Quote:
Originally posted by Shaun 84 Targa
Absolutely. But no sector is safe. China just produced and launched (a combo first) satellite for Nigeria. Why did Nigeria choose China over the EU and US? The Nigerian president said one word, price.
It's one thing for China to make the world's Walmat tschotchke's, quite another to be a player in high-end communications satellites.
From t-shirts to plastic anything to ultra-hightech, China will dominate in the next 5-10 years.
the combination of a massive population, a real strategic, global plan being executed right now (buying up resources worldwide) and a complete lack of business ethics (from reverse engineering to outright stealing to child labor), China will win in the end.
not saying it's right, just realistic.
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If we had a time machine we could go back to 1985 and the same things (mostly) were being said about Japan. And what happened there? The command economy ran out of steam as the population peaked. China will be facing the same sort of problems in a few years. We shall see...