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Comment by autocanopener | Hacker News Reader

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FDI began to shift from made in China for global export to made in China for the Chinese market and nowadays local Chinese companies outcompete these companies. Witness how global automotive companies (especially Japanese) got trounced hard because they don't have EV offerings

No, foreign FDI shifted from China to south east asia factories. There's a reason xi Jing ping was begging to share on a 'common dream' when he visited Vietnam this month.

Sure, foreign companies are losing in Chinese auto markets. That's to be expected with Chinese government support of local EV companies, as well as nationalistic fervor. The Chinese auto market is a small one compared to US however. And it's shrinking with China's economic collapse.

> The Chinese auto market is a small one compared to US however

Uh no... https://www.factorywarrantylist.com/car-sales-by-country.htm... https://www.theglobaleconomy.com/rankings/passenger_cars_sal...

fake market propped up by government subsidy. should crash 30-50%, much like the real estate prices these days in China.

A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.

https://www.bloomberg.com/features/2023-china-ev-graveyards/

You are talking about the same - you are focusing on large multi-national who have political pressures from their home country regimes. This is about local talent which has grown over 30/40+ years and are impervious to all this nonsense. Just think them about them like Silicon Valley - insiders know how to take a tech idea to a product, including financing. Not sure about financing, but a insider in Shenzhen, especially on you side, can get your product done/

Chinese car market is double the size of the USA: https://www.linkedin.com/pulse/exploring-worlds-top-10-large...

"And it's shrinking with China's economic collapse."

I don't know about that. Same with Russia. GDP growth over 3%, extremely low unemployment, life expectancy rising (besides the war!). And oligarch can't invest their money anymore offshore, now they have to invest in Russia. Putin is a dog but don't underestimate him. Currently the war seems to hurt the West more than Russia.

"Russia's war against Europe"... Are you saying that Russia isn't European? Because I thought solving problems with violence was a traditional European past time.

Almost cute. That's been the past time since before all our ancestors left trees.

Oh bummer. US is the biggest importer of China. Most crap we buy for Christmas and New Years - come from China.

90% of crap Amazon sells - China. Go to any store, most things are made in … China.

Let me supply you with some hard knowledge.

China Now Sells Fewer Goods to the US Than Mexico or Canada Do

https://www.bloomberg.com/news/articles/2023-08-08/china-los...

For the first three quarters of the year, China's exports to the U.S. fell by 16.4%

https://www.cnbc.com/2023/10/13/china-trade-exports-and-impo...

Exports to the EU fell 11% from a year earlier to $38.3 billion in November compared

https://apnews.com/article/china-exports-imports-decline-eco...

Mexico is on an absolute tear.

With rail, highway, and shipping directly into Texas, it's turning into a manufacturing powerhouse.

Texas is a huge beneficiary of this too and will get to build a lot of finished goods manufacturing.

https://www.bloomberg.com/graphics/2023-mexico-china-us-trad...

https://www.dallasfed.org/research/economics/2023/0711

Also cheap natural gas from Texas.

How does it feel to be righteous and good all the time?

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