China

Impact of China taken From China Inc. by Ted C. Fisherman

In the past, China’s enormous population was hard to feel and employ. Now China’s one-fifth of humanity must be seen anew: as the biggest market ever. As the customers of Citibank, Disney, Nokia, GE, Toyota, and Microsoft. As the critical mass in the coming order.

But even if you don’t read the business pages, the impact of China’s boom is hitting home in all sorts of ways both subtle and obvious that can be felt in our everyday reality:

• Mention an interest in China to your old friend who owns an industrial toolmaking shop and he confides that his factory, which was started by his father and has bought a comfortable suburban life for three generations of his family as well as good wages to hundreds of workers, “is getting killed by the people over there.”

• Talk to your family plumber, and first he complains that he spends all day replacing broken Chinese parts, and then he takes from his bag a Chinese part he says is better, sheepishly adding, “They’re actually pretty darn good now, and all we can get these days without spending a fortune.”

• Cross the street to the all-night city convenience store run by a family of Palestinian immigrants, and notice that behind the counter where cigarettes where once sold is a wall of no-name Chinese accessories for dozens of different brand-name cell phones - batteries, car adapters, earphones, and cases - none for more than $12. They’re selling great, the man at the cash register says.

• Meet a smart old high school friend who always wore thick glasses, but whose nose is now bare. He teaches English at a giant private language school in Shangahai but is home to show off the results of his $600 laser eye surgery, performed, he says, in an ultramodern Chinese clinic for a tenth the price the procedure would cost at home.

• Stop at the auto supply store for windshield-wiper fluid. Half the store is now a showroom for small Chinese motor scooters, some of which look like half Harleys, others like Ducatis. Most cost less than $300.

• Buy a real pair of Levi’s Jeans at Wal-Mart. They are cheaper than the new pair you bought twenty years ago.

• Notice that Armani emporium on Via Manzoni in Milan, the Italian fashion capital, revises its list of sister stores worldwide to include Shanghai.

China’s Miracle economy can come at you in a lot of ways, from all directions. And once China comes into view, it is hard not to see it everywhere. The fact is China is booming.

China Today according to Donald J. Trump

Globalization is a fact of life in today’s environment. As Robert described China and India as growing economies we must watch, I simply smiled - as once again we have been thinking alike. Many people think it will take years for China and/or India to approach America’s position as the largest economic power. But this may be yet another example of groupthink in process. Both Robert and I have seen their global impact already.

Recently, I was talking to a friend who lives in Europe, and he mentioned the huge amount of coverage China gets over there, compared with what we have about it in the United States. It’s a very big topic there. There are two facts alone about China that will indicate how that country is doing and where that country is going:

1. The first Starbucks opened in China two years ago. There are now more Starbucks in China than in the United States.

2. In the 1970s, Shanghai had exactly ONE skyscrapers. It now has close to 800.

As a builder of skyscrapers and having a Starbucks in Trump Tower, I find those two facts staggering. Those are just two examples, yet easily visualized examples that should bring something home: China is a big force, Its population is such that one in every five people in the entire planet is Chinese. Chine has a vibrant economy and workforce and has adapted very well to the new technology. The Chinese are industrious and disciplined. What does this mean? We can either close our eyes and be blown aside, or we can study China and position ourselves to benefit from the changes

Taken from “Why We Want You To Be Rich” by Donald J. Trump and Robert T. Kiyosaki