My dad brings this up when China comes up in conversation and I’m always just like “yeah, and…?” Like if we’re so smart why are they the ones with bullet trains and solar panels and not us?
General topic aside:
Because having an idea doesn’t automatically mean you get to sell it. China is stratehically subsidising promising sectors to create national champions and subsequently crush foreign competition by flooding the market with dumping priced goods.
An intelligent strategy but its seems like a double-edged sword as China doesn’t seem to freely share own innovations with others due to competitive reasons.
My dad brings this up when China comes up in conversation and I’m always just like “yeah, and…?” Like if we’re so smart why are they the ones with bullet trains and solar panels and not us?
General topic aside: Because having an idea doesn’t automatically mean you get to sell it. China is stratehically subsidising promising sectors to create national champions and subsequently crush foreign competition by flooding the market with dumping priced goods. An intelligent strategy but its seems like a double-edged sword as China doesn’t seem to freely share own innovations with others due to competitive reasons.