Presently, Chinese goods are flooding the markets around the world. Importing from China has an unprecedented growth over the years. But there was a time where there has been significant decline in the import / export business in China due to the global economic recession. This has changed starting December 2009 when importing from China has shown growth which gave hope to many sign that the world is recovering from the economic crisis. By January 2010, China has achieved 20% margin growth, which indeed was a sure sign that the world is back in the business.
The Chinese economy is the third largest in the world, and the increased in Chinese Imports is helping the economy strengthen and making the country an economic power. Import from China has been established as a major player in international economy. The growth rate of the foreign trade in the country had been greater than the growth rate of the country’s GDP.
Not only that China is making itself rise from the global recession, the country has also promised to stabilize the Chinese Yuan, to help other exporters who haven’t rise up yet from the effects of the recession. Since China imports have great impact in the worlds markets significantly, with the rise of Chinese import, the world’s economy also rose. Because of that, it has been speculated that China is not far off from becoming an economic power.
With China specializing on its imports, they became a great competitor to other Asian countries that also exports the same products as China. It is evident as of today that China is really developing its way to one of the top nations that has great monopoly over the world’s economy. Thus, importing from China to USA is blooming. And unlike other countries, China is a stable one, with a stable government that plans and comes up with better policies and strategies to develop further their import / export. This is a country that anticipates the future and plans ahead, execute this plans and still have time to make the country rise from the recession.
