Part 8/14:
The story of America's innovation cycle is one of paradoxes. The nation invents new technologies—solar power, advanced materials, or batteries—but often cedes the production and scaling to China, which has become the manufacturing superpower of the 21st century. Chinese firms now produce high-quality goods, compete fiercely on the global stage, and threaten traditional Western leadership in numerous industries.
Trade data supports this concern, showing declining exports from Europe and the U.S., especially in automotive sectors overtaken by Chinese automakers. The U.S., despite its innovation capacity, has not fully exploited or protected its manufacturing base, leaving it vulnerable to future shocks, notably from China.