About China Leader of the New World Economy

Please take one item that is around you in this moment and look at the label. There is a whopping 82 percent chance that it was either made in China or made from parts that came from China. Now, because they have the largest population of any one country on the planet, they are capable of producing enormous amounts of products that can easily be enough for the entire planet. China Leader of the New World Economy is not a theory anymore, it is becoming a reality.

If you think about it, they are not only basing their economic increase of recent times on great productivity, they are also starting to increase the quality of these products. It is widely known that up until the 1980’s China made products were very decent, pricing and quality wise, but after the western countries started developing products that rivaled the Chinese ones, China had to choose between providing with cheaper products or with top quality ones. It is believed that they actually done a world wide market survey and decided that they need to provide with products that were as cheap as possible. This is why the quality left a lot to be desired.

However, right now you can find a lot of very good quality products made in China and even cars that have been developed and built there are staring to rival the western manufacturers in terms of reliability and price. Luxury is still out of the question, but when the Chinese start buying western car manufacturers we are certain to see some Rolls Royce and Bentley rivals come from the Asians.

In any case, China Leader of the New World Economy will surely be a reality not far from now and it will all be down to the fact that they have found the perfect way to build products that provide with decent quality for the least amount of money.
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About the Author

Richard F. Frank
Richard F. Frank is retired as a professor of international economics, a discipline he taught at the college for over thirty years. Today, he enjoys life and long walks with his dog along New England shores. A few years ago he was introduce to the power of the Internet and how he could make money online by writing about his passions in life and on Its own expertise in the world of economy. Richard started blogging on different topics he knew and was passionate about. Today, he has become a successful online entrepreneur and an enthusiast blogger.

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