Growing Number of Foreigners in China

By: IC

With a strong economy comes great expansion and an improved life style. This concept has remained true throughout history, countries with strong financials are able to remain a float and offer its citizens a good life style compared to countries where the economy is weak and under-developed. Countries such as China are highly developed and have strong financials mostly due to the massive production of goods which are exported to several countries across the globe.

From candles all the way to cars, China manufactures every single part needed to make things work and to ensure jobs within its domain which is why this country has experienced an increase in the amount of foreigners who travel there in order to get a better job compared to the ones they got at their home country. If you already assumed that people who go to work in China come from third world countries then we need to re-evaluate our understanding of the Chinese market, the fact of the matter is that most of the workers who are traveling to China looking for better opportunities include people from wealthy countries such as USA, Japan and Korea (south).

The main Chinese cities foreigners visit in order to acquire good positions and do business include: Shanghai, Beijing and Guangzhou; each of these cities counts with a developed business district were highly educated foreigners are able to put their knowledge to good use in industries such as manufacturing, software development, service and information technology.

Routers, reported that during the second quarter of 2007 China's GDP growth increased to 11.9% which is the fastest growth pace seen since 2005. China's credit growth accelerated dramatically as well. By the end of 2006 it was reported that nearly 180 thousand registered foreign workers were operating in China, which is an eye opening number compared to previous years.

The figures quoted above don't include those people who teach English as a second language in this country, if we are to include those with work and other business permits the numbers would really be enormous. During 2008 this country's economy is yet expected to grow an additional 8.7% compared to 2007, it may not compared to the second quarter of 2007 but it certainly is a strong growth considering the current global economy. China's economy is thriving due to it's highly commercial orientation in the global market and it will continue to thrive if everything else remains constant.

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