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China\'s Booming Economy. The world\'s fastest growing major economyAverage annual GDP growth of 9.91% between 1979 to 2010China\'s GDP is worth US$5.88 trillion in 2010. The world\'s second largest economy after the United States. Foreign Exchange Reserve ranks no.1 in the world at US$2.45 trillion as of June 2010. Domestic Consumption875,000 people in China have more than USD1.47 million, marking a growth of 6.1% on the previous year. The world\'s second biggest luxury goods consumer behind 9459

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