https://economictimes.indiatimes.co...-china-great-again/printarticle/122238292.cms https://economictimes.indiatimes.co...-china-great-again/printarticle/122238292.cms
China is so far ahead of the US in electric energy generation, supply chain and end use products that Trump and co. believe that reverting to the US's abundant sources of energy, oil and gas, will shield it from competition. Of course it means doing away with climate goals set in the Paris Accords for which Trump and his hardcore base don't give two shits. But it also means Trump will need to bully other nations to buy its gas and oil or else the prices at the pump will start to climb (basic supply and demand). There's no question that the traditional energy suppliers, supply chain and consumers have significant resources to challenge the transition to clean energy. It's easy to derail the plan in the US with lots of cash and short sighted politics, but much more difficult in Europe where plans take years before they're agreed, and once in implementation mode, they don't budge much. Nonetheless, we've seen the UK slide their transition to electric from the original 2030 to the Euro wide 2035. But the greatest challenge is to switch at the consumers level, even if they wholeheartedly want that transition. It's one thing to buy an electric vehicle but how do household in cities charge them and at what speed and cost? The infrastructure cost is formidable and leads to a chicken or egg dilemma. I's still not clear who should lead to ensure success while technology evolves so quickly that chargers only 5 years old are already obsolete for newer vehicles and some charging stations don't see enough usage to make them economically viable. Trump is on a short leash; in 3.5 years he'll be gone. It may give the US enough time to bet on and buy evolved tech and skip the duds while Europe struggles with standards across 44 countries.
They claim the US is going to lead the way in clean energy however we are so very far behind. For years we have heard about wind farms and clean energy prospects only to find out it's light years away.....all they do is talk about it and never innovate. Energy costs in my city are skyrocketing. My friend showed me his electricity bill for the month May and this is a simple 3 bedroom house with only 2 people living there, the bill was $600....they are paying over $7000 a year to heat and cool their house.... and the company has already let them know prices are going to increase again next year. ...nothing they can do about it. It's not like you have 18 different companies you can call to try and get a better rate, so prices go up and consumers cant do anything about it but pay the increases year over year over year.
MAGA ---> MCGA China has been great for many centuries. But during the 18th/19th century, the Japanese killed many Chinese and the British bullied the Chinese. Soon, China will take revenge. When China has > 10 aircraft carriers, I am sure they will sail around Japan, sail around UK, sail along East Coast US, North Atlantic Ocean, sail along west Coast US, North Pacific Ocean.
Reading schizo’s point on tariffs rolling back efforts to contain China resonates with my macro trading-these policy moves often shift FX flows significantly, undoing prior hedges unexpectedly
Maybe the Chinese markets will finally exceed the 2007 highs? I wouldn't bet on it. Like all governments they love lying to the public. It's been straight down since 2007. If you held since then you would be very poor by now. The FXI is still down 50% from the highs on October 2007 and that's after a 80% move the lows in October 2022: Maybe if it finally breaks above $55 it's a buy.
The global Right all want to cling to the past and generally hate modernity. Whether its the MAGA, Brexit or AFd crowd. It reminds me of the Okies from the 1930s dust bowl era. They are losers from the current neoliberalism aka globalism which really benefits the 120+ IQ crowd not blue collar workers.
their industrial sector profitabilities are very slim hence p/e would not be as high, that is the main reason why china stocks are cheap in comparision, then there is a discriminatory china discount factor. but it is a good thing for the chinese to donimate the renewable and ev sectors, eat others lunch while on one is competing. when the time comes, everyone will beg.