Which companies in China are the best bets for relatively soon success in the global market?
1. Lenovo
2. Shand Interactive
3. Haier
4. Huawei Technologies
5. Baid.com
are the choice of a Businessweek article.
America's work force is getting older, as is Japan's and Western Europe. China has that huge population of all age groups to draw from.
China still relies on foreign capital and technology...if you can't build it, then buy it.
There is a giant gap between China and the advanced industrialized economies.
China claims its rankings by sheer force of number of people but that does not mean it will rank with the big players when it all pans outs, say 25 - 50 years from now.
Capitalism, with all its inherent evil and inequality still brought the US to where it is and Japan, sorta, and Germany, sorta, to where they are.
China is trying to skip that step. Or is it?
What do you think?
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I'm of the opinion that china is still very skeptical about capitalism but with their economy on the rise, china is slowly warming to the idea of capitalism but not necessarily the ideals of capitalism.
Posted by: Jose Moran | July 10, 2006 10:45 AM | Permalink to Comment