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"We are isolated from components.
They can economize by assembling one from components.
Often these goods are just assembled in poor countries from components made in high-wage countries — including the United States.
Built from components used in the advanced Sony compact camera, the HX50, there's a 20.7MP sensor.
The first turbines were cobbled together from components intended for ships.
In turn, companies like Lucent and Nortel assemble their systems from components and modules often bought from companies like JDS Uniphase.
Until recently, King had been using the garage to build a sports car called a K-1 Attack from components manufactured in the Czech Republic.
But officials in Hong Kong and Beijing are still working out whether a product qualifies if it is made partly from components imported to Hong Kong.
It could be assembled "using a screwdriver and hex wrenches from components that fit into a couple of large duffel bags and some cardboard boxes".
Licences granted in the past year include a wide range of hardware, from components for naval guns and drones to ammunition, submarines and combat aircraft parts.
The company has some debt but low fixed costs because it assembles trucks from components rather than manufacturing them from scratch, he added.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com