Domestically, we often put it this way: since it wasn’t made by God, we can definitely make it ourselves. It’s only a matter of time — if not this year, then next year; if we can’t do it next year, we’ll just keep going. This is how we approach everything. There is a small caveat, though. China was not actually that far behind in the semiconductor field in the past. The problem was that corruption and fraudulent proj…
> Domestically, we often put it this way: since it wasn’t made by God, we can definitely make it ourselves. It’s only a matter of time — if not this year, then next year; if we can’t do it next year, we’ll just keep going. This is how we approach everything. That's how everyone who industrialized/advanced approaches everything. China isn't the only country with the "can do" or "if you can do it, we can do it" attitud…
Ignoring the practical reality that you need resources, capacity, good planning, and so on to actually do something. I understood OP as saying the mindset in China is that they want to do it all. They are willing to invest even in things that would have poor ROI, if they can come into an industry and undercut by taking a smaller margin they will.
If so, that is a difference in attitude. In the west, we are only interested in returns that beat our alternatives. Capital is divested based on maximizing return on investment. This is why we even allowed many industries in the first place to move to China and we exited those segments domestically.