>>12425932>durrrrrrrrrrrrrrr muh low value-added jerbs got sent to ChINa>no company produces parts for a technology that does exist yetchina's manufacturing is bad, and I'm not just talking about quality, it's inefficient and poorly managed. It's also more expensive than North American labour AFTER you have paid for your industrial plant, that's just NA writ large, Mexico kicks chinas ass when it comes to both price and quality.
China also lacks a sophisticated capital base and educational base. their research efforts are floundering and they are decades behind the west when it comes to almost everything. But that's ok because they have a world-class propaganda department and friends in almost every western elected office trying to convince their people that China is a threat and that they need bigger budgets to combat this rising threat.
they also have A LOT left to steal. they also lack a meaningful value-added sector, like AT ALL. the west BLOWS china out of the part when it comes to high-value industries. this would be one of them.
so what's been driving their economic miracle?
a bottomless amount force-fed financing by the CCP to achieve whatever goal they want. In one way you are right, they do not care about ROI. but this is a bad thing. it means that they will have an ever more dysfunctional and disjointed economy.
the Chinese are far behind the west when it comes to just about everything. even the headline figures are all too easy to get fixated on, its a false boom driven by government forced lending policies that favour expansion over profitability. the flip side of this is that you get a massive over-expansion of credit, and when there is a correction a lot of people will be underwater, and their economy will cave in.
want to see the outcome of when countries tried the economic model that inspired the current one in china:
>japan 1990 >tawain 1997>Indonesia 1998>korea 1997China has gone further than all these countries and will fall harder.
