Dear MEL School’s Topic Readers,
China betting big on these 10 industries
Big picture for the next decade. Having
become the largest market in automobiles and mobile phones as well as the
largest importer of oil not to mention the industries exporting goods and
merchandises to all over the world, China revealed its ambitious plan to grow
10 business categories to lead the global market. Their plan mainly focusses on
machineries, transportation and information technologies.
Since its huge domestic market has grown
these industries to some extent, those businesses, both private and state-owned,
seem to be ready to compete in the global market places particularly with their
cost advantages.
However, as quality standards and customer expectations
in these business categories are high, the key to success may depend on how
well they learn from others’ successes and their own mistakes.
Enjoy reading and learning what China is up
to for the next decade.
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