Think About China Think About Money
China's economy is growing vigorously and at rates which are still impressive even in today's down global economy. At one point, during the Chairman Mao years, the Chinese economy was considered a basket case. Economic liberalization over the last couple of decades, however, has unleashed an appetite on the part of the country in terms of imports and exports that a significant.
Chinese leadership maintains that the country's national economy is growing at ever faster rates with each passing month, and there isn't much evidence out there that they're not correct. China also seems to be on the brink of passing Japan as the world's second-largest economy, maybe by the year' end.
Gross domestic product or GDP in China increased by 7. 1% in the first half of the year. This is quite impressive, given that every other national economy around the world was really hit hard when the economic downturn began to set in. Of the top 10 national economies, China's is the only one to actually show an improvement in 2009.
Chinese economic strength is thought by many financial experts to be the catalyst that will lead the rest of the world out of the economic slump, in fact. It is important that the world leave that slump behind, though, as China depends on the economies of the United States and other countries to be vigorous enough to buy Chinese goods and services.
Both the United States and China understand this, and are working hard together to engage in certain strategic and economic actions and programs that it is hoped will result in the United States emerging from the downturn in short order. This is because Americans buy vast quantities of Chinese goods, and Chinese leadership realizes that it needs US markets in order to continue to thrive.
Just about every China watcher these days states that the country is going to a lot of trouble to be a responsible partner in terms of global economic activities. This is quite different from the days when Chairman Mao ran the country with an iron fist. Additionally, the Chinese economic stimulus program ran by the government has proven to be a great success, highlighting how effective a stimulus can be when done properly. - 23212
Chinese leadership maintains that the country's national economy is growing at ever faster rates with each passing month, and there isn't much evidence out there that they're not correct. China also seems to be on the brink of passing Japan as the world's second-largest economy, maybe by the year' end.
Gross domestic product or GDP in China increased by 7. 1% in the first half of the year. This is quite impressive, given that every other national economy around the world was really hit hard when the economic downturn began to set in. Of the top 10 national economies, China's is the only one to actually show an improvement in 2009.
Chinese economic strength is thought by many financial experts to be the catalyst that will lead the rest of the world out of the economic slump, in fact. It is important that the world leave that slump behind, though, as China depends on the economies of the United States and other countries to be vigorous enough to buy Chinese goods and services.
Both the United States and China understand this, and are working hard together to engage in certain strategic and economic actions and programs that it is hoped will result in the United States emerging from the downturn in short order. This is because Americans buy vast quantities of Chinese goods, and Chinese leadership realizes that it needs US markets in order to continue to thrive.
Just about every China watcher these days states that the country is going to a lot of trouble to be a responsible partner in terms of global economic activities. This is quite different from the days when Chairman Mao ran the country with an iron fist. Additionally, the Chinese economic stimulus program ran by the government has proven to be a great success, highlighting how effective a stimulus can be when done properly. - 23212
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posted by X - Men @ 3:33 AM
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