China-made products are seen everywhere in the brand stores like Macy's and the World of Disney in New York. (Photo/Xinhua)
A Boon for the Masses
Elites run the world, but they are those ordinary people that constitute 99 percent of the world's population. "Made in China" is a boon for the masses.
This has become more evident over the past decade, especially since 2008.
After the global financial crisis, the number of "one dollar shops" in the United States has increased greatly, and some even appeared in high-end communities. The American middle classes began to join the group of the regular visitors to these stores. Among those in the "one dollar shops", Chinese products took up a large percent.
"All of a sudden, you realized that, oh, shoot, everything with good quality comes from China," Holyfield said to this journalist in 2008. "People love to get thing from China, because it's cheaper and with quality."
"Made in China", with its fine quality and low price, satisfied the international market needs for diversity, and has played a positive role in curbing global inflation and improving the purchasing power of consumers in various countries.
Based on Morgan Stanley's research report, in 2009 alone, approximately $100 billion in US consumer spending was saved by "Chinese imports".
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