I think you're overindexing on government involvement and underindexing on FOMO driving investors to jump on any new trend. When Unitree briefly reached a $69B

I think you're overindexing on government involvement and underindexing on FOMO driving investors to jump on any new trend. When Unitree briefly reached a $69B market cap after IPO earlier this month, that wasn't because of government intervention, but because people were bamboozled by their tech demos. https://chinai.substack.com/p/chinai-372-chinas-overhyped-embodied https://chinai.substack.com/p/chinai-372-chinas-overhyped-em... is an interesting read on the financial exuberance in China's robot startup ecosystem, especially if you read the full original article.