| ▲ | rdm_blackhole 2 hours ago | |
> But what annoys me the most about the article is this constant praise of „China Speed“, Cost-Advantages and Love of the Free Market, as if not every single Chinese Automaker, including its Suppliers down to the tiniest screw is a State owned entity, massively subsidized and in general part of a rigged market Do you think other countries do not subsidize their own automakers? What about the US government bailing out the entire US auto-industry during the GFC? To this day the French state owns 15% of Renault-Nissan and has given this company many tax breaks for the last 30 years or so just to keep some of the production in France. It's too easy to dunk on China when the rest of the world has been doing the same exact thing for god knows how long but nobody had a problem with that as long as the EU/US auto-makers were making money hand over fist. Now, that it is changing, all of sudden everyone is screaming that China is the devil when it basically follows the same exact playbook. As for free market argument, it is arguably harder to compete as a Chinese company in China given the cut-throat competition happening now than in the west and contrary to most of the western governments who would be too scared to let Ford or Renault fail for example, the Chinese government is very happy to see that some of its auto companies are failing because it means that the remaining ones are performing much better and have to keep innovating to succeed. That is why the Chinese automakers are steamrolling the competition at the moment, they give people what they want: innovative products at a fair price point. As it's been said many times in the past, don't hate the player, hate the game. | ||