Low to middle quality Taiwanese and PRC - made bicycles. I have stopped multiple ladies in not half - bad looking bikes and their purchase price is invariably NT2000-4000, a fraction of the price of premium bikes. The lesson here seems to be two-fold...
1. Popular market bikes are not half the prive of premium. They are 10-20% (not * less*, I mean total, as in 2000 vs. 20000.
2. Fussy people have to be rich. I have noticed this in all luxury products (but not services). Quality comes at a huge premium, presumably because the wealthy price is not a concern.
BTW, it would appear based on quick assessment that middle- class Taiwanese do NOT ride Bromptons and Flamingo N7Xs. I speculate that this is the niche market of upper- middle class and wealthy or bike fanatics who eat gruel and soy milk but insist on the very best two- wheeled transportation.