| Abstract | Seventeen years into the country's opening to the outside world, more and more Chinese can barely get through a day without using products originated from foreign countries. These products have two things in common: they are all foreign brands, and they are all made in China - mostly by joint ventures, a few by wholly-owned foreign manufacturers. Thanks partly to the presence of foreign businesses which have brought with them investment capital, technology and management expertise, the Chinese economy has been able to grow at an annual average rate of 12 per cent in the last five years. Also in 1995, with its total imports and exports amounting to $280 billion, China ranked 10th among the world's top trading nations. |
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