|
|
Article: Fast lane to China: companies that never thought of doing business overseas are now looking to the thriving Chinese economy.(Business of Technology)
- Article from:
- Computer Technology Review
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 West World Productions, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
China's manufacturing industry has taken the world by storm. Some industry analysts estimate that China now produces 50% of the world's cameras, 30% of the air conditioners and televisions, 25% of the washing machines and 20% of the refrigerators. Driving this trend are big multinationals, like General Electric and Toyota, which are building or expanding their manufacturing units. Technology giants such as Intel, which is now shipping Pentium 4 chips from a $500 million Shanghai plant, have also done their part. But there are signs--plenty of stories, if not hard statistics--indicating that many smaller firms, with sales in the $100 million to $1 billion range, are heading ...