South Africa will take over as the KP chair next year, and Milovanovic said that China had volunteered to serve as deputy chair - a step which could see Beijing, which is working hard to cement ties with resource-rich African nations, take over the full chairmanship in 2014.

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Lee Yuan-tseh, a Nobel-prize winner and one of the most respected men in Taiwan, will probably chair meetings on China policy.

ECONOMIST: Chen warms up the Chinese motherland

Chua Sock Koong (No. 71) is chief of Singapore Telecommunications, and Sun Yafang (No. 90) is chair of Huawei Technologies in China.

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Instead of drinking stale coffee from a Styrofoam cup while leaning over a salesman's desk, the Maybach customer relaxes in a rich leather chair and sips from a china cup as his virtual car comes to life on a flat plasma screen.

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Instead of drinking stale coffee from a Styrofoam cup while leaning over a salesman's desk, the Maybach customer relaxes in a rich leather chair and sips from a china cup as his virtual car comes to life on a 50-inch flat plasma screen.

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"Manufacturers saw that it was cheaper to manufacture in Bangladesh and places like Cambodia than China, especially to those manufacturers in Europe, where transportation was cheaper than from China, " says Katie Quan, associate chair of the University of California, Berkeley, Center for Labor Research and Education.

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Neither the new annual chair, Cambodia, nor the next two, Brunei and Myanmar, are likely to risk antagonising China by making the sea a multilateral issue.

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As for Song's first invention, the rocking chair stroller, it was a hit right from the start and remains Goodbaby's bestselling product in China.

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