China's "Great Leap Forward"
China has really blossomed economically in the past decade and are continuing to up the ante for every other competing economy in the world. This article from Slate, http://www.slate.com/id/2113345/, crunches some interesting numbers on how China is growing, such as receiving more foreign investment capital ($53 Billion) than any other country. Also, discussed is China's manufacturing strategy of being able to undercut competitors labor costs significantly, which has given many companies' no choice, but to send their manufacturing to China. It is expected that these costs will continue to stay low with so many unemployed farmers and state workers sitting on the backburner.
Posted by heat at 2/16/2005 08:48:00 PM