Wednesday, August 23, 2006

Inside China's Economic Boom

  • Chinese manufacturers have succeeded in saturating markets in low-tech labor-intensive products with little profit margin; they're pondering how their upward trajectory can be maintained
  • One sign of the economic boom is construction.... Even official figures show that in some areas of China, 90 percent of land requisitioned by the government is seized illegally
  • China's anti-counterfeiting organization says fake products now account for 27 percent of the country's industrial output. It's a booming market

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