China may still be listed as a developing market but it is progressing rapidly, benefiting from a well educated middleclass and also globalisation, which enabled it to become a top manufacturer for the world. Commentators point out that China’s rising wages are pricing it out of manufacturing within Asia. That is only true in terms of low level assembly production. China has moved up market, evidenced by its manufacturing of Apple products, from computers to smart phones and now smart watches. This experience of assembling the world’s top products provides China with the fastest learning curve, enabling it to launch its own products in competition with the world’s leading manufacturers.