Expat Village is edited and published by Iain Williams in
Caracas, Venezuela.
For the past several
years, it's been said that one of the surest paths to wealth over the next 50
years: Determine what the Chinese want, and sell it to them.
As the world's most
populous country grows into what will likely become the world's most powerful
country, hundreds of millions of people will clamor for televisions, furniture,
cell phones, and Internet access.
For a picture of how
powerful China's middle class has become, we present a chart of the 800-pound
gorilla of Chinese telecommunication, China Mobile.
With more than 300
million subscribers, the company has more wireless customers than the U.S. has
people (Verizon has 62.1 million wireless customers).
China Mobile's first-half profit climbed 25% in
2007, and the stock is up nearly 400% in the past three years.
Expat Village is edited and published by Iain Williams in
Caracas, Venezuela.
