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The Chinese market will grow forever

In: Myths about doing business in China

Author

Listed:
  • Harold Chee
  • Chris West

Abstract

China has been defying economic gravity for a number of years now, confounding the doomsters. This will continue. Labor costs will remain low: there is an almost endless supply of surplus labor out there in the countryside to ensure this. At the same time, a middle class is developing, which will: first, save; second, provide ever-increasing demand for more sophisticated goods; and third, provide ever-improving leadership in both civic and commercial sectors. The government will not back down from its free-market stance, because it knows this is the only way it can generate the ever-increasing wealth that will keep people content (and itself in power).

Suggested Citation

  • Harold Chee & Chris West, 2007. "The Chinese market will grow forever," Palgrave Macmillan Books, in: Myths about doing business in China, edition 0, chapter 0, pages 11-28, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28677-1_3
    DOI: 10.1057/9780230286771_3
    as

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