The Chinese market will grow forever

Harold Chee and Chris West

Chapter Myth 2 in Myths about doing business in China, 2004, pp 11-27 from Palgrave Macmillan

Abstract: Abstract China has been defying economic gravity for a number of years now, confounding the doomsters. This will continue. Labour costs will remain low: there is an almost endless supply of surplus labour 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).

Keywords: World Trade Organization; Banking Sector; Surplus Labour; Chinese Bank; Agricultural Labour Force (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50886-6_3

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DOI: 10.1057/9780230508866_3

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