Chinese Corporations 'Set To Be The World's Next Giants'
Is China capable of producing more than inexpensive manufactured goods? According to BBC Business, the answer, increasingly, is 'yes.'
In 2011, China's exports consist of more than consumer products like toys, shoes and clothing - the Middle Kingdom is exporting world-class technology through a new breed of multinational companies.
Regardless of whether it is Haier in the consumer goods area, Huawei in the technology space, or Mindray in the healthcare sector - Chinese companies are making a growing name for themselves in developed markets like Europe and the United States.
Due to comparatively low labour costs and their increasing technological prowess, these firms are willing to offer lower prices for high quality goods and services.