Very Special Chocolats, a manufacturer of fancy candies in Azusa, Calif., bought baskets and straw for its holiday gift baskets from China. Soon its basket supplier, James Chang, asked the company to send him candies and jellies so he could sell gift items in China. No accident that such business is small in scale. Many people assume that China's economy is already big. But it isn't.
China wants investment from world capital markets.
It needs to build up its infrastructure and to create 20 million jobs a year to keep pace even with the growth of its urban work force. Investment from expatriates Most foreign investment in China in recent years has come from overseas Chinese business people, particularly from Taiwan, which operates factories and trains software engineers and other tech workers in China. That will change, but not very fast if permanent normal trade relations passes next week. Qualcomm will participate in a joint venture with a Chinese company to make cellular telephones. Banking, insurance and other business will follow over the next decade.