It’s hard to imagine that before 1979 – the year that China opened its economy to world trade – buying goods ‘Made in China’ was rare. Since then its exports have increased by more than 10,000 per cent.2 Averaging nearly 10 per cent yearly growth over the last decade,1,2 China is leading the capitalist pack. And this year is no exception. As the global economy declines, commentators say that China’s economy will defy the trend and grow between 5.5 and 8 per cent.3 But with growth come costs. Here are just a few...
China could consume more than half the world’s key resources within a decade.4 China is presently consuming more than:
