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To: Ilaine who wrote (114865)	7/31/2001 8:36:59 AM
From: Don Lloyd	Respond to of 436258

CB - FWIW - japantimes.co.jp "Asia's next crisis: 'Made in China' Rapid evolution of Chinese economy threatens regional status quo By KENICHI OHMAE Two seemingly separate events occurred this month: Beijing was awarded the right to host the 2008 summer Olympic games, and stock prices and currency rates in Singapore, Taiwan, and Hong Kong hit their lowest weekly marks since the 1997 Asian crisis. Together, this says a great deal about the future of Asia -- and the immense challenges that the rest of the world faces from China. Policymakers and industrialists will be paying a great deal more attention to China in the near future, but not because of human rights, the militarism of the central Communist government, or the opening of Chinese markets. The Chinese production economy is about to explode with accelerating vitality, and the rest of the world is unprepared for it. I saw the implications of this recently on a visit to a 3-year-old manufacturing plant in the Pearl River Delta, one of the fastest-growing regions in China. This plant had 50,000 workers -- all young women, and none wearing eyeglasses. "Don't you have any employees with bad eyesight?" I asked the manager. He replied: "We fire them when their eyes go bad. They can find another job -- that's not my problem. There are plenty of people who want to work for us." From the perspective of industrialized nations, practices like this are brutally cruel and would not exist in any other nation of China's stature due to labor laws. But in Shengzhen, Shanghai, Suzhou, Dalian and many more Chinese cities, where hundreds of millions of people eagerly flock to urban jobs from the hinterlands, such practices are taken for granted...." Regards, Don