China has long been considered a poor country. After all it is a communist country and in such countries the main amount of riches all goes to the government. However, in the past few years it seems that China economy is growing in leaps and bounds, thereby making it an attractive place for investors.
It all started in the year 1979 when the country government changed how they had been looking at the economy. They have been slowly growing ever since with the state of their affairs really picking up in the 90’s.
The change in the 70’s meant that the once closed economy of China was suddenly open. The current government opened their eyes to the fact that their country was in a crisis and something had to change. They came up with a plan to enhance the whole country in ways than would meet the needs of everyone.
The past year has been a major turning point for China as it seems they have officially reached the end of their economic cycle and expected to quickly recover at a pace above that of other countries.
One reason that the country is on an economic upswing would be that other countries are in a great deal of financial crisis. That fact has given China the opportunity to come in and grab assets that are undervalued.
The country has already started to grow and have begun overhauling their most underdeveloped areas. The cities are also experiencing major change and are changing like never before.
It has always been known that China was a great trade nation and now they are surpassing Japan in the aspect of the gross national product. Everybody is anxious to see just how far this underdog can climb.
The empire of China can no longer be considered as a poor country according to most economic analysts. Their economy is growing like never before and all are waiting to see what happens next.
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