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china economic growth

Article Index

[CHART] You'll Never Guess Who Surpassed China's GDP Growth Rate

By , Associate Editor, Money Morning • @TaraKateClarke -

China's GDP growth

China boasts the world's second-largest economy. It is the largest trading nation in the world, the largest manufacturing economy, the largest exporter, and has the world's fastest growing consumer market. The country produces and uses 60% of the world's cement, 46% of the world's coal, and its railway tracks could twice circle the earth.

But China's GDP growth rate is slowing, now on track to slip to a 25-year low in 2015 of under 7%.

And this unlikely economic force is growing. It out-earned China's economy by 40% in 2014 alone...

No One Believes China's GDP Numbers... But They're Not The Real Takeaway

By , Chief Investment Strategist, Money Map Report -

China’s GDP

China reported its most recent GDP figures as 6.9% growth versus the officially targeted 7% everybody was expecting.

Now the media's going to spend the next 72 hours talking about that China's GDP "miss" as if it's a real number. Ignore them.

Instead, focus on the data I'm going to share with you today. China's going to fuel the world's best businesses for decades to come.

And, in the process of doing so, create yet another round of millionaires. I want you to be one of them.

Why Jim Chanos is Wrong About China's "Ghost Cities"

By , Money Morning -

China's "ghost cities" present the West with the shocking images of vast urban areas that sit nearly empty.

In a striking report, shown recently on CBS News' "60 Minutes,"there are rows of high-rise apartment buildings, tracts full of suburban American-sized detached homes and  imposing government edifices in China's western  desert that are empty and utterly devoid of any signs of life.

Their existence has raised more than a few red flags among investors.

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China's Pyramid of Power

By , Money Morning -

China celebrated another achievement last week, as Mo Yan became the first Chinese citizen to win a Nobel Prize for literature.

The selection of Mo was praised by a Chinese nationalist tabloid as a sign that mainstream China could "no longer be refused by the West for long."

Mo grew up in Shandong province in northeastern China, and during the Cultural Revolution, he left school to work in the fields, finishing his education in the army, according to The Guardian. The author draws upon his rural upbringing in his novels, mixing historical perspective with mythical elements.

His real name is Guan Moye, but he chose "Mo Yan" as a pen name meaning "don't speak," to reflect the culture in which he grew up.

The new Nobel laureate is of the same generation as the new leaders set to take over the Politburo Standing Committee next month after the convening of the 18th National Congress of the Communist Party of China.

This group of men (and one female contender) are "old enough to remember the suffering of the Cultural Revolution, but also young enough to fully experience how China has grown through Deng [Xiaoping]'s opening of the economy to market forces," says CLSA China Strategy research.

They've seen vast political reforms take place, transforming China "from a country ruled by the contradictory personal whims of Mao to one ruled through institutions and rules," says William H. Overholt in The Washington Quarterly.

During these decades, "freedoms blossomed, affecting everything from clothing to haircuts to job or marital choices to social and political speech," says Overholt.

As a result of these policies, they've been able to witness China's incredible growth, with GDP averaging 10 percent per year and more than 500 million people moving out of poverty over the past 30 years.

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