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They have more than 1 billion people that are getting more and more educated, they have the capital and will to invest in it, they will get there eventually. T
by eloisant 4mo ago
They have more than 1 billion people that are getting more and more educated, they have the capital and will to invest in it, they will get there eventually.
The "moat" we're talking about with private companies is that it's very hard for competitors to get enough funding to compete, and private investors are unwilling to invest in a company that will compete with a big established player. That's completely different when a state has a strategy and decides to invest to achieve a goal.
- Chu4eeno 4mo agoThe problem is that their government doesn't let them go anywhere but into factories, no matter the education. They were promised upwards mobility, but their leaders need factory workers, more than ever.
- joe_mamba 4mo agoHuh? Where did you get your sources? Chinese factories are more automated than ever. More and more skilled chinese do skilled white collar work not repetitive factory assembly work.