"China also has moved away from its original status of purely producing basic, what you call, consumer commodities and Chinese companies are moving beyond China to various parts of the world"

This quote by Sellapan Ramanathan talks to the changing financial landscape of China. It suggests that China is no longer entirely focused on producing fundamental consumer commodities, however is instead expanding its reach and influence to other parts of the world. This shift in focus is a sign of China's growing financial power and its ability to compete in the global market. It is also a sign of the nation's increasing elegance and technological improvement. This shift in focus has actually permitted Chinese business to become more competitive and to broaden their operations to other countries. This has enabled them to access new markets and to increase their revenues. As a result, China has ended up being an increasingly essential gamer in the international economy.