Now some folks may say the fixed asset investment drop (which means lack of capex spending especially on machinery) as a red herring

They producing more cheaply because they are more skilled and more advanced.

Probably they have found the mythical 25th hour to operate their machines . So fuck you Toyota JIT and Germany efficiency

Yes and no

Some machines yes China already on par. Steel fabrication and steel machining industries in ASEAN have switched to China production lines running in parallel with older european ones. Some since covid because of the long wait for european machines.

But milling for high end product, nope no chance. You cannot beat European and Japanese milling machines. They're close but not close enough. Some industries you still these type of machines

And negative growth for capex investment is not good. Malaysia even during Covid records healthy imports of capex goods. If you dip it means some of your demand is gone liao.

Some hint that CCP is closing the tap.

but we need them to flood RAM and SSD market.