1. Western companies moves production of components to China.
2. Chinese companies becomes good enough to produce their own products.
3. Western companies starts rebranding Chinese products.
4. Chinese companies buy western companies.
5. Chinese companies open factories in western countries.
Manufacturing isn't industry in itself and the growth of industry is orders of magnitude more in China. Most people just have no idea how supply chains work or how many R&D centers are opening up elsewhere. Many western countries are no longer great industrial economies but still far from real knowledge economies. Western countries don't really have the infrastructure, housing or education necessary and increasingly not alternative ways of competing either like creativity, influence or equality.
There is a documentary called "American Factory". It isn't the best but it is something.
1. Western companies moves production of components to China. 2. Chinese companies becomes good enough to produce their own products. 3. Western companies starts rebranding Chinese products. 4. Chinese companies buy western companies. 5. Chinese companies open factories in western countries.
Manufacturing isn't industry in itself and the growth of industry is orders of magnitude more in China. Most people just have no idea how supply chains work or how many R&D centers are opening up elsewhere. Many western countries are no longer great industrial economies but still far from real knowledge economies. Western countries don't really have the infrastructure, housing or education necessary and increasingly not alternative ways of competing either like creativity, influence or equality.
There is a documentary called "American Factory". It isn't the best but it is something.