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Monday, November 22, 2004

China to overtake Germany economically

China is emerging as a power on the worldstage, no doubt about that.

About 60,000 companies were established between 2000 and 2003 - which equals something like every 26 minute one new company (took the calculation from Tom Peters, but quoted from the same article). This is a bombastic development.

Now, this ongoing growth over the last two decades pushes up the country, making it the world's third largest one, after the US and Japan, overtaking Germany - which is mired in recession and tries to get over a decade-long slump

(By Asia Business Consulting)