Just check the comments here:
https://news.ycombinator.com/item?id=42942405
China boasts a complete industrial chain and the best logistics infrastructure. If you want to engage in industrial production, you can find the most suppliers here, who can provide you with the parts you need at the fastest speed and lowest logistics cost.
Not to mention the largest number of educated workers, who won't leave marijuana in the products you send to customers.
These are all factors that can actually reduce costs, which cannot be achieved solely by subsidies.
