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by fancl20
900 days ago
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This happened a lot in other industries if not every, like IEM (Chi-fi), PC gaming handheld, mechanical keyboard, smartphone, 3d printer, solar pannel...At this point it feels a combination of abundant manufacturing know-how, strong entrepreneur culture, fast pace decision making, government policy, fierce market competition and all other reasons creates a synchronizing effect that always causes overcapacity + racing to bottom. Ironically Chinese government has quite a lot experience handling overcapacity, sometimes caused by them sometimes not :/ |
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