2008年8月14日

曹sir 都係 Copy Cat? (Cont')

今天全球十大商場有 七個喺中國(其中四個較美國商場仲大)。佢地唔係起喺地價便宜嘅美國,好似Alberta嘅West Edmonton Mall(美國人要揸車去買嘢),而係起喺地價昂貴嘅北京。去年中國GDP中49%與製造及出口業有關(美國係20.5%、英國18.2%及日本 26.2%),中國點樣由製造業轉型到內部消費而唔引發經濟放緩?銀行收緊信貸,令地下錢莊收取15到20厘息嘅貸款,今年呢次軟着陸都好驚險萬分。

"Not long ago, shopping in China consisted mostly of lining up to entreat surly clerks to accept cash in exchange for ugly merchandise that did not fit. But now, Chinese have started to embrace America's modern "shop till you drop" ethos and are in the midst of a buy-at-the-mall frenzy.... by 2010, China is expected to be home to at least 7 of the world's 10 largest malls... Already, four shopping malls in China are larger than the Mall of America. Two, including the South China Mall, are bigger than the West Edmonton Mall in Alberta, which just surrendered its status as the world's largest to an enormous retail center in Beijing." (emphasis added)

High operational leverage. China has become a de facto manufacturer for the world. With the exception of food products, it is difficult finding a product that was not, at least in part, manufactured in China. Industrial production accounts for 49% of GDP, double the rate of most developed nations (i.e. industrial production for the United States is 20.5 % of GDP, UK 18.2% , and Japan 26.5%).