In 20 years, China transformed itself from a country that people looked down to a global powerhouse. With a total GDP of $5.93 trillion dollars last year, it is 2nd only to the US.
In this blog from Harvard Business Review, the blogger states that the major cities in China such as Beijing and Shanghai make Western and European cities look like the countryside. As we have discussed in class, many large corporations prefer to have their headquarters located in the countryside for cheaper cost and a stable work force. However the opposite is true for China, where all the large corporations are located in the big cities. Why you ask? Because China is only developed in those cities. I agree with the blogger that the gap between the cities and the countrysides is simply too great. People in the countryside are not educated enough to work in a serious business environment. In order for China to truly become a global leader, it needs to develop all around, not just those couple places they can show off.
But I guess we shouldn’t be too hard on them, after all they accomplished this much in 20 years. Who knows what will happen in another 20.