Can you explain? I’m not really good at catching the subtleties of language through text.
IMO the commenter is not at all close to getting it because the Canadian firm would have patented their innovation and produced it in a country that has the kind of IP laws they expect, so their innovation would have reaped a great reward instead of getting copied and put them out of business.
Em adespotom here is implying that the company had to go to China to complete with other Canadian companies in the same business and that China is somehow to blame for this.
But the thing is, if the conditions of the CANADIAN market force Canadian companies to go to China to be competitive, then it’s not really China’s fault now is it?!
Just drop the china bad brainrot and you’ll be onto something.
The peoples who say that there is slave labor in china, let alone that it is commonly used by corporations there have never provided evidences of such a thing as far as I am aware. If you think there is slave labor in china you need to prove that.
As for the lack of environnemental regulations, I don’t know chinese law enouth to deny it with full confidence but given the tremendous governmental effort in green tech that has made them wold leader in renewable, electric cars and more I find that unlikely to be the case.
The explaination is more simply that chinese labor is way cheaper than western labor while at the same time way more industialized than other places with cheap labor like india and has also fully or almost fully integrated supply chains that make production as a whole cheaper.
As for IP law, again I don’t know enought of chinese law to say exactly how it works but they have indeed no reason to follow western IP laws.
What are you even going on about there. Workers in China have seen incredible gains the like of which aren’t seen anywhere else in the world. Slave labor indeed…
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
In that era, someone else in the telecoms business would have gone to China for production to compete with Nortel.
Results likely wouldn’t have been all that different.
You are so close to getting it
Can you explain? I’m not really good at catching the subtleties of language through text.
IMO the commenter is not at all close to getting it because the Canadian firm would have patented their innovation and produced it in a country that has the kind of IP laws they expect, so their innovation would have reaped a great reward instead of getting copied and put them out of business.
Em adespotom here is implying that the company had to go to China to complete with other Canadian companies in the same business and that China is somehow to blame for this.
But the thing is, if the conditions of the CANADIAN market force Canadian companies to go to China to be competitive, then it’s not really China’s fault now is it?!
Removed by mod
Just drop the china bad brainrot and you’ll be onto something.
The peoples who say that there is slave labor in china, let alone that it is commonly used by corporations there have never provided evidences of such a thing as far as I am aware. If you think there is slave labor in china you need to prove that.
As for the lack of environnemental regulations, I don’t know chinese law enouth to deny it with full confidence but given the tremendous governmental effort in green tech that has made them wold leader in renewable, electric cars and more I find that unlikely to be the case.
The explaination is more simply that chinese labor is way cheaper than western labor while at the same time way more industialized than other places with cheap labor like india and has also fully or almost fully integrated supply chains that make production as a whole cheaper.
As for IP law, again I don’t know enought of chinese law to say exactly how it works but they have indeed no reason to follow western IP laws.
What are you even going on about there. Workers in China have seen incredible gains the like of which aren’t seen anywhere else in the world. Slave labor indeed…
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&locations=CN&start=2008
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience