We are becoming increasingly familiar with the news that China’s economic growth and technological development are pushing it towards the top of the league in terms of GDP, Internet users, PC users, global trade, and consumption of raw materials, but it seems that China is also destined to be the number one tourist destination – something that will be further helped by the upcoming Olympics in Beijing in 2008.
WARC report that China is currently the world’s number four destination, behind France, Spain, and United States. According to the United Nations World Tourism Organisation, if current trends continue China will replace the US as the number three destination in 2008, and by 2015 will be the top global destination.
Although media references to the growth of China and Asia’s influence are fairly common, as is the growth in books talking about the issue, I do not think that it has really entered the mind set of most people yet. Almost the only people who seem to be actively talking about it are US politicians, some of whom seem to be under the misapprehension that they can stop it, but at least they see the change is happening.
It is clearly good that 100s of millions of people in China will be lifted out of poverty, and it should be good that the cost of production of many products and services bought in the West will fall, but the rise of Asia and China will create massive changes and we should be adapting to them now, not when they have already happened.
For example, I believe that it is possible for companies based in the West to continue to be thought leaders in the area of global Market Research even when the seat of economic power moves from the US and Europe to Asia, and for these companies to generate revenues that reflect value added insight, rather than commodity production. But, to do that we should tackling the issues now, for example seeking to check that whether our standard research tools need modifying in China, and looking towards maintaining our non-Internet fieldwork skills in markets like India and Indonesia.