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In terms of China becoming the next big "competition" you may well be right. The one thing I would say is that China has such a large and growing internal marke
by dageshi 12y ago
In terms of China becoming the next big "competition" you may well be right. The one thing I would say is that China has such a large and growing internal market that many Chinese manufacturers may see it as being far easier to concentrate on the domestic market which they understand than an international market which they don't. Given that, it might take a lot longer for those Chinese brands to attempt to crack the international markets than you might think.
- bane 12y agoYeah, I agree with this as well. I think cars are a useful thing to look at. The Korean market went international relatively quickly once they started making cars because the domestic market is relatively small (even with lots of trade protectionism keeping foreign competitors out). The Chinese market is robust, but pretty much entirely internal at the moment. Still, the Chinese market has shown that there's lots of talent out there able to build all kinds of things. We'll see how long it takes for the domestic markets to mature enough to put pressure on manufacturers to go global. Overcoming the public perception of decades (generations even) of exporting essentially crap products will take a while.