If company A spends millions on research and development to produce a product, and sells it for a 20% margin to attempt to recoup its R&D and make a profit, and a Chinese company is like “oh cool, let’s copy it, sell it at half the price, but we get a 90% margin cos we have access to all the cheap labour and resources with no R&D overhead” the problem isn’t not being able to be competitive at 46% market share.