{"id":14345,"date":"2014-01-30T04:16:29","date_gmt":"2014-01-30T03:16:29","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=14345"},"modified":"2014-01-30T04:16:29","modified_gmt":"2014-01-30T03:16:29","slug":"china-from-manufacturing-to-buying","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/china-from-manufacturing-to-buying\/","title":{"rendered":"China: From Manufacturing to Buying"},"content":{"rendered":"

For the better part of 20 years, China has been the world\u2019s factory, and its low labor costs have helped tamp down inflation in developed nations by allowing them to import cheap, Chinese-made goods. The torrent of foreign direct investment (FDI) that flowed into mainland China\u2014some $900 billion since 1990, according to United Nations data\u2014helped finance factories along the southeastern coast that slaked the global thirst for inexpensive goods. It also underpinned phenomenal economic growth. The country\u2019s GDP grew from $357 billion in 1990 to $9.3 trillion last year, a nearly thirty-fold increase in a single generation. But that growth also spurred deep social changes. Millions migrated from inland, rural provinces to coastal cities in search of manufacturing jobs, and some 300 million Chinese vaulted into the middle class. The net result: China\u2019s days as the world\u2019s low-cost factory are numbered. They\u2019re going to be buyers now. \u00a0China – From Manufacturing to Buying<\/a>
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For the better part of 20 years, China has been the world\u2019s factory, and its low labor costs have helped tamp down inflation in developed nations by allowing them to import cheap, Chinese-made goods. The torrent of foreign direct investment … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-14345","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t