| ▲ | jandrese 7 hours ago | |
The weird thing is China is absolutely jam packed with small companies. Go to a trade show and you'll find dozens of companies selling basically the same products with minor variations. It's absolutely cutthroat. In the US we tend to see small companies get gobbled up by huge incumbents regularly, but in China the situation is much more in flux and it's not always obvious who the winners are going to be. It's the opposite of what you would expect from a command economy, at least in the tech and consumer product sectors. | ||
| ▲ | overfeed 6 hours ago | parent | next [-] | |
> It's absolutely cutthroat. Meanwhile in the land of the free, it's consolidation galore with very little competition. | ||
| ▲ | refurb 3 hours ago | parent | prev [-] | |
I think your perspective is biasing you. The US has a massive number of small and medium companies. For example small part machining there are dozens per city. 43% of US GDP is small and medium size business. That’s effectively 50% of China’s entire GDP. Sure China has more, but it also has 4x the population and an economy more focused on labor intensive industry. | ||