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Word Count: 592
Date January 20 2003 Title Coping with China FORTUNE Author Clay Chandler Page P46-52 Summary China becomes the hottest topic around the world within this years you can find that the rapid economic growth in China obviously therefore the competition of China in the future cannot be ignored Due to the admission of World Trade Organization WTO the future of China had been predicted as good as possible Actually the economic performance of China in this year is better than many others Asian countries In addition as the time of worldwide economic deterioration China still had an amazing result in the past two years The outputs of China are exported to all over the world it is including some of the famous brand names As you know China is becoming the greatest manufacturing and industrial region and replacing the duty of the rest of Asia Singapore she had a great performance in the past decade however she is also affected by the worldwide economic deterioration Some of the investors are giving up to invest in the Singapore anymore and the economic confidence of her is missing Therefore the competition of Singapore is decreasing And this is also shown the leading position of China Moreover such as Japan and Taiwan these two islands are leading the electronics field of Asian But they are directly vulnerable to Chinese competition Of course Japan has a huge lead over China in technology and management expertise so the compete among China and Japan is not so much not more than 16 However the speed of China development On the other hand the competition of Taiwan is declining the performance of Taiwan is poorer and poorer Most of the Taiwan companies are moving to Mainland due to the lower production cost in China Moreover if you observe carefully you can find that the investment from foreign companies in Mainland is not only increasing but also much more than other Asian countries
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