China: World’s second largest economy:

China started its journey with many of the developing countries, with few expertise and mediocre economic conditions; initially the situation was not at all attractive for foreign direct investment. How situation changed is not a miracle but efforts of Chinese people and their eye popping policies that actually compelled foreigners to float their money in china. Journey for prosperous china and becoming the second largest economy has been that long relatively, if we look at other countries,  who started their excursion along with china are still struggling to make a mark & get a stable economy. Reasons for success are profound but based on few important and yet very simple principles. Emerging industries of china includes coloring paint pigments, chemicals and steel.

Let’s zoom in the simple principles of China that helped them to progress rapidly and transformed their economy. In order to become the world’s centre of gravity in terms of production, Chinese labor has played an important part. China is blessed with huge labor capital, they just fixed it with right mix of policies and labor fueled their economy, another important thing that played an integral role is the think tank, the policy makers. They made attractive policies to spur the FDI, like tax holidays.

If we look at the emerging markets that we will find that chemical industry at rapid growth, if you are a color paint pigments supplier than the time is right to excel in other markets too due to the favorable conditions offered in china that makes production cost low and profits can boost due to it.