China is on its way to become a superpower in global market. Even the global economic crisis that is currently wreaking havoc in the rest of the world has not been able to crush the prospering economy of China.
China is gaining power continuously for the pas 20 years. While twenty or fifteen years ago we sneered at the quality of Chinese goods, today we gladly purchase a lot of Chinese items. Yes the quality of Chinese products was really bad a few decades ago. China had a lot of cheap labor which in theory should be a good base of great industrial capacity, but China lacked education and technology. So the government of China, a communist government might I add, opened up the country to foreign investors. A bold move if you ask me, considering the ideology. None the less it worked. Western and USA enterprises allocated their factories to China due to the cheap labor costs thus decreasing the manufacturing costs and the overall price of the produced items. That meant good news for the everyday consumer. They brought advanced technology to China and the people who worked at the factories became more skilled thus increasing the quality not only of Chinese products, but also the quality of life.
Now China exports a lot of stuff all over the world and it means a lot of money. People are not any more afraid to buy Chinese goods as the have acknowledged the increased quality. I myself have purchased some Chinese goods and at least until now I have not been disappointed. If China stays on it course I believe it can achieve global market dominance. Where else can you find a rather cheap labor force numbering in more than a billion?
