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China’s self-inflicted reversal is unbelievable. All they had to do was make an honest progress, invest in education and research, and the rest was history. Ins
by lvl102 3y ago
China’s self-inflicted reversal is unbelievable. All they had to do was make an honest progress, invest in education and research, and the rest was history. Instead they got too big headed and turned insular (again). Brain drain continues and Japan/SK/Vietnam stand to gain.
- deleted 3y ago[deleted]
- alephnerd 3y ago> China’s self-inflicted reversal People are overreading into the geopolitics. This transition already started 15 years ago when Intel opened it's first Semiconductor Packaging factory in Hanoi in 2009 (yes, 2009 is 15 years ago now) By 2008-09 it already became a bit difficult to operate within Coastal China for cost reasons. Foxconn decided to expand inwards into Interior China (eg. Zhengzhou) while Japanese+Korean companies expanded/returned to Thailand (Japan), Vietnam (South Korea), and India (Japan). The consumer electronics industry has always been a race to the bottom. 25 years ago, ASEAN and Mexico were the primary electronics manufacturing hub (Made in Thailand, Made in Malaysia, Made in Phillipines), then it became Made in China in the 2000s-2010s, now it's Made in Vietnam/India, and in a couple years who knows where.