“China is following the path of South Korea, Taiwan, and Japan in moving from t-shirts and dupes of name brand items to home appliances and higher-end cars and products at an unprecedented scale.”

Fortune · China moves into luxury goods and machinery, challenging Europe's industrial dominance

“The moment Chinese suppliers have enough capabilities, then you want to branch out to develop your own brands for better margins.”

Fortune · China moves into luxury goods and machinery, challenging Europe's industrial dominance