China – We can no longer ignore this market – MORGO Diary Note #3

I am not sure if I am the only one in the dark, but China is way bigger an economic force than what I thought it was, in fact more than I had imagine. 

One fact set me straight: “Every minute of every day, china opens a new skyscraper the size of Auckland’s Vero tower”. That’s 50,000 skyscrapers.

China is mobilising and creating cities in some 22 major economic regions, building 10 new – New Yorks and some 250 Auckland’s.

By 2025, two-thirds of China’s citizens will live in cities … … that’s nearly 1 billion people

Notes: from Andrew Grant – McKinsey & Company presentation at MORGO 2010

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