Monday, August 11, 2008

Beijing Olympic 2008 - Moving Forward By Leaps And Bounds

It came somewhat as a shock to the world to read about London's Telegraph newspaper reporting that some of the fireworks which appeared over Beijing during the television broadcast of the Olympic Opening Ceremony were actually computer generated. Simply put, some of the opening fireworks were believed to be faked.

I don't know for sure to what extent the report is true. Anyhow, the report should not have been too shocking. The dazzling opening ceremony was really the work of modern wizardry, opening the eyes of the world to the transformed Middle Kingdom, from a backward nation to a modern state by leaps and bounds.

If the glamorous opening of Beijing Olympic 2008 had put you to wow with disbelief, then the surge of China to the rank of a global economic player should have in no small way raised your eyebrows with surprise. I started tracking China way back in 2001 when it started to go on the rise, with foreign reserves at less than 180 billion U.S. dollars, much less than Japan's.

In just about 7 years' time, the foreign reserves have made a big leap to stand now at more than 1 trillion U.S. dollars, overtaking Japan about two years back to be the world's largest foreign reserves holder.

China is still moving forwards at full steam!

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