Monday, 31 October 2016

similarChinese company; undaunted, pointing to the Western executive, he said: ‘We can do everything he can … for 40 per cent less.’ He promptly sat down.

similarChinese company; undaunted, pointing to the Western executive, he said: ‘We can do everything he can … for 40 per cent less.’ He promptly sat down.

s. Left unchecked, the last half-century will also mark the start of the decline of the 500-year interlude in what previously had been 2,000 years of Asian economic pre-eminence. It is after all useful to remember that as far back as the first century BC, the Chinese developed the decimal system that underpins global finance and virtually all measurement today.

1950s Detroit, Michigan, was the automobile capital of the world, home to the big three – Ford MotorCompany, General Motors and Chrysler – and with a population of 2 million people ranked as the fifth-largest city in the VS 

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