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Article: The bull in the China shop.
- Article from:
- Investors Chronicle
- Article date:
- May 27, 2005
CopyrightCOPYRIGHT 2005 FT Business. 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)
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THIRTY-ODD years ago, Monty Python wrote a tongue-in-cheek song about the Chinese. "There's nine hundred million of them in the world today, you'd better learn to like them, that's what I say," warbled Cleese and co. Since then, 900m has swelled to more than 1bn, and we certainly have learned to like them - and not just for their food. Now, businessmen dream about China. They imagine using its cheap labour market to solder circuit boards or, perhaps, to sell luxury goods to the country's rapidly growing middle class.
It would be easy to fill an entire page with amazing facts and figures about China: its size, its growth rates, how it will soon overtake the US as ...