Comment by SoftTalker
16 hours ago
The US did this with automobile and steel industries concentrated around the Great Lakes. It's not some kind of profound insight on the part of the Chinese.
The downside is that it decimates entire regions if/when the demand for what they produce drops.
Yes, it has its risk, but that isn’t why the US or Europe don’t cluster industry to create higher efficiency. The risk can be mitigated. The political willingness and ability to do it deliberately just isn’t there.