Since the initiation of economic reforms in 1979, China has become one of the world's fastest-growing economies. From 1979 to 2005 China's real GDP grew at an average annual rate of 9.7%. Many economists speculate that China could become the world's largest exporter within the next few years and the largest economy within a few decades. China's accession to the WTO in 2001 and the success of Beijing's bidding for the 2008 Olympic Games boosted the economic reforms and opened the huge market to the rest of the world. China is now the world's third-largest trading economy after the United States and Germany.

• Educated, skilled urban workforce
• Low costs (20-40% cheaper than India)
• Off-shore manufacturing and outsourcing know-how already there
• WTO entry and increased Chinese efforts at free trade
• Rapid and sustained economic growth
• Rapidly developing telecoms infrastructure
• Infrastructure - leapfrogs
• Greater quality and control
• High-end R&D across industries
• Documented training and learning paths
• China government efforts to privatize and modernize economy