Chinese consumers are paying more for 'made in China' products than we do

[NNN0LHI]

http://www.chinadaily.com.cn/bizchina/2010-05/05/content_9813692.htm

By Cai Muyuan (chinadaily.com.cn)
Updated: 2010-05-05 17:33

As the world's largest manufacturing base, China is exporting countless different products to the world. However, it is Chinese consumers themselves who pay most for products stamped "made in China." According to business owners and experts, export tax rebate policies are the main reason for the phenomenon, the Beijing News reported on May 5.

According to economist Chen Zhiwu, not only are the prices of foreign-made luxury goods higher in China, but domestic-made products such as clothes, computer and commodities are also more expensive here than in the US market.

Luo Jianping, general manager of a toy company in Guangdong told the reporter that the cheap "made in China" products in foreign markets are mostly from labor-intensive industries. Since the products are mostly cheap and low-ended, they are often used in sales promotions or as free gifts.

[lib2DaBone]

1. I wish China would keep all their inferior junk...

EVERYTHING made in China is a POS. (understatement)