Making money on the China Boom: Page 46: America's economy is still twice the size of China's and draws strength from high education, flexible labor markets and superior innovation."The Future of Community Colleges" published by Congressional Record,July 18, 1974 is a reference for the role of higher education re the training of skilled labor to enhance productivity in the USA as labor market flexibility.
Page 50: Rising food prices sent inflation in China to an 11- year high. However,
an emerging middle class of some 250 million strong is developing a taste for shopping and travel that could mean sustained gains for firms in those sectors. Shaun Rein, a director at China Market Research Group,says 2008 will be a good year for firms catering to that market. New Oriental Education and Technology, an expanding network of test prep and English language schools is gaining momentum.
PetroChina's future looks better than the past. Firms apropos of infrastructures are well positioned to serve both developed and emerging markets i.e. USA and China.
Page 54: Investors pile into BRIC countries i.e. Brazil,Russia,India and China. That remains to be seen for the outcome of such investments.
Francis Shieh a.k.a. Xie Shihao. January 10, 2008
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