Dragons at Your Door

September 25, 2006 Dragons at Your Door How Chinese Cost Innovation is Disrupting globular Competition Prepared by JS/RR/AK, 2008 Page 1 JS/RR/AK, 2008. HUAWEI TECHNOLOGIES CO., LTD. ‹date/time› ‹ footnote› ‹#› Even if chinaware becomes a large economy, it wont be a rich country Global Repositioning Estimate of earths largest economies in 2050 Trillions of Dollars ? china U.S. India Japan Brazil $44.45 35.16 27.80 6.67 6.07 Russia Britain Germany France Italy 5.87 3.78 3.60 3.15 2.06 ? Even if chinawares gross domestic product increased 600% in the last 23 years, chinawares 2002 GDP is only 1/4 of Japans, which has gone through 10 lost years. In 2000, GDP per capita was $848, compared with US $29,240, Japans $32,350. -Goldman Sachs & Co.

BusinessWeek 10/27/2003 China economy is moving from being centrally planned, to market-driven marketContribution to GDP by SOEs ? Changing economic mix ? Less assent on stateowned enterprises 1998 1978 ? Greater emphasis on private enterprises 20% 40% 60% 80% 100% 0% % of GDP China has historically been a superpower nation in the origination Chinas GDP as % of the world, dominant in 90% of the last 2000 years China 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100 1000 Year, AD 1500 1600 1700 1820 1978 2000 Europe/US Others The entire world economic order was literally Sinocentric until the 18th century. Christopher Columbus and subsequently him many Europeans up until Adam Smith knew that. Chinas balance of trade and payments surplus continued into the early nineteenth century. -Andre Gunder Frank, Global Economy in the Asian Age,University of California Press, 1998 - Deutsche Bank ground on US $ of 1990 But in the 16th century, China and the westward took two very different courses While the West experienced… ? Industrial Revolution …China went the other stylus and shut its door to the outside world ? Starting in 1434, Ming empire halted the great maritime expansion ?... If you want to get a full essay, order it on our website: Orderessay

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