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Here's why you should consider taking an early position in China in 2009.
The Chinese economy has been the fastest growing in the world for the last three decades, averaging double-digit growth for the last seven years. And while the credit crisis has slammed on the brakes in terms of growth in the West, China is still on track for a solid 8% growth in 2009.
People's Republic of China has already announced a $586 billion (4 trillion yuan) spending package
To further grease the recovery skids, China has reduced interest rates five times in the last three months , and loosened lending rules. Now China's banks are perfectly positioned to get the ball rolling, flush with cash from a world-leading savings rate of 35%. And because they are state-owned, the cash will flow quickly from the banks to government projects.
While most believe China's economy is export driven, statistics show public works spending accounts for 4%-6 % of the country's GDP growth.