Comments by "Good Citizen" (@GoodCitizen-gm1tl) on "ShanghaiEye魔都眼"
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Gree invested 6.2 billion yuan in R&D per year and Midea invested even more in R&D, at 13 billion yuan a year. Meanwhile Chigo invested only 100 million a year and was facing insolvency due to poor sales as Gree and Midea ruled the Chinese market. China exports a worshipping amount of 60 million AC units a year.
The printer market used to be monopolized by Japan and America, now China started to rise in the printer market as well. Pantum, a printer brand from China with its own technological patent portfolio (printer is actually highly tech intensive and with overwhelming patent barriers set up by early players from Japan and America, it's very very difficult to develop new tech bypassing such barriers, even Samsung gave up its printer businesses due to the existing tech barriers but China's Pantum succeeded to break through them), is quietly growing in presence at the printer markets in more and more countries.
If you look at the patent filing landscape of the world today, China is filing nearly 50% of the world's patents each year! (you can check the official data from WIPO). I think it is not surprising as China is now leading science research in all fields except medical science where the US is still leading and China comes at the second place with significant gaps with the US. According to the Nature Index 2024, released by the science journal Nature a few days ago, in overall science research, *7 out of the top 10 institutions in the world come from China, including the first runner, the Chinese Academy of Science*, however in the specific field of medical science, the US is still far ahead and China comes at the distant second place (the medical science is also the only field that the US is still ahead China).
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@yours_sincerely48 depends on specific products, you cannot generalize because there is no single rule. Chinese products today are certainly different from Chinese products 10 years ago and completely different from Chinese products 20 years ago, no matter in overall quality, in industrial value chain or in technological advancement. 20 years ago, China exported garments and shoes, toys and something like that, but ten years ago it exported smartphones, PCs, screen panels, telecom equipments, heavy machinaries.... in addition to garments, shoes, toys and others. Today, China is exporting EV cars, solar panels, telecom equipments, heavy machinaries, chips, PCs, every type of electronics, medical devices and equipments, high speed rails, airplanes in addition to garments, shoes, toys and others (these industries still exist).
In fact, the "Made In China 2025" Plan, which was an ambitious and far-reaching industrial upgrade plan made by the Chinese govt back in 2015 and directly angered the West into the trade war and tech war with China since 2018, has been well-achieved for a large part, with over 86% of the industrial goals accomplished as of April 2024, as per Hong Kong media SCMP and Singapore media CNA reports a few weeks ago. I believe, there is no doubt that the "Made In China 2025" Plan can be achieved 90-95% by the end of 2025, with only the 70%-of-chips-being-domestic goal unable to be fulfilled.
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