> This is apples and oranges. You listed hard good sales - imports (even if actually manufactured in China in the case of Apple).
How much do you think China makes on an iPhone? Most of the pricey parts are imported into China and just because the assembly happens in China doesn’t truth make it “made” in China.
Even if you take lower margin brands like KFC, the US interests essentially rent-seek on that brand usage.
You have to also understand that China is the economic underdog. In order to rise out of poverty they have to have some form of protectionist policies (which are not unique to China, as Japan also has heavy protectionist policies despite an already strong economy) or they’d be trampled by established foreign multinational giants.
One country is a well to-do suburban college educated kid and the other is a poor high school dropout from the inner city. Their competition in the market would not be “fair” as their starting points would be unequal.
That being said protectionist policies aren’t all good. They are a tradeoff that they chose to make and why they ended up with defective domestically produced infant baby formula, crappier internet search engines (which lead to wechat dominance), etc, whole local companies played slow catch up.
How much do you think China makes on an iPhone? Most of the pricey parts are imported into China and just because the assembly happens in China doesn’t truth make it “made” in China.
Even if you take lower margin brands like KFC, the US interests essentially rent-seek on that brand usage.
You have to also understand that China is the economic underdog. In order to rise out of poverty they have to have some form of protectionist policies (which are not unique to China, as Japan also has heavy protectionist policies despite an already strong economy) or they’d be trampled by established foreign multinational giants.
One country is a well to-do suburban college educated kid and the other is a poor high school dropout from the inner city. Their competition in the market would not be “fair” as their starting points would be unequal.
That being said protectionist policies aren’t all good. They are a tradeoff that they chose to make and why they ended up with defective domestically produced infant baby formula, crappier internet search engines (which lead to wechat dominance), etc, whole local companies played slow catch up.