Talking about China -- points out that in 1850, China was 33% of the world's GDP. Today they are only back up to 4% but they are the fastest growing.
59 million Chinese Internet users
24 million Chinese broadband subscribers
15 million online gamers
The economic picture is enormously different in China --
GDP per capita -- $619 China $37,000 for US
Huge labor surplus still in China:
Opex per employee $6.5K in China vs $73K in the US and $333K for Microsoft
"In the middle of most towns in Europe is a church. In China it is a Kentucky Fried Chicken or a McDonalds or both -- pointing to the enormous commercialization of China."
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