Incredible how shortsighted some people are. The Chinese are not; they think long term. Always have.
I can remember people saying the same thing about the Japanese in the late 80s.
Until the bubble burst - Nikkei's still somewhere about 1/3 of its historic peak.
I suppose the Chinese may eventually get it right, but currently not even the Chinese trust Chinese manufacturing - there's a booming business down here whereby immigrants ship entire caseloads of baby formula to relatives back home. A lot of supermarkets have had to put limits on the amount any one customer can buy, as locals couldn't find any on the shelves.
