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Business, Economic and Financial News
Find what the Chinese want, and sell it to them.
By
Aug 29, 2007, 10:00



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.




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