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0x815

@ 0x815 @feddit.de

Posts
857
Comments
145
Joined
3 yr. ago

  • Sunak to cite Britain’s ‘sicknote culture’ in bid to overhaul fit note system

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  • Sunak’s disability benefit plans are familiar culture war fodder

    Rishi Sunak’s big speech on reforming disability benefits was intended to show that the government had a grip on the economic and health challenges of the UK’s rising levels of long-term sickness. Instead, it came over as an administration running out of ideas, high on strident rhetoric, and desperate to cut welfare bills at all costs.

  • Dubai submerged in floods as UAE gets over a year’s worth of rain in hours

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  • China abducted its own citizens on EU territory, report finds

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  • Fake stamps circulating in the UK are originating from China, lawmaker says

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  • China funneling billions into BYD to crush European and U.S. competitors, study says

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  • What about?

    Can you name Chinese EV companies that are 'alive and doing well' as you claimed?

    Do yourself a favour and stay away from wherever you get your 'opinion', and get a life.

  • China funneling billions into BYD to crush European and U.S. competitors, study says

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  • @blazera@lemmy.world

    The companies responsible for China's massive EV growth are alive and well.

    Which ones?

    BYD is the one which is 'alive' as they live heavily on state subsidies (their subsidies have at least ten-fold since 2020).

    HiPhi, once a promising start-up, Baidu-backed WM Motor, Tencent's Aiways - all ran out of liquidity to sustain operations. Other brands such as Levdeo and Singulato entered bankruptcy proceedings.

    Which ones are doing well? There are none, even the Chinese government appears to have given up on these companies as they appear to focus solely on BYD given a strong deflationary domestic market.

  • China funneling billions into BYD to crush European and U.S. competitors, study says

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  • @blazera@lemmy.world

    Chinas EV market is by far the largest and fastest growing in the world

    Did you read the articles?

    Chinese EV car manufacturers are making losses, some already filed for bankrupcty, practically all survive on state subsidies. Chinese customers are left behind with no after-sales services and software updates.

  • China funneling billions into BYD to crush European and U.S. competitors, study says

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  • @blazera@lemmy.world

    China is investing government money into electric car companies so that they can produce more if them cheaper ...

    Your positive framing of China's economic policy is completley out of touch. It really helps to read more than a few lines of a post. The negative consequences of Chinese subsidies are obvious in tbe country's domestic market, and there's no reason to copy that for the world.

    China’s EV price war is killing brands and infuriating consumers

    China’s EV market has slowed down as consumers cut spending in a post-pandemic economy.

    Brands are fighting a fierce price war in a crowded industry, leading to fast depreciation of electric cars.

    Some startups are on the brink of collapse, leaving software maintenance in limbo.

    And this is just one example. Read the study, find more research, tere is a lot.of it.

  • China funneling billions into BYD to crush European and U.S. competitors, study says

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  • There are some comments like this, suggesting that the commentators didn't even click the link.

  • China funneling billions into BYD to crush European and U.S. competitors, study says

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  • hydroptic@sopuli.xyz

    US companies probably use those subsidies to raise executive pay & bonuses

    In that regard the U.S. system is very much the same as China's, but that aside there are major important differences.

    [Edit typo.]

  • From solar to EVs: With China's overproduction and state subsidies, the US and EU are working to ensure that their clean-energy sectors aren't wiped out by unfair competition

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  • What do you think is China choosing, A or B?

    I call you out for the accusation of being silly, that's not a level worth continuing any discussion.

  • From solar to EVs: With China's overproduction and state subsidies, the US and EU are working to ensure that their clean-energy sectors aren't wiped out by unfair competition

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  • The supply chain laws in the West are widely useless if China makes it impossible to independently investigate the Chinese parts of these very supply chains. Given this lack of transparency, is a trusted cooperation possible? (The answer is: no, it isn't.)

    You are just repeating your statements and ignoring mine it seems.

  • From solar to EVs: With China's overproduction and state subsidies, the US and EU are working to ensure that their clean-energy sectors aren't wiped out by unfair competition

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  • @honey_im_meat_grinding@ lemmy.blahaij.zone

    "Artificially cheap" is basically a loaded term for "subsidized".

    No. Especially in this case, it is also a term for cheap manufacturing processes by ignoring environmental and social norms, including the use of forced labour. There's ample evidence for this. For example, it is the reason why European car makers were forced to quit their collaboration with a joint venture in Xinjiang.

    we are doing a little bit of transparency.

    That's a good idea, but it only works if and when both sides apply it and acting in good faith. However, there is, for example, no way of an independent investigation over so many alleged human rights abuses in China, even a simple market research (or shooting a photo in the public space) may lead to behind closed-door trials for espionage, ending with long jail terms. Let alone that China intentionally produces overcapacity, while at the same time protects its own domestic market. Things like these have nothing to do with transparency and collaboration.

    These are just a few examples you may have (intentionally?) missed in your statement as it doesn't describe the economic reality well. Your anti-western sentiment is somewhat weird if I may say so.

  • From solar to EVs: With China's overproduction and state subsidies, the US and EU are working to ensure that their clean-energy sectors aren't wiped out by unfair competition

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  • Europe can do that to a very large extent domestically. We had a similar situation before 2008, when Spain and Germany offered huge subsidies to private households to boost the installations of solar roof tops, for example. Practically all of that money went into the coffers of Chinese solar tech suppliers. Europe must not make this mistake again, not in the least as many of Chinese products are produced under much lower environmental and social standards imho.

  • From solar to EVs: With China's overproduction and state subsidies, the US and EU are working to ensure that their clean-energy sectors aren't wiped out by unfair competition

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  • Germany Is Seizing Jews’ Money Again

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  • @brainrein

    The headline is outright garbage given the article's content.

    Germany A German bank Is Seizing freezing Jews Jewish organization's Money bank account over alleged pro-Palestine stance

  • Germany Is Seizing Jews’ Money Again

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  • The [pro-Palestine Jewish activist] group suspects the move was triggered by its involvement in a forthcoming pro-Palestine conference that has attracted intense scorn from the German mainstream.

    Even the group itself claims the account freeze (which is, btw, not the same as 'seizing money') was due to its pro-Palestine stance (and not bc the group is Jewish).

    Bank accounts shouldn't be frozen bc and organisation is Jewish nor bc its pro-Palestine, but what the title suggests is obviously completely different from the article's content.

    I'd also agree with what is already said in this thread. There's a lot wrong with the way how this story is framed.

  • Bulgaria: Chinese rail maker CRRC withdraws from public tender after EU launched probe into it over suspected state subsidies

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  • @honey_im_meat_grinding

    The EU's relevant rule here closes gap in the review of government support for companies doing business in the EU. While aid granted by EU states must comply with the EU’s rules, there has been no comprehensive EU mechanism preventing subsidies granted by non-EU countries from providing an unfair advantage to companies doing business in the EU’s internal market. The rule does not prohibit foreign subsidies per se, though, but it does prohibit, for example, that companies benefit from from zero-interest loans or below-cost financing.

    The Net Resource Transfers from developing to developed countries are a much greater issue. The largest part of capital outflows from developing countries can be traced back to (often illegal) capital flight. For example, many corporations (from developed and developing countries alike) show false prices on their trade invoices to get money out of developing countries into tax havens. Or corporations transfer money from developing countries by shifting profits between two subsidiaries. For example, a subsidiary in country A might avoid local taxes by transfering money to a subsidiary in country B - a tax haven, where the tax rate is zero.

    The beneficiaries of all this are large corporations and an often corrupted political elite.

    To solve the Net Resource Transfer problem, we need to shut down the dozens of global tax havens which just a small global financial elite (of which most, though not all, are located in the West) is benefiting from.

    The EU's rule to protect its internal market has a minimal effect on the NRT. This is essentially a different issue.

    Sorry for the long post.

  • The tech behind a flying car, originally developed and successfully test-flown in Europe, has been bought by a Chinese firm

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