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And the irony is that China has moved far beyond copying Western technology. It’s now a global leader in research output, including fundamental research in materials science, chemistry, and physics. The West outsourced manufacturing, underestimated the transfer of expertise, and somehow assumed China would remain the world’s assembly line forever. That assumption aged spectacularly badly.
Which is extra ridiculous after having just gone through the same thing with (much smaller) Japan only a couple of decades prior and having domestic auto, heavy and precision machinery markets trounced.
Once they see a few dollar signs in the short term, all long term vision becomes blind.