China is going in the wrong direction. India is projected to be the number two economy before the end of the 2020's.
Like @Begbie00 said, the issue is not in the manufacturing, the issue is in the whole entire chain of process, pre-production all the way to post-production support and sales that's even more important that we are yet to see whether China can handle and handle well. China is full of smart people, there is no doubt about that but are those smart people able to support and help each other, that's the question that @Begbie00 and many others here are digressing and the presence of a paranoid dictatorial regime that chooses to prioritize ideology over everything certainly does not help.
LMAO 1/3 of Chinese are peasants living in squalor But yeah…I’m sure they’re building world class technology in their mud huts.
population doesn’t matter, there are smart folks and average folks, c’est la vie. if all the smart folks have to wait for the rest, nothing would’ve happened in civilization.
It's actually frightening how fast the Chinese are able to innovate and bring products to the markets. Like Tim Cook said, Apple didn't go to China to get the cheapest labor which was how the moniker "Made in China" used to connote poor quality, they went there to get the expertise. Today, the speed of knowledge spreads so fast through the internet, people all around the globe can get up to speed incredibly quickly on the latest innovations. The Chinese seem to have a leg up in turning those ideas into working products. Back in 2009 when I was at Citi as a tech developer, I remembered we had a team in Dailian. It was sometimes shocking at how quickly they could turn around code development. I told a colleague we would be out of job if the communication layer was better.
The US also shamefully tried (and still tries) to block China's space ambitions. Look what happened: China since then has made its own space station, went to the Moon and to Mars... Same will happen with its micro chip industry... No doubt about it!...
small price yo pay to see what’s inside. i am shorting asml via put and cash secured put, don’t like companies who get involved in politics, like micron.