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by ta12653421
224 days ago
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this is what most WEIRD people do not understand: (Western-Educated-Industrial-Rich-Democratic) - by today it looks like that the Chinese system may proof to be more "performant" on most/several (all?) levels. Its hard to accept for libertarian minds, i guess. Once here on HN someone wrote like: "democratic systems seems to be too slow to adapt in world changing at our current speed". China did some vey wise decisions from their perspective; think about this joint-venture thingy that foreign companies need to have a JV partner which always holds at least 50.1% - very clever! Why did no western state do this? Its one of the by far smartest decision that you could do. |
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Now people claim they stole their IPs through JVs and that's why they are good at making EVs, this theory doesn't add up.
Also, what China offered is a vast untapped market, no one forced these companies to go to China to set up JVs and start picking up gold down the street, this was way before WTO and China was not at all obligated to open it's market, let alone for free.
Now ask one question, what the EU has to offer to "force" China to set up JVs? Guaranteed billion dollars profit?
EU car market is crowded and full of incumbents, Chinese cars represent a low single digit market share despite the weekly "China is taking over the EU car market" news article.