No one can beat China, even the US. Here's why:
1. Production Cost: iPhone assembly in China costs ~$6/unit vs. $30+ in the US. Tesla builds EVs in Shanghai 30% cheaper than in the US.
2. Labor & Scale: Average manufacturing wage in China is ~$3.5
India canโt beat China. Let us talk numbers.
China has 200 lakh CR tax revenue (5 times more than us)
China has 2.2 million R&D workers (2.5 times more than us)
China's R&D budget was 420,000 CR last year (21 times more than us)
China slashed 361
ChinaโUS Trade Talks
"Trade Truce on the Horizon? ๐จ๐ณ๐ค๐บ๐ธ China Hints at New Talks with the US!"
"Could this be the break we've been waiting for? Rumors of renewed trade talks are sending markets into a frenzy! Is this a game-changer or just ano
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News & updatesย โขย 22d
๐จ๐ณ๐จ๐ฆ China is now importing record amounts of Canadian oil after slashing US oil purchases by 90%.