Since China's Entrance Into The World Trade Organization three years ago, U.S. businesses and multinationals from other countries have accelerated their efforts to enter the world's hottest market, With good reason: It's where the growth is. The nearly billion consumers between the ages of and in China have more disposable income than at any other time in the country's history. That's changing what they buy-and how they buy it. "For the first time, we see people in Beijing and Shanghai using credit lines to manage their finances and improve the quality of their lives," says willie Fung, general manager of China operations for MasterCard International Inc.
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