Eating your lunch?

China´s economic success should be seen more as an opportunity than a threat

But most of the economic fears that China arouses – that it will drive everybody else out of business, that it will always be super-competitive in everything, that it will cause mass unemployment – are plain wrong. They ignore all the benefits of China´s growth. They also ignore elementary economics.

The world has been here before....

China´s contribution to world demand is vital ...

(The Economist, editorial, 15-21 February 2003)

A billion blessings

Millions of consumers in other countries are gaining from the low prices and high quality of Chinese goods.

A billion Chinese are escaping the dire poverty of the past.Business across the globe will profit from supplying a vast new market.These are wonders to be celebrated, not threats to be agonised over.

(The Economist, editorial, 15-21 February 2003)

See also:“Is the wakening giant a monster?”The Economis, 15-21 February 2003, pg. 65-67

Financial Times

I – How cheap labour, foreign investment and rapid industrialisation are creating a new workshop for the world (FT, 4 February 2003, pg. 13)

II – Cut throat competitors: 86% of goods are over- supplied, yet factories run at full tilt as prices are slashed (FT, 5 February 2003, pg. 11)

III – A better life on the production line (FT, 6 February 2003, pg. 7)

Macau

A gate to the Pearl River Delta (South China Sea)as well as Hong Kongboth autonomous SARs (Special Administrative Regions) of PR Chinaboth cultural interfaces between occidental and oriental marketsborders with Guangdong province of PR China

Guangdong pecial economic zones:Dongguan (running shoes)Shunde (microwave ovens)Zhogshan (electric lighting)Zhuhai (computer games consoles, golf clubs)Shenzhen (photocopiers, artificial Christmas trees, WallMart

purchasing centre )