Comment Problems (Score 5, Interesting) 57
I have an acquaintance heavily involved in manufacturing in the US. He has started, run, and acquired multiple factories. He puts the difference between the US and China this way.
The Chinese government determines that battery manufacturing is important to their overall industrial plan. Within a year to a year and a half, a dozen or so battery factories are opened.
In the US, if a company wants to open a battery factory, the permitting process alone takes a year, to up to two or three, depending on the location. He's had permits to reopen existing factories take two to three years to be approved.