China has spent time copying Western products and learning a great deal. Now we are copying them because they can develop faster, cheeper, high quality products. It will take some effort and courage for European companies to pick up the pace and stay relevant.

“The Chinese proceed in a very ⁠planned way … and have clear ​priorities - it is structured in an ​optimal way,” Blume told Bild am Sonntag. “What we experience very positively in China is ​a high level of discipline ​and willingness to execute,” he said. “It is ‌worth ⁠looking beyond our own backyard … we can learn a great deal from how the country has developed.”

Yup, stability and predictability is great for business.