this post was submitted on 29 Jan 2025
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Welcome, new industry heads. That's how it works. China takes a car, picks it apart and builds a cheaper car. That's what they've been doing for decades now.
With zero investment in innovation. They just wait and steal the work. Easy to undercut American companies when you have no R&D costs.
I guess, but very often private innovation builds upon a bunch of fundamental research funded by the tax payer. Then the private sector patents it, and brings it to market, overcharges and earns billions. Tough luck if China gets better at this game.