It’s not just that, but yeah, some changes aren’t incentivized by quarterly profits. The Chinese government did help with planning and incentives to help manufacturers transition to new technology and to build out the supply chains they would need.

Now they’ve made the transition to new technology, established supply chains, scaled up, and have strong competition to keep progressing rapidly.

US government tried at various points, only to have progress thrown away by the next administration. So now we have protectionism. Consumers pay more while legacy manufacturers milk obsolete technology for a few more quarters of profit……. While losing any hope of competing globally