surprise and not a surprise, we don't see flat screen TVs of European or US brands today, not because they can not make it, but because they can not make it cheap (not a negative word) enough to compete with first Japan, then South Korea. Soon we will see Japan pushed out of the market by SK, with China taking up what SK left (the lower end) in the market.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
surprise and not a surprise, we don't see flat screen TVs of European or US brands today, not because they can not make it, but because they can not make it cheap (not a negative word) enough to compete with first Japan, then South Korea. Soon we will see Japan pushed out of the market by SK, with China taking up what SK left (the lower end) in the market.Japan has gradually been PUSHED out of flat TV market by South Korea, the last standing Japanese company still presents itself in the world (in Europe at least) is SONY and its market share is shrinking fast. Ten years ago, we have Panasonic, Toshiba as well. Todays young Europeans would not even know who is Panasonic or Toshiba. In ten years, nobody would even know who is SONY after Xperia is pushed out of smartphone market.
Now tell us, IS Japan's loosing market share in flat screen TV "related to more nuanced factors like market demand and efficiency"? YOUR answer MUST be "Well
- it wasn't". By that answer you must agree that Japan is incapable to produce.The same question can be asked about US quit of TV market decades ago under the pressure of Japan.
It won't be long before the Koreans too would be pushed out of the TV market by Chinese TV manufacturers like Hisense and TCL. Hisense has got really good reviews on their high end models and they keep improving every year in quality. Some reviewers quote rhe need to pay 30% more on a big flat screen when the technology changes so quickly. I have a 70 inch Hisense which I paid peanuts for and it beats a Samsung anytime of the day for 1/3 the price.Japan has gradually been PUSHED out of flat TV market by South Korea, the last standing Japanese company still presents itself in the world (in Europe at least) is SONY and its market share is shrinking fast. Ten years ago, we have Panasonic, Toshiba as well. Todays young Europeans would not even know who is Panasonic or Toshiba. In ten years, nobody would even know who is SONY after Xperia is pushed out of smartphone market.
Now tell us, IS Japan's loosing market share in flat screen TV "related to more nuanced factors like market demand and efficiency"? YOUR answer MUST be "Well
The same question can be asked about US quit of TV market decades ago under the pressure of Japan.
We cant get Hisense products here
plawolf
Lieutenant General
It still costs China money to make the ball barrings domestically. That is more than just the variable costs like materials, energy and labour etc, but also fixed costs like investments in machinery and R&D.
If you subtract all of that, and your annual savings is probably a tiny fraction of that $15m total.
All of this is just another piece of western feel-good-by-putting-someone-else-down gutter trash reporting. And they couldn't even get that right, because they didn't even take notice until after China had closed that tiny, insignificant gap. In fact, the joke is on them, because I seriously doubt there are any British or American firms making these kinds of ball barrings today.
Does that mean they are now more backwards than China? Of course not! China didn't used to make these for the same reason the west doesn't make a lot of other things now - it's just not worth their while to bother.
The only reason China bothered was because the PM made it a political point of pride.
Not only are the profits tiny, but firms don't have infinite R&D budgets, in order for them to develop this ball point barring, the company would have had to cancel or postpone other projects that would have been more valuable.
As such, I actually see this is a negative, where top political leaders are causing disruptions on a whim.
The sentiment of self reliance is sound, as we will probably find out soon enough with Trump picking trouble. But this example shows how such whims can be wasteful also.
The PM didn't really care about ball point pens, and it makes zero different in reality irrespetive of whether China makes them. He just used that as an extreme example to make a point, if you will excuse the pun. But a Chinese firm spent 5 years and $8.6m because of it.
It's not hard to imagine any number of similar scenarios, where a throw away remark or minor point made by a top official gets taken way too seriously, and not insignificant resources are diverted to projects those officials don't care about and would probably forget before they even finished the conversation.
It's by no means an uniquely Chinese problem, but I would rate that as inifitiely more of a problem than ball point pen tips.
Engaging in Nanotechnology/Semiconductor Fabrication R&D program in many Universities across the countries.
1)Promoting strong R&D ability among unversities students.
2)Promoting domestic equipment supplier like AMEC, seven-stars
This would revolutionize CHina Education system. Many many PHDs will be made-in-China
Theres always Sony Music Hollywood and game consoles to keep the Sony name alive.You may have noticed frequent punctuation/spelling errors in my posts. Its not my fault but my crappy Sony laptop
We recently bought a Westinghouse front loader washing machine made in China.
Don't know if the product is as good as the original American Westinghouse product. However we only paid $460 for it.Not bad when compaired with the other brands that had a starting price of $1200. and up to $2000These included various models such as Haier, Bosch Samsung and a variety of other European Brands.
AssassinsMace
Lieutenant General
My sister lives next to a guy who's in the solar energy business. He says China makes the best solar panels because they're just as good as American or European but they break down less. He says a lot of US solar companies just buy Chinese solar panels via Canada to skirt the tariff Obama placed on Chinese solar panels.
G
Upgrade to a Lenovo Yoga, just got one and the quality of built is greatTheres always Sony Music Hollywood and game consoles to keep the Sony name alive.You may have noticed frequent punctuation/spelling errors in my posts. Its not my fault but my crappy Sony laptop
We recently bought a Westinghouse front loader washing machine made in China.
Don't know if the product is as good as the original American Westinghouse product. However we only paid $460 for it.Not bad when compaired with the other brands that had a starting price of $1200. and up to $2000These included various models such as Haier, Bosch Samsung and a variety of other European Brands.
Haha, probably explains why Trump wants to withdraw from NAFTA.