🚨 Russia’s Auto Market Collapse: Shockwaves Hit China, BRICS, and Global Trade 🚨
China’s carmakers are facing a brutal wake-up call. What looked like a goldmine in Russia post-2023 is now turning into a dead-end market by late 2024.
📉 The Russian Crash
– Moscow’s new “recycling fee” pushed car prices up by $8,000+.
– Loan rates skyrocketed, strangling buyers.
– Result? Russian car sales dropped 27% in six months, while imports of Chinese cars collapsed 62%.
🇨🇳 Chinese Brands Under Pressure
– Geely exports: –8%
– Great Wall: barely broke even
– Chery: growth slowed to 11% (vs 25% last year)
– BYD (no official presence in Russia): doubled overseas sales 🚀
The bigger problem? Overcapacity at home, brutal price wars, shrinking outlets abroad. The Russian collapse closed one escape route, while more nations slap tariffs to defend their industries.
🌍 Geopolitics Adding Fuel
– Trump: threatens 100% tariffs if BRICS pushes de-dollarization 💵.
– BRICS Summit: Xi, Putin, and Lula align on multilateralism.
– Europe: rushing to Washington as Trump claims the Ukraine war will be “settled soon.”
⚠️ The Takeaway
China’s export machine just lost a key market. Overcapacity, tariffs, and Trump’s trade bombs are shaking the system. For Beijing, it’s a warning sign: expansion strategies need new directions. For global markets (including crypto), it’s proof that economics + geopolitics = volatility.
💡 Crypto Angle: Global trade wars and BRICS de-dollarization talk could accelerate the shift toward Bitcoin and decentralized assets as hedge plays.
👉 Stay sharp. Global politics can flip market sentiment overnight from autos to assets like $BTC, $ETH, and beyond.
⚠️ Disclaimer: This post is for educational purposes only, not financial advice. Crypto carries risks always DYOR.
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