The U.S. government should block the import of low-cost Chinese autos and parts from Mexico, a U.S. manufacturing advocacy group said on Friday, warning they could threaten the viability of American car companies.
The U.S. government should block the import of low-cost Chinese autos and parts from Mexico, a U.S. manufacturing advocacy group said on Friday, warning they could threaten the viability of American car companies.
Chinas economy is closer to a single party than communist. Their economy, while heavily steered by that single party and the government shares in ownership of production (socialism), is likely more capitalist than the US. If you can make it faster or cheaper then go for it. They don’t enforce IP rights that hand monopolies to big companies. There are not laws that lock in outdated business models via cronyism.
In the US, corporations control the government. In China, the government controls corporations.