[bicepjai]

In 2016, China’s Midea Group acquired a majority stake (4.5B) in Germany’s KUKA, 4th largest robot manufacturer, NYT reported that was the beginning of Chinese industrial manufacturing autonomous robot expansion. Chinese figured out a way to defend their manufacturing position in the world even with their aging population. They have good plans that they try hard to see through. Opinion: Meanwhile, USA is losing its incumbent position because of poor execution on its good plans due to politics (poor management, recently 1.8B for rioters or something)