China - Second Industrial Revolution
First phase of Industrial Revolution of China had already shook the world. Now China is planning to have a Second Industrial Revolution. Africa was having all the six fastest growing economies. What China did is took the jobs of Advanced and Emerging countries and almost controlled inflation to keep away the slope in the economy.
China will be powerful engine of growth in the coming decade. It will not be processing raw materials but also create end products to ship the market.
Australia will be most affected country as China had bought mines for their use. Apart from that, they compel to buy Australia's export too. Now China will be selling Australia all the finished products and Australia will suffer in the world market.
China will bring in consumption of agri-products to the economy as consumption will improve after growth taken place.
CAT 2013; Yahoo News
China will be powerful engine of growth in the coming decade. It will not be processing raw materials but also create end products to ship the market.
Australia will be most affected country as China had bought mines for their use. Apart from that, they compel to buy Australia's export too. Now China will be selling Australia all the finished products and Australia will suffer in the world market.
China will bring in consumption of agri-products to the economy as consumption will improve after growth taken place.
CAT 2013; Yahoo News
