Chinese Cars & Everything Else: Coming To Your Neighborhood Soon. Jorge Guajardo, Former Mexican Ambassador to China.

Driving with Dunne

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1y ago 30:11

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Here is the powerful China formula for commercial dominance that everyone needs to know. Build up massive capacity. Achieve scale. Reduce costs. And then export like a bat out of hell all over the world. This is exactly how China overwhelmed the solar panel industry. Will cars be next? You bet. In fact, it is already happening. China today has the capacity to build 40 million cars and trucks a year. Domestic demand is about half of that. So, this year, China will export 5 million vehicles to more than 100 markets worldwide this year. And, that is not all. As China's domestic economy stalls, there is more pressure, more incentive to export than ever before. Mr Jorge Guajardo joins us again this week for Part II of our conversation about what to expect as Chinese companies push into global markets. They will be bringing stunningly low priced items from cars to used bulldozers to cement mixers. Are you ready for the barrage?

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