Nijenrode 16 October 2008. The Rise of China and the Global Financial Crisis. Willem van Kemenade www.willemvk.org www.clingendael.nl e-mail: firstname.lastname@example.org . The Rise of China Epic Challenge of the 21 st Century.
16 October 2008
The Rise of China and the Global Financial Crisis
Willem van Kemenade www.willemvk.org www.clingendael.nl e-mail: email@example.com
Huge state-conglomerates + Branches of multinationals
Massive industrial exports
High growth of 10% + based on investment rate of 40-45%
World class infra-structure
Fast rising wages but few labor restrictions
Aging population/one child ….
Second trading power in world
Fortune Global 500 List 2007: 24
Entrepreneurial-led fast dev.
High tech private enterprises
Rule of law, but huge backlog
Export of high tech services + outsourcing
Growth rate of 6 % with half the Chinese investment rate
Lower wages but too restrictive labor laws and frequent strikes
Young country, many decades
Minor league trader
6China and India: Partners and Competitors in the World Economy