Imagine a nation like the USA with a population of 650,000,000 jammed into the same geographical area. That vision allows us to see what may be the future in contemporary China. Particularly so, as there are another 650,000,000 ready/wanting to move into that same vision. Its actually hard to imagine, which is the reason so many western commentators trip over themselves in making forecasts about China. What has happened there is unprecedented in human history.
Allow me one point to illustrate my argument. Shanghai is already an exciting city, both in the entertainment and business senses. (the daughter of an acquaintance, doing a 2 year languange course at a university near Shanghai, and with some experience of New York in her recent life, calls Shanghai, the 'world's best party place,' I'm not quite sure of what she has experienced, as the party scene is not quite my personal scene. More importantly, Shanghai is an important business centre and the Chinese government's intention is to make it even more important).
But it's only about 30 years ago, that many western commentators were laughing at what they called the stupidity of the Chinese government, when high-rise office buildings started to appear in Pudong (an area on the other side of the Huangpu River opposite the Bund and the area known as Puxi, which had been the western world's financial centre in pre-1949 China.)
If you can't visualise it, here's an illustrated map:
The western commentator's laughed because there were no tenants in the office buildings, and yet more were being built. No-on laughs today - Pudong is only one area of thriving financial/manufacturing activity in Shanghai. Shanghai is also the home of the world's largeest port and two other large ports nearby.
Rank | Port | Country | Measure | 2011 [1] kiloton | 2010 [2] kiloton | 2009 [3] kiloton | 2008 [4] kiloton | 2007 [5] kiloton | 2006 [6] kiloton | 2005 [7] kiloton | 2004 [8] kiloton |
---|---|---|---|---|---|---|---|---|---|---|---|
1 | Shanghai | MT | 590,439 | 534,371 | 505,715 | 508,000 | 561,446 | 537.0 | 443,000 | 378,962 | |
2 | Singapore | FT | 531,176 | 501,566 | 472,300 | 515,415 | 483,616 | 448.5 | 423,267 | 393,418 | |
3 | Tianjin | MT | 459,941 | 400,000 | 381,110 | 365,163 | 309,465 | 257.6 | 245,100 | 206,161 | |
4 | Rotterdam | MT | 434,551 | 429,926 | 386,957 | 421,136 | 401,181 | 378.4 | 376,600 | 352,563 | |
5 | Guangzhou | MT | 431,000 | 425,600 | 364,000 | 347,000 | 341,363 | 302.8 | 241,700 | 215,190 | |
6 | Qingdao | MT | 372,000 | 350,120 | 274,304 | 278,271 | 265,020 | 224.2 | 184,300 | 161,650 | |
7 | Ningbo | MT | 348,911 | 408,180 | 371,540 | 361,850 | 471,630 | 309.7 | 272,400 | 225,850 | |
8 | Qinhuangdao | MT | 284,600 | 276,815 | 243,850 | 252,000 | 245,964 | 204.9 | 167,500 | 150,320 | |
9 | Busan | RT | 281,513 | 262,963 | 226,182 | 241,683 | 243,564 | 217.9 | 217,200 | 219,760 | |
Source: http://en.wikipedia.org/wiki/List_of_world's_busiest_ports_by_cargo_tonnage
No-one laughs today at Shanghai. And please remember that in south China, the Guangzhou-Shenzhen-Hongkong centre (also called the Pearly River delta) is likely as large a business area as Shanghai.
I'll post some more (my own piks) of what is happening in Shanghai on a different thread. What I wanted to discuss in this thread, is what a market similar to the USA, but with a 650,000,000 size can bring to the market place.
And to show that I want to jump up (from Shanghai) the Yangzi River, take a cruise ship if you want a slow leisurely trip, or if you're in a hurry, take a very fast train and cover the 300 km in as little (no stops) as 73 minutes. There are over 250 scheduled services leaving Shanghai's three main terminus stations each day to the city of Nanjing