china-û-factory-of-the-world

China û factory of the world

Why ChinaÆs importance to global retailers will continue to grow in the foreseeable future.
China has become the worldÆs second largest economy in terms of purchasing power parity. Its rise to economic superpower status is being recognised by the West, with some predicting that it will overtake the United States and Germany within five years to become the worldÆs biggest exporter. China already accounts for 6% of world exports and, as stated by a recent report from the Organisation for Economic Co-operation and Development OECD, ChinaÆs share is on track to increase to 10% by 2010.

China has registered a phenomenal 9% annual growth rate in gross domestic product over the past two decades, and this is not...
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