The Peoples' Republic of China served notice yet again it aims to become the world's leading economy within a few decades.

Not only is it set to become the globe's second largest auto manufacturer [WAMN 15-Dec-04], last week it prepared to pole-vault into world number three position in PC sales with the Lenovo Group's acquisition from IBM of its personal computer business.

But Yang Yuanqing, president/ceo of Lenovo, is not satisfied with such a lowly ranking. "We aim for the top slot by rolling out products that consumers want, in all ranges from top-end models to mid- to low-price machines," he told Japanese newspaper Asahi Shimbun this week.

When the acquisition of the IBM unit and its bluechip brand image is finalised, Lenovo will have 7.7% of global PC sales, lagging only Hewlett-Packard (15%) and Dell Computer (16.7%).

Says Yuanqing of the IBM deal: "The marriage of the two players, which respectively know the world's two largest markets inside out, will enhance our global competitiveness.''

He plans to invest heavily in IBM's Japan-based PC research and development facility and to continue to exploit its capabilities.

Data sourced from Asahi Shimbun Online; additional content by WARC staff