Comments by "Doncarlo" (@doujinflip) on "Is China's 40-year experiment with the West over? | DW Business" video.

  1. Right, the Smiling Curve model deems Manufacturing as the most price-sensitive and most substitutable middle stage of the production process compared to R&D (i.e. valuable IP) in the beginning and Sales & Services at the end. This is why whole societies get stuck in the "middle income trap" when they fail to educate and innovate themselves into unique value propositions, and explains why China is so desperate for "high quality" growth.
    2