1. Economic Factors:<br />The status of China's economy has become a big interest to many groups around the world. Foreign investment groups and venture specialists are eager to do business in untapped markets in the world. Multinational companies are anxious to expand their influence in various industrial areas, as are Western governments, and humanitarian groups are hopeful that an open China leads to the improved living conditions of all of China's people and not just a select few.<br />When China launched its Economic Reforms and Open Door Policy in 1978, large numbers of foreign investors were immediately attracted to its market of a billion people, the largest in the world.<br />The economy has grown more than 10 times within the last 30 years, with Chinese GDP reaching 3.42 trillion US dollars by 2007. In Purchasing Power GDP, China already has the biggest economy after the United States. Most analysts project China to become the largest economy in the world this century using all measures of GDP.<br />Currency Stability:<br />China’s currency has begun to be a big problem. Sure, the relatively low value of China's Yuan, keeps down the cost of consumer goods here. But according to international economists, the currency hurts American workers too — by making it harder for them to compete. Therefore eating away many manufacturing jobs in competing nations such as USA and Canada.<br />Proximity to Trade Partners:<br />China is relativity very close to many of its trading partners. In the list of top ten countries china exports to 6 of the countries are in the same continent as China (Asia).<br />Top Countries China Exports To<br />United States = $162.9 (+30%)<br />Hong Kong = $124.5 (+23%)<br />Japan = $84 (+14%)<br />South Korea = $35.1 (+26%)<br />Germany = $32.5 (+37%)<br />Netherlands = $25.9 (+40%)<br />United Kingdom = $19 (+27%)<br />Singapore = $16.6 (+31%)<br />Taiwan = $16.6 (+22%)<br />Russia = $13.2 (+45%)<br />