China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1792)	12/8/2003 11:05:17 AM
From: RealMuLan	Read Replies (1) of 6370

Commentary: China flexes its muscles, but heavy lifting lies ahead William Pesek Jr. Bloomberg News Monday, December 8, 2003 China is Asia's today, while Japan is its yesterday. That is the unmistakable impression that one gets when traveling around the region these days. It is also wrong. . There is no denying China's potential - an economy growing by 8 percent a year and powered by 1.3 billion people hungry for the rewards of capitalism. Multinational companies are seeing dollar signs when looking at maps of China, and big ones at that. So are Asian governments, as their economies ship more and more goods there. . But the emphasis in all of this has to be on the word "potential." Though China could indeed be the biggest economic success story in modern history, much could go wrong with its move from socialism to capitalism, not least of which are tens of millions of job losses as the economy is opened. ... iht.com

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