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Is there any economical incentive for China to produce higher quality goods?
by cmdshiftf4 6y ago
Is there any economical incentive for China to produce higher quality goods?
- deleted 6y ago[deleted]
- babesh 6y agoYes. Higher profit margins. Whereas before you were making bad copies of $50 goods, now you make a good copy of $1500 goods. Those more expensive goods carry higher margins.
- mytailorisrich 6y agoObviously. Higher end products attract higher margins and a reputation for quality is a good differentiator compared to competing on price. For example, Huawei is (or was...) going after Apple in the high end smartphone market and they produce extremely good quality products.