ABSTRACT
This chapter examines China’s emergence as one of the newest tigers. The struggle to provide the infrastructure of roads and telecommunications to keep up with the frantic pace of development reflected the fact that Guangdong, with an annual growth rate of over 20 percent in recent years, is becoming the tiger in the Middle Kingdom—a process that is pulling the rest of China along in a mad scamper of development. The emphasis on private sector-led growth, in both rural and urban areas, is reflected in booming farmer’s markets, frenzied speculation in the country’s fledgling stock exchanges, and the launching of Chinese stocks on the New York Stock Exchange. The rest of the world appears to be rushing in to China and buying all things that the country can offer investors. The People’s Republic of China was founded in 1949 by the Chinese Communist Party (CCP) under the leadership of Mao Zedong.
