I have just recently returned from Beijing, in China. I was amazed at both the variety and progress of the place and its people. Make no doubt, China is a force to be reckoned with – their desire to succeed is obvious. There was every evidence that they have both the skills and technology to support that success too.
My observations are supported by an article in BusinessWeek that stated China’s ability to produce technology products were surpassing other traditional producers at a cheaper price. China is now “fabricating 12-inch silicon wafers that experts say is just two generations behind Intel Corp”. Harvard University economist Richard B. Freeman is quoted as saying “What is stunning about China is that for the first time we have a huge, poor country that can compete both with very low wages and in high tech”. China is quickly becoming a knowledge economy that may soon surpass the rest of the world.
References
Pete Engardio and Dexter Roberts, “The China Price”, BusinessWeek, 6 December 2004, http://www.businessweek.com/magazine/content/04_49/b3911401.htm
Craig Hansom. 25 October 2009.
Posted by The Marketing Gangster 
