Even though most people in the audience were anything but China-freshmen, including several University of St.Gallen professors, Mr. von Keller managed to impress us by presenting data which does not appear in everyday newspapers. I recall for example the fact that today, 22% of the world's total steel output can be found on Chinese construction sites. In addition, he showed a graph stating a compound annual growth rate of Chinese insurance business of over 40% within the last decade. Furthermore, according to the presentation, China is today producing 75% of all toys sold in the world.
Unfortunately, due to the limited amount of time and another lecture, Mr. von Keller could only cover a small part of his presentation. I am looking forward to receiving his slideset, which will probably contain some more data surprises confirming my own impression about the Chinese economy.
