Benjamin Wey: Reasons for US Firms to Get into the Chinese Marketplace Part 1

It is clear to all objective observers that the Chinese marketplace presents significant opportunities to investors today. Over the past 30 years the Chinese economy has grown, on average, by 10% a year, making it one of the world’s fastest growing economies, and has already passed Japan as the second largest economy in the world.

According to Ben Wey,

“The possibility of surpassing the United States, the world’s current largest economy by as early as 2030, shows that the strong growth in China in the next 20 years is very real. Nominal GDP in 2009 for China was $4.9 trillion, about 8% of global GPD, and in the U.S was $14.3 trillion, about a quarter of the global GDP.”