Chapter 57 2. The world economy in twenty years

With the increasing advancement of science and technology, the double-digit growth target every year, the continuous emergence of scientific innovation, the increasing profit margins and the mature international development strategy, China's large group companies are accelerating their development in China, Asia and the world. They are faster than Europe And enterprises in other places have large output and low prices, and have more competitive advantages. However, we have to remember: just a few years ago, China bought all its cars, trains, planes and technology from foreign countries, and produced a large number of textiles and other products with little added value. Because of this, we used to give China is dubbed the "World Factory".

Many small companies in China have become an indispensable part of the world economy by producing large quantities of products at low prices.Yet while these companies produce goods for many brands in the West, they also reap the benefits, developing products, trademarks, investments, and R&D centers. In the competitive environment brought about by the rise of China, these small companies become the dominant players, and then they will go to conquer the world market.Western society did not realize this real rise early, this long-term strategy, this reaction, they did not realize China's creative potential and power, just as they did not realize that China wants to use its own methods and unique Values ​​are the same as modernization.

Can China only become factories and branches of Western countries?This is a good gamble, just as the western blocs are used to ruling the business world, so of course China can rule the business world too!China's political will, pragmatism, high-speed development of science and technology, burgeoning innovation, patriotism, solidarity, global ambition, clear strategy, low cost of production, and investment in research and development are all important factors. It is the factor of China's success. As a result of what has been achieved and the methods used, these Chinese conglomerates—often originating as family businesses—have made China great, upended people's expectations and ideas about what the future holds, and changed the world aspects of the economy, such as the distribution of wealth.

But China will not rest on its laurels and achievements.Today, after a few years, most Chinese groups have become world economic leaders in many economic and financial fields. These huge Chinese companies provide products, services, technologies, patents, etc. They are growing stronger, gaining more profits, and occupying more market shares and securities market capital.China has become the fifth top spot in the world economy!However, China is in no rush to dominate the world... The 21st century marks a decisive turning point in economic history.In 2028, emerging countries will break through the original role of followers and competitors and surpass developed countries.At the same time, the hegemony and dominance of various Western countries will be surpassed. Even if these countries still resist and try to maintain their dominant position in the field of technological innovation, this historical trend is still irreversible.

Just a few years ago, most companies in developing countries, like Chinese conglomerates, were unknown, and even "almost non-existent in Western countries."Today, that is no longer the case!Most of the Chinese conglomerates thrive in their international trade. According to the latest forecast of the OECD, by 2030, developing countries will realize 60% of the world's gross domestic product. According to the latest research analysis and the forecasts of various international financial institutions (including the International Monetary Fund, World Bank Group, etc.) It is an opportunity for Western countries and the global economy.China and other emerging countries (the ones that follow...) will take the world's development to a new level.

Twenty years from now, it will be emerging countries like China and India that will influence the world economy! First, the world economy will be led by China. Before 2020, China will regain its status as the world's economic hegemony that it had held before 1890.And by 2030, China will become a superpower. Between now and the next ten years, China's total trade volume (including goods and services) will be as high as 4 trillion euros, which is twice as much as it is now.Likewise, China will play an important role in setting international trade rules. China will have its own multinational corporations and independent world brands; with its products, technology, environment, employment and good social development, China will rank among the world's leading ranks.China will definitely gain a very favorable position in global competition.