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But only partially. Nowadays, you can find expensive and luxurious high-quality products, complete e-waste, and everything in between. Somehow, Westerners still keep buying the e-waste, so that’s why Chinese companies keep supplying it.
Basic capitalism. As long as some idiot wants to buy trash, someone else will respond to that demand and profit while doing so. For many people price still matters way more than durability, quality and functions.