I don't see it that way. I don't live in the US and I don't attribute an undue amount of importance on the US. You misunderstood.
The key to effective and positive competition is to recognize one's strengths. The US, with its tighter environmental, labour and market regulations is not a place where cheaper products can be effectively made. Making products at different price segments is much more than just the hardware, for which suppliers charge a fixed price regardless of the country of assembly. The main differentiator is price of labour and costs of business. Xiaomi's business model has been to barely break even on the price of their goods (see Wikipedia for an excellent summary). That is a business model that is not competitive in the US, or Canada, or Australia, or New Zealand, or anywhere in the EU. That is a business model that is suitable for places where labour is extremely cheap and other costs (externalities) of business are also correspondingly low.
It is not about the US can't compete. There is nothing unique about China's technical advantages and mainly scales of manufacturing, the advantage is almost entirely socioeconomic (low labour prices) and environmental (lax regulations and rich supply of dirty minerals and metals). Unless the west like the US and the EU lowers their socioeconomic status to that of China, or India, there is just no practical way to lower product prices such that they can compete in the same segment. As far as I know, most people living in the west would not want that, and therefore, that route is not feasible.
Quote from: AlexS on January 16, 2021, 18:25:32
You both have a unreal sense of inflated importance. The world is multipolar not dependent on US.
And if you don't do stuff for common people something that Samsung is able to there is a great deal of influence - and feedback - lost. Basically means US capitalism is for the few while Korean and Chinese capitalism is for everyone. I have been noticing that more and more US companies frown up being on a market for the public and prefer to sell to governments and other companies...
Xiaomi is the 3rd smartphone seller in Europe, after Samsung 1st and Apple 2nd. Not even a competing company to Apple exist in US.