Tuesday, March 17, 2009

China- The new SUPERPOWER

The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis.

"China has bittered all odds and has emerged as a super-power."
G7 Summit

The third largest economy of world has already become more assertive; now it is exploiting its unusual position as a country with piles of cash and a strong banking system, at a time when many countries have neither, to acquire natural resources and make new friends for fresh investments.

"China's leaders are turning economic crisis to competitive advantage"

1 comment:

Shaurya Srivastava said...

Yeah Man!!! China may become super-power,,,,But too early to say that,,,,Nicely explained!!!