China Economy Seeing Fast Growth

In this article from BBC News China is said to be now on course to overtake Japan and be the world's second biggest economy. This is a big turnaround from the economic crisis they were hit by in during late 2008 and early 2009.

Economists are saying the financial crisis they were in might not have been such a bad thing. They say at that time the world was too dependent on the US consumer and now they are shifting towards domestic demand with consumption and investment. At there current rate of growth they can be expected to be the world’s biggest economy by 2030.

This growth may not continue because it only came after a massive government stimulus package. There is a lot of concern over the quality of the growth and what will happen when the stimulus is withdrawn. I think there fast growth will soon slow as the stimulus policies diminish.