For
those of us who believe firmly that the 21st century belongs to China,
opportunities for investment in China's bright future are plentiful.
The constitution of the People's Republic of China was amended in 1998
to give equal status and importance to the private sector in the economic
development of the nation.
The accession to the World Trade Organization bodes well:
Not only does membership in the WTO enhance China's opportunities for exports
but by the same token China's market will become more accessible to foreign
imports.
The Yuan has appreciated from RMB8.30 to around RMB6.20 against the
US$.
In 2008 GDP grew at 8% and we expect GDP growth to be 9% in 2009/2010/2011/2012 in
spite of the 'financial crisis'. For 2013 GDP growth will be 8% and in following
years around 7%. By 2025 China
will have the highest GDP on earth, replacing the USA.
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Last Updated on
October 28, 2023
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1996, 2023 Helge Stavonhagen