This Week's Herman Trend Alert

in Normal 2.0


  The Herman Trend Alert

July 22, 2009

China---The Awakening Giant

We have long realized the magnitude of the Chinese consumer market. The population of China is over 1.3 billion and every year another 12 million babies are born. With this population and growth, it is easy to understand why companies like Microsoft and other tech giants are so interested in investment there.

China just surpassed the United States as the world's biggest auto market. The China Association of Automobile Manufacturers reports that responding to the government's slashing of sales taxes on small vehicles, Chinese car sales surged by 48 percent last month, compared to a year ago. More than half of the world's 50 largest retailers have launched businesses in China. Included in this list are Carrifour, Metro, and Wal-Mart.

Driven by domestic consumption and a strong increase in industrial activity, in the three months ending June 30, China's gross domestic product expanded by 7.9 percent (from the previous year). According to Chinese government data revealed Thursday, the growth rate was higher than the 7.7 percent expansion economists expected. This increase marked a sharp acceleration from the 6.1 percent growth recorded in the first quarter. Clearly, China may already be the fastest-growing market on the planet.

The Chinese government projects its GDP will grow 8.3 percent this year, according to a report released by the Chinese Academy of Social Sciences (CASS), the government's official agency.

Based on recent conversations with the Obama Administration, China has reached a point where it has assumed a more active role on the international financial stage. The onset of the global financial crisis provides the context for the decline of US economic power and illustrates the extent to which it has become dependent on China for the continuation of its global financial hegemony.

Add to this situation the fact that, according to a symposium of experts held in Washington on September 20, China's economy continues to expand. In spite of its overpopulation and unemployment challenges, especially in the rural areas, expect China to grow significantly as a market and trading partner in the coming months and years. The size of its market is enormous.

© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or To sign up, visit The Herman Trend Alert is a trademark of The Herman Group, Inc."

Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at or contact her on SKYPE at marianacampora.

Each week, Joyce and Ira will address some aspect of the future on Ahead of the Curve in Normal 2.0. It's fun and informative and you can join here. Subscribe and you will be notified when we are live.

Our author Joyce gets quoted in TIME Magazine, FORBES, and other national media on a regular basis. You can, too! Sign up for You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by November 10th @

To read this Herman Trend Alert on the web:

Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.

Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts


[ Home About Products Resources Media ]


7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566

  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.