This is a great summary of the true number one economy, and it demonstrates China's superior expertise with systems. One aspect people fail to address is the energy based economic system China is using verses the West's cheap labor based system. China doesn't have the labor constraint of the West. It means China doesn't need the endless wars to supply the cheap labor. The energy efficient Chinese system is superior to the West. Furthermore, it gives China greater resources to focus on energy generation with human capital investments, R&D, and infrastructure investments. Energy is endless. It's just in different form. China is turning these different energy into electricity and work.
It could make sense for US chipmakers - and other companies with huge China revenues - to relocate their headquarters there. Texas Instruments is probably the only chipmaker with the majority of customers (automakers) in the US.
Thank you. Very useful overview.
Keep up the good work.
This is a great summary of the true number one economy, and it demonstrates China's superior expertise with systems. One aspect people fail to address is the energy based economic system China is using verses the West's cheap labor based system. China doesn't have the labor constraint of the West. It means China doesn't need the endless wars to supply the cheap labor. The energy efficient Chinese system is superior to the West. Furthermore, it gives China greater resources to focus on energy generation with human capital investments, R&D, and infrastructure investments. Energy is endless. It's just in different form. China is turning these different energy into electricity and work.
It could make sense for US chipmakers - and other companies with huge China revenues - to relocate their headquarters there. Texas Instruments is probably the only chipmaker with the majority of customers (automakers) in the US.