Will China really take over?
Out of context: Reply #73
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- ntslide0
Over here now, been here many times and I work closely with many Chinese factories. I do find it interesting that at least half of my factories (some vertical) are owned by Koreans or Taiwanese businesspeople. I'm also amazed at the level of understanding many of my factory owners possess. China is infinitely more complicated than anyone gives them credit for.
I think sometimes as a westerner I seek to impose the values and urgency for change that is capable in the US. Simply, we don't like something and we speak up about it and expect a change. What we forget is that China isn't capable of making the changes we think it needs.
This is my opinion from being here so if I'm misguided I apologize...
China does cannot exist (and this should be appropriate to the company here) without the premium of innovation and design/marketing that are second nature to US, Europe, Aus etc. I work very closely with entire factories on complex developments and they simply could not do the job without myself and my design group. As I see it, the design and direction are what keep the relationship going... I have a constant need to innovate and they have a constant need to produce...
Short answer from me, no China will not take over... buy all the debt in the world, we'll just buy it back for cheaper (look up Japanese real estate investment back when they were 'taking over') a few years later...