At precisely 8:08 PM on the 8th day of the 8th month of 2008, the opening ceremonies of the Beijing Olympic Games will begin, marking the biggest coming-out party in history. China, the world�s most populous country, will broadcast an unmistakable message to a worldwide audience of four billion viewers.

There is great significance to the timing of the ceremonies. 8:08 8/8/08.� Those numbers symbolize China�s economic success. The number eight is pronounced �ba� in Chinese, very similar to the sound of the word �fa�, which means wealth. Great wealth to be exact.

The Olympic Games, especially the opening ceremonies, will be a showcase for the world�s fastest growing major economy. From the fantastic �bird�s nest� stadium to the lavish Olympic facilities which were all but complete last year, China is staking out its territory as an unprecedented success story on the world stage. Like the Seoul Olympic Games of 1988 or the Tokyo Games of 1964, Beijing was chosen as a venue by the International Olympic Committee to welcome an emerging power to the front ranks of the world community.

Economically, China has already arrived.

With annual economic growth peaking well above 11 percent in 2007, China is set to continue its blazing pace of economic expansion through the rest of this decade. Beijing�s powerful National Development and Reform Commission is projecting a growth rate of eleven percent for 2008 with a GDP of 28 trillion yuan, or $3.77 trillion in U.S. dollars.

Considering the widely held view that the Chinese yuan is grossly undervalued, and keeping in mind that Chinese authorities tend to publish statistical forecasts at the low end of the range of possibilities, it seems certain that China will continue to be the world�s fastest growing major economy through this decade.

International economic authorities agree that China is destined to continue growing at a double-digit pace. The International Monetary Fund predicts that China�s GDP growth expected will be approximately ten percent, even though its export boom will ease slightly in 2008.

The World Bank is more optimistic, predicting 10.8% economic growth for China in 2008 despite economic setbacks in the U.S. caused by the subprime mortgage crisis and the surge in oil prices. The Chinese are already bracing themselves for the impact of a major economic slowdown in the United States. During 2007 almost 20 percent of China�s exports went to the U.S. But, in the event of a U.S. recession, how will China�s economy hold up?

Jim Trippon is America’s foremost authority on China investing, using proven investing techniques and principles. Jim has invested in China�s financial markets for years. His team of financial journalists is based in Hong Kong, Shanghai, Taipei, and Beijing. Jim serves as Editor-in Chief of China Stock Digest, from its offices in Hong Kong and Houston. To learn more about investing in China and foreign investing, visit ChinaStockDigest.com.

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