re: China Sprints Past Japan & Germany To Become World’s Top Car Exporter

They are like the Japanese. Initially, put it on assembly and copy what someone else made. Then they get creative and find a “new way” to get around the west technology. At that point the reliability factor creeps up and west has choice…..get better or die. A cycle that forced US auto engineers to become better.

China is opening a new power plant at the rate of one per week. Those power plants built at same construction rate as the west. Years in the process. China uses west technology and products because they have no manufacturing capability in that sector. ABB and others have years of experience with generators, transformers and switches.