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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
"China's growth is not good, it's been a miracle," says Manuel Menendez III, founder and CEO of MCM Group Holdings. Menendez was involved in the first China-U.S. joint venture when CITIC and a Chicago-based company called Beatrice built a factory in Guangzhou. This was credited as the first joint venture in China with a Fortune 500 company. Menendez credits the hardwork and determination of Chinese people for supercharging their own average income from less than $200 per year in 1979 to $12,000 to $13,000 per year today.