DAVOS: China is an emerging powerhouse that will continue to drive down prices in the years ahead as its promotes what Bill Gates described as a brand new form of capitalism.
"China is the change agent for these next 20 years, in terms of what's competitive and how things get done," Gates said.
"It's the most deflationary thing that ever happened because as you get more IQ in the planet designing good products you get these scale economies that are just phenomenal."
http://economictimes.indiatimes.com/articleshow/1004767.cms
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