Wednesday, January 20, 2010

China's booming economy

This article found on BBC News is about the growth of China's economy, which has expanded by 8.7% in 2009. This was a great recovery considering the economic crisis that China was hit by at the end of 2008 and the beginning of 2009. Even still, while there is still 150 million poor people, they've still got some work to do. However, they're on their way to pass Japan and 2nd to the United States for largest world economies.

The reason that this article caught my eye was because just a week or so ago I read somewhere that around year 2018 or so, China will have an economy larger than the US. This is because they are growing at a rate much more rapid than we are and are on route to eventually pass us. At that point, its possible that there will be more products saying "Made in US" on them.

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