Hello Blogfans!
Here I am with a new story about our latest stop and almost last country namely China! We expected that it would be crowded , China is known for his overpopulation , but to really experience it is another case. You really feel like an ant in the crowd.
But China has also good features. China is a really wealthy country and above all it’s one of the BRIC-countries namely the fastest emerging and developing economies. Like no other country China succeeds in producing products at low costs. The working costs are much lower than in other countries and that’s why many companies move their production firms to China to improve their competitiveness.
I hear you guys think: “That’s good for the companies.. but what about the power of the economies where all the companies leave?”
Well this is indeed a problem. For example , America’s huge trade deficit with China has raised concerns about the American competitiveness and jobs moving overseas. But there’s a glimmer of hope for America because China still has one weakness , they want to be strong in technology products but they still lack the knowledge. And now let that be the specialty of the Americans!
But China has also good features. China is a really wealthy country and above all it’s one of the BRIC-countries namely the fastest emerging and developing economies. Like no other country China succeeds in producing products at low costs. The working costs are much lower than in other countries and that’s why many companies move their production firms to China to improve their competitiveness.
I hear you guys think: “That’s good for the companies.. but what about the power of the economies where all the companies leave?”
Well this is indeed a problem. For example , America’s huge trade deficit with China has raised concerns about the American competitiveness and jobs moving overseas. But there’s a glimmer of hope for America because China still has one weakness , they want to be strong in technology products but they still lack the knowledge. And now let that be the specialty of the Americans!
While United States exports to the rest of the world have grown 55% over the past decade , American exports to China have jumped with 468%!
Most of those exports concerned huge quantities of microchips , computer components and aircraft.
The combination of a weakening American Dollar and China’s growing economic clout bode well for American exports.
But other countries that produce grain , chemicals and transportation equipment have also benefited. And China is hungry for other resources as well , like recyclable metals and paper.
Most of those exports concerned huge quantities of microchips , computer components and aircraft.
The combination of a weakening American Dollar and China’s growing economic clout bode well for American exports.
But other countries that produce grain , chemicals and transportation equipment have also benefited. And China is hungry for other resources as well , like recyclable metals and paper.
In my opinion China will be the new economic world power. It’s an economy that’s developing very fast and I think the change is very big that in a few years China will drive America away from the throne. But countries have to watch out for an exodus of their own national companies. For example in our own country , Belgium , almost all the big companies have left to countries where their production can be done at lower cost. So I think we should think about this problem and should try to make the Belgian market a lot more attractive to other companies so we can guard the power of our economy.
But now it’s time to explore this special and powerful country!
See you soon!
See you soon!
Greetings
Nelson
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