Ruchir Sharma on competitiveness in China vs. the U.S.

The difference in China is that in some way the market is more competitive than the U.S., that if you look at the various industries there, the concentration is a lot less, the competition is a lot more intense where the U.S. big companies tend to dominate across sectors, particularly tech.  So that is the irony there, which is not that great maybe for some investors who are looking for moats.

~ Ruchir Sharma, founder, Breakout Capital, "DeepSeek has shifted the perception on China's tech prowess," CNBC, February 26, 2025