@mike2000 is back was shocked that DJI is a Chinese company after finding it out here
. He thought it was a western company since he owns one of its drones. Apparently he was very impressed with the build quality he thought it has to come from some Western company.
Well, you are right to some extent .
However , that in itself is another
sign that that even though China has been improving it's standards/quality of it's products, it still has a long way to go to match western and Japanese standard. Since many people around the world are still surprised when they see a good quality product coming from China (I mean a Chinese designed and manufactured product, not a western designed product made in China). Meanwhile it's not the case with Western and Japanese products , since many people already know their quality standards are world class.
So China still has a long way to go before it can match western and Japanese standards all across the board. Since even today, good quality products designed and made in china that are popular the world over are still rather an exception rather than the norm.
In short , there are still too many shoddy products which tarnishes the reputation of the few others whose quality are world class/at par with the best . However it's understandable though , since China is still a developing country. So it still needs time for all it's industries to match developed countries standards as a whole.
Nevertheless there are still some very world class Chinese companies like Huawei, haier, DJI, just to name a few who design and make their products themselves locally. They are a new breed which many Chinese companies should follow.
As for the topic, china should normally have it's currency Among the SDR, since our currency British pounds , U.S dollar, and the Japanese yen have all been part of the world three main currencies recognised and used all over the world . I think it's long overdue that the Chinese yuan will be included . China has to know that including it among SDR means it will have to speed up the opening up of of it's financial market and reforms, it will also have to make the yuan more freely usable(and by this I mean fully convertible ). Since China places caps on how much cash its residents can take out of the country; forces international companies to do extensive paperwork before bringing large sums in; and limits foreigners to strict quotas for investing in its capital markets. All these will have to change, and it does comes with risks . But hey, we all have to take risks at one point in life. Else we will all remain with the current status quo.