The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job

Chapter 4. From Socks to Aircraft

The young consumer often thinks of China as a toy dreamland. He may also have noted the Made in China label on his parents' shoes, clothing, and luggage. China is a world leader in those labor-intensive products but is also the leading global maker of cell phones and a major producer of computer chips, telecommunications, and one day, cars and commercial airplanes. It manufactures military aircraft, has assembled commercial airliners, and is developing regional jets. Chinese firms are determined to ascend the technology ladder, climbing from among the ranks of the imitators, followers, and contractors to become independent developers and pace setters. China's goal, and that of its government, is not merely to ...