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Strategies & Market Trends : Greater China Stocks
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To: Julius Wong who started this subject1/4/2004 9:32:51 PM
From: Julius Wong  Read Replies (1) of 8334
 
China's star is steadily rising

Bill Jamieson

HOW easy it is, even at the start of a new year when we strive to look ahead, to lose sight of the bigger picture that really matters. I do not mean the Chancellor’s pre-budget forecasts, or the US budget deficit, or the IMF’s predictions for 2004, important though all these are.

I refer to the far greater and more sweeping drama in which we are all caught up and which will profoundly affect our world view in the years ahead. For we are in the throes of an epochal shift of global power and resource, from north to south and from west to east that is gathering in pace and in volume. It will see the dramatic ascent of China and the greater Asian region to one of the world’s most formidable economic regions, the loss of American hegemony and, unless there is radical change, the eclipse of Europe.

business.scotsman.com
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