Environmental policy was a big one. China took a hard pivot in the '00s, cutting emissions, advancing alternative energy, reforesting deserts, rapidly advancing HSR, building enormous wild life refugees.
Their insourcing of processors was another. Going from Taiwan’s biggest customer to it’s biggest competitor in a decade and change.
Then there was the housing boom - remember “Chinese Ghost Towns”? All over the news in the early '10s. Now China has more homeowners than any other county on Earth with more than 90% of households owning at least one property.
Environmental policy was a big one. China took a hard pivot in the '00s, cutting emissions, advancing alternative energy, reforesting deserts, rapidly advancing HSR, building enormous wild life refugees.
Their insourcing of processors was another. Going from Taiwan’s biggest customer to it’s biggest competitor in a decade and change.
Then there was the housing boom - remember “Chinese Ghost Towns”? All over the news in the early '10s. Now China has more homeowners than any other county on Earth with more than 90% of households owning at least one property.