cross-posted from: https://lemmy.ml/post/17999198
Ekholm attributes Ericsson’s significant network market downturn on Chinese businesses.
So long as Chinese rivals keep selling low-priced goods, telecoms won’t be able to put much pressure on them.
Ain’t that called free market competition and all?
It’s more about China heavily subsidizing its tech industry, mainly to disrupt western innovations. Same thing is happening with Electrical Vehicles. Typical capitalist bait and switch.
That’s true, but it’s also true that China has prioritised to make automated factories and investing heavily in just plain better battery tech.
I know alot of the money came from the CCP, but when the investments are done, this new tech will outperform other companies on just being better (thinking of EV specifically).
I think I’m just saying that a state investing in tech and technologies is not a bad idea always.
