9 Jul 2018
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The economic prosperity of a country is in large part determined by its ability to make stuff.
Manufacturing is the process of taking raw materials to then value add and sell to the consumer.
China is the World’s number one exporter of goods at US$2.263 billion and is 46% larger than number two which is the United States at US$1.547 billion.
If we next look to the World’s 20 largest tech giants, the United States dominates with 12 but China makes up all the rest.
Click for charts.
It is difficult to see a scenario for this not being the Asian century.
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