Russian advances prompt public criticism of Ukraine’s Kursk push
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    Yeah honestly I don't really understand why Ukraine diverted forces to Kursk. They were dug into strong positions in Donetsk... Positions they've since had to give up as the Russian advance picks up pace.

    Maybe Syrskyi saw the writing on the wall and went for a hail mary?

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  • China Conquers Mexico’s Automotive Market, and the US Is Worried
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    To get an idea of margins:

    The BYD Seagull sells under the Dolphin Mini name in South America. The Seagull (see specs) is the BYD's cheapest electric car launched in April last year. Its price range initially lay between 78,800 – 95,800 yuan (10,850 – 13,200 USD)

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  • China Conquers Mexico’s Automotive Market, and the US Is Worried
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    Manufacturing labour costs were $8.31 per hour in China last year, compared with less than $3 in places such as India, Thailand and Vietnam. - The Economist

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  • China's EVs are fueling a big oil demand slowdown
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    looks at China

    Manufacturing labour costs were $8.31 per hour in China last year, compared with less than $3 in places such as India, Thailand and Vietnam. - The Economist

    looks at Mexico

    Anyway, manufacturing in China is a low-skill role that employs a huge proportion of the market. In terms of social/cultural value, its closest parallel in the US would be the retail services sector.

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  • Taiwan's 3rd-largest political party head arrested over corruption scandal
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    I too love to jail my political competitors after the they successfully split the vote from my real political rival (the KMT) in the last election. A bastion of democracy in East Asia.

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  • Analysis: China’s clean energy pushes coal to record-low 53% share of power in May 2024
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    The rapid growth in power generation from solar shows that the solar capacity boom is delivering new electricity supplies at a scale sufficient to cover much of China’s demand growth.

    This reinforces the view that China’s CO2 emissions are in a period of structural decline.

    "I didn't read the article but I'm a racist fuck who hates yellow people"

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  • Venezuela could hand energy rights to BRICS Maduro
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    Honestly this is probably the only way to actually get those resources developed at this point.

    Sinopec and Rosneft are absolute beasts in scaling O&G. Given China's specific USD reserve issues right now, it might make sense to route US assets into developing Sinopec assets abroad.

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  • US lawmakers threaten cuts to Olympic anti-doping funds
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    You're barking up the wrong tree with this one. The real story is the number of US Olympians that have TUEs that coincidentally are performance enhancers and the relative lack of TUEs for other countries' Olympians (e.g., China).

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  • China's subsidies create, not destroy, value
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    To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.

    What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?

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