|
|
|
china economy tips
|
Shenzen - this place has problems
Seite:
1
2
|
Shenzen is in China: berlinstartup.de, Asia- Pacific Jens Hoffmann
Few cities anywhere have created wealth faster than Shenzhen, which was a sleepy fishing village in the Pearl River delta, next to Hong Kong, when it was decreed a special economic zone by Deng Xiaoping in 1980. The city has since grown at an annual rate of 28 percent.
Shenzhen owed its enormous growth to a simple formula of cheap land, eager, compliant labor and lax environmental rules that attracted legions of foreign investors who built export-based manufacturing industries. In recent years, cities from one end of this country to the other have tried hard to emulate Shenzhen, often quite successfully.
Today, however, the costs of Shenzhen's phenomenal success, from environmental peril to social degradation, stare out from every corner.
For some people, the city has begun to look less like a model than an ominous warning of the limitations of a growth-above-all approach.
|
Seite:
1
2
|
Business in China tips
China is presenting itself as an attractive investment opportunity. Today China ranks as the world’s sixth-largest economy. In just over 10 years its share of global trade is projected to be equal to that of the US. In 20 years, China is expected to be the world’s largest economy.
China is easy to describe as a consuming and exporting powerhouse (consumer- and export-driven growth). Its rising GDP per capita means increased spending power for Chinese consumers. Over half of its population is under 34 years old - young people, in their peak earning years.
Chinese prosperity will lead to new opportunities
China has 15 cars per 1,000 people, the US has 700 cars per 1,000 people. If car ownership in China doubles to just 30 cars per 1,000 people, it would mean 19.5 million new cars being purchased. Around 40% of China’s population live in cities, but the number of city-dwellers is increasing fast. As people migrate to cities, spending on real estate and infrastructure will increase.
Chinese exports have doubled in about 5 years. By contrast it generally takes most leading industrialised countries closer to 10 years to double exports. Nowadays goods were exported from China’s Guangdong province, which includes the busy Pearl River Delta, the average Chinese wages are the equivalent of about 1/20 of wages in G7 countries, increasingly making it the manufacturing hub of the world. And in addition to that, the Olympics 2008 is expected to drive at least US$33 billion in investments and contribute about US$180 billion in signed contacts.
|
|
|
Kontakt : webmaster
|
|
|
|
|
|
