RRJ 4

Reference:
Chinadaily.com.cn ( 2010, August 10). MORE CONCERNS THAN CHEERS,
Returned on Sep 14,2010 From http://www.lexisnexis.com/hottopics/lnacademic/?

Summary:
According to the article, China is more powerful than before because of its increasing economy. It does not matter whether China will be at the top of the world economy in the future, the most important things are the annual rate of growth and its currency exchange rate, however the annual per person income is less than they of the United States and European countries. China cannot be compared with developed countries in 2003, but the real estate activity in recent years hastened the rise of its economy. The question is, is the real estate activity a strong foundation to lead China to the top also, what can be hindering the progress over China is the concern of the difference between urban and rural in terms of income as well as nepotism and corruption and government interference in economic activity.


Reaction:
In my opinion, China is on the verge of a boom in its economy more than it was formerly. The reason is the huge number of the population. The population is the backbone of the economy of any country. They represent 20% of the world's total. What increases the chances of China to lead the world economy is distancing itself entirely from wars and internal stability. Also opening up between China and the big industrial countries has strengthened its expertise and this made her the second largest country in the world economically.