China: Still THE Place For Growth.

In a post entitled, "Why China Matters, Part 2," Steve Ganster explains why Western businesses should and do continue to look to China for growth and for manufacturing. Yes, China's growth is slowing considerably, but at least we are still using the word, "growth."

Ganster does a great job laying out what China still offers:

-- A strong and deepening supply chain and infrastructure
-- A major and continually growing domestic market in addition to export potential
-- Large volume scale and its benefits to cost competitiveness
-- An ample workforce that can be trained and empowered
-- Significant latent productivity to be gained by further process improvements
-- A very supportive pro-business government

Then, in what for me is clearly the money quote of the post, Ganster says, "Talk to Westerners who have dealt with government, employees and unions in Vietnam, India or other developing southeast Asian nations. This may open your eyes to the positive things China offers."

So true. So true.