Why do you think that china is going to experience the greates economic growth in the next ten years?

Answer 1

Partly because they work people horridly cheaply and sell goods up to high standards. More because other countries and the people in them are willing to buy the goods.
And, labour will probably stay cheap because there are so many willing workers for the foreseeable future.
Now, before I buy I consider how the chinese have little or no respect for animal or human rights. They only want our money, they are NOT our friends, and are really doing us no favours.

Answer 2

It's simple economics. The workers get a base wage of 4-5 yuan /hr. This relates to approximately 20 times less than the wages in the western world. People, being what they are, want something for next to nothing. Therefore they will accept cheap imports coming into their countries. Local companies cannot compete with these prices so they have to go offshore to remain competative or they go under. The sad part about this is that as the companies go offshore then there will not be any one needed for training for the future in those countries as they will be too expensive & those countries infrastructures will collapse. When they have collapsed the chinese will then have a monopoly on production of virtualy everything consumers want & will be able to start charging the prices they want. I have been to china 5 times in the last year for my company to train workers in a factory to make the products we currently make here but cannot compete with price wise because of the cheap labour content supplied by china. In my opinion, given 20 years most countries will be worse off for many reasons. But the main reason will be the high prices being charged by china. Those countries will not be able to restart again because of the enormous costs involved in trying to set up busunesses again.

Answer 3

They probably won't.
China is reigning in it's runaway economy.
They will keep growth below 10% per annum.
All the easy revenue avenues are congested, the underlying problems China has still remain. Foreign investment will remain controlled, given China's historical insecurities.
The Chinese government will not allow any entity it does not control completely to gain any economic power.
Other countries remain better positioned for economic growth in the short term.

Answer 4

I don't think so at all. I think China is about to suffer the biggest economic crisis in the next ten years. The US consumer is giving in, the housing bubble is exploding worldwide, the Chinese producers will find that there are no foreign consumers anymore, prices will drop and bankrupcies be plentiful, social unrest may be major ..

Answer 5

1. Theirs will not be the country with the highest growth of GDP in percentage every year - but it has been doing very well overall in recent years
2. They have achieved a lot of investment in industry, infrastructure, globalisation (expansion of intl companies there),...
3. They do not waste as much time and money as we do on as many things (eg holding elections, football, going on strike, Mediteranean holidays, football, pop music, football, govt racial equality consultants ...)
4. They have a lot of cheap labour because half of them are still in extreme poverty and willing to do a lot of work for next to no money
5. They can get more done than us because they are willing to work even longer hours than us and work on weekends too (which is rare in Europe outside London)

Answer 6

I believe they are doing most of the right things now: such as dealing with high ranking corrupted officials, open up to western world, restraining itself from attacking Taiwan, keeping up with America in good diplomacy, developing its western regions, dealing with North Korea decisively by showing the world it has what it takes to be a matured and responsible world power, curbing population growth, securing oil resources to fuel it's growth, allowing capitalism although it practice communism. And lots more. Cheers.

Answer 7

Yes. Exports>imports = more money going into China, less coming out. They also are going to experience a huge boom to their workforce which will increase productivity and their economy.

Answer 8

When China open up her economy and with U.S cooperation ,China quickly learned that she has large pool of talents and labors and cheap resources to boot! But what really make the killing was the decision to pegged US$1 to RMB$8.2++ This make the prices of her products dirt cheap.But China dont need to import food and raw material from U.S,that why with the unfair exchange rate,China could still survive.It is like I just sell to you,keep the money and plant my own food and not buying anything from you.China keeps stashing up U.S money treasury.Why?I dont Know .They has an agenda..Bush keeps hammering about the exchange rate without success.Why? because China has lots of nukes!!! and Bush is scared of China (or else.. bomb iraq because she had no nuke...this is a fact...thats why he dares not touch N.Korea,Russia,Iran but bombs the weaks)
USA could only halt China by
1) WAR...Out of Question since she has nuke
2)Do some thing about the exchange rates...how could Chiana produces a T shirt that costs $1 ??When it cost at least $10 in USA???Because of the exchange...But as I said before China dont need USA products.They buy cheaply from her neighbors.USA keeps buying because China the lowest
3)Harsh economy blockage...Thats again means war
4)Buy up commodities from China neighbors.Prevent her from cheap raws...Thats again mean war
5)china is not super intelligent but super low rates...and abundunce of food..
If American keeps buying,Then one day China will beef up her military beyond USA and with the whole world regards her as big brother....USA days as sole world super power is numbered

Answer 9

very cheap labour which everyone is exploiting and china has a history of cheap manufacturing.

Answer 10

they are very lucky. they do not have to go round the world.fighting needless wars ; like Mr bush; and Mr blair.