996 is self-destructive. The current events have more to do with the entire Chinese society (knowingly or unknowingly) being led by the CCP to massively subsid

996 is self-destructive. The current events have more to do with the entire Chinese society (knowingly or unknowingly) being led by the CCP to massively subsidize their manufacturing far beyond demand curves at >10x the rate of the west. Many of their industrial companies now only survive as jobs programs that would collapse if they were not being subsidized by the government. This is a publicly acknowledged long term play that is starting to bear fruit. 1) Invite tech companies like VW to manufacture in China. 2) Set up government funded parallel factories to quickly clone the output. 3) Compete on price with a government backed supply chain. 4) Flood the zone and put global competitors out of business who don’t have the 10x subsidizes. 5) Reduce subsidies and be the last company standing. Edit: Here is a department of treasury talk on this from July: https://www.cfr.org/event/us-china-economic-relations-jay-shambaugh https://www.cfr.org/event/us-china-economic-relations-jay-sh...