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China Life Insurance Co. Ltd. Message Board

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  • eparho eparho Oct 19, 2007 9:19 AM Flag

    Chinese companies will soon dominate the world..It's a reality now

    while we can't underestimate the chinese, i personally think it's deja vu... think back to the 80's with japan. we were all led to believe that the japanese would control the world in 10-15 years (big yawn). same stage, different country this time around. quite frankly, and i don't mean to sound rascist, but the east asians seem to do better following the pact, as opposed to leading the pact. there's no denying the dynamism and hard work ethic of these people, but aside from mimicking (note I'm not using the word copying) business models from other countries, there hasn't really been much original thought or creation coming out of these countries.
    china will a big story these next 10 years, but UNLESS they start developing their internal markets and ditch the save-every-penny mentality and learn how to be good consumers, they will probably go the same way of the japanese... (guarded affluence in a stagnant economy)

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