Can the Chinese economy be sustained?
A closer look at the issues that threaten China’s continued growth Note: MMA President Jay C. Moon, CEcD, recently participated in a two-week tour of China with the Society of International Business Fellows. Following is an editorial describing his impressions of the Chinese economy as a result of that trip and China’s impact on manufacturing in the U.S. and in Mississippi. The rapidly developing nation of China, more than any other country today, has captured the interest of the world. Seemingly overnight, this country with a 1.3 billion population has taken an economy that was largely stagnant and turned it into a manufacturing powerhouse. Developed economies around the world, including the United States, have been severely challenged by China’s seemingly endless supply of cheap labor. Since 1980, China’s economy has grown by more than 9 percent per year. The country now manufactures 75 percent of the worlds toys, 58 percent of the clothes and 29 percent of the mobile phones. More th
