China’s industrial revolution

There’s a word which keeps cropping up in business magazines, newspapers’ business and financial pages, money markets and boardrooms throughout the USA, the UK and the rest of the European Union – and that word is China. Whether it’s fascinating statistics – such as 50 percent of the world’s cement production currently going into China, that car production increased 80 percent last year, that by next year the EU could become China’s most important trading partner, or that the Chinese economy is expected to overtake the United States’ by the year 2041 – or talk of a more liberated society, China is the buzzword.