(cont)
Today’s news should serve as yet another reminder of how China does business as Beijing continues to play the same Duopoly strategy, pitting one firm against the other, exchanging market share for core technologies: Boeing vs Airbus, GSM Nokia vs. CDMA Qualcomm, and now Intel vs. AMD. Eventually China will displace all above firms, at least in China(it will take several decades) and be the dominant low-cost producer in cutting edge technology.....end
Very succinctly put.
My cousin went on a trade junket to China and sat down with a major entrepreneur over there.
This gent was quite candid. He said, “Look, China is a market all by itself - 1/5th of the population of earth. What the west does not understand is that it is a market only for the Chinese. What market share we obtain from the rest of the world is essentially profit. We are not open for business, in so much as we prefer to buy Chinese goods from Chinese companies.”