Comment by riku_iki
8 hours ago
that's obvious that some country with 1.5B working people will have edge in some niches, and will demonstrate tremendous growth from the bottom where they were 20 years ago.
But for global picture, if we are comparing Western World: US+Canada+EU vs China in technological domination, the picture is likely not super-clear and more complex analysis is required. Even if we consider manufacturing output, where China is supposedly global leader, we see it is 5.5T for Western world vs 4.6T for China (according to my brief google searching).
>we see it is 5.5T for Western world vs 4.6T for China (according to my brief google searching).
I would bet the unit volume of manufacturing with those 4.6T is more than double that of 5.5T. And those 5.5T likely have some very high value, high margin leading edge equipment.
Not only is China catching up to those sectors, they are continuing their momentum to accelerate and expand in other low value market. They key here isn't to maximise profits, it is to maximise control.
If Trade is war, which is the fundamental of principle of what "Art of War" is about, then I dont see how the west could win this war without some very drastic changes.
> I would bet the unit volume of manufacturing with those 4.6T is more than double that of 5.5T. And those 5.5T likely have some very high value, high margin leading edge equipment.
sure, and what's your point? My opinion is that high margin leading edge equipment is more interesting direction than low cost low tech produce.