Submitted by Agile-Bench-9386 t3_1167zvx in explainlikeimfive
Icycube99 t1_j993rxe wrote
Reply to comment by Blautopf in eli5: Why are Chinese products so inexpensive? by Agile-Bench-9386
Education and traditional family values is a huge factor to china's success. Having "good enough" is not enough and they make great strides towards improving how efficient their production is. Combine that with a strong sense of family ownership and you get powerful generational wealth.
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