Earlier quoted context omitted.
Being from india, i have come to the opposite conclusion. Chinese protectionism (aided by the language barrier) has served chinese entrepreneurs quite well. They have their own google. Their own fb. Their own twitter. Basically all services that India doesnt have. The list goes on. These services may or may not be inferior to the original but from an economic standpoint, its good since the money and data flows within…
Served Chinese entrepreneurs but that isn't the same thing as served the Chinese people. For instance, at the time when Google was kicked out of China essentially leaving their market a Baidu monopoly, Baidu lacked many useful features of Google especially if you wanted to search for non-Chinese websites (e.g. if you were a scientist wanting to do international research). The PRC didn't care. Having a pliable and con…
But in long term i dont know. I am no econmist but If all your stuff is made abroad and little is made locally how will consumers find money to pay for the imported goods?