China is the third biggest country in the world after russia and canada.China has a lot of metals.They are the leaders of 17 different metals.They have the biggest potential of hydroelectric power and coal reserves.The biggest deficiency of their economic infrastructure is communication.
China has an economy which grow faster.They grow &8.6 in 2003,&9.5 in 2004,&10.4 in 2005,&10.7 in 2006 and %11.9 in 2007.There are lots of reasons why China grew economically,the most important ones are investments and increase of exports.
The foreign capitals which are in China economy are about 60 billion dollar in a year.These foreign capitals are used mostly in production sector.The reason why foreign capitals are in China is decrease of costs.56 percent of total china exports are made by companies which are not from China.Also China is a big market.Assortments of investments affects foreign investors.
Developing countries are the ones that can’t compete with china and developed countries are the ones that can take advantage of China market.There are different countries that can affect badly or good by China’s wto(world trade organization) membership.at this point,developed countries can take advantage on China’s growth but the others cannot.
How can we protect our economy aganist the China ?Decrease of costs at production ,energy,raw material and capital could be useful for competing with China economy If governments supports the local investors and real sector,that could prevent the effect of China market and also governments have to protect their local investors for bureaucratic problems.
