The context of this discussion is can china transition to high value manufacturing, and I don't think it can because despite the worlds largest population, it still struggles to produce things smaller countries are capable of.
#1 manufacturer is entirely due to a huge population and low costs - both advantages are disappearing.
What unique way forward does China have? Another 5 year plan?
India has the 2nd largest population. By your reasoning, they should also be huge at manufacturing. It's not just China's population that enabled them to overtake the USA at manufacturing. Average IQ is 105. Underestimate if you'd like. My family on the other hand will continue to do business with them because they have a lot to bring to the table.
India has the 2nd largest population. By your reasoning, they should also be huge at manufacturing. It's not just China's population that enabled them to overtake the USA at manufacturing.
Population and low cost are the two biggest reasons China has overtaken the US. There's nothing miraculous about Chinas position in the global economy - it's a huge country. If anything, it still underperforms. Much smaller nations are producing passenger aircraft and automobiles used all over the world.
Average IQ is 105.
Which just goes to show you the disastrous effects of socialism, even though it's been curtailed. A high IQ nation with no wars - it should by all rights be a first world country like its eastern neighbours, or indeed - like its Special Administrative Regions.
My family on the other hand will continue to do business with them because they have a lot to bring to the table.
Why would my thoughts on the economic outlook huge nation of over a billion affect who I do business with? Why would I assume a Chinese business or individual has nothing to bring to the table? The fact I don't think I'll be taking international flights on a Chinese made jet any time soon doesn't really affect my view of things like business relationships.
You said China is #1 at nothing. It is #1 at one of the most important sectors in the world. So you backpedal and try to explain how they should actually be uber #1 because of population and other factors. Meanwhile, my family have years of experience doing business with China, including being employed by Chinese companies and dealing directly with the Chinese government. Without meaning to be disrespectful or mean, you should really be trying to educate yourself, not educate me. China has plenty of problems. The "problem" of not being able to manufacture their own ballpoint pen was just a matter of pride, not capability. It's not symptomatic of anything.
> Much smaller nations are producing passenger aircraft and automobiles used all over the world.
China is the world's largest auto manufacturer. Vehicles are one of their top 10 exports. Please revisit my point above about educating yourself about what is really happening there.
