[Opinion] There's a lot of activity in China's technology industry. But that doesn't equate to healthy or sustainable output. There’s echoes of the nation’s property sector
Yeah. That's a bit weird. I always thought 3D printers were best for prototyping, like CNC machines. But there may be a deeper story in there for me to dig out.
for consumers, it kind of feels like these are for hobbyists, to start
for businesses, prototyping - that's restricted to manufacturing?
for government, healthcare, defence, and education? e.g. 'generic' prosthetics for healthcare, cutting out the middlemen for generic military equipment, as a learning tool for vocational studies
Isn't this just a case of domestically produced goods taking share from exports? Take semis for example you're seeing increasing Chinese semi content in domestically consumed goods, so there's clearly demand for the new capacity, albeit I agree there's definitely some level of over-investment/capacity
Spurring growth is one goal but as is technological sovereignty, which is the main purpose of all the chip-related subsidies
This is a bad strategy when the goods from "new productive forces" have a much shorter shelf-life than things like steel or property. If an EV or a chip sits for a year in a market where people are swapping them out for the newest goods in 3 years, you're either taking a bath on those goods or not selling them at all.
nice one. would love to see more on 3d printers
Yeah. That's a bit weird. I always thought 3D printers were best for prototyping, like CNC machines. But there may be a deeper story in there for me to dig out.
Readers: any ideas welcome
You kinda already covered the evolution of printing in your HH investor day post 🤗
for consumers, it kind of feels like these are for hobbyists, to start
for businesses, prototyping - that's restricted to manufacturing?
for government, healthcare, defence, and education? e.g. 'generic' prosthetics for healthcare, cutting out the middlemen for generic military equipment, as a learning tool for vocational studies
What would it take for Chinese to ever become self-sustainable? Doesn't it need its own ASML.
Isn't this just a case of domestically produced goods taking share from exports? Take semis for example you're seeing increasing Chinese semi content in domestically consumed goods, so there's clearly demand for the new capacity, albeit I agree there's definitely some level of over-investment/capacity
Spurring growth is one goal but as is technological sovereignty, which is the main purpose of all the chip-related subsidies
All reasonable points.
But “build it and they will buy” is strategy that’s caused economic strife before.
This is a bad strategy when the goods from "new productive forces" have a much shorter shelf-life than things like steel or property. If an EV or a chip sits for a year in a market where people are swapping them out for the newest goods in 3 years, you're either taking a bath on those goods or not selling them at all.
💯