China Economic ReviewBy 2006, China could have overtaken Germany as the world's third largest manufacturing country by value, according to a report compiled by brokerage BNP Paribas Peregrine. China, in fourth place in 2000, is already the number one producer of many types of product but the output value of its manufacturing industry is still relatively low […]
Work is underway on many major rail projects in China’s congested urban centres, while others are backed up in the pipeline. When completed, these projects are set to change the face of the country’s leading cities.
China’s defence industry is technologically backward and much of its weaponry is worthless in the modern era. However, the PLA is now looking to combine its defence technology acquired from abroad with home-made systems to create a new breed of defence equipment.
Just as transport links with Taiwan are now opening up, companies from across the Strait are finding it more difficult to conduct business in Xiamen and they are being lured by better investment conditions further north.
Structural shortcomings and the fallout from a smuggling scandal are two of the factors why foreign enthusiasm in Xiamen is starting to fade.