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"2010: China will become the world's second biggest economy by nominal GDP, surpassing Japan. China becomes the biggest economy in the world by PPP, surpassing USA. China is currently the third largest economy in the world next to Japan and the US.

If trends continue, China will become the biggest trading nation (total imports and exports) by 2013-2014, and become the world's biggest economy by nominal GDP by 2017" China Daily 2007/3/02

China believe they can catch up with US by the year of 2017. At least, that is their goal.

Check out these two of the most popular China's young pop groups, see how much Hollywood in them, personally I see a great market for the US products in the makeing!!

Check out these two of the most popular China's young pop groups, see how much Hollywood in them, personally I see a great market for the US products in the makeing!!

http://www.wretch.cc/video/onlyyouxi&func=single&v...

http://www.wretch.cc/video/onlyyouxi&func=single&v...

http://www.wretch.cc/video/na6313025&func=single&v...

http://www.wretch.cc/video/wish725610&func=single&...

http://www.wretch.cc/video/b8653045&func=single&vi...

In Nov. China consume more than double of US products due to the fallen rate of USD

China in November announced its sweeping economic stimulus package valued at about 4 trillion dollars

spending on its infrastructure, which will requires money from US reserves, putting more pressure on

the value of USD.They want to overcome this worldwide economic downturn by focusing on domestic market.

Since 2004, when the amount of the government bond issuance reached an annual average of $400 billion,

94% of US government bonds have been purchased by China and Japan. It is estimated, The US owe China between 1-2 Trillions.

"There is no wonder the dollar will weaken," said Eisuke Sakakibara, Japan's former top currency official and now

a professor at Waseda University. "The dollar now looks strong for a technical reason. The money the US financial

firms had invested in the world is being repatriated into the homeland, causing dollar-buying.

But once this conversion into the dollars is done, the currency will head south,"

LARGEST INVESTORS IN CHINA HAVE BEEN JAPAN, TAIWAN(HK),KOREA, EU, FOLLOWED BY THE USA.

China is no longer accepting labor based investments. All labor based foreign investments that already existed in China are forced to move to the

poor inland and farming villages to improve the large poor population in the inland China.

China is confident that IT, chemical, bio technology, electronic and service industries can now support the rich coastal cities,

and they are aiming at upgrading the level of economy.

In fact, they have much more advanced stem cell biotechnology. They claim will be able to supply all human blood needed in China within five yrs through

stem cell technology.

http://www.bloomberg.com/apps/news?pid=20601073&si...

http://morbidsymptoms.blogspot.com/2008/11/end-of-...

Protest in China because of eating cats for dinner. http://www.breitbart.com/article.php?id=D955AO580&...

http://www.robbinsnest.com/taylor-smith-taylor/blu...

http://www.finechina.cc/