Comment Re:Every few years, a new canard (Score 1) 207
The problem with these reports is that it's hard to discern how real these conclusions are.
You see, the most effective propaganda don't straight up tell you lies and fake news. They are based on kernels of truth, but exaggerated and overblown to gigantic proportions so that they can draw conclusions that fits the agenda.
So it can very much be true that there is overproduction and oversupply in their auto industry, but is it to the state where it's a crisis imminent of an industry collapse, or even an economic crash? That is not a conclusion that can be easily drawn.
The problem is that there are so much sensationalist headlines and fake news about China, that it is reasonable to have doubts about these conclusions. Especially when they are based on outsiders claiming to know better and drawing these conclusions; while projecting that the ones in the driver's seats in China, in these companies and their government, which have much more data and info than foreign outsiders, are unable to see these problems and the crisis, and have done nothing to correct course. They are assuming the Chinese are stupid and incompetent.
I'm not saying this report or the opposite is false, it's that we shouldn't easily trust this conclusion, and that we need to have self-awareness that we may not truly know enough, and keep an open mind.