| That's an interesting read. Countries that are big on exporting will and are being impacted by the ecomony. The financial woes in the states come largely from mismanagement, going from a $300 billion surplus in 2000 to the gazzilion deficit of today.
To get an additional perspective of China's growth, here are some stats from my sector (airlines).
1. The combined fleet of the state-run airlines, currently about 2,600 aircraft, is expected to grow to 4,500 within five years.
2. The number of air passengers travelling internationally from the country is predicted to rise by 10.8 per cent a year until 2014, according to the International Air Transport Association (IATA), while cargo volumes are expected to increase even faster, at 12.2 per cent annually.
The IATA forecast, issued this year, said that of the 800 million extra passengers expected to take to the skies globally by 2014, more than a quarter would be in China.
3. China will open 45 new airports over the next 15 years. The plan is to raise the number of airports in China to 220 by 2017.
I've mentioned here before, and I continue to be stunned by it, but I read recently that 2,000 new cars per week are hitting the streets of Shanghai.
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Sadowsky - Markbass - SWR
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