That growth is now sustainable, says Jensen, as emerging markets (like China) are net lenders to developed markets.
According to figures out this morning from the Treasury Department, China was a net buyer of Treasuries in April for the first time in six months.
Last quarter, the second largest wireless carrier in China saw its net profits rise by almost 90% year-over-year as 3G revenues grew strongly and subsidies were reigned in by lower dependence on expensive smartphones such as the iPhone.
FORBES: China Unicom Dials Up $18 With Budget Smartphones Growth
After all, the government says it wants China to become a net exporter of intellectual property.
Last autumn, and again in the spring, China was briefly a net exporter of steel.
The surge in demand for animal proteins is forcing China to become a net importer of chicken and pork.
Quite appropriately, this morning we learned that China has been a net seller of U.S. Treasuries for five straight months.
China has been a net rice importer for several years, but sends some amounts of rice elsewhere, including to the U.S. and Hong Kong.
Theoretically, China could become a net importer of aluminum, even though 10 fully committed, verified expansion projects are coming in the next 18 months, Vazquez said.
FORBES: Stable-Higher Aluminum Expected From Participants, Delegates At Conference
Chief Executive Charles Li is refocusing HKEx to take advantage of expectations that China will become a net exporter of capital as currency restrictions are relaxed, with growing commodities and fixed-income products to diversify away from low-margin cash equities.
This follows the 5.5 million net 3G subscribers China Mobile had added during December.
FORBES: China Mobile's Surge In 3G Additions Shows That Life Goes On Without Apple
Over the past decade China has evolved from a net recipient to net donor.
ECONOMIST: Big developing countries are shaking up the world of aid
Would-be investors in Indian funds (see table) should keep in mind that, unlike China, India is a net importer.
China's Shanghai Composite slipped 0.1%, to a six-week low, after the country's National Bureau of Statistics indicated net income from China's largest industrial groups dropped 5.2% in the first two months of the year.
Golden Eagle Retail Group, one of the largest upmarket mall chains in China, said on Friday net profit was virtually flat in 2012 compared with a year earlier, underscoring the difficulty retail-related businesses had last year amid rising costs and slowing economic growth.
FORBES: Golden Eagle Says '12 Profit Was Flat, Underscoring Struggles In China Retail
Bank of China, the country's largest foreign-exchange bank, said that its net profit climbed 12% on-year in 2012, higher than analyst expectations. 2012 net profit at Agricultural Bank of China, China's largest rural lender by assets, came out a touch lower than expectations.
Speaking of cost, sometime last year the notion began to circulate that China will one day become a net importer of the rare earth minerals for which it currently provides 90% of the global supply.
Call it proof that there's a global wireless karma equilibrium, if you will, that needs to be maintained: China Unicom has warned that its net profit for 2009 will be down a whopping 50 percent, while one of its doppelgangers across the Sea of Japan -- NTT DoCoMo -- has encountered exactly the opposite fortune on news that it has posted a 48 percent year-over-year improvement in black ink.
ENGADGET: China Unicom profits down 50 percent, NTT DoCoMo up by the same margin
As with insurance products found anywhere in the world, insurance policies in China provide an element of a safety net, offering a measure of downside protection upon the occurrence of certain events.
Lardy and others argue that one way to increase consumption in China is to extend the social safety net to include rural residents, who now have to pay most of the costs of education, health, and retirement.
In China, it means improving the social safety net and reducing the need for saving.
The U.S. is still No. 2 worldwide in net CO2 emissions, trailing only China, and is still No. 10 per capita.
That leaves net creditor nations like Brazil and China, for instance, as possible bailout aids who can add to the IMF bailout funds.
FORBES: In A Bizarro World, Should Poor Nations Bail Out Rich Ones?
For the first time ever, the Asia-Pacific region, dominated by China, is now home to more high net worth individuals (HNWI) than all of Europe.
China is already setting up its own Chinese net addresses, which are not provided by the US-based Icann group, creating, in effect a regionalised internet over which Chinese authorities have more control.
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To get a read on whether these measures have made any dent in the real factors driving inflation in China, I'll be looking at net new bank lending and the money supply figures for December and the first couple of months this year.
As a result, the 2010 national census established that China had achieved near-universal primary school net enrolment and youth literacy rates (see above) while its total adult literacy rate rose markedly from 66 per cent in 1982 to 91 per cent in 2000 and 94 per cent by 2010.
China is the world's third-largest net importer of oil, behind the U.S. and Japan.
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