18 Dec
2011
18 Dec
'11
2:19 p.m.
My experience of Chinese goods before 1990 was that
they were roughly
finished, but that they were fairly accurate reproductions of Western
gear.
The slide toward cheapness at any cost is relatively recent. ?I think
it's less endemic to Chinese way of thinking than it's more of an
economic tool. ? Sort of an anti-Deming approach.
Yes, it is all about economics, and the way the Yuan is related to the
Dollar (*very* lopsided - the two do not exchange like other
currencies). The cost of labor has little to do in the big picture, as
their productivity is quite low compared to the US, and mostly cancels
out the advantage.
--
Will