Kudos for mentioning Xiaomi, they recently showed off their newest car factory, and it’s insanely highly automated, with workers basically only doing quality control!
China is probably the new masters of mass production, which I suppose is natural considering they have a home market of 1.4 billion people, they can invest in mass production for China only, and have a scale that is 4 times the scale of USA!
No country has ever had such a massive home market before China, and I think it’s a huge advantage for China regarding mass production.
No country has ever had such a massive home market before China
glances at India
But then that’s just the BRICS in a nutshell. Five countries with enormous internal consumer demand, which can afford to develop domestically to meet the needs of their local populations without worrying too much about export markets.
Kudos for mentioning Xiaomi, they recently showed off their newest car factory, and it’s insanely highly automated, with workers basically only doing quality control!
China is probably the new masters of mass production, which I suppose is natural considering they have a home market of 1.4 billion people, they can invest in mass production for China only, and have a scale that is 4 times the scale of USA!
No country has ever had such a massive home market before China, and I think it’s a huge advantage for China regarding mass production.
glances at India
But then that’s just the BRICS in a nutshell. Five countries with enormous internal consumer demand, which can afford to develop domestically to meet the needs of their local populations without worrying too much about export markets.