Sahit Muja: Golden opportunity for China to invest $3.2 trillion and become superpower
China has the center stage to help the global economy.
With $3.2 trillion in foreign reserves China hold the key to the rally in global markets and becoming economic superpower.
China’s foreign reserves have skyrocketed in 5 years, do to strong exports, foreign investment and large trade surpluses.
The foreign exchange reserves has been rising as China buys foreign currencies used to pay for the country’s exports in order to control the value of the yuan.
China’s new yuan loans stood at only 470 billion yuan ($73 billion) at the end of September, according to a statement from the People’s Bank of China.
The central bank has hiked interest rates five times since October and increased the amount of money banks must keep in reserve numerous times in the past year as part of its monetary tightening.
China’s economic rise and the steady supply of inexpensive natural resources have led to a rapid increase in Chinese foreign direct investment stretching to Europe, Australia, U.S , Middle East, Russia, Africa and Latin America.
China’s is emerging as a global superpower.
Chinese state-owned enterprises are becoming major players on natural resources extraction in Iran, Australia, Brazil, Venezuela, Canada, Middle East, Russia, Africa , Latin America and Africa.
China has the opportunity to become a global leader in energy and mining industry by investing $3.2 trillion foreign reserves.
If China invest all it’s $3.2 trillion dollars globally about 100 million Jobs can be crated.
Putting 100 million people beck to work in the global economy will definitely make a China a superpower.
An average $30,000 investment is needed to crate a one job globally.
It was the USA that fore many years has helped the global economy, now is China’s turn.
Go China the world needs You today.