Chinese have it. But as far as their sales at the ongoing India International Trade Fair in New Delhi go, they have it in too little timeindia Updated: Nov 22, 2009 21:29 IST
Chinese have it. But as far as their sales at the ongoing India International Trade Fair in New Delhi go, they have it in too little time. It turns out that while the world, India included, keeps banging on about cheap and sub-quality Chinese goods, exhibitors from the People’s Republic at the trade fair left midway as they had achieved their sales target in less than a week. Ok, so they were traders not making retail sales but only taking bulk orders. But going by the interest in Chinese durables (sic), one can be pretty sure that cheap wholesale goods, rather than border disputes and competing rates of growth are where India-China people-to-people relations are at.
The Chinese reputation for hardsell with soft prices matched with the Indian reputation for haggling and having one’s focus on bargain prices are the ingredients of a perfect demand-supply fairy tale. Some Sinophobes, of course, see it as the perfect S&M relationship in the making.
But we’d rather see it in a different way. Instead of comparing the scales of preparation that went into hosting the 2008 Beijing Olympics and the one that are underway to make the 2010 Delhi Commonwealth Games more than just operational, why don’t we, proud land of the baniyas, wake up and smell the ginseng and learn something about the ‘economics of scale’ from the Chinese traders who’ve left Delhi for their homes already.