[lbo-talk] China's the change agent for next 20 yrs: Gates

Sujeet Bhatt sujeet.bhatt at gmail.com
Sat Jan 29 10:03:37 PST 2005


China's the change agent for next 20 yrs: Gates REUTERS[ SATURDAY, JANUARY 29, 2005 04:57:52 PM]

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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