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Essentially China is running with the same template that South Korea, Japan and other Asian dragons used in the 70s and 80s. It is just a lot bigger and more internationally oriented.
China?¦s total exports grew sevenfold from 1990 to 2003, amounting to US$ 438 billion. The export figure up to October this year is about $470 billion, up 34% from the same period last year. The EU is one of the biggest export markets for China, taking up 18% of China?¦s total exports in the second place right after the US.
Many Chinese industries depend on exports for their very survival, including textiles and apparels, shoes, DVD players, motorcycles, digital cameras, refrigerators, colour television sets and air conditioning equipment...
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