| ▲ | poszlem 4 hours ago | ||||||||||||||||
This is a bit of a tangent, but it highlights exactly what people miss when talking about China taking over our industries. Right now, China has about 140 different car brands, roughly 100 of which are domestic. Compare that to Europe, where we have about 50 brands competing, or the US, which is essentially a walled garden with fewer than 40. That level of internal fierce competition is a massive reason why they are beating us so badly on cost-effectiveness and innovation. | |||||||||||||||||
| ▲ | tartoran 3 hours ago | parent | next [-] | ||||||||||||||||
It's the low cost of labor in addition to lack of environmental regulation that made China a success story. I'm sure the competition helps too but it's not main driver | |||||||||||||||||
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| ▲ | Gigachad 2 hours ago | parent | prev [-] | ||||||||||||||||
Consequence is they are now facing an issue of “cancer villages” where the soil and water are unbelievably poisonous in many places. | |||||||||||||||||
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