Invest In China

By Michael Swanson

The fact is, the China economy is growing handsomely and at a pace that still serves to impress even in the current depressed global economic environment. During the years of Chairman Mao, many economists considered China's economy to be a wreck. Liberalization and economic rules over the last decade or so, though, has helped to create a dynamic economic engine that is really impressive.

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.

China's Gross Domestic Product or GDP grew by 7. 1% in the first half of 2009, which is quite an impressive feat considering that China and most other countries were forced to undergo an economic restructuring due to the global economic collapse. Its GDP increase puts it by itself among the world's top 10 economies in terms of showing an increase, also.

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.

In order to mutually assist one another, China and the United States are seeking to work in a closer fashion in order to create an environment of economic and strategic cooperation that will lead to a rebound in the US economy. American consumers are the world's single largest group of buyers of Chinese goods, which is a fact that the Chinese government recognizes acutely.

Almost every expert that looks at China these days maintains that it is working hard to be a responsible global economic partner, which is quite a change from the days of Chairman Mao. China has also demonstrated how an effective government economic stimulus package -- it's sunk 586 billion in stimulus money into its economy -- can work when it's executed properly. - 23218

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