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Auntie Yellen tell Tiongkok in the face...U have overcapacity problem, kym?

There can be NO DOUBT on Chinese contribution to Humanity. It is the only nation on Earth with RECORDED 5,000yrs of Humankind history - good & bad, thru various dynasties as each mortal emperor sought to elevate lives but sadly, power corrupts & absolute power corrupts absolutely, proven thru the records.

The last golden age of Han China was in the 15th century, thru the sacrifices & almost impossible hard work by the enlightened emperor - the Ming. In the end, the adage that power corrupts is proven thru, & China was ruled by the self serving exclusive Manchus, & WORSE - by the devil Mao who presumed himself as a god on Earth thru the Cultural revolution that saw the END of Chinese innovation....

The insignificant nobody me can still see the innovative works of past Chinese workers, most evident - being an Asian, in Malacca let alone in Beijing.

Cabinets made of exquisite red wood intricate carvings & laquer that lasted when the Chinese arrived to assist the 1st monarch of Malaysia in the 15th century till today...There is SO MUCH in China's evolution & progress since recorded history, but sadly, the devil Mao ended it all, along with their fervent communist supporters whom still pray to Mao & his horrific ideologies as a god on Earth even today...

We are ALL Humans first before ideologies separates us. NO mortal is a god regardless of race, language or religion. We are ALL flawed & NOT perfect. Thus may Humanity NOT be fooled & pray to mortals or listen to their advices which will only lead to Humanity's extinction WITHOUT any thoughts, free discussions, debates to find solutions to progress & evolve....
Luckily, Cina are not stupid, but only very greedy:)
 
Luckily, Cina are not stupid, but only very greedy:smile:

An example of China's copy & paste type of greed that had almost DESTROYED Tech evolution besides EV cars thru THOUGHTLESS MASS manufacturing to FLOOD markets & MONOPOLIZE market share:-

Solar panels:-

It took Humanity decades to come up with viable solar panels with STORED energy cells. However, it was bulky & costly. China's copy & paste entrepreneurs just simply MASS manufactured BULKY solar panels cheaply thru its cheap labor & operation overhead costs, FLOODED the World with such that caused MANY other Nations solar panel companies to fold.

As it was so cheap, there was NO longer any impetus by innovative mortal engineers outside of China to use the policy of 'building upon current knowledge". No venture capitalists or govts would fund any research as it would not have any better ROI - return on investments...

Fortunately, an European firm did just that - building upon current knowledge & created FOLDABLE Solar Panels, at even lower costs as it is less bulky & easy to install. It became the turn of China's entrepreneurs to sweat big time, as it will take time for them to RE-TOOL their manufacturing processes, & because of MASS manufacturing, they are left with HUGE stocks of unsold bulky solar panels....

Ultimately, it is about Free Market principles. Only the innovative & the intelligent in both IQ & EQ will find success.




 
The real overcapacity is in our parliament. One minitoot held multiple roles and multiple directorships.
 
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