Biden Calls Chinese Electric Vehicles a Security Threat::The president ordered an investigation into auto technology that could track U.S. drivers, part of a broader effort to stop E.V. and other smart-car imports from China.
Biden Calls Chinese Electric Vehicles a Security Threat::The president ordered an investigation into auto technology that could track U.S. drivers, part of a broader effort to stop E.V. and other smart-car imports from China.
Doesn’t stand a chance at what? Producing more cars than an industrialized country with 4x as many people? Yes I am. Would you say Canada “stands a chance” in that sense compared to the US?
The better question is: what benefit is a country getting for the stuff it makes and sells. GDP per capita is a useful measure because in theory it means every person is getting a larger slice of the country’s productive economic activity. Obviously reality is a lot more complex than that, but it’s certainly not helpful to be even more reductive and just ignore the population factor entirely.
I’m not sure OP is talking about the net distribution of profit though, they’re talking about gross market output. China can flood the EV market with cheap commodities, that’s bad news for American manufacturers because -as op said- they can’t compete. A lot of that is related to population, but that’s kind of irrelevant to the point op is making.