The latest data concludes China has just overtaken Italy in the world economic ratings and is soon going to overtake Britain and France. The growth of China's economy has been under-estimated by both the Chinese government and in other countries.
China's productivity and economic advancement is proceeding at a dramatic rate, twice as fast as previously thought.
China has some huge advantages over Europe. There is no religious extremism allowed in China and so it's far more stable than France for foreign investment. Jobs being created revolve around core manufacturing. China now is like the U.S. after WW2 with manufacturing positively booming within the country.
And China is well-set to win more medals than any other country in the next Olympics as they adopted the old Soivet athletics program that won Moscow so many gold medals.
"One report says that China's economy is growing faster than any other major country, and that it has surpassed Italy to become the sixth largest economy in the world.
At current exchange levels, China could overtake France next year, and the UK by 2005 or 2006, Bloomberg said.
China's trade volume is forecast to hit a record $500bn (£344.4bn; 564.4 euros) in 2001, while its gross domestic product was about $1.16 trillion."
China's productivity and economic advancement is proceeding at a dramatic rate, twice as fast as previously thought.
China has some huge advantages over Europe. There is no religious extremism allowed in China and so it's far more stable than France for foreign investment. Jobs being created revolve around core manufacturing. China now is like the U.S. after WW2 with manufacturing positively booming within the country.
And China is well-set to win more medals than any other country in the next Olympics as they adopted the old Soivet athletics program that won Moscow so many gold medals.
"One report says that China's economy is growing faster than any other major country, and that it has surpassed Italy to become the sixth largest economy in the world.
At current exchange levels, China could overtake France next year, and the UK by 2005 or 2006, Bloomberg said.
China's trade volume is forecast to hit a record $500bn (£344.4bn; 564.4 euros) in 2001, while its gross domestic product was about $1.16 trillion."