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China’s share of global electric car market rises to 76%
(www.theguardian.com)
This is a most excellent place for technology news and articles.
You have selectively chosen parts of my post and declared victory.
It's true, United States has a 100% tariff on electric cars. This is a relatively recent development.
China has capital controls (which btw, Western countries could do with), a controlled exchange rate, requirements for technology transfer, etc. for decades. This is a barrier to entry for foreign competition.
I don't have a particular issue with this given many other countries have done exactly the same thing to industrialise quickly.
You deliberately excluded all my points about indirect transfers like a controlled exchange rate, weak labour laws, preferential lending to industrial enterprises, etc.
You only have to look at the household share of national income for China compared to other countries to see how low it is and the impact of these policies (which sits at 50.7%)
This entire article appears to be focusing on the impacts of COVID-19 and the impacts of the war in Ukraine.
In reality, Germany wages decoupled (like the United States) from GDP growth years ago.
German wage share of GDP plummeted from ~60% in 2001 to 50-52% in 2018.
This has no relevance to what I'm saying. Countries that run persistent trade surpluses do it by decreasing their household share of national income by direct and indirect transfers to their manufacturing industries. As a result, the household sector cannot consume what is being produced and the surplus must be exported.
While production in China has grown rapidly, it didn't just start producing an extra 15 - 20 million cars for export. It's own domestic demand couldn't absorb that level of production.
You are not debating on what is even being argued.