Yan Wang

speaker

275 appearances 1 recordings 1 series first heard Sep 2024 last heard Sep 2024

Yan Wang’s voice in public audio — every appearance, attributed to the second.

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NAB Morning Call · Weekend Edition: China’s Missed Opportunity · 6 Sep 2024 podcast

And then people are just, you know, you you would have to

uh domestic uh players would have to rely more on global markets to grow and then they would just force other countries to impose tariffs on on on the Chinese players.

Um normally for a country, for high-income countries, normally these high-income countries, their level of innovation is also very high.

So, for example, globally we have a so-called innovation index.

It measures how innovative a country and economy is.

And that innovation index has an almost perfect correlation with the country's per capita income.

So it's very intuitive, like a high-income country.

You need to be innovative to be to stay competitive, to stay in this high-income status.

So then obviously low-income countries like, you know, for example, Mexico, India, they are way less innovative compared with countries like Switzerland or Sweden or the US or Singapore.

It's very intuitive.

But China is the only country that is very, very innovative.

And also it's very cheap.

So it's the only outlier in this kind of positive correlation.

Absolutely.

So they still have that, right?

So that's why all of a sudden in the past couple of years, we began to see Chinese EVs just everywhere.

So you know, you live in Australia, in the UK, you know, we see Chinese EVs.

Um and then you know, even semiconductors, um, critical materials, all these kind of uh alternative energy, obviously, solar panel, all these wind turbines, they are pretty much dominated by China.

So we see

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