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China Is the New Land of Opportunity
If you’re looking for an economy growing with the fury of a fire-breathing dragon, then look no further than China. The country really is the economic
hotspot on the globe.A recent Goldman Sachs report estimated that China’s GDP growth will exceed its previous estimate of 8% this year. China also recently passed the
U.S. as the world’s largest auto market for the first half of 2009.In what I think is a very revealing statistic, I just read that the number of U.S. companies in Fortune‘s Top 500 companies in the world
fell to only 140, which is the lowest ever, while China now has 37 companies, including 9 new entries.I think it’s fair to say that China is the new land of opportunity when it comes to economic growth. But how can the individual investor hitch a
saddle to this fire-breathing dragon?
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