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Comment by jacquesm | Hacker News Reader

Having the largest internal market which is still on the rise probably also helps, but China has enough problems that it may all come to nothing in the end.

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But after the trade war with Huawei and zte they don't really have a choice, do they?

A multi billion dollar company will not just lay down and die when its shut out from the open market, it will use its muscles to create its own.

Hisense is not the market leader, but they have done a significant leap in the last 5 years (Not all of it through legal means thought)

Agreed they don't have a choice, I'm just not so sure about the positive outcome. Xi has built a house of cards and has too much of a cult of personality to create a stable environment.

Wrt. this I don't Xi matters a lot. There is consensus in the broader Chinese leadership that China needs to move up the value chain to the point where it has leadership, and potential self-sufficiency, in all key industries and at the same time stimulate internal demand.

He's cemented his position as dictator-for-life, and also shown that he will actively interfere in publicly traded companies. That matters a hell of a lot.

Xi isn't going anywhere as long as he's got a pulse.

This is opposite of reality. House of cards (RE overinvestiment) of past leadership was inherited by Xi, who has been actively dismantling it for years, which he started early - RE square footage stagnated a few years after he started office. Meanwhile, almost every PRC strategic improvement that US is panicking over from PRC military modernization to MIC2025 to PRC moving up science/innovation, capturing higher value supply chains, PRC expanding trade influence was driven by Xi. He also inherited inertia from past efforts still it's been down to his guidance. Which is not to say he did "best" job, but good enough job that PRC strength on trend to grow under his trajectory, which we have 10+ years of data on.

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