Aside from increasing domestic consumption, there are two further megatrends developing in China over the next five years that senior executives need to keep in mind. One involves Chinese labor: Instead of moving to find work in manufacturing centers in southern China or such first-tier cities as Shanghai and Beijing, more young people are moving to second- and third-tier cities such as Wuhan, Hefei, and Shenyang, where they can find good white-collar jobs closer to home.
April 15, 2010
Three Growth Megatrends in China
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