>In Egypt, our story with Chinese products goes back a long way.
It all started back in the late eighties and early nineties. Egyptians, who happened to work in the Gulf or go there for pilgrimage purposes, used to scout the markets for gifts to bring back home. People used to search far and wide for products ‘made in the U.S.’, or U.K, or France, or even India for that matter.
What did they avoid like the plague?? Yep, you guessed it! Made in China. Now that was just THE ultimate insult: getting your in-laws made in China gifts was just another way of telling them that you think they are worthless and deserve no better than cheap, tasteless, scraps of merchandise.
As time went by, it was getting more and more difficult to find these no-made-in-China items. In fact, now it is next to impossible. Want to know why? It is because of YOU. Yes, you! If we had cared about quality as much as we do about price, or about the condition of the workers that make all our little gadgets, or even the environment, none of this would have happened.
China will rule the world through a very simple premise: sell cheap, you sell a lot. When you sell a lot, you make money. And when you make enough money, you can drive your competitors out of the market—and then you will be free to do whatever pleases you. It will be all you, and no one to answer to.
Let’s take a look at the case at hand: Geely vs. Volvo. Geely, originally a refrigerators parts supplier, was literally born yesterday. It started making cars back in 1997. Yet, in 2010, it sealed a deal to take over the Swedish giant trade name: Volvo.
What started as operation building bon-bon colored flimsy cars, now has its eyes on Opel.
Some people might just disregard this as a David and Goliath story, but it is far from it. The implications are quite dim.
What do you think will happen if a country with an atrocious human rights record , and isn’t too keen on the environment , continues to replace the more regulated manufacturers?