Chinese Economy Continues To Grow

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.

It all started in the year 1979 when the country government changed how they had been looking at the economy. They have been slowly growing ever since with the state of their affairs really picking up in the 90's.

The change in the 70's meant that the once closed economy of China was suddenly open. The current government opened their eyes to the fact that their country was in a crisis and something had to change. They came up with a plan to enhance the whole country in ways than would meet the needs of everyone.

In the past year China's economy has marked a major turning point where they have reached their economic plateau and are expected to peak faster than ever.

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.

The country has already started to grow and have begun overhauling their most underdeveloped areas. The cities are also experiencing major change and are changing like never before.

China has long been a major trade nation and in the aspect of the gross national product China will soon fly past Japan who is currently number two in the world. The thing that everyone is watching is how far China will climb during their economic upswing.

The empire of China can no longer be considered as a poor country according to most economic analysts. Their economy is growing like never before and all are waiting to see what happens next. - 23208

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