Thus did Zhou Enlai – in
responding to questions in the early 1970s about the popular revolt in France
almost two centuries earlier – buttress China’s reputation as a far-thinking,
patient civilization.
The former premier’s answer
has become a frequently deployed cliché, used as evidence of the sage Chinese
ability to think long-term – in contrast to impatient westerners.
Fast forward to today and the
ability of the Chinese to play the long-game has never been in more evidence.
In a single decade from
2001 up to 2010 Chinese trade with the rest of the world increased from £325
billion to £1.9 trillion.
Since 2005 China has
invested £320 billion across the globe with 75% of this in developing countries.
There is an insatiable
demand for raw materials to fuel the economic growth in China and commodities
such as Oil, Minerals, Precious Metals and Fuel are the prizes for these
investments.
The ongoing crisis in
Western economies has provided ample opportunity for China to assert its
economic strength and China has now usurped the US as the largest foreign
investor in Germany.
We are already seeing
Chinese companies investing in such diverse areas as the French Wine industry
or making acquisitions in the US/European Food Industry and this will
undoubtedly continue as China accelerates its move into Western markets.
No comments:
Post a Comment