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by CBarkleyU
785 days ago
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The West was greedy and saw a trillion dollar opportunity in welcoming China into the WTO in 2000 and gave China massive leeway (this is my opinion, and probably not a majority opinion). In my opinion (only speaking for Germany, as I follow mostly the politics here) nobody was very keen on asking questions and making demand when the Chinese were producing our shit for pennies on the dollar but buying our premium Mercedes Benz S Classes Long Lines (and similar high technology products) by the millions. Who would've thunk that the turntables would've, well turned... I'm not blaming China for this btw, they played their hand very well |
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But China started to make some high end stuff, such as Computers, and it did those so well that it could probably render US competitors irrelevant in the next a couple of decades. So all drama started.