China GDP Growth

Saw a report today indicating that China is growing at "single" digit rates for the first time in recent memory.  Boo-hoo.  Any country sporting a 9.9% growth rate is nothing to sneeze at.  That's still a torrid pace.  Let's not forget that China's experiencing its industrial revolution this decade and that's likely to continue into the next one.  

China just woke up after slumbering for the past 50 years.  It has a lot of catch up to do.  Its coffers are filled with vast amounts of money and will rightfully deploy them as the century progresses.  The rising middle class will continue to demand a better quality of life and so companies will continue to find opportunities to sell and serve.  With close to 1.5 billion people, there are unthinkable opportunities to be seized.

The 9.9% rate is all relative.  The Chinese stock market has corrected over 50% during the past few months and although the stock bubble has bursted the growth that the country experienced is real.  The paper money may be lost but the real money is still around.  It's not too far-fetched to conceive that double digit growth will resume in a year or two...or maybe even sooner.  With China, you have to expect the unexpected.