Yuan direction: Chinese firms head south

I lived & worked in Shanghai in 2002, the atmosphere was much more open and encouraging foreign investment, but now China doesn't really 'need' it – they think. Problem is all that investment drove growth, but without that they won't be able to grow as fast or to the same level. Who would trust Chinese factories if the government could, without warning, just shut down the whole country. The Chinese government is both inflexible and easily 'influenced' financially. Anything 'made' by Chinese factories by Chinese designers cannot necessarily be trusted in both safety and quality.

Of course China's growth has been much greater than the economies of Europe and the US because it started at a much lower level. As the economy matures, the growth percentage is going to drop.