Earlier quoted context omitted.
They made their domestic steel industry ‘flourish’ by getting every peasant to make their own steel mills too, and mostly crashed their economies. When things line up and the decisions are decent, top down can be really good. When the decisions are bad, it is exceptionally dramatic failures too. Tofu dregs, etc. Right now, no one has to liquidate so it’s easy to hide the damage though.
You are way behind about China. That was 60s about 60 years ago! Today China is robots. China has way more robots than Japan America and EU all add up together! Their factories run by robots not slaves. You should consider visiting Shenzhen and see for yourself. Or if you are lucky can ask your Chinese friends to register you WeChat and Baidu account and create China version of Rednote XiaoHongShu. That place has unc…
Re: Xiaomi MiMo Token Plan is Now Globally Available
#61She doth protest too much.