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Why Is Everything Made In China? | Whack & Epified - YouTube
Channel: Whack
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China, china everywhere! It seems like everything
we use nowadays is made in China. Except for
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that food from that Chinese food stall
on the corner.
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In fact, I bet you can spot at least 2 things
that you are using right now which are made in
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China.. So why does China make every-freaking-thing
in the world??
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Welcome to another Whack & Epified episode.
Today, we will talk about the world’s factory,
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China, and figure out if they are selling
us products or a plan for Chinese domination.
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For the first 30 years or so, China was a
communist country. Which means only the government
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was in the business of doing business. The
common Chinese didn’t have the freedom to
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work for themselves and
try and earn an extra buck..
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But once Big Daddy Mao died, the Chinese government
decided it was okay with capitalism and other
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Western evils like private business, making
a profit and shopping for fun.. So up came
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factories in Special Economic Zones around
the country.. And I mean lots and lots of factories!
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To begin with, these factories made cheap
fakes of Western products.. These were exact
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replicas of the originals. The quality sucked,
yes, there were people in India, Bangladesh
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and elsewhere who would rather pay a 100 bucks
for Abibas shoes, instead of 1200 for a pair
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of Adidas. And that’s
how the China story began.
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But as these Chinese factories got bigger
and better, people from all over the world started
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buying Chinese stuff. Now this gave rise to a whole
new wave of champion Chinese companies, like
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Lenovo, Haier and Xiaomi.
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The real cash started flowing in when big international
brands began to shift their manufacturing
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to China. Big industrial parks came up which
became cities themselves, like Foxconn’s
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plant in Shenzhen, or EUPA in Xiamen, employing
millions of Chinese youth looking for a better future.
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Each of these Chinese factory workers made
as much in a week as an American would make
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in an hour of work. Now you can imagine how much
cheaper it was to make things in China!
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That's why a lot of them shut plants
at home and they shift their base to China..
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That started to create problems. Not only
were people losing jobs to the Chinese, they
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were also losing all their money.
Since it had to buy everything from China,
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America pays China about $ 220 billion every
year for imports. Yup, it’s true! Even
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India is caught in that trap, paying China
a net of $57 billion for the stuff that we buy
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from them. Back in 2012, there was big
outrage in America when it turned out that
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the tracksuits that US athletes wore for the opening
ceremony of the London Olympics were made
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in China. They still won
the most gold medals though.
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But there are more genuine concerns
here. The Americans have been complaining
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for years about extra cheap Chinese currency,
which makes their exports even cheaper. Similarly,
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India has complained about its IT companies
not being allowed to operate on Mainland China,
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which is a huge market.
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China does buy stuff from the rest of the
world.. It has a million millionaires, who
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have some very expensive tastes. They have
made China the biggest market for luxury,
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accounting for 25% of all luxury products
sold in the world.. Now that’s a whole lot
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of bling!
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In fact, just the number of people spending
their money makes China the second biggest
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importer in the world. But that’s still not
enough to make the other countries feel not cheated.
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The rapid industrialization of China has created
a huge amount of prosperity there. But it's
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even made the Chinese suffer – mostly
in the form of untold pollution. Remember the
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winter 2012, when Beijing was covered in so
much smog it looked like that car from
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Cheech & Chong.
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China has already become the largest energy
consumer in the world, 70% of which comes
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from dirty, dirty coal. There is no option
though. Factories must keep running..
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By 2030, its estimated that China will produce
an eye watering 12,000 million metric tons
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of CO2, almost twice as much as India will.
Living in a Chinese city would be like smoking
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5 cigarettes...AT THE SAME TIME!
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People’s responses to this dilemma in history have
not been very encouraging. Also adding the fact
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that China doesn’t have a democracy makes
the situation, shall we say, a little more
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unpredictable..
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That’s it from us here at Whack & Epified.
Like, share and subscribe. Come join the tribe.
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Tell us what you think
about China from your Chinese
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made phones and laptops
in the comment section below.
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