Eating your lunch?

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• Eating your lunch?
• Chinas economic success should be seen more as
  an opportunity than a threat
• But most of the economic fears that China arouses
  that it will drive everybody else out of
  business, that it will always be
  super-competitive in everything, that it will
  cause mass unemployment are plain wrong. They
  ignore all the benefits of Chinas growth. They
  also ignore elementary economics.
• The world has been here before....
• Chinas contribution to world demand is vital ...
• (The Economist, editorial, 15-21 February 2003)

2

• A billion blessings
• Millions of consumers in other countries are
  gaining from the low prices and high quality of
  Chinese goods.
• A billion Chinese are escaping the dire poverty
  of the past.
• Business across the globe will profit from
  supplying a vast new market.
• These are wonders to be celebrated, not threats
  to be agonised over.
• (The Economist, editorial, 15-21 February 2003)
• See alsoIs the wakening giant a monster?
• The Economis, 15-21 February 2003, pg. 65-67

3

• Financial Times
• I How cheap labour, foreign investment and
  rapid industrialisation are creating a new
  workshop for the world (FT, 4 February 2003, pg.
  13)
• II Cut throat competitors 86 of goods are
  over- supplied, yet factories run at full tilt as
  prices are slashed (FT, 5 February 2003, pg. 11)
  
• III A better life on the production line (FT,
  6 February 2003, pg. 7)

4

• Macau
• A gate to the Pearl River Delta (South China Sea)
• as well as Hong Kong
• both autonomous SARs (Special Administrative
  Regions) of PR China
• both cultural interfaces between occidental and
  oriental markets
• borders with Guangdong province of PR China
• Guangdong pecial economic zones
• Dongguan (running shoes)
• Shunde (microwave ovens)
• Zhogshan (electric lighting)
• Zhuhai (computer games consoles, golf clubs)
• Shenzhen (photocopiers, artificial Christmas
  trees, WallMart purchasing centre )

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