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The China Factor |
From rice
fields... |
Today, most businesses are seriously
looking at the overseas markets to supplement their domestic
production, and in some cases replace it entirely. With its
large and low cost labor pool, China has attracted the world's
attention.
With China entering the WTO, the trading doors
have opened wider. Opportunities in China have never been
better.
China Foreign Direct Investment (FDI) was
approximate USD 56 billion in 2003. U.S. companies held an
estimated 15% of the FDI.
What's driving this growth...the
China government.
The China government is promoting foreign
investment because it knows that it must continue to grow
briskly in order to curb any social
instability.
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China's economy is forecasted to be
one of the world's top economies within the next couple of
decades.
One of the main driving factors behind China's
economy is its burgeoning middle class. Estimated today at
about 140 million, it is forecasted to grow to 200 million by
2008.
Even with its projected economic growth, the large
population of China will ensure that it will be the low cost
production /manufacturing site for easily the next twenty to
thirty years. |
...to
skyscrapers!
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