Chinese Government is determined to create more job opportunities in order to keep the economy going. Chinese Prime Minister, Wen Jiabao has several plans in the pipeline to take the economy to heights.

The Prime Minister has agreed to pay sufficient pensions to elder people, spent lavishly on education and health services and provide financial support to farmers to purchase small cars and household appliances.

Last year, the Chinese economy rose 8.7%. China was the first country that recovered from the global economic crisis. And it is determined to battle with the financial calamity striving for a stable economy by increasing consumption.

China's products flooded world's markets which were reasonably cheap compared to other brands. This lead to an upsurge in the Chinese Economy.

Chinese economy is anticipated to do well in 2010. It will earn 3% growth rate this year. Prices are expected to rise but inflation is not seen as a threat to its economy. As the economy will emerge completely out of recession, it will create room for more jobs.

At present, construction has drawn in most of the labor force but after completion of these projects, the laborers will once again become jobless and will have to search for a new job.

There was a time when Japan possessed nine out of 10 of the world's largest banks by assets. The Tokyo stock market had become 50% larger by capitalization than New York's in 1988.

In July, China property prices started surging and its A-share stock market capitalization overthrew Tokyo's to acquire second slot in the world after New York. At present, China's four big banks are in the top 25 in the world by assets.

The Chinese have resorted to one-child strategy to overcome the problem of over population.

A major part of the Chinese population is still living in rural areas.

According to latest policies, farmers will now have actual ownership of their lands. They can also mortgage or sell their lands if they want to. Earlier all land belonged to the state with farmers only having farming rights.

This measure is likely to gain public's love.

It seems China is leaving no stone unturned to attain desired results. It is striving to upgrade on the technical front also.

China needs to work on increasing its currency value which is extremely low in the world.

China is likely to succeed in its attempt to achieve its predetermined targets if it continues to work on its economy.