Re: How about Apple's apparent deflation? The surgence of "cloud"?
"Who'd buy a Chinese car if they even knew a brand?" Exactly. People know little and inquire little, when cheaper products are on offer, and when they imagine they're employers will capture some huge piece of the Chinese retail market. They don't even know the other side of the thing.
And so, Europeans are buying those Volvo Car products they've known so well for years. And yet almost all Volvo cars are now manufactured in China buy Chinese owners, using Kuka (had been German) industrial robots...which robots will in fact be manufactured in China not Germany once the 2023 contractual freeze expires. They've already, shock of shocks, built the new Kuka factory in China. They just aren't allowed to operate it yet. Where will the IP go in 2023? To China, of course.
The Volvo cars are shipped by train complete to some eastern european markets, while most others are shipped in containers as complete car kits, for assembly in the EU. The trains arrive at the Chinese-controlled post in Duisberg, the largest inland port in the world. The train traffic had been "clothing and toys from China, German cars back to China." Well, that pleased Germans until the Volvos started arriving.
Now Chinese investors (who swear independence of the CCP when abroad, but plead Party loyalty when in China) now control 10+8% of Daimler (Mercedes), have become the largest single shareholder of Deutsche bank, own Germany's largest and best industrial robot manufacturer, Kuka, so why not add Huawei to the mix: 5G network code has been vetted by GCHQ? Oh, are the code and chipsets static over the life of the system? No. China has Germany over a barrel. It's either breakup time or surrender time.