Question

chinese computer electronic products possess advantages in design,innovations,rapid response and global market flexibility-comment

Answer 1

For many, China is still synonymous with the copying or stealing of ideas and the production of low cost alternatives. However, those living in the country or following it closely know this to be an outdated view. “Made in China” used to mean cheap labor, cheap production and bad quality. Chinese clones of Western innovation used to be infamous the world over. Those days are starting to seem like a distant past.With the creation of a large middle class with disposable incomes and desires, we have long moved on to “Made for China”. For a majority of MNCs, China is one of the biggest markets and of great importance. Local tastes and preferences are being taken into consideration increasingly, with the goal of getting a bigger share of the wallet. From F&B, to fashion, to electronics, to automobiles, “Made for China” is a reality today, as consumption in the country is still steadily on the rise.Following the shift from being the world’s workbench to one of the world’s most important economies today, the next change is just on the horizon. As China and its companies continue to look for growth, their gaze is increasingly landing on the global markets, where some of China’s most valuable companies (like Alibaba and Tencent) have yet to prove themselvesto be able to compete with incumbents. The next big shift we are about to see will be dubbed “Designed in China”.Why Adoption Rates MatterTo understand how Chinese companies made the shift from copying to innovating, one needs to look no further than WeChat. Having started its existence as a cross-over of QQ, WhatsApp and similar existing products, many deemed it a copycat. Yet fast release cycles and a strong willingness to solicit, listen to, and react to market response have turned it into Tencent’s likely most valuable property. It has been adopted so widely and is used so frequently by its community that Western companies are watching in awe and are looking to learn from and copy it.Success stories like WeChat are possible in China because of the general willingness, across generations, social groups and geographies, to adopt new technologies quickly. With China’s incredible rise over the past decades, life has looked completely different for hundreds of millions of people, year after year. Change has been ever-present: in lifestyle, affluence, infrastructure, opportunity, amongst other related fields. Continuous change and adaptation to new circumstances is the norm to the Chinese, a factor which has been crucial to driving rapid adoption of new technologies.