First, they bridge the growing income chasm between the urban rich and the rural poor. However, the influx of these rural peasants into urban areas inspires as much fear as hope among China's coastal urban elite, which depend on the constantly growing flow of migrant laborers as the lifeblood of the nation's economic boom. The high growth rate has meant that for the first time, the average consumer is able spend money on non-essential clothing and household products, such as color TVs, multispeed bicycles, and even the occasional fast food meal. China will likely remain politically stable, at least for the next decade. The international business network of overseas Chinese will be an important economic force.
Business opportunities abound in China's urban centers and in the Middle West.
Modern personal and business financial practices will accelerate the Chinese market. Look for business opportunities in education reform and technology innovation. Information and communications technology will be growth areas. Age and life-cycle differences are key to understanding and working in China. All rights reserved.