Subject: Re: Rapid Transformation of China's Economy
Back when I was a kid, Japanese products were perceived as junk. Fifteen years later, they were acknowledged to be every bit as good (and in many cases better) than products designed and built in the US and Europe.

Not long ago, Chinese products were perceived as junk (despite many of our premium companies building their products in Chinese factories.

I can tell you from personal experience that the consumer products currently sold in China compete very favorably with those manufactured in the US or Europe.

Jeff