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The problem is that if they had opened their market to foreign corporations, their own "shit" like you say, would never have been as great and strong (at least
by topicseed 6y ago
The problem is that if they had opened their market to foreign corporations, their own "shit" like you say, would never have been as great and strong (at least locally) as it is now.
If you open your market too early and don't protect your own elements, they will get crushed and you will be at the mercy of other powers.
Look at the UK, look at Germany, look at the EU... Having to please two superpowers and doing so bending backwards.
- specialist 6y agoWhen should China open their domestic markets to foreign competition?
- pinkfoot 6y agoIs Telsa, never mind Buick and VW not at least some evidence that they have?
- jskell725 6y agoNo, unless and until there is a domestic chinese Luxury Car maker of note. This is the exception which proves the rule. They don't make directly competing products; so these come in. Watch what happens when they do.
- deleted 6y ago[deleted]
- specialist 6y agoI have no opinion. That's why I asked topicseed, accepting her/his argument that emerging markets need protection, when (and if) China should open up. But apparently topicseed hasn't updated her/his thesis since 2005. As for Tesla in China, I dimly recall that it's in partnership. SOP for BRICS economies. Quick search... Nope. I was wrong. This 2018 article states Tesla is the first foreign company allowed to operate in China without a domestic partner. https://money.cnn.com/2018/07/10/news/companies/tesla-china-factory/index.html https://money.cnn.com/2018/07/10/news/companies/tesla-china-... Now I'm almost curious if there have been others since.
- eru 6y agoIs that the infant industry argument warmed up again?