Good Financial News for China

China’s economic growth continues as a report from Mogran Stanley claims that Apple could make as much as $9 billion from the Chinese in 2012 compared to $2.9 billion this year.  According to Katy Huberty and Matthew Schneider, this increase will be due to Apple creating more ways for Chinese customers to find and buy Apple products in the future. Source: tuaw.com

The World Bank also announced China was the largest growth economy on the globe.

However, the post at Wall St.com pointed out potential weaknesses in China’s economy due to rising prices for agricultural goods and metals and the possibility of less demand for goods manufactured in China. The possibility of a currency or trade war that was recently avoided was also mentioned.

Then The Truth About Cars says that industry experts predict China is on the way to breaking the U.S. car sales peak in 2000 when 17.4 million vehicles were sold.

That would make China the auto industry’s largest consumer. Meanwhile, GM President Kevin Wale predicted that sales in China should top 19 million next year.

In fact, since the 1990s, China has expanded a network of expressways to connect the country’s cities. That network now has more than 65,000 kilometers (40,430 miles) making China the second longest expressway system in the world after the US. 

All major cities are expected to be linked to this system by 2020 when the goal to reach 85,000 kilometers (53,000 miles) is reached. This continued construction of roads, railroads and airports will provide a massive employment boost in China over the next decade.

As a comparison to understand how fast China has modernized, its neighbor and economic competitor in the region, India, only has about 200 kilometers of expressway.

Ride the Train to Tibet

______________

Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.

Comments are welcome — pro or con. However, comments must focus on the topic of the post, be civil and avoid ad hominem attacks.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: