The China Economy has grown steadily in the last decade and is catching up to the big guys in this race, the United States. It might seem funny to some, but if they keep going, in a couple of years time they will be the new leaders of the global Economy. China s Economy Today, at the moment, third in the world, after the European Union and the United States. It is still far from the top spot, by over 10.000 billion dollars, but, as mentioned earlier, it is catching up to the United States because in China they didn’t really feel the economic crisis that has brought the American economy to its’ knees just a couple of years ago.
Secondly, the China Economy will start to get even better in the coming years because a lot of new car manufacturers have started presenting their products to the world. While some of these cars are not what you would call efficient or radically better than western options, a lot of them provide with good quality at incredible prices. It is assumed that in 10 years China will provide with cars that can easily compete with the best in terms of quality and reliability while providing with prices cheaper with up to 30 percent when compared to their main rivals. This will be the turning point in the struggle for the so called world economic domination.
At this point, China has an economic growth that has averaged more than 10 percent, which puts them at number 4 on the globe, while the United States had less than a 3 percent average in this section. By these numbers alone and because China s Economy Today is clearly the largest in the world due to the billion and something inhabitants, China Economy is the place you want to be right now if you want to manufacture or sell any kind of product. Also, it is the place to buy products and sell them else where.
Related: new world economy, global economy, china world economy leader
The Dubai shopping festival is a month long event that is held in Dubai, UAE on the first quarter of the year on that is promoted as a tourism activity and promotes retail sales. The festival started on 15th February 1996 as a retail sales promotion activity but has gone on to be a traditional activity. The shopping festival has grown to be the largest and longest running event in the Middle East and is said to attract about 3 million tourists. This year Dubai Shopping Festival 2011 will start on the January 20th 2011 and its closing ceremony will be held on 20th of February 2011
The popularity of the shopping started with campaigns in 1996 that invited the world to the festival. The idea of the city of gold was coined during the awareness campaigns; the festival attracted the idea of having a shopping global village. The shopping festival also attracted the idea of displaying the cultural and traditional aspects of the nation.
The Dubai shopping festival is an event that is quite popular due to the fancy displays and deals that are offered in the festival. The retail sector flourishes during this period since the shops offer great discounts on products, due to the tax free shopping that is encouraged during this period. There are also daily car raffles held during the 32 days of the festival and a great nightlife that is highlighted by the lighting of fireworks that light up the skies of Dubai.
The Dubai shopping festival has a large role in the tourism sector and it also presents great economical significance with a number of over 35 million tourists since 1996, tourists who have spent over 74 billion buying goods and services such as shopping from shopping malls, hotels, restaurants, casinos, airlines and entertainment spots. The festival is quite promising to both tourists and traders with increased numbers of both parties taking part in the festival every year.
Topics: Dubai Financial Market – Dubai World Financial – Money News World