China Continues Rapid Growth

October 22, 2009

In case there was any doubt that China is the global economic leader right now, the latest numbers make that point crystal clear. On Thursday, we learned that China's economy grew at a vigorous 8.9% in the third quarter from the same period a year earlier. What's more, this Q3 growth is up from a 7.9% annual rate in Q2.

In short, China was still growing during the recession and is now booming during the recovery.

There's more: Improvements in the Chinese economy earlier in 2009 relied on a massive $585 billion stimulus package. But it appears that economic growth is now being achieved without government support. Data for the third quarter shows improving industrial output and a rebound in production–keys for an economy that still largely relies on manufacturing. Also, the job market in China is improving and corporate spending in general is picking up.

In my October 5 issue of Global Growth, I said that sometime in the next 12 months China will unseat Japan as the #2 economy in the world. It looks like after these latest numbers, it could happen sooner rather than later!

I will continue to hunt for the very best Chinese stocks to tap into this region's tremendous potential. One of my absolute favorite Chinese stocks right now is Puda Coal (PUDA). ) I recommended this stock in that same issue of Global Growth that I mentioned earlier, and my subscribers have really cashed in–making profits of more than 25% in just over two weeks!

These are the kind of explosive stocks you can find when you tap into the power of China. For more picks like Puda Coal, try a risk-free trial to Global Growth.

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