I agree that China is going to have to review some of its policies in order to keep up with the growth. Much like the U.S. China is now being looked upon as a globally financial superpower. If China's economy was to take a serious downturn the results would be felt worldwide.
As an employee of a large international company, I have watched my company make extensive growth in China and the Asian market. We have expanded with a new production plant in China to help with the growth. We are banking on large growth in the Asian market. By expanding overseas, this also helps global customers receive their products quicker and saves on transportation costs.
China has many skeptics. There are many people out there that feel not only is China growing at such a fast rate, they have concerns over their communist ties. I feel that China needs to step forward and show the world that they are serious about being relied upon in the global economy. By reviewing some of their political standings and helping foreign companies gain ground in China, they can gain even more trust from global investors.
China has a bright future ahead. If they can continue their economic growth, they will not have to worry about a shortage of companies or their money gaining a permanent home in China.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.