Winner in Conflict When China is the number one car exporter because of the benefits of war
Any conflict in this world often arises from bargaining of interests. Russia went to war with Ukraine to assert its power and claim territorial rights. but also the supporters of both sides In the midst of this crisis The most interesting country is China. The benefits that China can gain from supporting Russia are many. And one of them is to become the number one car exporter. overtake Japan in the end [1, 2, 3]
In 2022, China was the world’s second-largest car exporter with 3.2 million units, ranking second in the world. But in the first quarter of 2023, China’s exports amounted to 1.07 million vehicles, a 58 percent increase from the same period last year, while Japan The No. 1 car export champion only managed 954,185 units. China’s jump in sales to overtake Japan’s has been driven by growing demand for Russian electric vehicles. But instead, it was sanctioned by Western nations and Japan. China therefore plays a role in exporting cars to Russia. This assistance to Russia has a positive effect on China’s auto export business.
Beyond the Russo-Ukrainian War will benefit China. The war against the epidemic has also weakened Japan’s automobile production. Japan’s factories have been underperforming since the COVID-19 pandemic. February’s PMI fell to 47.7 from January’s 48.9, the sharpest drop since September. 2020. In addition, the Japanese economy is still not recovering from the inflation crisis and global recession. Including demanding additional wages to support the higher cost of living of workers. As a result, the Japanese economy is continuously damaged.
On the other hand, Chinese factory enterprises are steadily thriving despite China’s strict lockdown measures. But China’s February PMI rose to 52.6 from 50.1 in January, the fastest growth since April 2012. From this PMI value, it can be seen that China’s economy tends to grow better after the epidemic. But Japan’s economy has clearly fallen. The move to help Russia could play a part in China’s economy recovering faster after the COVID-19 pandemic.
In addition to all of the above The electric vehicle technology that China has been continuously dedicating to develop still plays an important role in making China likely to be able to continue to be the champion of car exports. In the midst of a protracted war between Russia and Ukraine Who will benefit from this unending war? And how will China continue to be the champion of car exports?
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refer
[1] Michael Harley. (May 22, 2023). China Overtakes Japan As The World’s Biggest Exporter Of Passenger Cars. Retrieved from https://www.forbes.com/sites/michaelharley/2023/05/22/china-overtakes-japan-as-the-worlds-biggest-exporter-of-passenger-cars/?sh=34d99c572c4f
[2] BBC. (May 19, 2023). China overtakes Japan as world’s top car exporter. Retrieved from https://www.bbc.com/news/business-65643064
[3] Peter Hoskins. (March 1, 2023). Chinese factories boom while Japan’s are in reverse. Retrieved from
Last updated : 14 August 2023
2023-08-14 06:03:55
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