China
Some rocking numbers from China as reported in yesterday’s Asian Wall Street Journal (Sept. 27, 2004).
An Edward Gresser, who is a spokesperson at the Progressive Policy Institute in Washington, estimates that foreign companies opened as many as 60,000 factories in China from 2000 through 2003.
The country took in US$53.3 billion in foreign direct investment in 2003, compared to US$40 billion in the US. China exported goods to the rest of the world worth US$438 billion, and services totaling US$44 billion.
It is now the largest supplier of a variety of products ranging from computer keyboards to bicycles, bras and neckties.
Who can stop this juggernaut – no, wrong question. Who will profit from this machine most, as it races ahead to become the world’s largest economy in just a few decades.
An Edward Gresser, who is a spokesperson at the Progressive Policy Institute in Washington, estimates that foreign companies opened as many as 60,000 factories in China from 2000 through 2003.
The country took in US$53.3 billion in foreign direct investment in 2003, compared to US$40 billion in the US. China exported goods to the rest of the world worth US$438 billion, and services totaling US$44 billion.
It is now the largest supplier of a variety of products ranging from computer keyboards to bicycles, bras and neckties.
Who can stop this juggernaut – no, wrong question. Who will profit from this machine most, as it races ahead to become the world’s largest economy in just a few decades.
posted by Andreas @ 12:29 pm
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