Sunday, August 10, 2008

Beijing Olympic 2008 - China Surged Up To Be Economic Power

Chen Xiexia's mighty lift in women's 48 kg weightlifting gave China its first gold of the 2008 Olympics. The stout Chen did China proud in this globally acclaimed sports meet.

Deng Xiaoping in 80s opened up China's economy to global trades and investments in his ambitious plan to lift up the giant in its economic performance.

In less than 20 years after Deng implemented economic reforms, the gigantic Middle Kingdom was lifted up to new height economically, making it a global economic power with influence surpassing a lot of developed nations.

In 2000, Goldman Sachs propounded BRIC theory to project the likely new order of the world economic powers in the nest 35-40 years. According to Goldman Sachs, Brazil, Russia, India and China would emerge to be the key economic players, taking over the places of Italy. England. France and Canada in G7. The theory suggests that the future economic powers would be reshuffled, leaving only U.S., Japan and Germany to stay on in G7, the global rich nations' club.

The rise of China is certainly not coincidental or miraculous. China has all the fundamrntals to take it to greater height, making it a global power player now to be reckoned with.

In the early 60s, the brains in the Pentagon of the U.S. instituted a strategic study on the east. Calling China a sleeping lion, the study underpinned the fundamentals of the strategic planning for the Asian region by the States.

The one-time sleeping lion is now roaring loud, making the world look up to this Middle Kingdom with raised eyebrows.

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