Fidget spinners , prime example of chinese domination of the global market

A few decades ago pens were not really cheap .
The reason being that they were made in us , the moment china developed the tech to make ones acceptable to function well enough the general public ( that places them nowhere close to german or us ones ) the price dropped like crazy , and china now makes almost every pen in the world because it killed the competitors .

This trend with china manifests all the time , but i want to take a look at the most recent example , being the fidget spinners .
If only 1 year ago you wanted to buy a custom made ball bearing you would buy german if you were in eu or Japanese in asia and etc .
The moment chinese developed tech to make them for cheap the prices on the market dippes , and the chinese took a large portion of the market usually working over alibaba .

Now you see a young chinese buisnessman looking at the success of the fidget cube , a idea stolen from an us kickstarter and realize how these americans are a huge market for this kind of things , but you also reaad about a new ball bearing factory open in a nearby city . You make litteral millions of these spinners and by catching the trend manage to sell them all and even need to make more to fill the demand .

Now thats buisness , and exactly why the chinese are killing it right now .
Have a good day :)