News & Observer | newsobserver.com | China: Threat and promise

North Carolina

Published: Sep 17, 2006 12:00 AM
Modified: Sep 17, 2006 04:58 AM

China: Threat and promise

Story Tools

Advertisements
China is changing the world. The nation has leapfrogged Britain to become the fourth-largest economy on earth. Its factories are stoking a mass migration that is prompting billions of dollars in investment. Its growth is straining the global supply of concrete, steel, coal and oil.

China's expansion is also hurting North Carolina, where silent plants testify to thousands of layoffs that have forced an economic evolution.

Not all of the jobs went to China. Mexico, Central America and Vietnam also got a share as companies sought cheaper labor.

But China, a communist giant embracing capitalism, has come to symbolize them all. It is a land that is cursed in countries that have been shaken by its awakening.

China, though, is not only a threat; it holds great promise.

It is home to 1.3 billion people, many of them moving to a higher standard of living. Businesses are rushing to sell more there; North Carolina's exports to China surged 19 percent last year.

The state is working to bring more of China's wealth here. It already has the headquarters of Lenovo, the Chinese computer maker that bought IBM's personal computer division in 2005. There's likely more to come. Oklahoma, for instance, recently won the U.S. plant of a Chinese automaker that plans to revive the British MG.

"It's a double-edged sword because we've lost a number of jobs," said Peter Cunningham, director of international trade for the state Department of Commerce. "But the reality is we've got to position ourselves to take full advantage of the opportunities."

All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.
No comments have been posted for this story. Log in to be the first to comment.


The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.

Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.

If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.

Hosting Partners of
newsobserver.com

Member of the
Real Cities Network

A subsidiary of The McClatchy Company