China, the world’s second largest economy, has been the fastest-growing major nation for the past quarter of a century with real GDP expected to continue its strong growth at 9% in 2008. China ranks third worldwide in industrial output and is the source of around 8% of the world’s total manufacturing output. The economic powerhouse has become a preferred location for manufacturing and outsourcing industries such as machinery, textiles and apparel, chemical, food processing, automobiles, ships, aircraft, electronics, telecommunications and information technology.

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