Re:AI is killing the cheap smartphone
by nerdsniper on Friday May 22, 2026 @03:12PM
(#48240136)
> CXMT is a company with heavy state backing and control that started its current trajectory years and years ago. It has infinity money and isn’t allowed to go bankrupt.
This also describes the U.S.A. steel industry. "Heavy state backing" and "not allowed to go bankrupt" often result in particularly terribly-performing industries. If anything, it's notable that China seems to buck that particular trend.
This also describes the U.S.A. steel industry. "Heavy state backing" and "not allowed to go bankrupt" often result in particularly terribly-performing industries. If anything, it's notable that China seems to buck that particular trend.