Fourteen Things about the Chinese Economy
This list was posted some time ago at the Raw Prawn. It is both informative and provocative, as are the additional links provided there.
- China's economy is much larger than the official numbers show.
- The growth of China's economy has no equal in modern history.
- China is winning the global competition for investment capital.
- China can be a bully.
- China's economy is an entrepreneurial economy.
- The most daunting thing about China is not its ability to make cheap consumer goods.
- China is closing the research and development gap -- fast.
- China now sets the global benchmark for prices.
- China's growth is making raw materials more expensive.
- No company has embraced China's potential more vigorously than Wal-Mart.
- There are hidden costs associated with doing business in China.
- Piracy is a problem.
- China's heavy buying of U.S. debt has lowered the cost of money in the U.S.
- Americans and Chinese have become reliant on each other's most controversial habits.
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