Magazine article New Internationalist

On the World's Factory Floor

Magazine article New Internationalist

On the World's Factory Floor

Article excerpt

It's hard to imagine that before 1979 - the year that China opened its economy to world trade - buying goods 'Made in China' was rare. Since then its exports have increased by more than 10,000 per cent.2 Averaging nearly 10 per cent yearly growth over the last decade,1,2 China is leading the capitalist pack. And this year is no exception. As the global economy declines, commentators say that China's economy will defy the trend and grow between 5.5 and 8 per cent.3 But with growth come costs. Here are just a few...

[Reference]

1 The US-China Business Council, China's Economic Statistics, 2009. 2 From 1979 to 2008, exports increased from $14 billion to $1,429 billion. Wayne M Morrison, China's Economic Conditions, Congressional Research Service, Washington, March 2009. 3 World Bank, China Quarterly Update & Global Economic Prospects, March 2009. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.