Nice outline of what is going on across the pond Michael.
Chinas ability to, you know, actually build things, is going to be the “killer app” here when compared to the US. The US has a lot of smart people, but if you cannot BUILD things, you will get left behind. See EVs and solar for example.
The prices and quality of new technology often follow experience curve effects. Chinas subsidization of demand and (potentially) falling population means immense demand.
More demand=more rapid iteration=lower prices. Chinese officials know this, most of them are engineers, after all.
The growth of Chinas domestic market is another enabler
Nice outline of what is going on across the pond Michael.
Chinas ability to, you know, actually build things, is going to be the “killer app” here when compared to the US. The US has a lot of smart people, but if you cannot BUILD things, you will get left behind. See EVs and solar for example.
The prices and quality of new technology often follow experience curve effects. Chinas subsidization of demand and (potentially) falling population means immense demand.
More demand=more rapid iteration=lower prices. Chinese officials know this, most of them are engineers, after all.