Except China has advantages in supply chain integration and way cheaper labor that's kept artificially low by it's government playing games with it's currency exchange rate.
Translation: our workers are paid better, our companies follow relatively strict environmental law (or used to) and our government hasn't helped spy on other countries' technology advancements and given it to private industry to beat the other guys.
Except China has advantages in supply chain integration and way cheaper labor that's kept artificially low by it's government playing games with it's currency exchange rate.
Translation: our workers are paid better, our companies follow relatively strict environmental law (or used to) and our government hasn't helped spy on other countries' technology advancements and given it to private industry to beat the other guys.
That's a pretty steep advantage to China.