PREVIEW:#PRC: Conversation with CEO Chris Riegel of #SCALA com re the embassy by Treasury Secretary Janet Yellen to China to warn against dumping heavily subsidized goods such as EVs on the world market -- and the expected and often repeated response from
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 18 April 2024
⏱️ 2 minutes
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1930 Shanghai
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| 0:00.0 | Hi this is Ryan from the Imperfect's podcast where we speak to well known people whose lives may seem perfect from the outside |
| 0:07.0 | but like all of us their lives are often imperfect. We've spoken to people like Elizabeth Day, Pat Cummins, and the King of England, Gary Barlow. |
| 0:15.6 | I just remember being there going, what am I doing? How did I get here? |
| 0:20.9 | And I was really good at hiding it it but I knew it had to stop it had to stop |
| 0:26.4 | search for the imperfects wherever you get your podcasts. This is John Bachelor conversation |
| 0:32.0 | with my colleague Chris Regal of Scala.com about the recent |
| 0:36.9 | embassy by the Secretary of the Treasury Janet Yellen to China to urge the Chinese not to use their excess manufacturing capacity, which is a euphemism |
| 0:47.4 | for dumping, not to use it again as they did once upon a time with solar panels and other products. |
| 0:54.8 | How would they do it this time? |
| 0:56.4 | Electric vehicles? |
| 0:58.2 | Yes. |
| 0:59.0 | Microchips, yes. |
| 1:01.1 | Everything you can imagine that's connected to high-end earning, and especially when it comes |
| 1:07.1 | to green tech. |
| 1:08.1 | Don't do it, said Janet Yellen. |
| 1:10.8 | I ask Chris Regal, what are the prospects of not doing it. Here's Chris Regal on Janet |
| 1:16.5 | Yellen's embassy and the Chinese response. More of this later. |
| 1:21.8 | John I think the Chinese will agree to anything. |
| 1:26.0 | That being said, will they follow that agreement? |
| 1:29.0 | No. |
| 1:30.0 | They will continue to dump, they will continue to do anything they can to bring in more hard capital to China. |
| 1:36.2 | That is their greatest opponent at the moment, the lack of capital and lack of capital investment |
... |
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