[alexgieg]

Chinese planning revolves around mastering a technology no matter the cost, then monopolozing the global market no matter the cost, then bankrupting existing foreigner competitors or entirely preventing them from arising in the first place no matter the cost, to only then caring about costs and to start profiting from it all.

[mentalgear]

Sounds like SV VC culture.

[seanmcdirmid]

Chinese strategy of monopolizing markets via low prices is strange, it has no moat, they win simply because they provide the best value. I mean, its great for us, I’m all for it, but it doesn’t have an end game where they can actually ever set prices.

[ethbr1]

They win because it leverages their strategic asset: a vast labor pool.

Right now they're trying to avoid the other side of that coin (low value trap) by integrating vertically.