I never realised that China had such domination in other
areas besides EVs, high speed rail system construction, solar panels,
rare earths, car batteries among others, areas that the MSM talks about
almost daily.
TCL, a Chinese Company is a big player in the TV
manufacturing business, outperforming many other world-renowned Japanese
and Korean brands. Price is the factor for its rise, and it beats the
competition using the same modus operandi. That is what having a huge
industrial capacity can do, and TCL is not just any TV manufacturing
outfit producing only TVs. It also produces smartphones, communication
equipment, consumer appliances like air conditioners and consumer
electronics like laptops.
Lenovo, a Chinese computer giant is
also a big player in the laptop business, their 'ThinkPad' overwhelming
other Japanese well-known brands like Toshiba and Fujitsu and even USA
Dell. with pricing also playing a big part. Who would have thought this
was possible a decade or two ago. It was a sector that was untouchable
and dominated by USA and Japanese computer makers.
Now China,
from a nobody, is going to dominate the semiconductor sector as well,
and may even be a big player in lithography machine export. Necessity is
the mother of invention, and nowhere is this more apparent than in the
context of China.
As Boeing self-destruct, China's commercial
jet venture will also gain global acceptance and momentum eventually.
Will China also dominate global aviation is the question. If space
exploration and HSR technological advance is any indication of China's
ability, I would not bet against it. But you can be sure hurdles will be
placed in front of its jet business, like airworthiness certification.
Putting others down so that it can rise is the usual procedure adopted
in the West, not open competition based on merit.
Forget about
the argument that China is using State subsidies to help their
industries. It is an old argument, knowing that the USA had been doing
this for decades on end.
Anonymous
PS. 90% of the world's port cranes are from China. 90% of the world's solar panels are from China. 90% of the wind turbines are also from China.