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It's a very large population in China and they do make some quality products but I'm sure their product target range is large volume low end products otherwise you start to compete with Western world prices.well China might 'make cheap ' now
but i went back and studied post WW2 Germany and Japan , both 'made cheap' for quite a while but as time wore on they made better and better quality stuff ( in slightly lesser quantities ) , i suspect China will follow the same path , less output but higher quality/higher selling price and leave 'the cheap end' to South-East Asia
Surely they have learned from Japan and the past of Taiwan's production of cheap goods other than electrical components. If you price yourself out of the market where are you going to be in 10 years time.
How sustainable would the manufacturing of top tier products be for them?
At this stage in time, I think they need our exports just as much as we need their cheap Chinese appliances, I think their business model is to stay cheap and that's why they want cheap minerals. Russians aren't going to buy their manufactured goods in large proportions, so it's going to fall back onto Western world consumption.