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China INC explains how china is becoming the greatest supreme power in very near future. China is the fastest growing country in the world. China is growing three times faster than U.S. and uses more materials and man power than any country.
Tod Fishman reveals that the huge population and cheap labor plays an important role in influencing the Chinese market. Workforces are not only cheap but they are well trained and operate under a stable political system. Fishman stated that the large number of people migrated from the countryside to the rural areas which deliberately decrease the demand of work force and lead the path to cheap labors. Second factor is the local market is viewed as the “biggest market” where one-fifth of the humanity in the world lives in china which also attracts the global players. Fishman also states that china become the largest manufacturer of electronics product. This shows the improvement in technology and china is moving rapidly in biotech and computer manufacturing.
Although Fishman showed the factors influencing the world market but he didn’t discuss about the ruin of culture when people move from countryside to urban areas.
Fishman observes infrastructure in china is getting better due to privatization of common resources such as roads, water and energy. He also reported the change in political views from communism to Marxism influences the economy of china. Fishman states that “economical miracle” is happening in china and in 20 years if they compete with the quality of the product then china can make everything that U.S. and Europe can make at one third of its price.
Fishman states that china in recent years has lifted more people out of poverty than any other country in the world. Finally the author concludes that china is in right track to attain its supreme power in few fore coming years.