Happy Year of the Goat or Sheep!
Over the past 20 years China has:
· Increased its GDP and GDP per capita over
15-fold and surpassed Japan along the way to become the world’s 2nd largest economy from a position in
1994 where it was the size of a combined Korea and Hong Kong
· Gone from a weighting of 0% in the MSCI
Asia ex-Japan Index in 1995 to 27% today
· Seen its urbanisation rate almost double
· Witnessed auto production move from 2m per
annum in 2000 to an ave of over 2m per month in 2014
· Increased its foreign exchange reserves
from US$73bn in 1995 to US$3.8 trillion (the size of the UK’s stock market)
· Added 150m people to its population – and
returned Hong Kong and Macau to its sovereignty
· Become only the third nation to
independently put a human into space
· Provided a >5x increase in average
annual wage since 2000
· Become the world’s largest single consumer
of a long-list of consumer items and natural resources
· Moved into second place behind the US for
highest number of millionaires
· Joined the WTO and projected its economic
(and military) strength across the globe
· Risen from a position of nowhere to become
the world’s biggest luxury-goods market
· Become the number 1 global patent filer
· Doubled its living space per capita while
adding billions of gross floor area square-metres in housing
· Built the world’s largest business port and
longest high-speed rail network
· Hosted a successful Olympic Games
· Increased the number of commercial aircraft
>5x and the amount of international travel 10x
And your forecast for the next 20 years ? 5% growth ?
ReplyDeleteMore with the relaxation of the one child policy!
ReplyDeleteNo more human rights issue (try anyway). Not to mention animal welfare.
ReplyDeleteIn our dreams ED!
ReplyDelete