In 2010 China passed Japan as the world second largest economy based on GDP figure. It now only has the United States above it, but it can only be a matter of years (10 to 15) before it reaches the top spot. A combination of cheap labor and a can do attitude has transformed China from a mainly agricultural society to one that has become the world’s factory. Everything from cars to toys to highly delicate electronic goods such as your iPhone or Motorola Xoom tablet are made in China.Monday, February 21, 2011
China: The World’s Factory
In 2010 China passed Japan as the world second largest economy based on GDP figure. It now only has the United States above it, but it can only be a matter of years (10 to 15) before it reaches the top spot. A combination of cheap labor and a can do attitude has transformed China from a mainly agricultural society to one that has become the world’s factory. Everything from cars to toys to highly delicate electronic goods such as your iPhone or Motorola Xoom tablet are made in China.
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