China Moves Up the Value Chain

Tom Miller writes in the Asia Times Online:

Who has the biggest shopping bags in China? Wal-Mart, America's largest chain retailer, is well known for its voracity, sourcing US$18 billion of merchandise from the country in 2004. Less well known and more telling is that Dell, the world's biggest personal-computer (PC) maker by sales, bought nearly $16 billion worth of computer components from China in 2005, and this year expects to spend $18 billion.

To read more:

http://www.atimes.com/atimes/China_Business/HK22Cb01.html