"in 2010 China’s total manufacturing output was US$2 trillion ... overtaking the US’s US$1.95 trillion.
China employed over 100 million manufacturing workers...to the US’s 11.5 million."
and MNCs look in ??
"China’s manufacturing productivity per worker is one ninth that of the US. The gap in other sectors, for example non-financial services, is bigger.
This creates a ‘win-win’ situation for ... foreign companies that will exist for decades. ....
the majority of China’s companies will not reach the level of productivity of foreign firms for decades, creating huge openings for co-operation as well as competition.
It is this combination of China soon becoming the world’s largest economy, but one in which foreign companies in some sectors can possess comparative advantage for decades, that makes China the world’s most important market."
