3. The reasons for China’s growth The transformation from shops to hi-tech involves massive infrastructure growth Sweatshop for MNCs Emergence of discretionary spending Demand for durable goods, brands etc. wages Higher productivity Urbanisation higher labour cost Construction site labour concentration Technology competence experience the society is no longer poor easier logistics conditions Equipment demand competitiveness increase in production domestic supplies infrastructure Education Hi-tech production economy domestic supplies knowledge competence Growing exports Demand for raw materials 1970-1999 2000-2015 2015 +
4. China today – a switch to a strong domestic market China is becoming a strong market for both consumer goods and raw materials Sweatshop for MNCs Emergence of discretionary spending Demand for durable goods, brands etc. wages Higher productivity Urbanisation higher labour cost Construction site labour concentration Technology competence experience the society is no longer poor easier logistics conditions Equipment demand competitiveness increase in production domestic supplies infrastructure Education Hi-tech production economy domestic supplies knowledge competence Growing exports Demand for raw materials
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8. China today – a switch to a strong domestic market China is becoming a strong market for both consumer goods and raw materials Sweatshop for MNCs Emergence of discretionary spending Demand for durable goods, brands etc. wages Higher productivity Urbanisation higher labour cost Construction site labour concentration Technology competence experience the society is no longer poor easier logistics conditions Equipment demand competitiveness increase in production domestic supplies infrastructure Education Hi-tech production economy domestic supplies knowledge competence Growing exports Demand for raw materials
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11. China today – a switch to a strong domestic market China is becoming a strong market for both consumer goods and raw materials Sweatshop for MNCs Emergence of discretionary spending Demand for durable goods, brands etc. wages Higher productivity Urbanisation higher labour cost Construction site labour concentration Technology competence experience the society is no longer poor easier logistics conditions Equipment demand competitiveness increase in production domestic supplies infrastructure Education Hi-tech production economy domestic supplies knowledge competence Growing exports Demand for raw materials