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2 China’s Economic Output - $ 1.6 TrillionChina’s Economic Output - $ 1.6 Trillion Expected to triple over next 15 yearsExpected to triple over next 15 years Expected to overtake Japan by 2015Expected to overtake Japan by 2015 Expected to overtake U.S. by 2039Expected to overtake U.S. by 2039

3 China is world’s largest producer of coal, steelChina is world’s largest producer of coal, steel and cement and cement Worlds second largest consumer of energyWorlds second largest consumer of energy Third largest importer of oilThird largest importer of oil

4 China’s exports to USA have grown 1,600 %China’s exports to USA have grown 1,600 % over the past 15 years over the past 15 years U.S. exports to China have grown by 415 %U.S. exports to China have grown by 415 % over the same period over the same period World’s fastest growing economyWorld’s fastest growing economy World’s second largest holder ofWorld’s second largest holder of foreign-exchange reserves foreign-exchange reserves

5 Starbucks would have more cafes inStarbucks would have more cafes in China in three years China in three years China manufactures two thirds of the world’sChina manufactures two thirds of the world’s copiers, microwave ovens, DVD players and copiers, microwave ovens, DVD players and shoes. shoes.

6 Wal-Mart, the worlds largest corporation,Wal-Mart, the worlds largest corporation, imported $ 18 billion worth of goods in 2004 imported $ 18 billion worth of goods in % of Wal-Mart’s suppliers are from China80 % of Wal-Mart’s suppliers are from China Cheap imports from China have savedCheap imports from China have saved American consumers more than $ 600 billion American consumers more than $ 600 billion in the past decade (American Manufactures in the past decade (American Manufactures have profited even MORE by selling these have profited even MORE by selling these imports in USA !!) imports in USA !!)

7 December Chinese government decides toDecember Chinese government decides to focus on development and modernization, focus on development and modernization, instead of ideology to guide its policies instead of ideology to guide its policies Resulted in a 9% growth rate for more than 25 yearsResulted in a 9% growth rate for more than 25 years 300 million people lifted out of poverty in China in the300 million people lifted out of poverty in China in the same period same period Average Chinese person’s income has quadrupledAverage Chinese person’s income has quadrupled

8 The first supermarket opened in China in 1993The first supermarket opened in China in 1993 By 2003 there were 60,000 supermarketsBy 2003 there were 60,000 supermarkets China has 34,000 miles of expressway,China has 34,000 miles of expressway, which is expected to triple 25 years which is expected to triple 25 years

9 In five years, China will produce moreIn five years, China will produce more Ph.D.s than America Ph.D.s than America The price of gas is $1.84 a gallonThe price of gas is $1.84 a gallon By 2007, Chinese will surpass EnglishBy 2007, Chinese will surpass English as the most used language on the internet as the most used language on the internet 2008 Olympics - Beijing, China2008 Olympics - Beijing, China

10 On Oct. 15, 2003 China became the third nation to independently launch an astronaut into Earth orbit

11 Chinese Bhuddhists

12 Chinese Catholics

13 Chinese Christians

14 Chinese Muslims