Go East, Young Man
My feet are now firmly on U.S. soil after a week in China, and I'm returning from my time abroad with a bullish outlook toward the world's second-largest economy. It's a position that is tough to put into words, but I'll give it my best shot in today's column. China is a force that simply must be experienced; it's challenging to capture the raw energy and excitement in the country in written or visual form.
Most investors are well aware of the impressive statistics that sketch China's economic potential, from the rapid urbanization to staggering GDP growth to the massive foreign reserves. But there is so much about the untapped potential in China that can't be conveyed through economic statistics, pictures or other traditional media. It's challenging to communicate just how busy the country is, and how the streets are teeming with people at just about every hour (including 6 a.m. on a Sunday or midnight on a Tuesday). It's impressive to see an entire younger generation that is eager to practice English -- a skill that will no doubt enhance business opportunities in the future. The work ethic is hard to describe, and almost hard to believe even after witnessing it in person. It's a population that is hardworking, motivated and determined to deliver a better life to the next generations. In other words, the China of today shares many qualities with the America of past decades that flourished. I'm convinced that China's greatest resource is its human capital, and that asset is poised to deliver stellar returns in the years and decades ahead....484 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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