“China, Inc.”

China is booming. You have to behold to believe. The economy has been on a tare for thirty years. Construction is everywhere, 24/7.

You can feel the hum.

A new KFC opens every other day, a new power plant every week. It holds the largest foreign reserves in the world ($1 trillion dollars) and is the number one destination for foreign investment. Yet it joined the World Trade Organization only in the late 1990s.
By 2013, its economy will be 1/3 of world output. By this century, its economy will pass the US. At least that’s what some are saying. When you look around it’s hard to deny that this could very well happen.

One thing is clear. China’s ascendance is lifting the world, and that’s never happened before. And with it, political aspirations and global influence…
http://www.nytimes.com/2009/08/24/business/global/24global.html?emc=eta1