Part 4/9:
One alarming aspect discussed is China's overcapacity in industries such as steel and semiconductors. Nikar illustrates this by stating that China produces so much excess steel that it could theoretically build a steel bridge to the Moon multiple times. This overproduction floods the market, decreasing global prices and driving competitors out of business. The narrative continues with other sectors like electrical vehicles where Chinese companies are utilizing similar tactics to dominate the market, thereby endangering U.S. manufacturers.