3 ms·

Why the world should be careful? China pretty much owns e.g. Lithium batteries industry, so what?

• mikekchar 8y ago
  Sorry. I did not mean to imply it in that fashion. As I said, I don't really care one way or another. The point is that if you want to be the ones making money, then you need to get started early. Just like memory chips and LCD display technology was eaten up by first Japanese and then other SE Asian companies. This is the "new oil" as far as I can tell. Chinese dominance of the battery industry probably should worry you if you are hoping to be a G8-like country in the future. It's nothing to do with China per se. I'm sure they will be quite happy to sell their technology just like Japan and other SE Asian countries were happy to sell cars and memory and computer displays throughout the 80s, 90s and 00s. But if you are the kind of country that has companies like GM (or Aramco...) and you think you're going to dominate the market place forever because of history, then you're going to be feeling the pinch pretty quickly. Or at least that's what history seems to be implying to me. Maybe I'm wrong.