How is China the leader of the world in high speed trains? They're all based off of designs from Japan and Germany.
China is only the leader in consumer software apps inside of China, and only then because it outright bans foreign competition.
The fact is China is the worlds most populous country but leads the world in absolutely nothing. And please be clear - this is not a criticism of the Chinese people - of course they have the capacity. But central planning and top down directives will never lead to world beating results.
What things does it manufacture or do better than anyone else?
#1 manufacturer is entirely due to a huge population and low costs - both advantages are disappearing.
What unique way forward does China have? Another 5 year plan?
Quite.
http://www.actualfunnypictures.com/wp/wp-content/uploads/201...
Population and low cost are the two biggest reasons China has overtaken the US. There's nothing miraculous about Chinas position in the global economy - it's a huge country. If anything, it still underperforms. Much smaller nations are producing passenger aircraft and automobiles used all over the world.
Average IQ is 105.
Which just goes to show you the disastrous effects of socialism, even though it's been curtailed. A high IQ nation with no wars - it should by all rights be a first world country like its eastern neighbours, or indeed - like its Special Administrative Regions.
My family on the other hand will continue to do business with them because they have a lot to bring to the table.
Why would my thoughts on the economic outlook huge nation of over a billion affect who I do business with? Why would I assume a Chinese business or individual has nothing to bring to the table? The fact I don't think I'll be taking international flights on a Chinese made jet any time soon doesn't really affect my view of things like business relationships.
> Much smaller nations are producing passenger aircraft and automobiles used all over the world.
China is the world's largest auto manufacturer. Vehicles are one of their top 10 exports. Please revisit my point above about educating yourself about what is really happening there.
Look at my other post. One of the startups I worked at moved out of China because of the cost got to high.
Its a cycle. As they become more open, more western and more regulated it will change again.
tchaffee 2 hours ago [-]
"Leads the world in absolutely nothing... #1 manufacturer in the world."
Which was correct. I think you got it wrong.
I think china struggles because it's only semi capitalist and still has too many relics of a planned economy.