You don't know how hard it was to figure out how I should spell that second "deshvelopment."
Anyway, it is a widely known fact that China's national GDP is ranked 4th in the world after the US, Japan, and Germany. And yet, according to China's own National Bureau of Statistics, China's per capita GDP is only $1,703 or 110th in the world.
Other statistics cited at the 14th World productivity congress in Shenyang include:
1) China contributes just 5% to the world GDP but comsumes 25-40% of the world's crude coal, iron ore, steel, aluminum, and cement.
2) Only 3 in 10,000 Chinese companies have intellectual property rights for their core technologies.
3) 99% of Chinese firms have no patents. And every day I'm asked why I'm still here if China is so well developed. You know, people, China isn't just Wal-Marts and thousand year-old pagodas with Starbuckses in the lobby.
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