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An iconic billboard in the quintessential boom city of Shenzhen features Deng’s famous statement that China's “basic line will not waver for 100 years.” If Deng was right, we are less than one-third of the way into the era of “reform and opening.” But four challenges identified by Premier Wen Jiabao in 2010, that growth becomes “unbalanced, unstable, uncoordinated, or unsustainable,” threaten the boom. The key to balance lies in increasing the consumer share of GDP, allowing China to create a modern consumer economy. Stability will depend on the government's ability to address grievances as the gap between winners and losers widens. Coordination is the great test facing the ruling Communist Party, of whether it can manage the politics of growth without fundamental changes to the system. Sustainability is an issue that has global implications, as citizens of a warming planet watch anxiously to see if China is successful in greening the boom. The fifth great challenge, left out by Premier Wen, may be the external one: whether the world is successful in making room for China.

China Still Has Many Places to Develop

Period: Prospects

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Videosinthisperiod

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  • The Endgame Is Clear

    Stephen Roach

  • Visit to an American Supermarket

    Wu Jianmin

  • The Chinese-Indian Economic Model

    Pramit Pal Chaudhuri

  • China's Youth Fuels the Consumer Boom

    Shaun Rein

  • Confucianism Was Adopted to Legitimize Government

    Daniel Bell

  • Environmental Degradation Began with Mao

    Elizabeth Economy

  • A Government Monopoly on Finance Loosens

    Mao Yushi

  • Women Hold Up Half of The Sky

    Song Bing

  • Almost Everything We've Done Is Illegal

    Yao Yang

  • Individual, Atomic Sands

    Yoichi Funabashi

  • Economic and Political Reform

    Susan Shirk

  • Boom Cannot Go On Without Political Loosening

    Winston Lord

  • China is Walking A Tightrope

    Lei Bo

  • Only Africa Can Save China

    Emmanuel Ojukwu

  • The Paradox of Chinese Nationalism

    Kaiser Kuo

  • Environmental Responsibility in Guanghan

    Jiang Jianjun

  • Economic Development and Personal Development

    Yu Jinghui

  • China's Intellectuals Aim for Social Justice

    Victor Yuan

  • A Convertible RMB is Not Going to Happen

    Carl E. Walter

  • Chinese People Do Not Want Another Period of Chaos

    Edward Tse

  • Winners And Losers

    Ai Weiwei

  • China Still Has Many Places to Develop

    Emmanuel Ojukwu

  • China is a Maturing Dancer

    Chen Ailian

  • Reform Transformed the Countryside

    Xu Xiaonian

  • US and China Are in the Same Boat

    Yao Yang

  • China is Like a Raft in Category 5 White Water

    James Fallows

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Meettheexpert

Emmanuel Ojukwu

President of the Nigerian Community in China

Emmanuel Ojukwu is a Nigerian entrepreneur and community leader in Guangzhou, China. Ojukwu moved to Guangzhou in 2004 and shortly thereafter was chosen to be the president of the Nigerian Community in China.

Ojukwu acts as a liaison between the growing Nigerian community of Guangzhou, estimated at 5,000-7,000, and the Chinese, and has largely succeeded in reshaping relations with the Chinese government. He is also lobbying the Nigerian government to open a consulate in Guangzhou in order to normalize relations between the community and the Chinese government.

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So I would say, shoe business, I would never leave that business because of the arts. I still want to go on, even now I'm doing logistic business by air, by sea. Ok, but I still will go back to that shoeline, but now because of the economic crisis in Nigeria, and a lot of Chinese flood into the market, the high demand of people goes down and because of our country policy that some of the items, like shoes, is contraband in Nigeria.

It makes me to slow down like in Cotonou, Togo, Guinea, Ghana, Nigerians are using their seaports. Nigerians developed Togo because of banned goods in Nigeria. Nigerians developed Cotonou because of banned goods in Nigeria. I believe that I still have good future in China. That is why I am working hard for my community to have good relationship with Chinese and Asia even in business, even in government. Because we still have good future with Chinese even more 20 years coming.

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Cite this Source >>
“China Still Has Many Places to Develop | Emmanuel Ojukwu | Prospects | The China Boom Project.”
The China Boom Project.
The Asia Society Center on US-China Relations.
1 June 2010.
Web.
11 May 2025.
<https://chinaboom.asiasociety.org/period/prospects/0/243>.
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