| The China boom is by now a
well-documented phenomenon. Who hasn't{{U}} (1) {{/U}}the Middle
Kingdom's astounding economic growth (8 percent annually} , its tremendous
consumer market (1.2 billion people), the investment enthusiasm of foreign
suitors ($40 billion in foreign direct investment last year{{U}} (2)
{{/U}})? China is an economic wonder. {{U}}(3) {{/U}}Nicholas Lardy
of the Brookings Institution, a Washington D．C．-based think tank, "No country{{U}}
(4) {{/U}}its foreign trade as fast as China over the last 20 years.
Japan doubled its foreign trade over{{U}} (5) {{/U}}period; China's
foreign trade was quintupled(使成五倍). They've become the pre-eminent producer of
labor-intensive manufacturing goods in the world. " But there's been{{U}} (6) {{/U}}from the dazzling China growth story-namely, the Chinese I multinational. No major Chinese companies have yet established themselves, or their brands, {{U}}(7) {{/U}}the global stage. But things are now starting to change. {{U}}(8) {{/U}}100 years of poverty and chaos, of being overshadowed by foreign countries and multinationals, Chinese industrial companies are starting to make a mark on the world. A new generation of large and credible firms{{U}} (9) {{/U}}in China in the electronics, appliance and even high-tech sectors. Some have{{U}} (10) {{/U}}critical mass on the mainland and are now seeking new outlets for their production-through exports and by building Chinese factories abroad, chiefly in Southeast Asia. |