Xenocentrism is a feeling among people who think that their society and culture are inferior to those of other peoples.

The statement is - True.

Xenocentrism is a feeling among a certain population that the ideas, products, styles of other people are superior/dominant compared to their own ones. This feeling of inferiority can be witnessed all over the world and there are examples everywhere, like:

Pakistani women consider European cosmetic products to be far superior that the ones from their own country.

The Americans consider the European cars to be of much better quality that theirs.

Europeans consider Japanese styles of clothing to be much more creative than theirs.

East Europeans consider Western Europeans to be on a much higher cultural level than them.