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China's Economic Success: Opportunity, not Threat

Explore the misconceptions surrounding China's economic growth and why it should be seen as an opportunity rather than a threat. Discover the benefits of China's contribution to global demand and the positive impact on businesses worldwide.

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China's Economic Success: Opportunity, not Threat

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  1. Eating your lunch? • China´s economic success should be seen more as an opportunity than a threat • But most of the economic fears that China arouses – that it will drive everybody else out of business, that it will always be super-competitive in everything, that it will cause mass unemployment – are plain wrong. They ignore all the benefits of China´s growth. They also ignore elementary economics. • The world has been here before.... • China´s contribution to world demand is vital ... • (The Economist, editorial, 15-21 February 2003)

  2. A billion blessings • Millions of consumers in other countries are gaining from the low prices and high quality of Chinese goods. • A billion Chinese are escaping the dire poverty of the past. • Business across the globe will profit from supplying a vast new market. • These are wonders to be celebrated, not threats to be agonised over. • (The Economist, editorial, 15-21 February 2003) • See also:“Is the wakening giant a monster?” • The Economis, 15-21 February 2003, pg. 65-67

  3. Financial Times • I – How cheap labour, foreign investment and rapid industrialisation are creating a new workshop for the world (FT, 4 February 2003, pg. 13) • II – Cut throat competitors: 86% of goods are over- supplied, yet factories run at full tilt as prices are slashed (FT, 5 February 2003, pg. 11) • III – A better life on the production line (FT, 6 February 2003, pg. 7)

  4. Macau • A gate to the Pearl River Delta (South China Sea) • as well as Hong Kong • both autonomous SARs (Special Administrative Regions) of PR China • both cultural interfaces between occidental and oriental markets • borders with Guangdong province of PR China • Guangdong pecial economic zones: Dongguan (running shoes) Shunde (microwave ovens) Zhogshan (electric lighting) Zhuhai (computer games consoles, golf clubs) Shenzhen (photocopiers, artificial Christmas trees, WallMart purchasing centre )

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