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Yes but China is not Korea or Japan.
Their low quality standard is an inheritage from Mao Tse Tung era when production had to be on highest volume as humanly possible.
That was a strenght until now since they could first meet their domestic demand and then, with little bit more capitalism, export and eventualy flood markets worldwide.
But their "bad quality" has become proverbial and their reputation is realy very bad. I think worse than that of the Japanese and Korean a while back.
Even if they produce good quality things (which is still to be seen), their bad reputation will follow them.
IMO, it's because of that that they don't produce high tech stuffs.
Of course it can change and let's hope it change but then, we will talk again.
Next is their domestic market. Eastern Europe have been striving to grow their economy and mor importantly their buying power for 20 years with mitigated result. In one word, it takes longer than expected.
China is 1.3 billion poeple, about five or six times the population of eastern europe (w/o Russia, Ukriane etc). It will take much longer to develop this region as low salaries source is practicaly unlimited.
Finaly you have to be extremely cautious with a country like China because no one realy know what their companies are worth. If we can have accounting scandals in the US, well you won't have them in China because there is no accounting.
Maybe I'm exagerating, but who is controling chinese companies? Ask yourself this question before puting money there.
Because of that I think that Chinese stock markets are going to be extremely volatile.
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