China initially became the factory of the world, and equivalent to low-quality products. But those days are over, says marketing expert Arnold Ma at his Myth Buster vlog. Innovation and high quality have become key in China’s production, although you can still get some cheap, low-quality stuff too, he adds.
No tool has changed life in China more than the smartphone, with 640 million users and counting in less than a decade. But a new device is possibly disrupting – and improving – life even more, writes Shanghai-based lawyer Mark Schaub in the China Law Insight: the self-driving car. He paints the upcoming changes, and the way China’s government is promoting that change.
Apple’s Steve Jobs was the first American CEO to discovered China’s massive brainpower potential when he got the first iPhone produced in six weeks time, by 200,000 workers and 8,700 engineers. China’s massive brainpower is a disrupting force for the world, says Beida business professor Jeffrey Towson, co-author of The One Hour China Book (2017 Edition) on his weblog.
While the luxury good suffer from the anti-graft crackdown, what the Chinese buy, they buy increasingly abroad, says China Rich List founder Rupert Hoogewerf at the presentation of his eleventh Hurun Best of the Best Awards 2015, a benchmark for the luxury sector, according to the Shanghai Daily.
While Apple´s iPhone 6S got an enthusiastic reception in Shanghai, some observers see some of the glory of the US giant is fading. Rupert Hoogewerf of the China Rich List sees even some of the rich moving to the domestic competitor Huawei, he tells the International Business Times. International Business