It is important to note that Gigaset is a German company, but since 2024 it is owned by V-Tech based in Hong Kong.
randomname
They force the government to levy taxes and tariffs and ban competition to protect their established non-competitive products and profit margins.
Even if we put aside that Chinese manufacturers produce often under slave-like conditions, the vast majority of companies are not fit for market without massive state subsidies and additional support that are much higher than anything in West.
A good way to observe this is, for example, when we compare Chinese and Western car manufacturers which are producing within China. Even in the country, Chinese car firms receive a lot more direct state aid by all comparative standards. Between 2019 and 2002, Tesla's reported state aid was 2% of net income, and no grants since 2023 (European car markers' grants were even lower than Tesla's), while BYD’s subsidy income were 265 of net income in 2024 and 35% in 2025.
The gap between Western and Chinese producers is much larger if Western firms produce at home.
Another way Chinese carmakers lower costs: they 'outsource' costs to their suppliers. BYD has even created its own proprietary supply chain finance system called the “D-chain,” through which it issues “e-debt certificates" which means the company stands outside the law (there is a Negotiable Instruments Law in China in principle, but it doesn't matter to all companies). According to company reports for the years 2023 and 2024, BYD took an average of 155 days to pay suppliers, Geely 149 days, and Leapmotor even 225 days.
Western carmakers paid their suppliers much sooner - Tesla withing 60 days, Volkswagen in 43 days, and 41 for Toyota in 41 days.
Chinese companies also benefit from below-market borowings (below the China Prime Loan Rate), and they receive preferential access to cheap land to build their factories (especially if and when there are good connections to the party).
And this is a TINY sample of what happens. Comparing Western and Chinese subsidies doesn't make sense. It must clearly be said that under Western subsidy schemes, Chinese carmakers would have long been bankrupt.
Yes, but China's AIs aren't open source.
Nah, this isn't about a 'one-China policy' but rather about money as coal-rich Mongolia aims to boost China trade ties despite dependence risk
Mongolia hopes to boost trade by more than a tenth this year with China, the biggest destination for its exports of coal and minerals, setting a target that will further boost economic dependence on its giant neighbor.
... China’s demand for Mongolian coal is also likely to grow, [Xu Tianchen, senior analyst at the Economist Intelligence Unit] said, after a mining disaster killed 82 people in northern Shanxi, putting pressure on domestic coal supplies.
So it's the typical turbo-capitalism with Chinese characteristics: money and political coercion.
What an absurdly weird comment. Chinese brands are among the least trusted, and there are a lot of brands people trust, but they apparently don't trust brands from China.
copying the united states empire playbook?
The last time the United States saw a trade surplus was 1975, and the country has been experiencing an increasing trade deficit since.
Meanwhile, China's domestic sales of new cars in April fell by 22 percent from a year earlier, according to the China Association of Automobile Manufacturers. China seems to depend on export markets now more than ever.
There is a war in Ukraine after Russia invaded the country. China has been playing war games around Taiwan while Beijing has been increasing its aggression practically in the entire South China Sea. It's noteworthy that the Chinese government has been increasing its military budgets in the last 30 years which is another threat to its neighbours in the region.
It's clearly said in the report, and the conclusions are very clear and reasonably.
It is important to note that Gigaset is a German company, but since 2024 it is owned by V-Tech based in Hong Kong.