China Rising Economy

China's economy is likely to surpass the United States in less than two decades while Asia will overtake North America and Europe combined in global power by 2030, a U.S. intelligence report said on Monday.

The report also states that: "As the world's largest economic power, China is expected to remain ahead of India, but the gap could begin to close by 2030," it said.

"India's rate of economic growth is likely to rise while China's slows. In 2030 India could be the rising economic powerhouse that China is seen to be today. China's current economic growth rate - 8 to 10 percent - will probably be a distant memory by 2030."

With the economic expansion that accelerated dramatically since the 1990, countries have opened up their doors to foreign investors and companies.

China is a well loved country for low cost labor and always and an endless qualified workplace. Combining the low wages and the quality of its workers, China has become an attractive place for big companies to install their manufacturing department and produce goods from China.

The Savings allow companies to increase their profit and still be able to use low wage labor legally without having to worry about legal backlashes.

China wealthy class is buying company and holding stake in foreign countries. China is the second-largest holder of U.S. government debt after the Federal Reserve. China’s holdings of U.S. government securities were $1.164 trillion as of June, according to Treasury Department data released Aug. 15.

China’s market is an expanding market. Its automotive market is a very attractive one fro car manufacturer since more Chinese are looking to won a car, luxury cars are looking to increase their shares of the market by expanding their presence in the country.

China has been spending a lot of money to expand and upgrade its military infrastructures.

China was recently able to carry landing test on its first aircraft carrier. China spent about $100 billion. China is developing and acquiring new sophisticated weapons including a home built J-20 stealth fighter jet, which made a test flight last year.

Even though most of the country is still living in poor condition, China has been slowly positioning itself to be one of the world superpower. Whether we look at china economy, its military or its population, china has been growing. There is an endless supply of willing low wages labor ready to work, a strong sense of pride and a need to flex some muscle. China is a country to be reckoned with, a country not to be neglected since it has proven to have the resources and the willingness to be a superpower.

This article was written by Kadjolo Coulibaly Managing partner at KDL Financial LLC