>Wall Street Goes Brain Dead On China, Again!
INSIDE THE REPORT
- How China’s cash cow economy is raking in the dough ...
- Five reasons its economy will continue to boom in 2010 ...
- PLUS, FOUR recommendations to capitalize on China’s ongoing explosive growth ... and an important update on gold!
If you think China’s spectacularly growing economy is another bubble in the making ... or even that Google’s
current dispute with Beijing will take down the Middle Kingdom’s economy, think again. China’s economy is set to continue its near double-digit economic growth for years to come.
How Wall Street could get China wrong for so many years is beyond me. It’s almost as if no one with any brains on Wall Street ever steps foot in China, or, when they do, they have blindfolds on.
Not me. I head to China at least twice a year, with an open mind, and my list of contacts in tow.
Based on what I’ve seen, there’s no doubt in my mind that China’s economic growth is not only for real, but set to accelerate higher in 2010, and continue for the foreseeable future.
Let’s start by taking a detailed look at just some of the recent economic figures from China ...
■ Gross domestic product (GDP) expanded 8.9% in the third quarter in 2009 (accelerating from 7.9% in the second quarter and 6.1% in the first) ... and is expected to have jumped at least 10.9% in the fourth quarter.
This puts China’s full year 2009 growth at near 9%, a very impressive figure when you consider the rest of the world is in a deep recession.
Moreover, it now makes China ...
■ The world’s biggest exporter of manufactured goods, surpassing Germany.
And it puts China on track ...
■ To surpass the size of Japan’s economy this year and become the world’s second largest economy!
Virtually every detailed economic stat supports the big-picture growth figures ...
To read the full report: WALL STREET
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