ArcticGabe on 15 August 2010
Well, if anyone of you could understand Chinese then you would see there are a lot of talks going on in China about changing the economic growth from Export-driven to Domestic-Driven and to build some world class brands. They ain't stupid and they know that the cheap labour thingy won't last.
And about the speed of their development... its like the PRC's GDP was only a quarter of Japan's in 2000, but they were almost equaled in 2009...
The west won't be doomed as China rising, when Chinese have more buying power they will buy more western made stuff, lots of western companies have found huge success in China, Like the Chinese already saved some American car companies' arse during the recession...
