Click here to access article by Massoud Nayeri from Global Research. (This is an excellent followup of Michel Chossudovsky's article that I posted last Saturday.) (I noticed and corrected a glaring error at 7:52 AM CT on 7/12/2018--I thought I had corrected it before.)
The 45:54m video within this article focuses on the largest factory in the world called Eüfa located in China. The factory employs 17000 workers and covers .7 square miles. The video illustrates how China has become the factory of the world.
Initially the Chinese government invited Western corporations into under contract to construct parts and products using the designs of the corporations. They were able to entice these corporations with fabulous profits by using China's cheap labor force and thorough organization of labor. This illustrates the win-win principle (corporations enjoy huge profits and China acquires technological skills) advanced by Deng Xiaoping who took over China's Communist government in the late 1970s after Mao Tse-Tung died.
The next stages of this evolution saw China's engineers and technicians improving on the design of components, and later the whole product. Now frequently Western corporations simply make contracts with China's factories to produce products of China's design. While Western corporations enjoy huge profits, their labor forces often become deskilled. But capitalism is all about making profits for the owners, and there is little regard for the welfare of workers.
China has now achieved world status in most fields of technology in only decades, and at the same time China is said to have several hundred billionaires. Although China is theoretically under the control of the Communist Party, I wonder if the party can avoid being corrupted by so much wealth in the hands of a few.