I think your point regarding perceptions of the consumers really needs to be changed is valid. China needs to realize and advertise the efforts it makes towards quality improvements as the main hurdle in Chinese exports making their mark in the local and foreign markets is that the buyers are always unsure about problems they may face and are also disappointed about resale value. The first problem is severe and long lasting therefore image building is the only way out if China needs to survive in the competitive industry.
@Jacob--a great point that I missed entirely. China is all about promoting China. There are probably some western products that will be consumed no matter what, but as long as there is an alternative Chinese product, I think you are correct.
Good point - this will be a beneficial trend only to the extent that the Chinese government is willing to let foreign products compete in the marketplace. They have spent tha last couple of decades growing their production and manufacturing capabilities, and I am sure they will view it in their own best intesest to encourage and reward internal comsumption.
"As wages begin to rise in the region, companies will have to increasingly shift their focus toward selling to China's consumers in addition to employing them"
Barbara, I don't know how much this is feasible because Chinese governments are interested only in attracting FDI. They are not that much keen in promoting foreign goods or goods manufactured through any MNC in China. Instead of that they are promoting locally manufacturing goods, inorder to boost the internal market and Small/Medium Scale Manufactures.
I think China is the best place to launch a new product especially electronical items. Im saying this not considering only the population but they are very much risk takers who love to try out the things quickly than the others.
@Mr. Roques, i highly doubt that Apple will comeup with cheaper iPhone or Tablet just to grab more market. I have heard a lot about Apple coming up with cheaper Mac about 5 years ago but that has not happened. Apple's strategy to keep the price up and deliver class product has been going well so why try experimenting in a different direction.
I think China's population will ultimately match up with the Japanese population not just in terms of their living standards and lifestyles, but also on how they upgraded themselves and reached to this point.
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