The nuttiest part of the China story is how they're gurgling in excess capacity to produce solar panels and coal-powered-battery-cars.
Guess what part of the world is least productive for solar panels, due to cloud cover and humidity . . . China. China says they'll eventually have nuclear plants to power those electric cars, just as we'll eventually deal with human caused climate change. Good thing China has a viscous dictatorship in place, because boy are they going to need it.
I saw a YouTube video of a Chinese speaking CNBC journalist trying out new electric cars in China. She pointed out how the steering wheel of one model was positioned about two to three inches to the right of the center of the driver's seat - the car actually designed that way to avoid spending money on an offset in the steering gearbox assembly.
Huge design defects in many of the car models - but the most cars come standard with electronic features like auto-park that they charge $3,500 for in the US, and are huge profit options as they actually cost the automaker only a few hundred Dollars. Chinese factories and home builders have incinerated Trillions of Dollars producing crap of no value - and are locked out of Europe, Canada, and the US due to anti-dumping tariffs.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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