Despite a string of product recalls and negative media coverage in recent months, Chinese-made products remain the favorites for shoppers worldwide during the Christmas season, indicating that the competitive edge of Chinese products is not to be negated by some isolated incidents.
Shoppers in the world's major cities like New York, Paris, London and Toronto flock to stores, supermarkets and shopping centers to buy Chinese toys and other items in large quantities amid year-end shopping fever.
Right before Christmas, the mass circulated U.S. Today reported, citing industry experts, that sales of Chinese toys in the United States were not affected by recent product recalls, noting that the "anti-China Christmas" didn't come to pass in this year's festival shopping season.
These facts have proved that Made-in-China, like a brand name, has over the years managed to build up and maintain its competitiveness on the world market, and these may well serve as a rebuttal of prejudice against Chinese goods.
The competitive edge of the Chinese products is a result of the economic globalization, leading to a mutually beneficial and win-win result between China and the rest of the world, when consumers worldwide get inexpensive and reliable products and China boosts its economy as a whole through more job opportunities and bigger exports.
In a report published in 2005, Morgan Stanley Investment Bank said middle- and low-income U.S. consumers enjoyed many benefits from cheap imports from developing countries.
The bank estimated that buying inexpensive imports could have saved
Source:Xinhua
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