China...the great and powerful country

China just celebrated their nation’s 60th anniversary last week. The celebration is aiming to show its citizens and the world how China is powerful nowadays. There are military parades showing the hi-technology military weapons, tanks and missiles. There are four highlighting floats in this parade. First one is about the Chinese province’s charm. The second float carrying fish and a sheaf of wheat proclaimed China’s ability to feed itself. The third one is holding a huge space capsule, celebrated China’s space program and the last one depicted the bullet trains that are beginning to link a few large cities.

China is the world most populous country and fastest growing country at this time. The economy of China is huge and expanding rapidly. Many economists predict that China is going to be the biggest economy in the world in this century. After economic reform, more independence has been granted to business enterprises. This led to the creation of a number of various types of privately held enterprises within the services sector, as well as the light manufacturing sectors. In addition, Government also opens more to Foreign Direct Investment and these help boosting and expanding its economy. China is seems to be both largest producer and consumer in the world. It is the main trade partners with many countries. That is why its economy has a huge effect on the world economic situation.

Many foreign direct investments have been flowing into China since they could get benefits from government’s policies aiming to attract FDI and also benefit from low-wage rate of labor. China could be considered one of business center in the world making its language and currency become very important. Due to its enormous landscape and great amount of its population, China could produce a variety of product as much as necessary for its domestic consumption and still has ability to producing and serving to other countries. This can reflect that China has an ability to feed itself as it implies from the parade.

Moreover, China just official established its Space program recently showing that China also emphasizes on the technology development as well as space development. It reached another milestone for the country in developing space technology. It could be said that china’s space program is speeding along helping establish country as technological power. This space program would aid the nation economically by helping to create technological breakthroughs that may someday be applied to computers or other digital equipment.

In addition, China keeps improving its infrastructure within its country in order to improve living standard of its citizens as well as attract foreign direct investment. Bullet train linking between many major cities has been constructing and once completed, it is going to be largest, fastest, and most technologically sophisticated in the world.

As u can see, China has been improving it country through many aspects at the same time. That’s why it is not surprising to me that China is going to be the most powerful country in the world competing with the United States.