China shock 2.0: the flood of high-tech goods that will change the world(ft.com)
ft.com
China shock 2.0: the flood of high-tech goods that will change the world
https://www.ft.com/content/7d51a630-a3de-4cc7-9f5f-0f3e7f0d305a
4 comments
Well, so far as the governments get VAT from the manufacturers, they are getting a return on their investments. They are more like mutualizing the companies than subsidizing them, that is the successful or mature ones are getting taxed to help the nascent ones.
I recently picked up a Bambu P2S (3d printer) after seeing rave reviews. I can confirm it lives up to the hype. Looking forward to a robot maid around the end of the decade.
China's unofficial policy is to allow and tolerant competition within the sector -- and their economics model encourages the creation of a lot of companies in the same sectors too.