China's Economy
Ryan Sullivan
Jeannette Mena
MSC 310, Sec. 102
21 May 2008
Module #3
Chinas economy has been in the spotlight of the media for quite some time now, and for good reason. China has moved quickly from a centrally planned economy to a market economy since the 1970s. Today, China has the fourth largest economy in the world and the move from a centrally planned economy to a market oriented one can take the majority of the credit. Chinas economy is not only large, but growing at an extremely fast rate. It’s growing at more than double the rate of the U.S. at 9.5%. A rapidly growing economy can only mean good things for foreign investors like International Truck & Engine.
Another important factor in determining the health of Chinas economy is GDP. Chinas GDP is currently at $7.043 trillion, second only to the United States. Clearly, this is another positive reinforce for investment by International Truck & Engine.
A nation’s future is held by its youth and promoted by......
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