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There Can Be No Energy Transition Without China, Says Siemens Energy CEO (www.forbes.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 3 months ago* (last edited 3 months ago) (1 children)

They’re mad because they’re terrified that, in order to compete without paying slave wages for Chinese labor, they might have to gasp! get paid less to make up the difference! Not smaller profits! Oh, no!

[–] [email protected] 1 points 3 months ago (2 children)

How did you get that from the article?

[–] Isoprenoid 8 points 3 months ago (1 children)

[Christian Bruch's (CEO of Siemens Energy)] comments highlight the complexity for firms desperately needing supplies and parts manufactured in China, but not the competition from complete kits made there that undercut Western firms.

[–] [email protected] 2 points 3 months ago

I understand this to mean: "there are no suppliers for some parts outside of China" rather than "my margins are affected, waaawaa"

Like try and buy clay that hasn't been processed at some point through China, or any piece of machinery that doesn't have a component inside which originates in China. Hell, even try go 24 hours without using a Chinese product.

This is why many countries are looking at re-implimenting protectionism, because we have reached a situation of non-control, regardless of domestic wants.

I don't think I agree with their (Siemens Energy's) stance, without a Long term solution to change the issue, but I understand it's place in the grand scheme.

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago)

I read it— but, more importantly, I also know the one thing that China has which constantly allows them to undercut Western manufacturing: cheap labor.