The Economist headlined.
This is a deep and alarming statement about the changing dynamics of global trade, highlighting in particular the growing influence of Chinese companies in Southeast Asia.
Western companies are increasingly withdrawing from markets where price sensitivity is key. This highlights a critical observation: are people more and more willing to sacrifice durability, compatibility and warranty for the undeniable appeal of low-cost products?
I remember how struck I was by a remark from one of my clients in Singapore: “China deserves credit for making mobile phones affordable for everyone”.
This topic invites deep reflection on the broader implications for global trade and market strategies.
