Over the years we have witnessed Chinese products take the market over by a storm. Some western countries resisted it and are still resisting it.
Due to this Chinese mass production market , we have felt many things become more accessible for us but at the same time , we have felt a decrease in quality and life of products ..
What do you guys think? is China a good thing that happened to the business entities across the world or has it caused irreversible damage?
Re: China's market take over strategy ..
They only sell poor quality products to 3rd world countries!
Re: China's market take over strategy ..
A big reason why China's economy has slowed down recently is because of the drop in demand for chinese exports. China is very dependent on export economy and its beginning to hurt them now. What you see now is China going into places like Africa and even Pakistan, setting up shop and building infrastructure - so they have switched from exporting products to exporting services. In Africa there is mutual gain, Africa gets their infrastructure built but china also extracts natural resources to feed growing chinese demand. Its a win win situation.
I disagree with thier internal economic policy thats caused such a big economic disparity in areas of China. But thats another topic