Comment Re:Puppetmaster is hidden (Score 1) 45
Another thing is China kind of "herds" factory workers in a way the US cannot. For example, they limit housing options near factory towns so the space can be dedicated to factories, large-scale NIMBY-ism. If a company folds, workers' temporary mini-housing makes it logistically easier to move to a new town, but it's hard on families.
Thus, biz owners have a kind of de-facto slave class that's relatively easy to shift around as needed.
This is also a form of subsidizing industry. China has managed to combine capitalism and communism in ways that give it an advantage, or at least keep it a manufacturing superpower.