China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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From: elmatador	3/14/2010 4:06:23 AM
	of 6370

Peter Drucker writes: ( Drucker, P., Managing in Turbulent Times, New York, Harper & Row, 1980): “ A well-known (USA) electronics company, one of the pioneers of semiconductor technology, has more than 12000 people —half of its labor force — in West Africa and does two-thirds of its manufactur¬ing there. I asked how much company capital was invested in West Africa, the answer was: “Two Pan-American round-trip tickets a month.” All the rest is bank credit obtained by the West African subcontractor against the parent company commitment to buy the products of West African labor.” Today, 30 years after Peter Drucker wrote: 50% of China's trade is processing trade and 60% of exports are foreign-invested enterprises or joint ventures. I open a shop. Local banks provide credit. Buy components and parts, assemble, test, pack ship. Now realMulan says: "The best possible net profit is only bet. 1-3%, and a lot of them lose money! And they have NO pricing power whatsoever". How could China afford all the investment they did with that profitability?

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