The scam of branded goods has been completely destroyed by China and people are now smarter, saving a lot of money from not buying branded goods at ransom prices. The people of the world can now afford to buy and use all the good products and services they so desired at a fraction of the prices they used to pay to western brands. China will make the same products, with the same material and selling to the consumers for a song. And if the customers want a brand stitched on, China can also do it with an additional $10. After all, all the branded products are made in China by skilled Chinese artisans, cheaper but not cheap labour. The prices charged by the brand owners were mostly the jacked up prices for obscene profits.
China has now moved one step ahead, since labour cost is rising, China is moving into robotics. The whole production line can be manned by cheaper robots that worked 24/7 with no extra pay, no time off for lunch break or sick leave, no labour union problems. Just pure productivity and efficiency. China can go on innovating and producing goods and services at very affordable prices. Can you imagine how much a good Chinese EV will be in the market if left to the American and western brands? What Tesla is charging is a good example of the value for money versus Chinese EVs. Soon Tesla too will be priced out of the market, unable to compete in quality, design, technology and price.
China did not capitalise on the quality of its products and services by charging high prices like the Americans and the West. China prices its goods and services for the masses in the whole world. The average consumer in the world is now faced with ample choices of good products and services at very affordable prices which they could not afford if made in the West.
China is selling its products and services to the whole world and did not demand to be paid in dollars and high prices. China is literally asking countries to pay with dirt. Just give China dirt in exchange for quality high tech products and services. And if countries did not have the capacity and technology to deliver the dirt, China will bring in the equipment to transport the dirt and ship them to China, without overcharging. No money never mind, just dirt will do.
For countries that are able and want to add value to their dirt, China can assist by selling them the technology and equipment as well. China is in a way helping the rest of the world to be richer by making things affordable, give them real value for paying less.
Can you imagine what the world of the average and less developed people be like without the abundance of good quality goods and services from China, clothes costing a few dollars a piece, mobile phones at less than a hundred bucks, EVs for less than US$10k, and efficient infrastructure, highways, high speed trains, ports etc etc to be had by trading their dirt? Many countries are limited by their size, small population, educational and technology level, infrastructure... to make high tech stuffs they need. And China is there to offer them whatever they need, for the price of a song, or some dirt...with no strings attached. The Americans wanted to sell AI only to those with deep pockets. China is offering AI to the man on the street. The average guy have all the AIs they need for free. The Americans cannot stop China from pushing out AI applications for the world cheaply.
Some silly countries still want to buy American and western goods and willing to pay ripoff prices for lower quality goods. It is ok if they have a lot of easy money.
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