A Review of China (Non-Military)

Shanghai Skyline

China In 2009 -- Information Dissemination

As we look back on everything that happened this year, I decided to look at more than just naval shipbuilding and military/civilian aviation, but also the financial and economical engine that is China. Many people waited for the Beijing Olympics to be China's crowing moment or coming out party. In many ways, 2008 was a milestone year when one considers the major snow storm that crippled the country, the Tibet riot, the Sichuan Earthquake and the Beijing Olympics. However, this year has turned out to be the true coming out party for China. Due to the fall of Western financial institutions (especially in New York and London) and our current economic downturn, the world has been increasingly relying on China to be the knight in shining armour. In many ways, the increased power and expectations have come way too much and way too fast for China.

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My Comment: A good review of China's economic growth and development. It is still too early to say that China's economy is a success story .... but life in China is definitely better today than what it was when I lived there in 1988.