China's per capita car exports are a tiny fraction of those of Japan, Germany, and South Korea. So why aren't those countries accused of "overcapacity"? Why are they allowed to export so much with no US backlash? Let's review the data:
Vehicle exports in 2023: -China, 4.91 million -Japan, 4.42 million -Germany, 3.11 million -South Korea, 2.76 million
China's population is: -11 times that of Japan -17 times Germany -27 times South Korea
So their per capita exports in 2023 were one car for every: -290 Chinese -28 Japanese -27 Germans -19 South Koreans
In other words: -South Korea exports 15 times more cars per capita than China. -Germany exports 11 times more cars per capita than China. -Japan exports 10 times more cars per capita than China.
If China is distorting global markets due to "overcapacity", as the US government claims, then Japan, Germany, and South Korea have been at a whole other level of extreme overcapacity for decades.
But these countries are close US allies, so - unlike with China - the Treasury secretary doesn't tell them to cut back production, take away jobs from its people, and sacrifice growth on behalf of Washington.
Geopolitical Economy Report
China's per capita car exports are a tiny fraction of those of Japan, Germany, and South Korea. So why aren't those countries accused of "overcapacity"? Why are they allowed to export so much with no US backlash? Let's review the data:
Vehicle exports in 2023:
-China, 4.91 million
-Japan, 4.42 million
-Germany, 3.11 million
-South Korea, 2.76 million
China's population is:
-11 times that of Japan
-17 times Germany
-27 times South Korea
So their per capita exports in 2023 were one car for every:
-290 Chinese
-28 Japanese
-27 Germans
-19 South Koreans
In other words:
-South Korea exports 15 times more cars per capita than China.
-Germany exports 11 times more cars per capita than China.
-Japan exports 10 times more cars per capita than China.
If China is distorting global markets due to "overcapacity", as the US government claims, then Japan, Germany, and South Korea have been at a whole other level of extreme overcapacity for decades.
But these countries are close US allies, so - unlike with China - the Treasury secretary doesn't tell them to cut back production, take away jobs from its people, and sacrifice growth on behalf of Washington.
1 year ago (edited) | [YT] | 208