There is no question in my mind that the Chinese economy will be the next great world economic power.
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New York, NY (PRWEB) March 06, 2012
The Chinese economy has grown to the point where powerful companies have now emerged and are ready to take on the world, according to Michael Lombardi, lead contributor to popular financial newsletter Profit Confidential. In his recent article, Chinese Companies Ready to Take on the World, Lombardi states that the Chinese economy and the companies within it are going to challenge the multinationals of both the U.S. and Europe.
“There is no question in my mind that the Chinese economy will be the next great world economic power,” says Lombardi.
While many still view China as mainly an export economy, Lombardi states that the Chinese economy is already beginning to show that it is much more than that.
“When people ask where the next great multinational companies will come from, I say look to China,” says Lombardi. “These Chinese companies are not just talking about it; they are taking action and making moves across the globe.”
Lombardi notes that China recently opened its first car assembly plant in the European Union, in Bulgaria.
“The Chinese economy has grown up and the long-term picture for Chinese companies looks very bright,” says Lombardi.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.