Nothing is permanent in this world except for death and taxes. We all know that. It is a reality we have learned to live with throughout time, from one generation to another. And like everything else that changes over the years, how well or poorly a country’s economy fare is likewise dependent on many factors. And one of the most bustling economies right now is that of China. It has grown considerably over the last few decades and manages to keep everything together even if the economies of other nations have suffered badly. Basing on the nominal GDP, China is the second largest economy worldwide. And according to the International Monetary Fund, China has the largest economy in terms of purchasing power parity. Without a doubt, the Chinese have the fastest growing economy the world over. That’s not surprising at all considering how almost everything is made in China nowadays. Indeed, their economy has stood the test of time. The Chinese leaders definitely know what they are doing and other world leaders should learn from these Chinese masters.
The Chinese are careful and meticulous people. Despite what they have achieved so far, they aren’t too full of themselves and keep on pushing themselves to their limits because they know that things can suddenly go downhill if they aren’t careful enough and put in place a good backup plan for when disaster strikes.
And as expected, the New Year has been good to the Chinese. Their economy keeps on growing while other major cities and countries continue to struggle. They must know something that the rest of the world still don’t know of.
(Via: http://money.cnn.com/2017/04/16/news/economy/china-gdp-economic-growth/) While things are looking pretty good for China now, everything may easily turn against them because their economy is also heavily indebted. No matter how resilient their economy may be, it is possible for it to crash just like the others. However, the experts from the IMF are banking on China’s positive growth during the first quarter, sturdy financial markets and rising commodity prices to help fuel and stabilize the global economy. Likewise, the positive meeting between the Chinese and American leaders in Trump’s Mar-a-Lago has eased the worries of many about a possible conflict between the two superpowers considering Trump was open about his antagonism towards the Red Dragon of Asia. The following blog article China’s Economy: Unwavering Despite The Odds was first published to https://chrdnet.org from https://chrdnet.org/2017/06/30/chinas-economy-unwavering-despite-the-odds/
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