Only with China, the economy is growing faster than its BRIC counterparts.
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In the longer term, improved ties with China will benefit the economy.
In comparing America's economy with China's, for instance, whether you convert yuan into dollars at market exchange rates or after adjusting for purchasing power matters a lot.
"Traditional recruitment processes, as they are understood in the West, only really started to be used in China after 1978, with the gradual liberalizing of China's economy, " said Mike Tims, the Asia, Middle East and Africa president at global human-resources consultancy SHL Group Ltd.
That ETF may eventually occur in China with its rapidly growing economy and infinity for gold.
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Japan is the second largest single-country economy, with China close behind (and expected to pass Japan this year).
With an opening economy, China presents a lucrative growth opportunity that can help Nike gain share in the sports products market.
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On Monday, the Ministry of Trade and Industry (MTI) forecast growth of between 8% and 9% for the whole year, putting Singapore on a par with China, the fastest growing economy in Asia.
But broadly speaking, trade with India, trade with China, trade with countries all around the world is vital to global economy growth and especially to economic growth in the United States.
To sustain its catch-up with America, China needs to rebalance its economy away from exports towards consumer spending, which will require a rise in its real exchange rate.
With its biggest export market in a funk, China needs to accelerate the rebalancing of its economy towards domestic consumption, with the help of a stronger currency.
And tomorrow, we conclude with the conversation about fitting China into the global economy.
Just a year ago, India was an investor darling, accustomed to near double-digit gross domestic product growth and talk of rivalry with China to be the fastest-growing big economy in the world.
The theories in recent times which tried to link small changes in incremental growth in China with the likely future of the Australian economy are not supported by data and information that we have.
"Growth in Asia will help drive the global economy, with Japan's expansion well established, " it said, adding that China's economy would continue to grow despite government efforts to cool its rapid expansion.
Now the world's second-largest economy, and flush with cash, China has built the world's longest high-speed rail network -- boasting more than 8, 300 kilometers (5, 100 miles) of routes -- in a few short years.
For an economy vulnerable to financial panics, trade with China has been a boon.
The U.S. is the first major economy to show up after China, with Germany and Japan two and three places back, in 21 and 22 place respectively.
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Now consider the potential size of a first-world economy in much of China--with sufficient openness and rule of law--plus the likely international links as its membership in the World Trade Organization kicks in.
Those fears gained credibility when China shocked global markets with the report Thursday that its economy experienced a surprise trade deficit in February, as the cost of imports, influenced by surging commodity prices, exceeded the value of its exports.
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To rebalance an economy with excess capacity and to continue growing, China needs domestic consumption to grow much faster than domestic production for many years.
"It's important for them to build relations with China now, " she said, adding that the Asian economy has been growing exponentially as a buyer in the market over the last two years.
Speaking to reporters at a press conference, Commerce Secretary Carlos Gutierrez said the decision "doesn't signal a retreat from economic engagement with China, " but added that the Asian country's economy has developed to the point that trade tools the U.S. employs in its dealings with other industrialized nations can now be used.
Of course, our sluggish recovery has had little help from China, and resurgence in China (along with other emerging markets) could give the US economy a boost in 2013.
And that's one reason why Alex Salmond is heading to Qatar this weekend, and China in early December, with a new proposition to boost the Scottish economy.
In addition to providing critical capital and helping underwrite both healthy and faltering SOEs, the listings provide legitimacy for China's centrally planned economy and create a global constituency with a vested interest in ensuring that these companies not only survive, but prosper.
By now, China has become the third-largest economy in the world, with the largest foreign reserves.
Their vision of China in 2015 is of a more consumer-driven economy, with wages increasing a very strong 139%.
But while China deals with its own unsustainable investment policies, many sectors of the Chinese economy are in firm rebound mode.
He even has a wager with The Economist magazine in London, which predicted that China would be the largest economy by 2018.
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