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by daemin
3121 days ago
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Yes you could argue that China is paying a higher cost now, but their goal is to protect and nurture their own industries so that those industries can dominate the world later on. It's like South Korea in the 1960's and later from what I've read. The government invested and subsidised (i.e. protected) their young growing industries so that they could grow to be competitive on the global market. The USA did likewise when it was young, with tariffs on imported goods, blatant copying of intellectual property, etc. |
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