China's economy to grow 8% annually from 2006 to 2010

China is over-acheiving it's goal of quadrupling it's gross domestic product by 2020. China's economy has been on an upward trend and seems to be staying that way. This can be seen in strong market forces as well as in the importance of it's own companies.
China, perhaps, has greaer growth portential than any economy the world's seen so far. This could be true because of the factors that play into this growing economy. There is a high investment rate and "rapid" productivity growth throughout China. It is believed that this country can stay at an 8 percent growth for the next five to ten years.
The rising economy benefits from the growth of fixed asset investment, high savings rates, and immense amounts of foreign direct investment. China's economy has also benefitted from recent political and social stability, improved labor productivity, and technological advances.
For the past two decades China's flourished in an over 9 percent annual rate of growth. This happens because of increased urbanization. Another large part of China's rising economy is due to their move on the consumption structure. Instead of smaller items like televisions and microwaves, China's moved on to houses and cars. China will hold up this economic growth thanks to local governments support and industrialization.
This once pre-industrial country is earning a few bragging rights. China is home to the world's second-largest fareign exchange reserve. With this China has become an ideal place to invest. It's industrial structure alone has made impressive impovements. It's manufacturing industrial has been growing at 10.3 percent a year. This is mostly thanks to technological improvements.
The people of China are reaping the benefits as well. Incomes have risen exponentially. These increased incomes lead to more money for healthcare, transportation, entertainment, etc. People have money to spend outside of just food and clothing. This in turn feeds back into the industrial revolution and the growing economy continues to rise.
It's not easy for China to have come to this however. The increased industrialization will lead to the consumption of an unusually large amount of resources. Furture growth will face poor growth quality and factors that can't be predicted yet. It's growing, but the quality of the growth is in question. The geography of China presents it's own challenges for the industry as well.
The future is looking good for China's economy. The industry has flourished, is improving, and will continue to grow.