Thread by @kamilkazani

Not quite. The key thing understand about the UK is that it is a low capability & high capacity country. It produces very cool and often unique stuff. It may be even monopolist in some very important high end sectors. It is just that these sectors tend to be quantitatively small

Consider the following. The UK is an extremely important producer of the higher end measurement systems, including for the Russian military industry. It would not be too much of an exaggeration to say that the UK is a monopolist producer

But it is a monopolist in a small niche

The market of higher end measurement systems for the military/dual use industry (UK 💪) is small

The market of lower end, "dumb" powerful lasers for civilian manufacturing, shipbuilding, construction, etc (China 💪) is huge

Some market niches are just way larger than others

Contrary to the popular opinion, China does not "produce everything", nor will it "produce everything" in the foreseeable future. It dominates large markets -> lower trophic levels of the manufacturing chain. See:

kamilkazani.substack.com/p/the-manufact…