geikei

A Chinese EV sold in the EU has a profit margin of 10 TIMES the same EV model sold domestically in China

I imagine you are refering to this cause this is the only "10 time profit margin" thing i have come across

Im gonna link this long breakdown of someone that seems to know way more than i (or you i assume) that argues that this figure from this particular research research that, while interesting, understates the amount of variable profit per incremental vehicle sold in China by a notable margin(25%, not 6%). That Incremental onshore profit for each BYD Seal would be €5,395, not €1,306 and also that it overstates the profit margin per unit in Europe by ignoring some additional costs .

Here https://x.com/GlennLuk/status/1809563664615198784

Overall this would mean that European markets , while important, arent nearly a "lifeline" for Chinese EVs and that the vast majority of profit is and will be made in domestic sales and in sales in SEA and 10-20k GDP per capita countries. European automakers are dependent from the Chinese market way way more than Chinese EV makers ever will from the EU market. Let alone the US that isnt a relevant market in the first place.

Im not in the lgbt community and of you are i understand your anger and wont say you are wrong. I just think that since that social conservativism in large part has it roots both in colonialism and in the subsequent economic underdeveloped under the global imperialist western regime i cant be too vindictive towrards them as individuals. I laid out how i think things can get better and thats where my comment comes from

I didnt say that it shouldnt have been in the opening ceremony. Im just considering the sad reality of that with the way world politics and contradictions and media works it may very well be a net negative for the progress of lgbt rights worldwide, not in a conspirational short of way .Tho its not that serious on its own.

Wether you think its good that it happened depens on how you judge such think and how much weight you give on weighting such performances in such an event as a natural and organic manifestation of lgbt acceptance and progress in the west that reflects their values against more more opportunistic and performative rainbow capitalist stuff

Being queer should be apolitical and universal. Im describing the existing reality where the struggle for lgbt rights and acceptance isnt . And im stating my opinion on whether performances in such an events a net positive in a context of the current poltical world climate and domestic movements.

An absolute shitton of people in non western countries dont support lgbt rights and as i said this social conservativism its often 19th and 20th century colonial import. 100s of millions if not billions shouldnt be thrown in gulags for their social conservativism. Their countries should be given a chance of geniune non neoliberal economic devlopment and the social changes that comes with and the betterment of lgbt rights and acceptance movements should come from the, admittedly gradual and grueling, natural struggle of domestic organic movements and groups.

At least thats my belief. To this end the more LGBT acceptance is conflated with western and neoliberal cultural hegemony and the more westerm capital, ngos and government pretent to be the moral crusaders of such causes on the world stage the worse in my opinion. I think i gave enough detail on how thay plays out in regard to the topic in my original comment

When Nick Mullen pinned an Avengers Engame spoilers post and a ton of capeshit enjoyers had a meltdown in the comments

tbf based on other comments they seem to have also visited Tier 2 and Tier 3 cities which in their own right are seeing faster development and are as impressive as a lot of well functioning European cities. So the overall impression is somewhat representative of the lives of more people than the populations of the US or the EU

Hey now OP probably wants all the girl and queer comrades to be ripped and veiny as well

This has strong Kaplya energy word to word tho they are @droplet now and your account is older. weird

Either way, how do Chinese households borrow to consume if both their savings growth, their income growth and the consumption growth have been comfortably and sustainably larger than HH debt growth? HH debt can also be a bunch of things not related to most aspects of consumption so unless we have some ready to go data we cant know where that debt went and its a huge leap to call China's consumption growth "debt fueled". Like HH have to borrow to be able consume but also HH savings are at the same time growing faster and higher than HH debt ? They get in debt to be able to sustain their consumption but also they are able save up more than the debt they get into ? Doesnt pass the smell test.

Also the aggregated debt figure compared nominaly against the GDP may tell us absolutely nothing about how distressed the average household balance sheet is given the income and regional inequalities in China in the last decade and the economic activity of different groups. Its much more likely that upper middle housholds and individuals leveraged too much on the property market and speculation (irregardless of their returns) and on the average household level i would imagine most debt figures have accumulated from the explosion of car purchases and payments that foundementaly add a bunch to HH debt calculation no matter how healthy peoples balance sheet is. So Its less of an issue if HH debt going up mostly as a function of mortgage penetration for higher income earners but not coming at the expense of savings or consumption (but also not financing those things) for the average houshold.

Also as far as the real estate sector bubble popping/delevareging goes that is already a reality for almost 3 years now. Sector has already dropped as a % of gdp by a notable margin, prices depending on city tier have droped from somewhat to a bunch . If that was to have any major impact on HH consumption we would have seen it by now. But HH consumption numbers follow the same trend and growth regardless. Connected to that is the fact that , yeah many people invested on real estate beyond buying their first house, but many for China is still a small minority of the population and concentrated in urban upper-middle class people. But how many Chinese people do you actualy think have invested in real estate and/or stocks? 30 million ? How many people borrowed to invest even , which is something you throw out with such certainty ? Many can be 4 million but are you sure thats an impactfull sum for China?

Ok lets imagine that. These 30 million people do contribute a lot in chinese consumption since they they make up a large chunk of upper middle class people like i said. And their grivances get disproportionate coverage both inside and outside of China. But the future of chinese society and economy isnt for them. Its for the 300 million class people moving up the ladder to a middle class lifestyle. The vast majority of these people didnt speculate on real estate or stocks and the deleveraging of the property sector not only doesnt hurt them but it actualy opens up the road for more affordable housing and as a result more disposable income for consumption. And thats what we have been seeing. From income to consumption to savings the YoY growth for that bracket has outpaced both GDP growth and that of upper-middle class chinese. Chinese govt does not in fact consider the pains of people who’ve already made enough money to gamble on stocks or speculate on real estate beyond owning the house they reside in as determinal to the engeneering of a future economy more fair and benifiting for the much larger working class people in lower economic brackets.

Funny to remember how widespread making fun of the "Soviet Gerontocracy" was in the 70s and 80s in western media and politics. This is so so so much worse. Suslov, Brezhnev and Chernenko at their worst and most decrepit state were monsters of vitality and intellect compared to what we are seeing from Amerikkka these days.

You can put renal failure induced encephalopathy Andropov on the debate stage 5 minutes before he died and Biden would still seem barely sentient comperatively

"dont let history repeat itself"

Bruh you are 500 miles off of China and they havent colonized you once in 3000 years. Meanwhile you got got multiple times by western colonial empires from the otherside of the globe. The only history repeating itself is yall being colonized by the US, this time willingly