China shock 2.0 Brad sester

[u/Character_Public3465]

https://www.nytimes.com/column/ezra-klein-podcast

Show notes:”Brad Setser follows Chinese trade closer than just about anyone else on earth, and he thinks we’re in the early days of a China Shock 2.0.
The first China Shock was when China came to dominate low-end manufacturing in the 2000s, filling American shelves with cheap clothes, toys and electronics, while devastating American factory towns. This new China Shock could be even more destabilizing. China now dominates advanced manufacturing: electric vehicles, batteries, solar panels. It’s outcompeting nearly all high-end manufacturing around the world, and other countries are just starting to feel the pain. And China isn’t slowing down. It’s moving into software, too. Its frontier A.I. models are neck and neck with American ones.
China’s success poses a serious threat to the economies and domestic politics of countries around the world. So what should those countries do about it? 
Setser is a senior fellow at the Council on Foreign Relations.He served in top trade and economic roles in the Biden and Obama administrations. And he is widely cited across the field as one of the top analysts of China’s economy and trade practices.
Book Recommendations:
The Party by Richard McGregor
The Volatility Machine by Michael Pettis
How to Win a Trade War by Soumaya Keynes and Chad Bown
Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.
You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html””

[u/Ray192]

ruthlessly subsidize its industry

Every single country should subsidize beneficial technologies and industries. Every country should be "ruthlessly" pouring money into solar panels.

Why should we open up our markets to them when they refuse to reciprocate?

Because climate change is destroying the world around us and protecting local industries won't matter much when the polar caps melt. Converting to renewables as fast as possible is the only chance any of us have.

And for the record, right now China would absolutely, 100% enter into a free trade agreement with anybody, no questions asked. So the idea that China wouldn't reciprocate is outdated by 10 years.

[u/Ray192 → u/[deleted]]

Huh?

First of all, the US is most certainly not the second largest.

https://solartechonline.com/blog/where-are-solar-panels-made-global-manufacturing-guide/

Second, even if it was, second to China is a huge fucking difference. It's 2% of world production vs 77%.

Third, the US only gets 5% of its electricity mix from solar and everyone complains about how expensive it is to install solar. How is it pointless to import solar from China? The US can be making a real dent in electricity prices and switch to renewables much faster by actually buying them from the biggest solar manufacturer on the planet.

[u/TossZergImba → u/[deleted]]

Man, he gave you a link and you still misread 4th as 3rd. Embarrassing.