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by magicsmoke
2135 days ago
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I've read in a paper somewhere that a big part of why Chinese auto manufacturers aren't as successful as Japanese or Korean ones is because they're too tied to the local government to fail. Each province in China has their own local auto company connected to the provincial government, resulting in a lot of duplicated effort and inefficiency. Japan and Korea had a lot of indigenous auto makers when they first started as well, but they allowed the weaker ones to get bought out and cannibalized to build up the stronger ones. |
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