Trying to ignore China is like trying to ignore an Elephant in your living room.
China basically just produces stuff that used to be produced locally, only difference is that they do it a lot cheaper.
Trying to compete with China by becoming a low wage economy is self defeating.
The West still leads the world in innovation and quality, which is why Trump is complaining about the Chinese stealing American intellectual property and using it to manufacture cheap copies of American goods.
The only way to compete with the Chinese is with better ideas and quality products which people are prepared to pay more for.
Having said that, the Chinese seem to be getting the edge when it comes to 5 G and the like.
China basically just produces stuff that used to be produced locally, only difference is that they do it a lot cheaper.
Trying to compete with China by becoming a low wage economy is self defeating.
The West still leads the world in innovation and quality, which is why Trump is complaining about the Chinese stealing American intellectual property and using it to manufacture cheap copies of American goods.
The only way to compete with the Chinese is with better ideas and quality products which people are prepared to pay more for.
Having said that, the Chinese seem to be getting the edge when it comes to 5 G and the like.