Chinese frontiers – now and beyond
DiagAid Marketing Research Co., Ltd., People's Republic of China
CRAMQiQ Group, United Kingdom
CRAMQiQ Diagaid International, People's Republic of China
QiQ International, United Kingdom
CRAM International, United Kingdom
It goes without saying that China is the major frontier market for the 21st century. Over the past 30 years, China's economy has averaged nearly 10% annual GDP growth, driven by combination of developing technology and a vast low-cost workforce. With a population of 1.3 billion (China Statistical Yearbook 2007), GDP of RMB 24,661.9 billion (US$ 3,617.85 billion) and growth rate of 11.4%, China's foreign exchange reserve reached USD 1528.2 billion and the total tax income is RMB 4,944.9 billion (US$ 732.74 billion), up by 31.4%. Per capita disposable income of urban households was RMB 13,786 (US$ 2,022.4) in 2007 (National Bureau of Statistics of China, 2007).