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Article: The China factor: the already considerable growth of the Chinese economy may just be starting. (Commodity Focus).
- Article from:
- Recycling Today
- Article date:
- August 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 G.I.E. Media, 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)
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China will become the leading economic force in Asia. China is the only country whose economy is set to grow 7 to 9 percent annually. The nation currently has a total population of 1.3 billion people, or 21 percent of the world population.
China is becoming a manufacturing superpower. Recently, Intel Corp. invested $100 million in Shanghai to assemble Pentium 4 microprocessors. Dell Computers moved its giant PC making operation from Kuala Lumpur, Malaysia, to Xiamen, China, and Cisco Systems closed its manufacturing facilities in Mexico and moved to China.
Why are these multi-nationals all going to China? Because of low wages, higher productivity, an ...