Business · Companies · 5 hrs ago

Experts Say Chinese Appliances Are Shedding Their Cheap Image

Experts Say Chinese Appliances Are Shedding Their Cheap Image

Experts say Chinese appliances are shedding their cheap image and becoming stronger competitors.

Martin Chorzempa of the Peterson Institute for International Economics said rivals should not assume negative views of Chinese products will last.

Alicia Garcia-Herrero, Natixis’s chief economist for Asia-Pacific and the Middle East, said hardware strength alone is no longer enough for South Korean and Japanese companies.

The comments concern competition among appliance makers in China, South Korea and Japan.

A fading cheap-product stigma could change how buyers view Chinese brands and increase pressure on their rivals.

The experts offered no specific next steps or timeline.

1 source

Related

What people are saying

Martin ChorzempaSenior fellow at the Peterson Institute for International Economics
If I were competing with Chinese companies, I would not feel reassured that the negative stigma around Chinese products would continue indefinitely.
via Chosun Ilbo
Alicia Garcia-HerreroChief economist for Asia-Pacific and the Middle East at Natixis
Being known as hardware powerhouses is no longer enough for South Korean and Japanese companies.
via Chosun Ilbo