Not sure if it is about regulations, companies are heavily regulated in their business scope and taxes (although taxes are low). It is more about internal competition maybe. Living in Shenzhen feels like a race to the bottom, involution[0] if you will. Unless you take part in the maelstrom, you are out. Practically this means to work 12 hours a day, 7 days a week for 200 dollars a month. How to compete against that?
