When China joined the World Trade Organization in 2001, it became a player in the global economy, and since then, China has grown about 9% annually -- more than four times the growth rate of the U.S.! China has become the world's second-largest economy, and double-digit GDP is now the norm -- China's GDP rate is currently around 11.4%, which is quite a change from the -1.6% rate in 1976.
China's economic emergence -- the greatest economic boom in the history of the world -- is filled with enormous opportunities. And as this once-great land modernizes and shifts to a market-driven economy, its economic growth will continue for the foreseeable future.
Because of China's economic strength this year, the Shanghai A-Share Index in China is up a whopping 71% year-to-date. Compare that to the 15% gain in the S&P 500 and the 11% gain in the Dow Jones Industrial Average, and it's not hard to see why China is offering a better investment opportunity right now. China presents a multitude of opportunities for investors seeking diversification and growth. And this list of 10 reasons highlight why I believe that our best opportunities right now are in China. more...
China's Robust Third-Quarter GDP ResultsChina's third-quarter GDP results were announced today and showed that the Chinese recovery is moving along at record speeds. China's GDP rose 8.9% in the third quarter compared to last year. That is up from 7.9% for the second quarter and 7.1% for the first half of the year.
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"Socialist" China is More Investor Friendly than the U.S.Despite the great strides that China has undertaken to become an economic superpower, there are some investors who remain unsure if China is the 'real deal' because of the country's history of socialism and authoritarian government.
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Domestic Consumption Remains Leading Driver of Economic GrowthChina has surpassed Germany as the world's largest exporter -- and it looks like exports in China may be again rising after nine months of decreases. However, while this news is nice, we've been profiting from China's domestic consumption -- the real driving force behind China's amazing economic recovery this year. And I expect the Chinese ability to spend will only grow in the future. There's still time to gain from China's economic emergence. more... |
China Accepts Price Cut in Softening Iron NegotiationsThe talks between Chinese steel mills and the world's second-largest mining company, Rio Tinto, are finally making some progress. China's steel mills had demanded a price cut of 45% but many are now accepting a temporary price cut of 33%. However, the negotiations have been overshadowed by recent events -- four Rio Tinto employees were detained in China on charges of stealing state secrets. The four are accused of bribing steel mill executives in order to gain an edge in the contract negotiations. more... |
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