[familyop]

I don’t know if that’s true about consumer spending there, by the way, but China is ramping up domestic competition against foreign-owned (e.g., U.S.) factories on some items.

[Pontiac]

China is ramping up domestic competition against foreign-owned (e.g., U.S.) factories on some items.

China’s leaders must think that they have stolen enough western technology to take the risk.

[PapaBear3625]

I don’t know if that’s true about consumer spending there, by the way, but China is ramping up domestic competition against foreign-owned (e.g., U.S.) factories on some items.

That's the Chinese pattern:

1) Make the American company open a factory in China.

2) Steal all the know-how and intellectual property.

3) Open up a competing factory using what they stole.

4) Undercut the Americans, since they got the development costs for free.