China - Every where I go there will always be some article about China. China's development and growth has been more than phenomenal. In November, I went to Sydney and everyone is talking about China. Why? because China is now Australia's largest export market and it is the real reason for the strong Australian dollar and booming economy. Sydney taxi drivers talk about how China has made Western Australia a booming state and made many people there rich.
In such a short period of time, China has become an economic Juggernaut:
- World largest mobile phone subscribers and still growing...
- 3rd largest economy in the World - by end of 2007, China will overtake Germany to be the 3rd largest economy in the World
- Bringing more than 100 million people out of poverty in 10 years
World's Largest Steel Producer - China surpassed the US to become the World's largest steel producer in 1997 (10 years ago). China's mills have increased their output five fold over the decade, to about 38% of the world's total.
Reference:
IHT
World's Largest Exporter - In September 2005, OECD stated that China could be the World's largest exporter by 2010, but during the first six months of 2006, China has surpassed the United States as being the world's largest exporter. Only five years ago, the United States exported more than double the amount of China.
Reference:
Manufacturing News
OECD press release
World's biggest CO2 Emitter - The International Energy Agency has predicted that China's carbon emissions would not equal those of the US until 2010 . But in 2006, accordingly to the Netherlands Environmental Assessment Agency, China has already overtaken US as the world's biggest CO2 emitter.
Reference:
IEA Press release
Guardian UK
NY Times
