lol I loved that bit, like wtf does that even mean, Chinese are not using organically grown free markets to produce their goods 😂

It is artificially cheap because it wouldn't have happened without peoples transformation skills!

There's no naturally cheap. Nature wants us out!

yeah, all of a sudden all the concern about impending climate doom evaporates

The existence of artificially cheap means there is also artificially expensive.

weird right

The best part about the whole thing is how US presumes it has the right to dictate to China on how to develop its economy.

Any Leftists that don't think China is AES are going to have to do some explaining and rationalizing soon.

Most of all i feel really sad for them. Must be really depressing to consider yourself a communist and think that the biggest success story of modern times in lifting hundreds of millions out of poverty and turning one of the poorest, most devastated and most underdeveloped countries in the world into the world's largest and most productive economy within less than one human lifespan is actually capitalist... Imagine living that way.

The problem that Yellen and America are having is that Chinese manufacturing is constantly moving up the value chain. What does this mean? Simply that China is gaining the ability to make more technologically advanced and sophisticated goods as years go by.

For centuries, the West has had a monopoly on high technology. China is beginning to challenge it and the West has been dealing with it in bunch of ways for a while now. For example, they could largely ignore Chinese phones because they do not directly compete against iPhones for example because of the target market since Chinese phones target a lower price segment. Chinese software like Baidu is useless for English speaking countries. With Huawei's 5G telecom hardware, they could just ban it. It is not a consumer good so most people wouldn't care about missing out on it especially if you drape it with the garb of "national security threat" which is what the west did.

But Chinese made commodities like electric cars and solar panels present a new problem. They are high tech and are goods that are both in high demand and short supply in the West. It is a market that is ripe for picking but Western companies, lacking manufacturing capacity of their own, have not been able to produce to meet this demand. Chinese EVs and solar panels are going to be infinitely cheaper than anything the West can produce because of efficiency (but the press will tell you it is only because of state subsidy). China can produce these things without the West but the West cannot produce these things without China. The West does not like this. The West does not want China to independently provide high tech goods to the West because Western companies cannot compete with that and they will be drown.

I think it's desperation, US is realizing China is pulling ahead and they're basically trying to convince China to sabotage their economy the way they did with Japan in the 80s.