Chinese companies want to go upscale.

[Swampy]

TCL, a Chinese company, is trying to move from making rice cookers to making smartphones, and it has made a deal with the Producers of Iron Man 3 to showcase its products. It will therefore be in direct competition to Apple and Samsung. This is only going to increase pressures on the established companies, which will be good.

And we haven't heard from any Indian companies yet.

[mcnoch]

India is more in services than products nowadays. ANd the products they build are - despite some other claims - mainly for the domestic marekts, whcih they understand much better than we stern companies do.

[Sir John]

I have heard the claim that most of the world's generic pharmaceuticals are produced in India. Legal and otherwise.

Sporting equipment also.

SJ