Kewalramani: China's Joint-Venture Strategy Systematically Displaced Foreign Market Leaders
Manoj Kewalramani · China Expert: “India Must Copy This From China To Stay Ahead!” Manoj Kewalramani | Neon Show · Aug 9, 2024 · at 40:05
China expert Manoj Kewalramani analyzes how Chinese industrial policy utilized joint ventures to achieve technological parity and outcompete foreign multinational corporations.
0:00 / 0:28exact quote · 28.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Likewise, the companies that came in with joint ventures sooner or later, their joint venture partners Got the skills, understood the technology, understood the processes, and broke away, and then were preferred by local governments for their subsidies and their support systems. So then they became competitors of their former partners, and they then eroded the market share of their former partners, and now they're globally competitive. So you've seen, you know, government systematically do this, which I think is really smart policy.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Manoj Kewalramani
Western Narratives Overlooked Chinese Factory Workers' Upward Mobility, Says Kewalramani
“While sitting in San Francisco you know, you might have felt like, oh my God, this is a sweatshop for that person. It was upward social mobility. And as much as they may not be happy with that existence, it meant that their life was improving.”
China's Single-Party State Still Faces Internal Politics And Pushback, Says Kewalramani
“Often, you know, when we discuss India and China, people say India has too much democracy and too much politics, and China functions better because China does not have politics, right? It's a single party state, central control. That's not true. It is a single…”
BYD Outgrew Tesla Because China Systematically Prioritized Domestic Firms, Says Kewalramani
“Although Tesla has a massive factory in Shanghai, but the approach is that we will support our companies, and that's why BYD today is much, much bigger than Tesla.”
Kewalramani: India should not copy China's broad industrial policy
“Instead what we seem to be learning from China is industrial policy is good. And I don't think that is necessarily what India should be learning. You know, yes, in some cases we need to have industrial policy, but not across the board. We don't have the money …”
Kewalramani: India must restrict PLI schemes to strategic sectors
“Instead you use state capital on what you see as strategically important domains, semiconductors, strategically important. You need certain kinds of dependencies to go. There may be others. There may be critical minerals where you support. You don't need to do…”
China Grew Fastest Through Decentralized Regional Experimentation, Argues Kewalramani
“China grew at its best when it allowed people to experiment. So there was no one China model. There were multiple China models. Every province, every city could experiment under the broad goal that we need to expand GDP growth. And the best outcomes were then …”