Don't Take Your Eyes Off China

By Michael Swanson

Everyone has always looked at China as a considerably poor country. That is to be expected as most communist countries have their governments in charge of all their wealth. The way the world has looked at them is changing as China economy is growing faster than ever.

The beginning of this growth started out slowly during the late 70's with most of the growth increasing during the 90's.

In 1979 the economy of china was no longer closed. The government began to realize all of their economical problems and tried to adopt a change that would benefit both the economy and the people.

The past year is been a major turning point for China as it seems they have officially reached the end of their economic cycle and expected to quickly recover at a pace above that of other countries.

With the recent financial crisis in other countries, China has been able to take hold of a lot of undervalued assets. This will benefit them greatly when the world's economy rises and those assets become something of great value again.

China is now undergoing a burst of growth where once undeveloped areas are rapidly developing, and the Cities are undergoing a great deal of overhaul as well.

It has always been known that China was a great trade nation and now they are surpassing Japan in the aspect of the gross national product. Everybody is anxious to see just how far this underdog can climb.

China is a really large empire and most economic professionals will agree that it can no longer be called a poor country. In terms of their economy they are taking their recent growth and running with it. It will be interesting to see what things they have in store for their future growth. - 23196

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