Today was the first morning that the Vancouver Sun was delivered to my apartment, after subscribing to it last week at the University’s “Shopping Week”. A student offer of $56.00 for 7 months, how could I turn this down?!
“Dell to invest $100 billion in China by 2020”. I don’t think any explaining needs to be done as to why that headline caught my eye as I flipped through the Vancouver Sun this Saturday morning. The article talks of how Dell needs to invest in order to support rapid growth, research and development in the region.
The Chinese economy has been expanding at breakneck speed over the past two decades. It’s GDP has grown from US$357 billion in 1990 to $4.33 trillion in 2008. China has sent an astronaut to the moon, hosted the recent Olympics and presently, the Shanghai Expo (which cost China some US$54 billion). These are just examples as to how China cannot be ignored as a rising power.
As much as we may or may not like it, the emergence of China as an economic superpower is no longer a question. With a closed political and centralized system, China has the potential to bring financial shock to the world market…
References:
“Dell to invest $100 billion in China by 2020″ Vancouver Sun 18 September 2010: D5. Print.
“Gross Domestic Product: GDP in current U.S. dollars″. Statistical chart. Google Public Data. Last updated 26 July 2010. ‹http://www.google.com/publicdata?ds=wb-wdi&met=ny_gdp_mktp_cd&idim=country:CHN&dl=en&hl=en&q=china+gdp+statistics›