CHINA ON THE WAY TO BECOME WORLD'S FOURTH BIGGEST ECONOMY
I have written in a previous post that Chinese goods are beginning to dominate the consumer goods market in Bangladesh.
Now The Guardian reports:
According to government officials, the amount of economic activity in China soared to RMB7.9 trillion (�570bn) in the first nine months of the year, putting China on course to achieve a growth rate of 8.5% for 2003 - the fastest in more than five years.
If the country can maintain this pace it will overtake Britain and France to become the world's fourth biggest economy well before the end of 2005.
The trade imbalance between US & China - totaling $103 billion last year - has contributed to a steady loss of U.S. manufacturing jobs and a weak U.S. economy.
So I am curios to know where China will go after 5 years.