Comment by refurb
20 days ago
China tries to steal IP, but otherwise has a functioning IP system including for drugs Chinese companies make.
And China’s growth is about 5% in 2025, which isn’t close in the least to the fastest (Vietnam at 17%).
And China has medications because of other countries with IP (mostly Europe and US). So if the US gets rid of IP, the. A very large part of new drugs won’t happen.
I don't care about the numbers, I care about the growth. They went from zero to high speed trains linking all major cities in a decade. They went from manufacturing cheap slop knockoffs of American products to top–of–the–line locally–designed products in about the same time. They make their own semiconductors now.
I care about the absolute level of development, not the change.
The fact that China wasted decades on a failed economic ideology explains why they were so undeveloped up until the 1980's.
If anything, China is simply catching up (in some ways) to developed countries. While certainly admirable, achieving what has already been done in other places isn't that impressive.