3 ms·
China has a local market 5-10x pretty much everywhere else, a huge trade surplus, the ability to borrow tech and people from around the world, a cheap labour ba
by Incipient 2y ago
China has a local market 5-10x pretty much everywhere else, a huge trade surplus, the ability to borrow tech and people from around the world, a cheap labour base, and massive government incentive to dominate a new industry.
Anyone doubting China will steamroll most markets given the current situation is in for a shock.
Australia has already experienced China weaponising trade (banning wine and beef imports). Other small countries will experience similar.