Yeah I’m no fan of the CCP to put it mildly but they are doing great work when it comes to EVs and renewables as well from what I can tell. Good to call it out, would like to see some more competition from elsewhere but either way let’s hope the trend continues or accelerates.
Manufacturing labour costs were $8.31 per hour in China last year, compared with less than $3 in places such as India, Thailand and Vietnam. - The Economist
looks at Mexico
Anyway, manufacturing in China is a low-skill role that employs a huge proportion of the market. In terms of social/cultural value, its closest parallel in the US would be the retail services sector.
Yeah I’m no fan of the CCP to put it mildly but they are doing great work when it comes to EVs and renewables as well from what I can tell. Good to call it out, would like to see some more competition from elsewhere but either way let’s hope the trend continues or accelerates.
having a command economy controlled by a one-party state that can literally dictate “ok you’re eco friendly now” is pretty convenient
it’s just, y’know. the rest of the other imperialistic genocide bullshit…
They compete through lower worker protections / wages and environmental regulations than even the US.
Let’s not call exploitation “great work”.
looks at China
looks at Mexico
Anyway, manufacturing in China is a low-skill role that employs a huge proportion of the market. In terms of social/cultural value, its closest parallel in the US would be the retail services sector.