From Guajardo: Lately China seems to be the global player to look out for. It's economy and modernization has been steadily increasing and causing other countries to take a second look at China as a future economic competitor. However, China has struggled with several factors that experts are saying will actually begin to slow China's economy just a bit. A 7.9 earthquake took 90,000 lives and a fierce winter storm killed hundreds during it's busiest travel time. Inflation, high energy costs and the world financial crisis will decrease China's economic growth by 9%. Premier Wen Jiabao said "the turmoil and economic instability will have a "gradual" effect on the country."
Goals for China's leader's are to decrease unemployment and control inflation by focusing on the rural middle class and helping out small business by making loans more accesible to them. Advantages for China include its large labor pool, vast domestic market and the increasing competitiveness of its companies.
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