The fact that China has come to dominate an industry that was banned 30 years ago shows just how much the country has changed. Three decades ago -- under Deng Xiao Ping -- China changed gears radically and joined the world market.
Today, it's a manufacturing juggernaut and 40 per cent of the country's wealth comes from exports. But with the global economy tanking, many of China's best customers don't look like they'll be buying much in 2009. That suggests tough times ahead for China.
To listen to the audio clip, please click here, and on that webpage, turn on the build-in Adobe flash player "Listen to Part Two".
No comments:
Post a Comment