This is more like inefficiency in sheeps clothing. Being able to iterate that quickly and cheaply relies on spare capacity and people making salaries 10-25% of what Germans get.
>people making salaries 10-25% of what Germans get.
The likes of Huawei pay their engineers six figure salaries plus tonnes of perks. You're crazy if you think skilled Chinese engineers make only 15% of those in Germany. All their engineers would emigrate abroad if that were the case and they wouldn't be making domestic CPUs and AI accelerators.
Source?
8 years ago, a new unskilled factory worker in china made the equivalent of 700-800€ hourly, with free food and accommodation (this cause issues in rural areas but this isn't the subject).
I assume salaries have gone up soon since, but even if they stagnated, what's the entry-level pay for unskilled factory work in Germany? Just to be sure it's more than 21k.