China’s economy is growing vigorously and at rates which are still impressive even in today’s down global economy. At one point, during the Chairman Mao years, the Chinese economy was considered a basket case. Economic liberalization over the last couple of decades, however, has unleashed an appetite on the part of the country in terms of imports and exports that a significant.

Chinese national leaders have stated that the Chinese economy is still growing every month, and there’s little evidence to dispute that fact. Chinese appear to be ready to overtake Japan in terms of who the second-largest economy in the world will be. This is probably going to occur by the end of 2009.

Chinese GDP or gross domestic product increased by 7. 1% in the first six months of 2009. That’s quite a feat, when one considers that most national economies were hit hard by the collapse of the global financial system. The amount of the increase in GDP separates it from the other top national economies (10, overall) in that it was the only one to increase this year.

Chinese economic strength is thought by many financial experts to be the catalyst that will lead the rest of the world out of the economic slump, in fact. It is important that the world leave that slump behind, though, as China depends on the economies of the United States and other countries to be vigorous enough to buy Chinese goods and services.

Realizing this, both China and the United States have sought to work closely together in order to stabilize economic and strategic actions that will hopefully have the effect of improving and creating growth in the US sector. Americans are the largest consumers of Chinese goods, so it’s important to the Chinese government that this effect manifests itself soon.

Just about every China watcher these days states that the country is going to a lot of trouble to be a responsible partner in terms of global economic activities. This is quite different from the days when Chairman Mao ran the country with an iron fist. Additionally, the Chinese economic stimulus program ran by the government has proven to be a great success, highlighting how effective a stimulus can be when done properly.

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