China is now the second largest economy in the world. China’s annual growth has averaged 10% over the past 30 years making it the largest exporter and the fastest growing major economy. China covers approximately the same land area as the United States (3.7 million square miles) but has a population of 1.3 billion people (compared to 300 million people living in the U.S.). Therefore, the prospect for continued growth going forward is tremendous.
A vast majority of Chinese live without the simple luxuries that we in the U.S. may take for granted such as running water, washer / dryers, and cell phones. As the Chinese economy shifts from being an export-driven economy to a more consumer-driven economy, it should help the citizens enjoy the fruits of their labor and create a larger middle-class. If China can simultaneously eliminate carbon emissions while establishing a better infrastructure, the sky is really the limit for the Chinese Dragon.
Please contact me for information about how to take advantage of investment opportunities in China.
Michael T. Maloney, CFP®
MTM Capital Partners, LLC
845-300-8282
www.mtmcp.com
Tuesday, August 17, 2010
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