“Why China Is An Incubator For Female Billionaires”
In the March 22, 2010 issue of Forbes.com, Booz & Company Senior Partner and Chairman for Greater China Edward Tse (China), said China has become the globe’s most competitive business environment. “Hundreds of thousands of new Chinese companies have made this country the world’s most competitive business environment,” wrote Tse in his new book, The China Strategy: Harnessing the Power of the World’s Fastest-Growing Economy. “China is now the world’s largest and fastest-growing source of entrepreneurial startups.” While some major sectors—such as banking, steel, telecommunications and electricity generation—are still essentially state-owned in China, a sizable chunk of new wealth being created there comes from entrepreneurs working hard in a variety of fields such as real estate, retail and consumer goods.