ST. PETERSBURG, June 14. /TASS/.
China has made such strides in the automotive industry that its cars are now better than those from Germany and Japan.
The former undisputed leaders, Alexander Galushka, Deputy Secretary of the Russian Public Chamber and President of the Crystal of Growth Foundation, told this to TASS in an interview recorded at the St. Petersburg International Economic Forum (SPIEF).
Where did China start in the late 1970’s and early 1980’s, and how has it grown before our very eyes into a technological powerhouse? The most striking example is the automotive industry.
At first, people made fun of Chinese cars, saying they were clunky, prone to breaking down, ugly, and unattractive. What about Chinese cars these days?
They’ve already surpassed the Japanese and German ones. The Chinese automotive industry has surpassed that of Japan and Germany. That’s a fact, Galushka said.
China is deliberately focusing on the technological development of its economy, with the state playing a decisive coordinating role in this process, he stressed.
Yes, of course, both investors and companies are all active. But the government is the one that organizes this, first and foremost.
The Chinese state acts as the strategic organizer of technological development, the public figure added.
TASS / ABC Flash Point News 2026.
Loud and Clear …
America/UK even Germany cant complain they are all offshoring their engineering for more profit from shareholders meanwhile turning their countries into “Service Industry ” countries . If you dont already know it Germany sells many well known German named tools but most are made in China but are even labeled with EU safety standard stickers , I found this out when conversing with German engineers . The UK and the USA are already fully service industry countries . China wasn’t stupid or as greedy as the west the article is right – China will sell you any article built to… Read more »
China has become the global leader in vehicle sales. Products made in China by foreign profit seeking corporations now works against them as this country has the capacity and capability to outmaneuver any western nation.
Well said ! Londoner 1999 .
I have a good friend and neighbour who lived in China for years in a business capacity and unlike the west he has nothing but praise for the country.