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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (64478)6/2/2005 9:31:46 PM
From: Joe S Pack  Read Replies (3) of 74559
 
China's march to the TOP.

The latest IEEE Spectrum (June 2005) has 14 articles exclusively devoted to CHINA. It is a rare thing for a technical magazine to devote itself with these many articles on a single country in a single issue.
I have n't gone through all of them. But it is fair to say that J6Ps will soon be caught and may be surpassed in several fronts.
Here are few highlights.
1) China overtook Japan in terms of GDP. Now it is second only to US. Here are the figures for the top few countries:

  Country       GDP (US $trillions)   Population      Area (Square KMs)
    USA          11.750                 293 Million    9.7 Million
    CHINA         7.262                 1300           9.6 
    Japan         3.745                  ?
    India         3.319                  1100
    Germany       2.362
    UK            1.782
    France        1.737
    Italy         1.609
    Brazil        1.492
    Russia        1.408


2) All Politburo Standing Committee members are card carrying Engineers. In US most of them are liars (I mean lawyers). No wonder China is advancing at such a fast pace in technology.
Almost all of them are from top Chinese universities except one from Germany.

3)China graduates twice as many bachelor's degrees as the US, and they have 6 times as many majoring in Engineering. This year it will graduate 300,000 engineers.

4)As per Nokia, China will soon overtake the US as its top market.

5) China has 174 cities with more than 1 million people. China's arable land is 15 percent of its total land area. US has 19 percent, Nigeria 31 percent and Germany 24 percent.

6) China's huge TV industry faces a 2008 deadline to make headway in digital TV's.

7) Shenzhen, (1.5 Million people): In 1980, this sleepy fishing village was made a Special Economic Zone. Residents today enjoy the highest disposable incomes on the mainland.

-J6P
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