This Week's Herman Trend Alert Women---Expanding their Sphere of Influence

The Herman Trend Alert July 22, 2009 China---The Awakening Giant We have long realized the magnitude of the Chinese consumer market. The population of China is over 1.3 billion and every year another 12 million babies are born. With this population and growth, it is easy to understand why companies like Microsoft and other tech giants are so interested in investment there. China just surpassed the United States as the world's biggest auto market. The China Association of Automobile Manufacturers reports that responding to the government's slashing of sales taxes on small vehicles, Chinese car sales surged by 48 percent last month, compared to a year ago. More than half of the world's 50 largest retailers have launched businesses in China. Included in this list are Carrifour, Metro, and Wal-Mart. Driven by domestic consumption and a strong increase in industrial activity, in the three months ending June 30, China's gross domestic product expanded by 7.9 percent (from the previous year). According to Chinese government data revealed Thursday, the growth rate was higher than the 7.7 percent expansion economists expected. This increase marked a sharp acceleration from the 6.1 percent growth recorded in the first quarter. Clearly, China may already be the fastest-growing market on the planet. The Chinese government projects its GDP will grow 8.3 percent this year, according to a report released by the Chinese Academy of Social Sciences (CASS), the government's official agency. Based on recent conversations with the Obama Administration, China has reached a point where it has assumed a more active role on the international financial stage. The onset of the global financial crisis provides the context for the decline of US economic power and illustrates the extent to which it has become dependent on China for the continuation of its global financial hegemony. Add to this situation the fact that, according to a symposium of experts held in Washington on September 20, China's economy continues to expand. In spite of its overpopulation and unemployment challenges, especially in the rural areas, expect China to grow significantly as a market and trading partner in the coming months and years. The size of its market is enormous. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Employer registration is now open with loading by February 15th. Candidate loading begins March 1st. Expect 25-30 employers and an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration begins NOW. To register or request additional information, contact VetJobs at 877-838-5627 or email info@vetjobs.com; Employers: Mention the Herman Trend Alert to receive a Bonus. LOOKING FOR A UNIQUE VALENTINE’S GIFT? Give the gift of leadership advice in our weekly Lessons in Leadership to help your supervisors and managers remind your leaders about what’s really important The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. Quantity discounts available by emailing Joyce at joyce@hermangroup.com. http://www.hermangroup.com/store/subscription_all.html#3 Order today! PREVENT EMPLOYEE TURNOVER IN 2012 Yes, you can prevent costly employee turnover, when you train your supervisors, managers, and executives. They will learn dozens of low and no-cost strategies and tactics that they can implement right away. We have an impressive track record and stand ready to help you. Call Carl at 336-210-3547 for a no-obligation conference call. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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