ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

China wants to emphasize quality over cost

"Spirit of the craftsman" policy can backfire by risking the country's competitiveness

 (placeholder image)
Chinese Premier Li Keqiang said during his recent visit to Belgium that Chinese companies need to cultivate the "spirit of the craftsman" to improve quality.   © Reuters

TOKYO -- As China finds itself solidly established as a middle-income country with a per capita gross domestic product near $8,000, it faces the same challenge as other nations that have progressed to this point: namely, raising the quality and sophistication of its products to distinguish itself from lower-income countries while trying to attain the same status as richer nations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more