I believe so..So far they managed to have their cake and eat it....Can't last forever.Yeah, they had this thing going on, the Great Proletarian Cultural Revolution. And, the guy in charge, Chairman Mao, he wasn’t all that keen on business. Then, this other guy takes over, Deng Xiaoping, about 1977-78, and for the next 20 years it’s off to the races.
We've still got a Toshiba Microwave oven from 1978 ( still works). I believe Giant make most cycle frames for various brands. My mates just bought one (mountain bike). My old one is a Specialized which I believe is also made by Giant. My new ones a Mondraker (proper dogs bollocks one) comes from Spain of all places ;-)No, you wouldn’t have seen China-made stuff in the UK in the 1970s. It would have been Japanese, Korean, Taiwanese, Hong Kong or somewhere else that is currently made in China by the same company. Like Giant bicycles, an excellent Taiwan brand, is made in China
Say what you like, China manufacturers a massive amount of low quality goods. The majority of which is inferior compared to European or Western goods. Its just price orientated stupidity that keeps their exports afloat. Certainly not the quality.
As an aside, DOR, you mentioned Jardines, would you say that Jardines is still a good career option nowadays?
Last edited by Toby; 25 Jan 17, at 21:18.
Despite our many rifts, I (and I believe many others here) would take his word on China's dynamics as accurate 99% of the time. Especially on economical issues.
Anyone here, but Andy (who is MIA), would need serious links to back their claims if they oppose DOR's views on China and their capabilities.
WRT the engineering part, I would take ANY Xiaomi smartphone over ANY Apple or Samsung with the same price. I would even take their $1.000 flagship over ANY Apple or Samsung product.
They might lack in metallurgy, but from what I gather they also close the gap pretty quickly.
No such thing as a good tax - Churchill
To make mistakes is human. To blame someone else for your mistake, is strategic.
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