China- What future does it face in its ideological straightjacket regarding its economic development?
Where is China heading economically and socially? We can follow the well-worn path to prosperity...Japan did it, Hong Kong did it, Korea did it, and Singapore did it, etcetera. I feel that as labour gets more expensive, China will raise the value chain. Many claim that it is a given that in China:
a) The export onslaught is inevitable in most if not all sectors
b) Chinese exports will eventually meet and possibly surpass current premium quality standards for whatever product is being discussed
c) free markets are not going away
The challenge for Chinese products is whether they will ever b…
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