That was the case in the past but it’s not true anymore. China is just the best in a lot of sectors and also oftentimes the only one who can produce certain things. Here’s a video where someone tried to make a product in the US only, it explains a lot of that: https://youtu.be/3ZTGwcHQfLY
That was the case in the past but it’s not true anymore. China is just the best in a lot of sectors and also oftentimes the only one who can produce certain things. Here’s a video where someone tried to make a product in the US only, it explains a lot of that: https://youtu.be/3ZTGwcHQfLY
It’s still cheaper than the West. But now a lot more capable than Bangladesh. It’s middle-income, and middle-position.