Keyu Jin

It's not necessarily black and white.

You can have all these things at the same time.

In China, the speed is just awe-inspiring.

You have a good idea, you implement it, you realize your dream very fast because there's also the support system, right?

The infrastructure there, the digital infrastructure there, the engineers are there, the talent is there, and they're cheap.

And the market competition is there to keep you going.

The consumers give you a very, very fast feedback.

Look at Xiaomi.

It was making phones, and now it makes one of the world's best EVs.

270,000 cars sold in one day a few days ago with a new model.

They were phone makers.

Wow.

So there's an advantage to that, okay?

But I would not feel safe.

Not because of danger of expropriation or anything like that, but the bankruptcy laws are not there, right?

It's not necessarily always fair competition.

Things don't happen necessarily in an orderly manner.

If you have a competitor, you can have a very evil competitor and evil competitors are there everywhere in China.

They would, you know, call the police on you, put you in jail, spread false rumors about you.

Maybe that happens also in the U.S., but there's a different level in China.