I just read a report at New York Times. It makes me more convinced about the importance of China in 21th century.
China is planning to spend $856 million in next two years to build more infrastructure and helping the community devastated in earthquake earlier this year. The spending is 7% of its annual GDP. And according to the report, China has more capability in it.
The economy downturn is not going to turn around in a short time. When it turns around, most countries with heavy debt on it (such as United States) is not going to have abilities to clean up their debt.
Here it is, the chance to become a dominant force like United States. According to their GDP list, it has plenty space to grow. Investing in the infrastructure can set the foundation for future growth, and greatly helps developing undergrowth areas.
With its economy capability and weak counterparts in the world, I believe China is going to outgrow others and become a "next" United States within 50 years.
China is planning to spend $856 million in next two years to build more infrastructure and helping the community devastated in earthquake earlier this year. The spending is 7% of its annual GDP. And according to the report, China has more capability in it.
The economy downturn is not going to turn around in a short time. When it turns around, most countries with heavy debt on it (such as United States) is not going to have abilities to clean up their debt.
Here it is, the chance to become a dominant force like United States. According to their GDP list, it has plenty space to grow. Investing in the infrastructure can set the foundation for future growth, and greatly helps developing undergrowth areas.
With its economy capability and weak counterparts in the world, I believe China is going to outgrow others and become a "next" United States within 50 years.
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