Originally Posted by
zhaoyun
Based on socio-economic development, China is still far behind Japan and the West. So if you're just talking about per capita living standards, then I agree that Japan, S. Korea, Singapore, HK, Macau, Taiwan are probably the only industrialized states/regions which are comparable to the West.
But China is developing very fast and it is building these brands today. The situation's already very different from just two years ago. Huawei is the world's third largest smartphone company and Chinese brands dominate the top 10. DJI, is the world leader in drones. BGI Genomics is a world leader in it's field. BYD is the world's largest electric vehicle manufacturer and backed by Warren Buffet, although the auto industry is really the major industry where Japan is still ahead of China, China's government is quickly building the infrastructure for electric vehicles as they plan to use the development of EV's to leapfrog the traditional automakers.
Haier is the largest, if not, the largest white goods manufacturer in the world. Lenovo is one of the largest computer brands.
Basically in a ton of fields, China has already surpassed or is catching up to Japan. The reason why many of these brands are not well known in the US yet is because China's domestic market is so large, they haven't felt as dire a need to expand overseas as the Japanese and Koreans did at similar levels of development, because their domestic markets were much smaller. But they are starting to expand rapidly and will likely be household names in the US in the next ten years.
So in conclusion, yes, I agree that as far as socio-economic development, Japan is at the level or higher than most Western countries and China is still quite behind. But this situation will be changing dramatically in the next 20 years.
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