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Comment by eunos | Hacker News Reader

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

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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.

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/

> 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/

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.

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