There are a few details that are left out. I worked for Elon and he was really negative about China and positive about Taiwan until he started exporting teslas to China and then began producing in the PRC. It's really difficult to export autos to China if you are not also producing product lines there. Once you are deep in China, you rea…

Noah, as usual, great article. One thing that also hinders China is that the PRC has no effective bankruptcy regime. Thus, these zombie companies and real estate companies have no incentive to get rid of their unproductive assets and the banks have trouble making that happen. The govt has little interest in helping because if they do, it…