I was back in China last week.
The economic miracle of China is well know but many people still think it was, and is, built on cheap labour and ‘copycat’ products.
These people have never been too a modern Chinese gigafactory – lots of automation, just in time manufacturing, good use of AI – all backed up with solid, efficient supply chains.
Just like the Japanese a few generations ago, the Chinese have taken the best of the West, reviewed and refined it, and employed their improved version to dominating economic impact.
Underestimate Chinese manufacturing at your peril!