[00:00] you've got certain cities that are known for electronics, This is because of the way that China When companies came to Shenzhen, [00:15] I think, the fastest growing city on the planet, This is because they initially invited a company in Apple, partner with a local contract manufacturer [00:30] And then because they needed all these other suppliers because they have a very tight, interconnected ecosystems. and let's suppose you're having a dinner party [00:44] or you could go to a supermarket That's why, you know, there's no place like China. they said, "Hey, I need to be ABC: Anywhere But China." [00:59] in Mexico, Vietnam, Indonesia, But a lot of these companies are now coming back to China the person who's doing the final assembly. [01:12] and being able to iterate quickly. products, machinery, regulations in the areas that they want to be at.