Here's a surprising fact to ponder: This year, it's projected that China will overtake Japan as the world's largest automobile producer. It already tops U.S. carmakers in sales.
China's sudden surge to the top is no accident. While American auto honchos and economic policymakers stayed mired for years in the old business model of ever-bigger, expensive, fuel-gulping, unreliable vehicles, China's industrial and political leaders have been planning for and investing in smaller, well-built, fuel-sipping cars.
We used to be the country which manufactured things people wanted to buy, because they were intelligently designed, with an eye to future trends and requirements, and well-made.
We are no longer that country.