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>And that primarily came to be when they courted Western investment and resource-sharing with promises of access to their massive population, and then proceede
by underlipton 2y ago
>And that primarily came to be when
they courted Western investment and resource-sharing with promises of access to their massive population, and then proceeded to steal and copy everything not nailed down, heavily restrict foreign firms' ability both to access their consumer markets and to repatriate capital, employed sweatshop labor, all while supporting quasi-state quasi-monopolies that literally could not fail in any meaningful way. Don't take this as unqualified criticism; it worked, and compensated for some of the worst injuries and excesses of the West's relations with the Chinese state. But the point is that it wasn't adherence to tenets of "fair-market capitalism" so much as abuse of labor and investor trust that gave them an edge. (And, to be fair, a tamer version of this strategy featured in America's own rise to economic powerhouse; Liu and Andrew, Ma and Ma Bell.)
Also, as an anecdote, the superfest story says hi. The Reds invented a superior glass manufacturing process that was ignored by the West until they could control and profit off it without it benefiting the USSR. You're familiar with it because it's (probably) the screen you're reading this on.