The Chinese are doing what the Japanese did 30 years ago. They are offering new products - they have ceiling fans with invertors - at prices that are less than half or even one-third of ours.
By Jay Dubashi Dhan.com December 26, 2000
Mark my words. Today it is dry cell batteries; tomorrow, it will be motorcars and computers. Today it is locks and watches, tomorrow it will be gas turbines and steel furnaces. And China will sell them here at half our prices. In ten years' time, China will have an economy as big as Japan today. In twenty years, it will be the size of America.
We should sit down and find out why we cannot do what China is doing. Why their quality is so good and prices so low. They are much more innovative than we are and always offer something new. Have we in the last ten years offered anything that is really new? I do not like foreigners swamping our markets with their goods, but the world is going to be more and more open, whether we like it or not, and it is time we pulled up our socks and get cracking. It is no use asking the government to slap heavy import duties because there are limits to what the government can do in this new environment ruled by organisations like WTO. And remember China is doing all this though she is not a member of WTO. Unless we get down to business, the world will walk all over us, as the Chinese are now doing. iw.sify.com/home/dhan/news
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