He said it was under ฿1M Which is $30,000 US. I was shocked.
That’s what heavily state subsidised and controlled manufacturing will get you. Not saying it’s bad, but it is just the reason they’re so cheap compared to many other brands that are not subsidised as heavily from their government.
Probably analogous to command economy? Basically all industry is centrally planned, so it’s not company A decides it wants to make some widget and company b decides they want to use company A’s widget in their new product that they’ve independently decided to make. The government says we need <product> which needs <widget>, thus company A shall make <widget> and company B will use <widget> to make <product>.
This is by no means an accurate representation of the whole system or an opinion on either, but just to give a simple idea of the difference.
That’s what heavily state subsidised and controlled manufacturing will get you. Not saying it’s bad, but it is just the reason they’re so cheap compared to many other brands that are not subsidised as heavily from their government.
Are there many country governments that don’t subsidize their transportation industry?
Probably not, but not many (if any) do it to the extent of the chinese.
I heard about the heavy state subsidies from someone living there. Sounds good to me.
What does controlled manufacturing mean?
Probably analogous to command economy? Basically all industry is centrally planned, so it’s not company A decides it wants to make some widget and company b decides they want to use company A’s widget in their new product that they’ve independently decided to make. The government says we need <product> which needs <widget>, thus company A shall make <widget> and company B will use <widget> to make <product>.
This is by no means an accurate representation of the whole system or an opinion on either, but just to give a simple idea of the difference.
I see so vertical integration.
Thank you for taking the time to inform me.