Tuesday, May 17, 2005

China, a red hot economy

A great interest for China is in the air.
This week the CNN will broadcast a series of specials about China, including the documentary Navigating the new China with Stan Grant and the report from the Fortune Global Forum in Beijing with Jim Clancy.
This month two books with the same name has been released: the first one, The Chinese Century, is by Oded Shenkar, a management professor with a long interest in China; the second one, The Chinese Century, is by Federico Rampini, a journalist of the Italian newspaper La Repubblica who has been living in China for almost a year.
This year the global financial markets have been waiting for Chinese government to loose the existing peg between the yuan renminbi and the US dollar.
The rising of this red hot economy is changing the global balances of power and soon (in less than 15 years time, according to CIA) this 1.3 billion country will be the first economic (and maybe political) power in the world.
In my intention this would be only a bookmark, remembering you that outside your own country, a giant is becoming bigger and bigger day after day. I think that, at least, we have to know something about it and to think about what will happen in the near future.

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