It's no secret that the financial crisis and global economic turmoil have negatively impacted economies around the world. And China is no exception.

Just last week, China's government reported that its GDP growth during the third quarter was 9% year-to-year. That's the country's slowest quarter of economic growth since the second quarter in June 2003.

While I was expecting China's economic growth to slow to the single digits this year, many analysts were surprised at how quickly China's booming economy has cooled. But despite China's GDP slowing from 11.4% in 2007 to 9% this year, the country's economic growth still clocks in as the fastest of the world's 20 biggest economies. (See also: "The Road to Recovery.")

And the U.S. and the majority of Europe, in contrast, are likely to experience negative economic growth in the next 12 months. That's because these two nations waited too long to take action, guarantee their banking systems and cut interest rates, which caused the financial crisis to escalate and ultimately drag down the American and European economies.

So compared with other global economies, China is still well positioned to continue its robust economic growth—I'm expecting 7% in 2009—and to fare the financial crisis relatively unscathed.

Here's Why

Over the past few weeks, I've been sharing with my China Strategy readers why China is offering the best opportunities for profits and why Chinese stocks will lead the global stock markets higher during the fourth quarter. Now, let me share these thoughts with you…