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	<title>Integrity Legal Blog &#187; China Economic Growth</title>
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		<title>Reuters Reports G.E. CEO Says China To Be &#8220;Biggest Economy In the World&#8221;</title>
		<link>http://integrity-legal.com/legal-blog/thailand-business/reuters-reports-ge-ceo-says-china-to-be-biggest-economy-in-the-world/</link>
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		<pubDate>Tue, 25 Jan 2011 10:28:48 +0000</pubDate>
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		<category><![CDATA[China Economic Growth]]></category>
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		<guid isPermaLink="false">http://integrity-legal.com/legal-blog/?p=3969</guid>
		<description><![CDATA[There is little doubt that China has an incredible capacity for growth and those looking international investment or business opportunities are well advised to research the Chinese market. That said, China does not represent the only country in Asia which has economic opportunities that are becoming more readily available to investors and entrepreneurs due to globalization.]]></description>
			<content:encoded><![CDATA[<p>The administration of this blog recently noticed an article from the Reuters news agency in which the Chief Executive Officer of General Electric was commenting upon the economic situation in China and how this impacts the relationship between the United States of America and Peoples&#8217; Republic of China in both the economic and political spheres. To <a title="quote" href="http://www.reuters.com/article/idUSTRE70J5JZ20110120" target="_blank">quote</a> directly from the <a title="Reuters" href="http://www.reuters.com" target="_blank">Reuters</a> News Service:</p>
<blockquote><p><strong><em><span id="articleText"><span class="focusParagraph">(Reuters) &#8211; For Jeff Immelt, the CEO of General Electric (<span id="symbol_GE.N_0"><a href="http://www.reuters.com/finance/stocks/overview?symbol=GE.N">GE.N</a></span>),  the 130 year-old American industrial behemoth, the financial crisis  marked the end of the age of America&#8217;s economic dominance.</span></span></em></strong></p></blockquote>
<p><span><span class="focusParagraph">This blogger has noticed that there seems to be a level of pessimism regarding the American economy. Although it is currently going through economic turbulence, and has been for a while, the US economy, in this blogger&#8217;s opinion; remains one of best countries in the world for trade and economic activity. Those doing business in the USA may enjoy the benefits that come from the American financial, economic, and physical infrastructure. Hopefully, the optimism for which America has, in the past, been noted for will return once the economy returns to an &#8220;even keel&#8221;. Reuters continues: </span></span></p>
<blockquote><p><strong><em><span id="articleText">But Mr. Immelt said the future will be  different. For the next 25 years, he said, the American consumer &#8220;is not  going to be the engine of global growth. It is going to be the billion  people joining the middle class in Asia, it is going to be what the  resource-rich countries do with their newfound wealth of high oil  prices. That&#8217;s the game.&#8221;</span></em></strong></p>
<p><strong><em>A lot of  that game will be played in China. At a moment when it is compulsory on  the American right to pay homage to the exceptionalism of the United  States, Mr. Immelt, a lifelong Republican, is matter-of-fact about  China&#8217;s inevitable rise.</em></strong></p></blockquote>
<p><span><span class="focusParagraph">The interesting piece of information that this blogger noted in the aforementioned article was the fact that the G.E. CEO took notice of the fact that the middle class is growing rapidly in Asia. The thought of an Asian middle class numbering 1 billion or more is truly staggering when one takes into account the economic impact of such growth. As Asians in general become more affluent the side effects will likely be increased trade and economic activity as these newly minted members of the middle class use their new found wealth to make purchases of property, goods, and services (in Asia, the EU, UK, and the United States). The most poignant line of this Reuters article, in this blogger&#8217;s opinion was: </span></span></p>
<blockquote><p><strong><em><span id="articleText">&#8220;It is going to be the biggest economy in the world,&#8221; Mr. Immelt said of China. &#8220;The only question is when.&#8221;</span></em></strong></p></blockquote>
<p><span><span class="focusParagraph">There is little doubt that China has an incredible capacity for growth and those looking international investment or business opportunities are well advised to research the Chinese market. That said, China does not represent the only country in Asia which has economic opportunities that are becoming more readily available to investors and entrepreneurs due to globalization. The Kingdom of Thailand, a member of the Association of Southeast Asian Nations (<a title="ASEAN" href="http://integrity-legal.com/legal-blog/thailand-business/15-billion-chinese-trading-complex-to-be-built-in-bangkok-thailand/" target="_blank">ASEAN</a>), has investment opportunities in the form of <a title="Thai Property" href="http://www.integrity-legal.com/real-estate-thailand/thailand-property-law.html" target="_blank">Thai Property</a>, <a title="Thai real estate" href="http://www.integrity-legal.com/real-estate-thailand/real-estate-overview.html" target="_blank">Thai Real Estate</a>, and Thai businesses. Furthermore, for Americans conducting business in Thailand can prove profitable especially since the <a title="US-Thai Treaty of Amity" href="http://integrity-legal.com/legal-blog/thailand-business/westlaw-business-reports-increased-risk-in-certain-sectors-in-thailands-economy/" target="_blank">US-Thai Treaty of Amity</a> allows Americans to own virtually 100% of a <a title="Thai Company" href="http://www.integrity-legal.com/company-thailand/limited-company.html" target="_blank">Thai Company</a> with <a title="Amity Treaty" href="http://www.integrity-legal.com/company-thailand/amity-treaty.html" target="_blank">Amity Treaty</a> certification (sometimes referred to as an <a title="Amity Company" href="http://integrity-legal.com/legal-blog/thailand-business/us-thai-amity-treaty-certification-restrictions/" target="_blank">Amity Company</a>). </span></span></p>
<p><span><span class="focusParagraph">Meanwhile, the landlocked country of Laos recently opened a <a title="Lao Securities Exchange" href="http://integrity-legal.com/legal-blog/laos-business/laos-opens-stock-exchange-to-raise-new-investment-capital/" target="_blank">Lao Securities Exchange</a> in an effort to raise capital through equity investment. The Kingdom of Cambodia recently announced that a <a title="Cambodian Stock Exchange" href="http://integrity-legal.com/legal-blog/cambodia-business/cambodian-stock-exchange-to-open-in-mid-2011/" target="_blank">Cambodian Stock Exchange</a> is to be unveiled in mid-2011 while recent reports have noted that Burmese officials hope to be in the process of creating a <a title="Myanmar Stock Exchange" href="http://integrity-legal.com/legal-blog/myanmar-burma-business/amidst-calls-to-end-economic-sanctions-myanmar-ponders-opening-stock-exchange/" target="_blank">Myanmar Stock Exchange</a> as well. Such developments remain to be fully realized, but such examples clearly indicate that Mainland China is not the only &#8220;game in town&#8221; when it comes to investment opportunities and economic growth in Asia. </span></span></p>
<p><span><span class="focusParagraph">For related information please see: <a title="US Company Registration" href="http://www.uscompanyregistration.com" target="_blank">US Company Registration</a>.<br />
</span></span></p>
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