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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: Julius Wong who wrote (5177)7/23/2005 4:22:18 PM
From: RealMuLan  Read Replies (1) of 6370
 
Definitely agree. That has been my point of view from the very beginning! The problem with these Chinese companies is that they do well in China mainly not due to more competitive, but due to the free lunch from the Chinese gov. and the vast cheap pool and talent pool, and the vast virgin market.

I am not saying that the Western companies do not get free lunch from their own gov. (corporative welfare is prevalent too in the West), but since the western companies generally have a tougher competitive environment, so most of them are more competitive.

Furthermore, the West is not stupid. They will NEVER sell their winners, they only sell their losers, so those are the ones on the market for sale.

I am very glad that Haier stopped upping their bidding for Maytag.

Most of Chinese companies do NOT realize that the biggest potential market IS in China, or India, or most of other developing countries. HuaWei exports >90% of their $2 billion+ product to developing countries, NOT to developed countries. That is one main reason why they are doing good.

Instead, many Chinese companies want to get some glories in the West, and fighting for the already saturated market, which is a VERY stupid strategy.
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