Thread by @ruima

China wants to be a manufacturing-based superpower, not a financialized one (like the US).

Very few understand this.
(Which is bizarre, since it's all the gov't talks about.)

Really weird that people can be triggered by this, this is just a fact that this is China's strategy, you can disagree if you want, but if stating this fact bothers you, then you have some problems engaging with reality.

Today I learned that people love it when you tell them that the sky is blue.

Machine translation of a speech made earlier this year by the chief economist Chen Li at Soochow Securities that is going viral (again) & original of which was shared below.
“We have abandoned the American path for the German path.”

I’m gonna stop commenting on this thread for a bit and go write for our China tech community at @techbuzzchina insider now, smarties welcome, but only if you’re nice too:
techbuzzchina.com/insider

OK I'm back. I understand why some confused now!

To Americans*, manufacturing = low value / jobs added.
To China, it = supply chain integrity, a more resilient economy, long term strength.**

*In fact, most Chinese commentary point out that EVEN the US wants to RE industrialize!

**I don't even have to resort to semis or other chokepoint tech to know this is true. You can learn design and branding etc fairly quickly, just look at new Chinese CPG. But you cannot just uproot entire manufacturing hubs so easily, and a lot of mfg is still process knowledge.

I don't think China has it all figured out, but refusing to engage a different perspective and instead just reducing all CCP actions to "control" or worse, "idiocy," is actually SELF-sabotage. So yea, I actually question the loyalties of those who purposefully misinform re China.