A Curious Look at China's Xiaomi Defeating Samsung and Apple in the Smartphone Market
Xiaomi Planet Is China truly an even bigger awakened dragon? A bit of the history of Deng Xiaoping's economic reforms had transformed China from an impoverished communist state into a glorious one. Though, one can say China isn't really communist anymore as it has abandoned the traditional model of Karl Marx and Mao Zedong. Instead, Deng opted for what he called "socialism with Chinese characteristics". Who would have thought that Deng's economic reforms would create a raging dragon out of China in the world of economics? This would probably be true as new Chinese products are soaring in the world. There's Huawei and there's Xiaomi. You may now be wearing a Mi-Band and be using a POCO Phone--both products by Xiaomi. It's no secret that Samsung once defeated Apple. Apple is pretty much a high-end phone. Having an Apple means having a high-en phone which, like a Mercedes Benz or BMW, is more of a status symbol. However, Samsung managed to produce some c