China Business Myths

Filed in archive News on October 29, 2009

© Chi King


Forbes ran an interesting piece on China this week. It looked at three myths that are widely believed to be true, but are, well, not quite as simple as people (and the media) tend to think...

Myth number one: China's economy is led by exports. Myth number two: China's supply of cheap labor is (almost) endless. Myth number three: Your connections are everything.

The examination of the number one myth is revealing (if you haven't been keeping up with China). While a few years ago the export sector in China was half or more of the economy, domestic economic growth has reduced that percentage to just 20% of the economy.

The story makes you rethink what you know about China.