
If China is so worse, why do DW remind us again and again? DW never minds India.
decouple decouple drcouple
hahaha DW never told the truth. india NO 1!!!!
Maybe China shouldnt think of invading a democratic country so much...🤨
Myanmar and Bangladesh almost disappeared from media
@@Cryosxify your ex wife did😂
CCP needed the west to get to where it is. It needs it still
Nope. They don't need anything anymore. They are teaching nowadays.
@@chrisrishermn Teaching us not only how to have a downturn with real estate, but also the property market as well.
Western Capitalism invented downturns! Every 10 years or so! China hasn't had a recession in ~60 years! Everyone knows you are jealous.
@@chrisrishermn i think you meant "stealing"
No country named west
Insightful
The Panda and the Wolf is a very good metaphor for images of China in Western eyes. And a possible book title. Please reference Stevenson-Yang. Very informative interview by the way.
No country is an island. Everyone needs each other, only a problem is when a powerful nation tries to bully. That's why it's good that we have a multipolar world. Where a balance is kept
As an ordinary person, I only buy my affordable electrical appliances and cars. I can take care of the economic security of my family. Politicians first find alternatives that I can afford before coming here to cheat!
Oh? The country of Iceland is an island. Same with Australia, though it's a REALLY big island.
@@ZweiZwolf I suppose 'no country is an island' was a metaphor...
No real mention of human rights?
You mean in Gaza?
Israel anyone
Must be the Richard walker dude that came up with the title 😂😂😂
Playing with CCP is dangerous.
Then don't play . Work
There are a couple of 800 lb gorilla's in that room; the Nine Dash Line claims, the aggressive behavior towards their maritime neighbors, as well the constant harping on Taiwan as a minor prefecture of China, their vassal. Just to illustrate the pattern. I'll add in a heavily, nationally subsidized fishing fleet reportedly north of 3000 vessels- who will go anywhere and fish within other nations 200 mile EEZ and require bully tactics to be removed. This Wolf Warrior talk; this is insult to your neighbors and trading partners- possibly followed up with direct assault, as they have threatened. China needed to build an 800-1000 ship Navy, at least 400 of it blue water, long range to replace, to exceed the US position on freedom of navigation; do you think if the Chinese were to do this that they would open the world for all to trade? Or would they use that control to take their cut of the willing and lock out the rest- piracy on a grand scale. I don't find it hard to see Xi, a man who sees himself as inheritor of those ancient dynasties, would run it "his way".
They would use that power to force you to buy Chinese products oh wait you already do...
cooperation with "chinese characteristics" = pooh's way or the highway.
China has experienced a dozen spectacular rises and falls over the past 4000 years. Currently, China is in the middle of one of these events. These are part of the cultural history of China. As outsiders we will never quite understand the dynamics of these events.
Aren't we living in interesting times? 😀
What does the past have any relevance today?
@@Bk6346 Present is built on the past
Countries now are smart enough to know about China 🇨🇳. It can't fool others anymore.
China have only themselves to blame for funding and arming russia.
That's why countries abandon the West and join China.
@@KingOfNaraka no one cares
So you really expect 1.4 billion to be subservient to you?
Countries, that is an undefined concept. People are not nationalities. They , us are cultural beings but not a national designation. We are workers or wealthy class in power but not a country name. Borders and nationality are for the divided. Are you a no borders wealthy man closing ranks with the world market masters or the divided worker of a section of the cake. ?
"Integrate with the world system" is a code for Prioritise big corporates/Capitalists' profits over purpose oriented economies
Why must China become like the West? I really don't understand western effrontery.
in time the west will reveal its true face
I mean, if it has aspirations of becoming an actual economic competitor, then it would be in its best interest to reform and privatize industry. China is an economic player, not a powerhouse. Its manpower and top-down approach lend themselves to producing things at scale, not fostering entrepreneurialism and innovation. If China had gradually embarked on political and social reforms alongside its meteoric economic rise, its strategy probably wouldn’t be focused on exporting overcapacity of its artificially cheap goods.
Thank you for telling the truth. But why didn't you make this video 5 or 10 years ago? Because you were eating the nice piece of cake from them at the time? Are you the true?
I would rather have my sweat-shop in India than China, just saying.
Good. The Chinese would not want that low paying jobs anyway
Me, too! I hope you invest BIG time into India. Good luck making money or taking profit, though.
Dude india u will get cheap labour,but not much skilled workers like Chinese
I am an Indian I can say our educational system is broken and u will never get cheap raw materials as like in china
欢迎去印度😂😂
Informative discussion.What's opinion about future in India, future of India?
CCP bots incoming.
🤣🤣🤣No doubt
what kind of bots you are
Whats CCP?
@@vishalgautamm Official Chinese Government(A Dictatorship)
@@vishalgautamm Chinese Communist Party
After this interview, I do not recommend this person to go to China, even as a tourist.
But my airline tickets are non-refundable so......adios sucka
She should take a trip to China.
The simple fact is that China was attractive in the past as a cheap manufacturing center, thus attracting large FDI but has evolved into the most important market. Today, no company could prosper without entering the Chinese market. EU and America have learned this the hard way and are now trying to make remedies. No one is talking about de-linking anymore.
This is beyond hilarious when China owns manufacturing outright.
Yes, but your factory is useless if you can't sell your products. China economy is based heavily on export. It needs the foreign dollars to buy oil and gas and other resources it doesn't have. China's 1 billion population is also aging fast... that's a lot of people to care and feed for.
How so? I mean, all the numbers are available for comparison. China produces roughly 24% of global manufactured goods. The US produces about 17%. Everyone else covers the other 59%. But as the video noted, China does not invent anything. All they do is churn out things other people design. So when those designers need a new factory, they go wherever they get the best deal... and that place is not China any longer. They are not the low cost labor provider, they don't have better skills than other nations for the low end things they make and they are not the source for most of the raw materials needed for most of the things they make. This all adds up to "new factories will be built elsewhere". Which really means that China's share of global manufacturing has nowhere to go but down. They have already reached their peak and offer nothing unique... so they have no way to ensure they maintain their current status.
Look again. The PRC has collapsed.
@@markpukey8 Name something the world uses in any capacity that comes from the the U.S?
Right, the Smiling Curve model deems Manufacturing as the most price-sensitive and most substitutable middle stage of the production process compared to R&D (i.e. valuable IP) in the beginning and Sales & Services at the end. This is why whole societies get stuck in the "middle income trap" when they fail to educate and innovate themselves into unique value propositions, and explains why China is so desperate for "high quality" growth.
Her opinions are outdated and seems she hasn't been back to China since the 90s. There are sectors where China outpaces the West, i.e. alternative energies, EVs, robots holography to name a few.
The tittle of this video should be: "The west is done with China, totalitarianism never change."
Put some glasses on Rob and he would look identical to peppermint Larry.
Our first year Chinese language classes at university were full with 60 students between two classes, now we are down to 19 students in the first lecture with the likely hood of withdraws. On campus students would join the Chinese students association to further cultural exchange, in orientation week local students just walked by the stand and showed little interest...很有意思。
Very interesting indeed!
YES
Not over, but undergoing a Paradigm Shift until a New Normal is established
The lesson is not trusting ANY autocratic/dictatorship type of leaders as staying in power has been and will always be their #1 priority.
Why does that bother you? You have your politics they have theirs, anmerica for one is a dictatorship shared btwn two parties. Ccp one party. You are not a democracy if your only choice is trump or Biden
Trump 😂😂
USA teying desperately to shove its hegemony
Indeed, China has overly trusted the US and EU. a generation of young people Believed in the ideas that the US and EU are the leaders of true free trade and open market economies... ended up with a wham slap in the face... sanctions after sanctions... ALL Initiated from the US and EU.
They're trying to protect their countries unlike the democracies.
This consersation is too early at the moment.
Some of her critical views on China are mind-opening and I believe useful for China to think about, but some eg China wants to restrict foreigners in and out of the country, are unfounded.
It was a mistake from the start for the United States to invest too much in developing China which is a co-equal competitor, while neglecting Mexico or the Philippines (my homeland), so this is the reason why the US is begging the Philippines to amend the latter's constitution to allow 100% foreign equity ownership in restricted industries like agriculture, natural resource extraction, manufacturing, and real estate.
China was smart from the beginning. They had agreement for tech transfer.
@@DK-ev9dg Did they have an agreement for all the tech espionage they engaged in in Japan which produced their rail system?
Hope to god the Philippines never allow 100% agricultural ownership. Don't let anyone have control over your food
Facts 😂
@@OnlineEnglish-wl5rp Right cause corporate espionage doesn't exist, and China is the only country in the world with spies... Oh to live in your lala land, must be nice.
There is still much to learn from America. We have to be more humble.
This guy has a great channel on the linguistics of the English language
It’s not safe for foreigners who have an espionage tendency
Excellent interview. Summarizes everything i believed china is today
Regarding Tiananmen Square, “the leadership repressed the protests.” Such a quaint description where so much blood was spilled.
The people in the square were The Last red guard of China
Its like Peter Ziehan knows what he is talking about 10 years ago
The title is misleading.
Refreshing to hear someone with a lot of personal experience about the topic
China's objective was to grow its economy in order to have the wealth to modernize and expand its military. Objective achieved (in fact exceeded) I conclude. Now the CCP can command respect and instill fear.
While multiculturalism/immigration poses its problems, it's why the West will still be firmly on top. Population decline will decimate East Asia in the mid-21st century - and I state that as a matter of fact, not with schadenfreude.
Rahulji can only help them with foreign investment with Global reach out through Ivy League colleges
Some interesting related reading to be found in The Dean of Shandong: Confessions of a Minor Bureaucrat at a Chinese University (Daniel A. Bell, 2023. Princeton University Press).
We gave them so much tech. Our companies had gone bankrupt and they bought them up. They bought up our land. We gave them everything
Nothing for free
But you guys also got everything by exploiting everyone around the world who are not white with your cannons
They stole even more tech and intellectual property and are still doing it.
Nothing here for free.
you so generous...
At around 10:00 the lady says that China is hostlie to foreigners. Is this true ? How can this be and why ? This is not good...
The day to day hostility here has definitely come down since late COVID but there’s messaging warning about foreign spies all the time. I’d say I don’t see it daily but certainly weekly. This sometimes employs pretty crude racial caricatures. That’s just the official messaging, the general public has drawn back a bit but also puts out plenty. The last 3-4 months messaging has shifted and is now more mixed or confused. Day to day interactions it almost never impacts your life beyond mild annoyance, but it’s definitely very present.
So you can find American and Euro politicians on the news raising scare after scare about the Chinese in their midst with zero evidence offered.....is she saying China does something like that?
Interesting
Imagine having nostalgia for a time when the country was poorer
China is grossly missing People in following the National ambitions.
they dont manipulate childrens to change sex or enable drugs on their societies, they dont have gun problems, their streets are safe and border secured. I dont think these are the people being missed.
Those dislikes are coming from Russia hahaha,GO DW?!!
True. After getting Hong Kong and open market has changed China in 40 years.
HK market is open but closed for violent mobs.
West is now trusting India, later to get kicked.
India is much better, cheap labour and English speaking. They are mostly vegetarian so won't impact my meat supply and cost.
Yes don’t mind them, once India start playing smart them they will start hating on India and talking bad about them just like they are talking bad about China now
Wait a second that's my favourite English teacher on KZhead!?
She has not been in China for such a long period of time and she's talking about China with inaccuracies all over. They include being highly dangerous for foreigners to be in China who could face lawsuits and attacks and end up being detained and barred from leaving China for years at a time, replicating international technologies rather than creating new technologies, and incapable of innovatimg "never get on top of the innovation curve." One thing is sure, she isn't talking about China of today and should update herself about China.
Consulting firms who advise about foreign business operations in China are advising their clients about exactly these risks. Stronger today than ever. So I'm not sure what you're talking about.
just because thst is what's being said doesn't make it true lol if everyone start saying a dog is a cat, does it turn into a cat? it might be recognised as a cat but its still a dog
Very well said. My wife is a westerner and went to China recently, and she was so puzzled and shocked by her statement.
Repression has only got worse since she left China.
Exactly. My wife and I were in China for six weeks in December/January, and it is a safe place to visit now. In fact, China wants more visitors and has lifted visa requirements for several western countries (not the U.S. yet, I wonder why!), and anyone can visit without visa for 144 hours. The people are welcoming and warm. Anne has a Cold War mentality.
For Chinese electric cars, the Chinese government can see who's in the car and where you are going. In addition, they can remotely control your car brake system.
it's an issue but why is nobody worried when tesla/google/apple have a much bigger grip on us than Chinese tech ? Both needs to be rooted out of EU
Tesla? No?))
Bot you are here again
True it’s full spyware on wheels.
@@DK-ev9dgyoure a bot
that jacket though . i
I'd see it as the last 40 years where the east and west has experimented with doing business with each other has led to problems that both sides need to resolve before they can move forward. Rather than cutting one another off, or throwing ever more fiery rhetoric at one another, the coming years should be spent smoothing out the rough patches and working out new methods to meet each other in the middle.
IMPO, the problem is not about ideology, but commercial interests. Forty years ago, China was at the lower side of the supply chain and mainly engage in the parts with lower added value. Now, they have begun to become competitors of major western corporations. If you are an entrepreneur, I am sure your attitude towards competitors is definitely different from your suppliers.
When DW showed the map of China, it actually included Taiwan, except for the markings that were slightly different from those of “foreign”. It was very detailed!
Omg that was the most forced awkward interview. Host did well to keep it going
She was in China for too long. Not used to free speech any more.
Is DW blind to the fact that BASF is investing billions in China as we speak? So is all the major German auto companies.
DW must say whatever the US is dictating them to say. 😂
They are investing there because the CCP has polluted China soo much that they can't do with out them..... A lot of industries only stay in China because they can further pollute the land , the officials don't care they are corrupt.
German companies are pretty cofused what to do, and BASF investment is not really that new, they had committed to that investment years ago.
@@JigilJigil Nope. They are very clear and get favorable treatment from the Chinese government. BMW and Airbus have major investments in China and they are not leaving. Same with US companies.
@@2KSnSLifestyle US is using 1.5 Billion$ just to tarnish the CHINESE image across WORLD MEDIA, if that's not a desperate move, then I don't know what it is.
First she says how dangerous it is in china for foreign business and people and then she makes fun about people being afraid?
Is this the guy with channel about languages?